China Fundamentals

CAAS
 Stock
  

USD 6.30  0.35  5.26%   

China Automotive Sys fundamentals help investors to digest information that contributes to China Automotive's financial success or failures. It also enables traders to predict the movement of China Stock. The fundamental analysis module provides a way to measure China Automotive's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to China Automotive stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
China Automotive Research and Development Expense is relatively stable at the moment as compared to the past year. China Automotive reported last year Research and Development Expense of 28.23 Million. As of 11/30/2022, Income Tax Expense is likely to grow to about 5 M, while Gross Profit is likely to drop slightly above 68.2 M.

China Cash and Equivalents Analysis

China Automotive's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

China Automotive Cash and Equivalents

127.4 Million

Cash 
 = 
Bank Deposits 
+  
Liquidities 
More About Cash and Equivalents | All Equity Analysis

Current China Automotive Cash and Equivalents

    
  112.42 M  
Most of China Automotive's fundamental indicators, such as Cash and Equivalents, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, China Automotive Sys is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

China Cash and Equivalents Historical Pattern

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 drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's cash and equivalents growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of China Automotive cash and equivalents as a starting point in their analysis.
   China Automotive Cash and Equivalents   
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       Timeline  
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Compare to competition

China Cash and Equivalents

Cash and Equivalents

127.4 Million

China Automotive Cash and Equivalents is relatively stable at the moment as compared to the past year. China Automotive reported last year Cash and Equivalents of 159.5 Million
In accordance with the recently published financial statements, China Automotive Sys has 112.42 M in Cash and Equivalents. This is 85.45% lower than that of the Consumer Cyclical sector and 55.71% lower than that of the Auto Parts industry. The cash and equivalents for all United States stocks is 95.84% higher than that of the company.

China Automotive Sys Fundamental Drivers 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 Sys is the top company in total debt category among related companies. It is number one stock in cash and equivalents category among related companies creating about  2.34  of Cash and Equivalents per Total Debt. China Automotive Total Debt is relatively stable at the moment as compared to the past year. China Automotive reported last year Total Debt of 47.59 Million. Comparative valuation analysis is a catch-all model that can be used if you cannot value China Automotive by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for China Automotive's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the China Automotive's earnings, one of the primary drivers of an investment's value.

China Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses China Automotive's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of China Automotive could also be used in its relative valuation, which is a method of valuing China Automotive by comparing valuation metrics of similar companies.
China Automotive is currently under evaluation in beta category among related companies.

China Automotive Current Valuation Drivers

We derive many important indicators used in calculating different scores of China Automotive from analyzing China Automotive's financial statements. These drivers represent accounts that assess China Automotive's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of China Automotive's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(3.64 K)5052.47 K(1.06 K)2.81 K4.23 K
Revenue Per Employee95.26 K106.16 K108.07 K89.76 K127.21 K110.21 K
Average Assets686.72 M697.79 M666.63 M658.96 M700.05 M721.73 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA33.39 M14.95 M26.31 M9.63 M35.29 M42.89 M
Earnings Before Interest Taxes and Depreciation Amortization USD39.4 M20.66 M31.43 M20.83 M43.6 M40.23 M
Earnings before Tax22.29 M912 K10.55 M(2.82 M)15.05 M17.32 M
Average Equity315.61 M297.81 M288.86 M290.06 M312.06 M317.62 M
Enterprise Value139.03 M26.5 M60 M123.62 M9.89 M10.15 M
Free Cash Flow24.03 M(12.22 M)(2.54 M)43.1 M19.16 M15.53 M
Invested Capital320.17 M286.32 M292.47 M257.02 M242.31 M271.93 M
Invested Capital Average322 M306.17 M317.39 M263.45 M261.43 M284.52 M
Market Capitalization151.89 M77.21 M98.92 M192.52 M82.68 M104.65 M
Tangible Asset Value716.71 M682.35 M648.46 M695.06 M706.03 M730.79 M
Working Capital159.14 M154.13 M137.53 M121.17 M149.56 M144.43 M

China Automotive Institutional Holders

Institutional Holdings refers to the ownership stake in China Automotive that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of China Automotive's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing China Automotive's value.
Security TypeSharesValue
Zacks Investment ManagementCommon Shares10 K33 K
Wolverine Trading LlcPut Options18.9 K119 K
Wolverine Trading LlcCall Options31.3 K198 K
Wolverine Trading LlcCommon Shares15.8 K38 K
Wolverine Trading LlcCommon Shares22.2 K107 K
Wexford Capital LpCommon Shares60.2 K477 K
Wells Fargo CompanyCommon Shares3001000
Wells Fargo CompanyCommon Shares1.2 KK
Walleye Trading LlcCommon Shares1.7 KK
Let's try to break down what China's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, China Automotive will likely underperform.

China Fundamentals

About China Automotive Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze China Automotive Sys's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of China Automotive using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of China Automotive Sys based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Cost of Revenue425.9 M435 M
Revenues502.4 M447.5 M
Revenue to Assets 0.70  0.78 
Revenue Per Employee127.2 K110.2 K

Be your own money manager

Our tools can tell you how much better you can do entering a position in China Automotive without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with China Automotive

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if China Automotive position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in China Automotive will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to China Automotive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Automotive when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back China Automotive - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling China Automotive Sys to buy it.
The correlation of China Automotive is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Automotive Sys moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for China Automotive can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to China Automotive Piotroski F Score and China Automotive Altman Z Score analysis. Note that the China Automotive Sys information on this page should be used as a complementary analysis to other China Automotive's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is China Automotive's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of China Automotive. If investors know China will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about China Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
2.06
Market Capitalization
187.2 M
Quarterly Revenue Growth YOY
0.27
Return On Assets
0.0106
Return On Equity
0.0712
The market value of China Automotive Sys is measured differently than its book value, which is the value of China that is recorded on the company's balance sheet. Investors also form their own opinion of China Automotive's value that differs from its market value or its book value, called intrinsic value, which is China Automotive's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because China Automotive's market value can be influenced by many factors that don't directly affect China Automotive's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between China Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine China Automotive value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Automotive's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.