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CHINA AUTOMOTIVE SYSTEMS INC (CAAS) Stock Fundamental Analysis

NASDAQ:CAAS - Nasdaq - US16936R1059 - Common Stock - Currency: USD

3.69  +0.09 (+2.5%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to CAAS. CAAS was compared to 81 industry peers in the Automobile Components industry. CAAS has a medium profitability rating, but doesn't score so well on its financial health evaluation. CAAS does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

CAAS had positive earnings in the past year.
CAAS had a positive operating cash flow in the past year.
Of the past 5 years CAAS 4 years were profitable.
In the past 5 years CAAS always reported a positive cash flow from operatings.
CAAS Yearly Net Income VS EBIT VS OCF VS FCFCAAS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M

1.2 Ratios

CAAS has a worse Return On Assets (3.52%) than 64.20% of its industry peers.
With a Return On Equity value of 8.58%, CAAS is not doing good in the industry: 62.96% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 5.63%, CAAS is doing worse than 71.60% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CAAS is below the industry average of 8.88%.
The 3 year average ROIC (4.01%) for CAAS is below the current ROIC(5.63%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.52%
ROE 8.58%
ROIC 5.63%
ROA(3y)3.8%
ROA(5y)2.45%
ROE(3y)8.77%
ROE(5y)5.62%
ROIC(3y)4.01%
ROIC(5y)N/A
CAAS Yearly ROA, ROE, ROICCAAS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

Looking at the Profit Margin, with a value of 4.61%, CAAS is in line with its industry, outperforming 41.98% of the companies in the same industry.
In the last couple of years the Profit Margin of CAAS has grown nicely.
Looking at the Operating Margin, with a value of 5.52%, CAAS is doing worse than 67.90% of the companies in the same industry.
In the last couple of years the Operating Margin of CAAS has grown nicely.
CAAS has a worse Gross Margin (16.77%) than 77.78% of its industry peers.
In the last couple of years the Gross Margin of CAAS has grown nicely.
Industry RankSector Rank
OM 5.52%
PM (TTM) 4.61%
GM 16.77%
OM growth 3Y184.06%
OM growth 5Y84.98%
PM growth 3Y27.37%
PM growth 5Y14.72%
GM growth 3Y5.03%
GM growth 5Y2.68%
CAAS Yearly Profit, Operating, Gross MarginsCAAS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15

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2

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CAAS is destroying value.
The number of shares outstanding for CAAS remains at a similar level compared to 1 year ago.
CAAS has less shares outstanding than it did 5 years ago.
CAAS has a worse debt/assets ratio than last year.
CAAS Yearly Shares OutstandingCAAS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
CAAS Yearly Total Debt VS Total AssetsCAAS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

Based on the Altman-Z score of 1.74, we must say that CAAS is in the distress zone and has some risk of bankruptcy.
CAAS has a Altman-Z score of 1.74. This is amonst the worse of the industry: CAAS underperforms 80.25% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that CAAS is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.48, CAAS is doing worse than 71.60% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF N/A
Altman-Z 1.74
ROIC/WACC0.92
WACC6.15%
CAAS Yearly LT Debt VS Equity VS FCFCAAS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

CAAS has a Current Ratio of 1.32. This is a normal value and indicates that CAAS is financially healthy and should not expect problems in meeting its short term obligations.
CAAS has a Current ratio of 1.32. This is amonst the worse of the industry: CAAS underperforms 86.42% of its industry peers.
CAAS has a Quick Ratio of 1.07. This is a normal value and indicates that CAAS is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.07, CAAS is doing worse than 77.78% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.32
Quick Ratio 1.07
CAAS Yearly Current Assets VS Current LiabilitesCAAS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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3

3. Growth

3.1 Past

The earnings per share for CAAS have decreased strongly by -20.80% in the last year.
Measured over the past years, CAAS shows a very strong growth in Earnings Per Share. The EPS has been growing by 25.34% on average per year.
CAAS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.96%.
The Revenue has been growing by 8.58% on average over the past years. This is quite good.
EPS 1Y (TTM)-20.8%
EPS 3Y41.42%
EPS 5Y25.34%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)12.96%
Revenue growth 3Y9.34%
Revenue growth 5Y8.58%
Sales Q2Q%18.56%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
CAAS Yearly Revenue VS EstimatesCAAS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
CAAS Yearly EPS VS EstimatesCAAS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 0.2 0.4 0.6 0.8 1

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3

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 3.73, the valuation of CAAS can be described as very cheap.
Based on the Price/Earnings ratio, CAAS is valued cheaper than 98.77% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.29, CAAS is valued rather cheaply.
Industry RankSector Rank
PE 3.73
Fwd PE N/A
CAAS Price Earnings VS Forward Price EarningsCAAS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CAAS indicates a rather cheap valuation: CAAS is cheaper than 98.77% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 0
CAAS Per share dataCAAS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.15
EPS Next 2YN/A
EPS Next 3YN/A

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 21.68%, CAAS is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.71, CAAS pays a better dividend. On top of this CAAS pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.52, CAAS pays a better dividend.
Industry RankSector Rank
Dividend Yield 21.68%

5.2 History

CAAS is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
CAAS Yearly Dividends per shareCAAS Yearly Dividends per shareYearly Dividends per share 2024 0.2 0.4 0.6

5.3 Sustainability

CAAS pays out 74.83% of its income as dividend. This is not a sustainable payout ratio.
DP74.83%
EPS Next 2YN/A
EPS Next 3YN/A
CAAS Yearly Income VS Free CF VS DividendCAAS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M
CAAS Dividend Payout.CAAS Dividend Payout, showing the Payout Ratio.CAAS Dividend Payout.PayoutRetained Earnings

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CHINA AUTOMOTIVE SYSTEMS INC

NASDAQ:CAAS (4/17/2025, 8:05:21 PM)

3.69

+0.09 (+2.5%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)03-28 2025-03-28/bmo
Earnings (Next)05-08 2025-05-08
Inst Owners4.48%
Inst Owner Change0%
Ins Owners61.49%
Ins Owner Change0%
Market Cap111.33M
Analysts82.86
Price TargetN/A
Short Float %0.27%
Short Ratio0.76
Dividend
Industry RankSector Rank
Dividend Yield 21.68%
Yearly Dividend0.74
Dividend Growth(5Y)N/A
DP74.83%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)47.06%
Min EPS beat(2)10.29%
Max EPS beat(2)83.82%
EPS beat(4)4
Avg EPS beat(4)51.67%
Min EPS beat(4)10.29%
Max EPS beat(4)83.82%
EPS beat(8)8
Avg EPS beat(8)106.74%
EPS beat(12)11
Avg EPS beat(12)170.51%
EPS beat(16)14
Avg EPS beat(16)147.17%
Revenue beat(2)2
Avg Revenue beat(2)16.69%
Min Revenue beat(2)7.97%
Max Revenue beat(2)25.41%
Revenue beat(4)3
Avg Revenue beat(4)7.64%
Min Revenue beat(4)-8.4%
Max Revenue beat(4)25.41%
Revenue beat(8)4
Avg Revenue beat(8)3.68%
Revenue beat(12)7
Avg Revenue beat(12)4.8%
Revenue beat(16)10
Avg Revenue beat(16)3.99%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 3.73
Fwd PE N/A
P/S 0.17
P/FCF N/A
P/OCF 11.39
P/B 0.32
P/tB 0.32
EV/EBITDA 0
EPS(TTM)0.99
EY26.83%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-1.15
FCFYN/A
OCF(TTM)0.32
OCFY8.78%
SpS21.58
BVpS11.59
TBVpS11.47
PEG (NY)N/A
PEG (5Y)0.15
Profitability
Industry RankSector Rank
ROA 3.52%
ROE 8.58%
ROCE 9.12%
ROIC 5.63%
ROICexc 6.63%
ROICexgc 6.68%
OM 5.52%
PM (TTM) 4.61%
GM 16.77%
FCFM N/A
ROA(3y)3.8%
ROA(5y)2.45%
ROE(3y)8.77%
ROE(5y)5.62%
ROIC(3y)4.01%
ROIC(5y)N/A
ROICexc(3y)5.04%
ROICexc(5y)N/A
ROICexgc(3y)5.08%
ROICexgc(5y)N/A
ROCE(3y)6.36%
ROCE(5y)N/A
ROICexcg growth 3Y183.23%
ROICexcg growth 5Y93.06%
ROICexc growth 3Y183.02%
ROICexc growth 5Y92.92%
OM growth 3Y184.06%
OM growth 5Y84.98%
PM growth 3Y27.37%
PM growth 5Y14.72%
GM growth 3Y5.03%
GM growth 5Y2.68%
F-Score5
Asset Turnover0.77
Health
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF N/A
Debt/EBITDA 2.99
Cap/Depr 219.84%
Cap/Sales 6.83%
Interest Coverage 20.06
Cash Conversion 17.4%
Profit Quality N/A
Current Ratio 1.32
Quick Ratio 1.07
Altman-Z 1.74
F-Score5
WACC6.15%
ROIC/WACC0.92
Cap/Depr(3y)139.03%
Cap/Depr(5y)105.74%
Cap/Sales(3y)4.82%
Cap/Sales(5y)4.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-20.8%
EPS 3Y41.42%
EPS 5Y25.34%
EPS Q2Q%-16.67%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)12.96%
Revenue growth 3Y9.34%
Revenue growth 5Y8.58%
Sales Q2Q%18.56%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y7.5%
EBIT growth 3Y210.59%
EBIT growth 5Y100.85%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1855.13%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-50.89%
OCF growth 3Y-29.81%
OCF growth 5Y-20.25%