China Automotive Systems (CAAS) Stock Price, News & Analysis

Company Overview

China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China, the United States, and internationally. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronics and systems and parts. The company also offers automotive motors and electromechanical integrated systems; polymer materials; and intelligent automotive technology research and development services. In addition, it provides after sales services, and research and development support services; and inspection and testing of automotive products, as well as markets automotive parts in North America. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. is headquartered in Jingzhou, the People's Republic of China.

Key Stats

• Today's Range: $4.33 to $4.48
• 50-Day Range: $3.48 to $4.79
• 52-Week Range: $3.05 to $4.97
• Volume: 16,516 shs
• Average Volume: 56,965 shs
• Market Capitalization: $131.63 million
• P/E Ratio: 4.15
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

China Automotive Systems Stock Analysis - MarketRank™

China Automotive Systems scored higher than 35% of companies evaluated by MarketBeat, and ranked 65th out of 91 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for China Automotive Systems.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of China Automotive Systems is 4.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.81.

Price to Earnings Ratio vs. Sector

The P/E ratio of China Automotive Systems is 4.15, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 15.14.

Price to Book Value per Share Ratio

China Automotive Systems has a P/B Ratio of 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.10% of the float of China Automotive Systems has been sold short.

Short Interest Ratio / Days to Cover

China Automotive Systems has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in China Automotive Systems has recently increased by 45.21%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

China Automotive Systems does not currently pay a dividend.

Dividend Growth

China Automotive Systems does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.10% of the float of China Automotive Systems has been sold short.

Short Interest Ratio / Days to Cover

China Automotive Systems has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in China Automotive Systems has recently increased by 45.21%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.56

News Sentiment

China Automotive Systems has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for China Automotive Systems this week, compared to 1 article on an average week.

MarketBeat Follows

2 people have added China Automotive Systems to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, China Automotive Systems insiders have not sold or bought any company stock.

Percentage Held by Insiders

64.73% of the stock of China Automotive Systems is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 5.17% of the stock of China Automotive Systems is held by institutions.

CAAS Stock Analysis - Frequently Asked Questions

How have CAAS shares performed this year?

China Automotive Systems' stock was trading at $3.23 at the beginning of the year. Since then, CAAS shares have increased by 35.0% and is now trading at $4.36.
View the best growth stocks for 2024 here.

How were China Automotive Systems' earnings last quarter?

China Automotive Systems, Inc. (NASDAQ:CAAS) issued its quarterly earnings data on Tuesday, May, 14th. The auto parts company reported $0.27 earnings per share (EPS) for the quarter. The auto parts company earned $139.39 million during the quarter. China Automotive Systems had a trailing twelve-month return on equity of 8.22% and a net margin of 5.12%.

How will China Automotive Systems' stock buyback program work?

China Automotive Systems' board authorized a stock buyback program on Monday, November 18th 2024, which authorizes the company to buy back $5,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 3.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Who are China Automotive Systems' major shareholders?

China Automotive Systems' top institutional shareholders include Empowered Funds LLC (0.45%) and Connor Clark & Lunn Investment Management Ltd. (0.29%).
View institutional ownership trends.

How do I buy shares of China Automotive Systems?

Shares of CAAS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of China Automotive Systems own?

Based on aggregate information from My MarketBeat watchlists, some other companies that China Automotive Systems investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Alibaba Group (BABA), Meta Platforms (META), Baidu (BIDU), NIO (NIO) and Palantir Technologies (PLTR).

Company Calendar

• Last Earnings: 5/14/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Auto/Tires/Trucks
• Industry: Motor vehicle parts & accessories
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NASDAQ:CAAS
• CUSIP: N/A
• CIK: 1157762
• Web: www.caasauto.com
• Phone: 862787570027
• Fax: 86-71-6832-9298
• Employees: 4,095
• Year Founded: 2003

Profitability

• EPS (Most Recent Fiscal Year): $1.05
• Trailing P/E Ratio: 4.15
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $37.66 million
• Net Margins: 5.12%
• Pretax Margin: 8.10%
• Return on Equity: 8.22%
• Return on Assets: 4.04%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.36
• Quick Ratio: 1.11

Sales & Book Value

• Annual Sales: $576.35 million
• Price / Sales: 0.23
• Cash Flow: $1.82 per share
• Price / Cash Flow: 2.39
• Book Value: $12.87 per share
• Price / Book: 0.34

Miscellaneous

• Outstanding Shares: 30,190,000
• Free Float: 10,647,000
• Market Cap: $131.63 million
• Optionable: Optionable
• Beta: 2.45