China Stock Today

CAAS
 Stock
  

USD 7.22  0.12  1.69%   

Market Performance
12 of 100
Odds Of Distress
Less than 19
China Automotive is selling at 7.22 as of the 3rd of December 2022; that is 1.69 percent increase since the beginning of the trading day. The stock's lowest day price was 6.53. China Automotive has less than a 19 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for China Automotive Systems are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of October 2022 and ending today, the 3rd of December 2022. Click here to learn more.
CUSIP
16936R105
Fiscal Year End
December
Business Domain
Automobiles & Components
IPO Date
7th of October 2003
Category
Consumer Cyclical
Classification
Consumer Discretionary
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. The company has 30.2 M outstanding shares of which 81.22 K shares are currently shorted by private and institutional investors with about 1.2 trading days to cover. More on China Automotive Systems

Moving against China Automotive

-0.62IRBTIRobot Normal TradingPairCorr
-0.58PRTYParty City Holdco Aggressive PushPairCorr
Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

China Automotive Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. China Automotive's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding China Automotive or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
China Automotive appears to be risky and price may revert if volatility continues
China Automotive has a strong financial position based on the latest SEC filings
About 65.0% of the company shares are held by company insiders
Latest headline from news.google.com: Auto Roundup GMs EV Push in China Fs Massive Recall Hog the Limelight - Yahoo Finance
CEO and DirectorQizhou Wu
Fama & French Classification
Average Analyst Recommendation
Analysts covering China Automotive report their recommendations after researching China Automotive's financial statements, talking to executives and customers, or listening in on China Automotive's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering China Automotive Systems. The China consensus assessment is calculated by taking the average forecast from all of the analysts covering China Automotive.
Strong Buy1 Opinion
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of China Automotive Systems based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of China Automotive Systems financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
StrongDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted29.2 M30.9 M
Notably Down
Increasing
Stable
Weighted Average Shares28.9 M30.9 M
Notably Down
Increasing
Slightly volatile
Return on Average Assets1.61.5555
Fairly Up
Decreasing
Slightly volatile
Net Cash Flow from Operations28.1 M28.3 M
Slightly Down
Increasing
Very volatile
Current Liabilities314.6 M351.8 M
Moderately Down
Increasing
Slightly volatile
Total Liabilities355.3 M395.7 M
Moderately Down
Increasing
Slightly volatile
Gross Margin18.4915.2175
Fairly Up
Decreasing
Slightly volatile
Total Debt52.3 M47.6 M
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.810.7054
Fairly Up
Decreasing
Slightly volatile
Current Assets455.7 M501.4 M
Moderately Down
Increasing
Slightly volatile
Total Assets632.8 M716.8 M
Fairly Down
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of China Automotive's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldOvervalued
Financial Strength
China Automotive's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to China Automotive's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand China Automotive's financial leverage. It provides some insight into what part of China Automotive's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on China Automotive's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how China Automotive deploys its capital and how much of that capital is borrowed.
Liquidity
China Automotive cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 44.74 M in liabilities with Debt to Equity (D/E) ratio of 0.14, which may suggest the company is not taking enough advantage from borrowing. China Automotive Systems has a current ratio of 1.43, which is within standard range for the sector. Debt can assist China Automotive until it has trouble settling it off, either with new capital or with free cash flow. So, China Automotive's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like China Automotive Systems sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for China to invest in growth at high rates of return. When we think about China Automotive's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

28.11 Million
China Automotive Systems (CAAS) is traded on NASDAQ Exchange in USA and employs 3,949 people. China Automotive is listed under Auto Parts & Equipment category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with current market capitalization of 214.39 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate China Automotive's market, we take the total number of its shares issued and multiply it by China Automotive's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. China Automotive Systems conducts business under Auto Components sector and is part of Consumer Discretionary industry. The entity has 30.2 M outstanding shares of which 81.22 K shares are currently shorted by private and institutional investors with about 1.2 trading days to cover. China Automotive Systems currently holds about 100.71 M in cash with 28.27 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.31.
Check China Automotive Probability Of Bankruptcy
Ownership
China Automotive Systems retains a total of 30.2 Million outstanding shares. China Automotive Systems shows majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company outstanding shares. 65.18 percent of China Automotive Systems outstanding shares that are owned by insiders signifies that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check China Ownership Details

China Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of China Automotive jumping above the current price in 90 days from now is near 1%. The China Automotive Systems probability density function shows the probability of China Automotive stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days China Automotive has a beta of 0.1365 suggesting as returns on the market go up, China Automotive average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding China Automotive Systems will be expected to be much smaller as well. Additionally, the company has an alpha of 0.9299, implying that it can generate a 0.93 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 7.22HorizonTargetOdds Above 7.22
99.94%90 days
 7.22 
0.06%
Based on a normal probability distribution, the odds of China Automotive to move above the current price in 90 days from now is near 1 (This China Automotive Systems probability density function shows the probability of China Stock to fall within a particular range of prices over 90 days) .

China Stock 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.
InstituionSecurity TypeTotal SharesValue
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
View China Automotive Diagnostics

China Automotive Historical Income Statement

China Automotive Systems Income Statement is one of the three primary financial statements used for reporting China's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of China Automotive Systems revenue and expense. China Automotive Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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 12/03/2022, Income Tax Expense is likely to grow to about 5 M, while Gross Profit is likely to drop slightly above 68.2 M. View More Fundamentals

China Stock Against Markets

Picking the right benchmark for China Automotive stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in China Automotive stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for China Automotive is critical whether you are bullish or bearish towards China Automotive Systems at a given time.

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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China Automotive Corporate Directors

China Automotive corporate directors refer to members of a China Automotive board of directors. The board of directors generally takes responsibility for the China Automotive's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of China Automotive's board members must vote for the resolution. The China Automotive board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Guangxun Xu - Independent DirectorProfile
Henry Lu - Independent DirectorProfile
Tong Teo - Independent DirectorProfile
Robert Tung - Independent DirectorProfile

Invested in China Automotive Systems?

The danger of trading China Automotive Systems is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of China Automotive is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than China Automotive. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile China Automotive Systems is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the China Automotive Systems 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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When running China Automotive Systems 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 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.
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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
214.4 M
Quarterly Revenue Growth YOY
0.27
Return On Assets
0.0106
Return On Equity
0.0712
The market value of China Automotive Systems 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.