China Automotive Financials

CAAS Stock  USD 4.36  0.08  1.80%   
Based on the measurements of operating efficiency obtained from China Automotive's historical financial statements, China Automotive Systems may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, China Automotive's Other Current Assets are comparatively stable compared to the past year. Property Plant And Equipment Gross is likely to gain to about 354.9 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 190.3 M in 2024. Key indicators impacting China Automotive's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.450.413
Significantly Up
Very volatile
Current Ratio1.141.4699
Significantly Down
Slightly volatile
Investors should never underestimate China Automotive's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor China Automotive's cash flow, debt, and profitability to make informed and accurate decisions about investing in China Automotive Systems.

Net Income

39.54 Million

  
Understanding current and past China Automotive Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of China Automotive's financial statements are interrelated, with each one affecting the others. For example, an increase in China Automotive's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in China Automotive's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of China Automotive Systems. Check China Automotive's Beneish M Score to see the likelihood of China Automotive's management manipulating its earnings.

China Automotive Stock Summary

China Automotive competes with Dorman Products, Monro Muffler, Standard, Stoneridge, and Cooper Stnd. China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the Peoples Republic of China. China Automotive Systems, Inc. was incorporated in 1999 and is headquartered in Jingzhou, the Peoples Republic of China. China Automotive operates under Auto Parts classification in the United States and is traded on NASDAQ Exchange. It employs 49 people.
Specialization
Consumer Discretionary, Automobiles & Components
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS16936R1059
CUSIP16936R105
LocationChina
Business AddressNo 1 Henglong
SectorAutomobile Components
IndustryConsumer Discretionary
BenchmarkDow Jones Industrial
Websitewww.caasauto.com
Phone86 71 6412 7901
CurrencyUSD - US Dollar

China Automotive Key Financial Ratios

China Automotive Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets660.0M707.6M716.8M714.4M766.4M476.6M
Net Debt47.4M(52.7M)(2.0M)(74.5M)27.8M29.2M
Retained Earnings221.2M215.5M226.4M247.2M284.8M299.1M
Cash76.7M97.2M131.7M121.2M114.7M63.6M
Total Current Assets441.2M475.7M501.4M520.7M564.1M354.0M
Other Current Liab68.7M82.5M61.3M59.9M71.0M52.8M
Total Liab350.6M387.6M379.3M386.9M398.0M256.5M
Accounts Payable116.7M225.3M146.1M150.6M160.6M111.9M
Other Liab34.4M31.9M27.5M22.0M25.3M26.5M
Other Assets26.6M39.4M29.9M15.9M18.3M19.0M
Net Receivables233.0M234.1M210.3M224.3M269.4M211.4M
Inventory82.9M88.3M116.5M112.2M112.4M62.1M
Other Current Assets42.7M45.8M41.1M50.1M56.5M59.4M
Short Term Debt116.7M44.4M129.7M130.4M141.2M85.6M
Intangible Assets11.7M12.5M12.5M10.8M13.1M19.5M
Net Tangible Assets287.9M290.7M308.5M300.8M345.9M296.7M
Long Term Debt291K4.9M1.1M528K1.2M2.2M
Long Term Debt Total306K291K4.9M1.1M1.0M962.7K

China Automotive Key Income Statement Accounts

The reason investors look at the income statement is to determine what China Automotive's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense3.0M1.6M1.4M1.5M1.2M2.0M
Operating Income10.0M(10.6M)11.3M24.5M39.2M20.5M
Ebit10.0M(10.3M)10.2M24.8M49.5M51.9M
Ebitda27.8M11.7M37.3M50.0M68.2M71.6M
Net Income7.0M(14.4M)4.4M21.2M37.7M39.5M
Income Tax Expense586K2.2M4.0M3.1M5.1M4.8M
Total Revenue431.4M417.6M498.0M529.6M576.4M354.5M
Gross Profit63.4M55.3M72.1M83.4M101.8M66.4M
Income Before Tax7.6M(12.2M)8.4M23.0M48.2M50.6M
Research Development28.0M25.7M28.2M36.1M29.2M18.4M
Cost Of Revenue368.1M362.3M425.9M446.2M474.5M301.8M
Minority Interest(1.6M)16.7M324K(1.2M)(3.7M)(3.5M)
Tax Provision586K2.2M4.0M3.1M1.1M1.0M
Interest Income2.1M1.7M1.2M1.2M1.2M1.5M
Net Interest Income(1.3M)(205K)(583K)(530K)(48K)(50.4K)

China Automotive Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(9.6M)21.7M31.4M(548K)(3.8M)(3.6M)
Free Cash Flow(5.6M)40.9M18.4M27.5M(1.8M)(1.7M)
Capital Expenditures35.9M16.6M9.9M20.5M21.7M19.6M
Net Income8.4M(10.3M)10.7M22.3M37.7M39.5M
End Period Cash Flow106.4M128.1M159.5M159.0M155.2M163.0M
Other Non Cash Items(2.5M)287K(4.5M)4.7M7.8M8.2M
Change To Inventory4.0M(109K)(25.7M)(5.4M)(1.7M)(1.7M)
Depreciation17.8M22.1M27.1M25.2M18.7M14.7M
Change To Netincome(2.5M)(524K)(673K)7.2M8.2M8.6M
Change Receivables30.9M27.5M21.0M7.3M8.4M8.8M
Net Borrowings(12.6M)(17.4M)(2.0M)851K765.9K727.6K
Investments13.1M(23.8M)3.0M(32.7M)(15.7M)(14.9M)

China Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining China Automotive's current stock value. Our valuation model uses many indicators to compare China Automotive value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across China Automotive competition to find correlations between indicators driving China Automotive's intrinsic value. More Info.
China Automotive Systems is rated fourth in return on equity category among its peers. It is rated fifth in return on asset category among its peers reporting about  0.33  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for China Automotive Systems is roughly  3.01 . At this time, China Automotive's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value China Automotive by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

China Automotive Systems Systematic Risk

China Automotive's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. China Automotive volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on China Automotive Systems correlated with the market. If Beta is less than 0 China Automotive generally moves in the opposite direction as compared to the market. If China Automotive Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one China Automotive Systems is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of China Automotive is generally in the same direction as the market. If Beta > 1 China Automotive moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in China Automotive Stock are looking for potential investment opportunities by analyzing not only static indicators but also various China Automotive's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of China Automotive growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0335

At this time, China Automotive's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

China Automotive November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of China Automotive help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of China Automotive Systems. We use our internally-developed statistical techniques to arrive at the intrinsic value of China Automotive Systems based on widely used predictive technical indicators. In general, we focus on analyzing China Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build China Automotive's daily price indicators and compare them against related drivers.

Additional Tools for China Stock Analysis

When running China Automotive's price analysis, check to measure China Automotive's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Automotive is operating at the current time. Most of China Automotive's value examination focuses on studying past and present price action to predict the probability of China Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Automotive's price. Additionally, you may evaluate how the addition of China Automotive to your portfolios can decrease your overall portfolio volatility.