Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Valuation
- Analyst Ratings
Upturn AI SWOT - About
CAAS 
China Automotive Systems Inc (CAAS)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
04/01/2025: CAAS (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit 56.72% | Avg. Invested days 40 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 135.53M USD | Price to earnings Ratio 4.28 | 1Y Target Price 7.5 |
Price to earnings Ratio 4.28 | 1Y Target Price 7.5 | ||
Volume (30-day avg) 61217 | Beta 2.45 | 52 Weeks Range 2.84 - 5.37 | Updated Date 04/2/2025 |
52 Weeks Range 2.84 - 5.37 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.05 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-03-28 | When - | Estimate - | Actual 0.3004 |
Profitability
Profit Margin 6.02% | Operating Margin (TTM) 6.81% |
Management Effectiveness
Return on Assets (TTM) 3.76% | Return on Equity (TTM) 11.3% |
Valuation
Trailing PE 4.28 | Forward PE 14.88 | Enterprise Value 209811827 | Price to Sales(TTM) 0.19 |
Enterprise Value 209811827 | Price to Sales(TTM) 0.19 | ||
Enterprise Value to Revenue 0.32 | Enterprise Value to EBITDA 3.17 | Shares Outstanding 30185700 | Shares Floating 10645893 |
Shares Outstanding 30185700 | Shares Floating 10645893 | ||
Percent Insiders 64.73 | Percent Institutions 4.35 |
Analyst Ratings
Rating - | Target Price 7.5 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
China Automotive Systems Inc
Company Overview
History and Background
China Automotive Systems, Inc. (CAAS) was founded in 1993 and is based in Jingzhou, China. It designs, develops, manufactures, and distributes automotive systems and components in China and North America. It has grown through internal development and acquisitions.
Core Business Areas
- Power Steering Systems: Manufacturing and sales of power steering systems for passenger vehicles, commercial vehicles, and specialty vehicles.
- Components: Production and distribution of power steering components such as pumps, columns, and electronic steering components.
- New Energy Vehicle (NEV) Steering Systems: Development and supply of advanced steering systems for NEVs.
Leadership and Structure
The leadership includes Qingdao Zhou, Chairman and CEO. The organizational structure is typical of a manufacturing company with departments for R&D, production, sales, and finance.
Top Products and Market Share
Key Offerings
- Hydraulic Power Steering (HPS): HPS systems for various vehicles. CAAS has a significant share in the Chinese market for HPS, estimated at around 20-25% in specific segments. Competitors include Bosch, JTEKT, and local Chinese manufacturers. Revenue Contribution (estimate): 45% of total revenue.
- Electric Power Steering (EPS): EPS systems for passenger and NEVs. Growing market share as NEVs gain popularity in China. Market share is lower than HPS, estimated at 10-15% in the EPS segment. Competitors include Bosch, Nexteer, and NSK. Revenue Contribution (estimate): 35% of total revenue.
- Steering Components: Pumps, gears, and other components sold to other manufacturers. This segment helps CAAS cater to different customer needs and is estimated at approximately 20% of revenue. Competitors include a fragmented mix of component suppliers.
Market Dynamics
Industry Overview
The automotive steering systems market is evolving, driven by trends in electrification, autonomous driving, and vehicle safety. Demand for EPS systems is increasing, while HPS systems are gradually declining.The industry is heavily impacted by global supply chain fluctuations and raw material costs.
Positioning
CAAS is positioned as a leading supplier of automotive steering systems in China, with a focus on both traditional HPS and newer EPS technologies. Its competitive advantages include its strong domestic presence, established customer relationships, and cost-effective manufacturing capabilities.
Total Addressable Market (TAM)
The global automotive steering system market is estimated to be around $30 billion. CAAS is positioned to capture a portion of this market, primarily within China, with growing potential in the NEV segment.
Upturn SWOT Analysis
Strengths
- Strong domestic market presence in China
- Established relationships with major automotive manufacturers
- Cost-effective manufacturing capabilities
- Diversified product portfolio (HPS, EPS)
- Experience in supplying both traditional and NEV markets
Weaknesses
- Dependence on the Chinese automotive market
- Limited brand recognition outside of China
- Lower R&D investment compared to global competitors
- Potentially vulnerable to intellectual property infringement
- Financial Instability as reflected in its recent history
Opportunities
- Growing demand for EPS systems in NEVs
- Expansion into international markets
- Strategic partnerships with global automotive manufacturers
- Increased R&D investment in advanced steering technologies
- Government support for the automotive industry in China
Threats
- Intense competition from global automotive suppliers
- Fluctuations in raw material prices
- Economic slowdown in China
- Technological disruptions in the automotive industry
- Trade tensions and tariffs
Competitors and Market Share
Key Competitors
- BOSCH (Bosch)
- JTEKT (7215.T)
- Nexteer (NXTR)
Competitive Landscape
CAAS faces competition from global giants like Bosch and JTEKT, as well as smaller local players. Its advantages include its cost-effective manufacturing and strong domestic market presence, while its disadvantages include its limited brand recognition and lower R&D spending.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been erratic, influenced by macroeconomic factors, competition, and technological shifts in the automotive industry.
Future Projections: Future growth projections are dependent on the continued growth of the Chinese automotive market, particularly the NEV sector, and CAAS's ability to compete effectively. Analysts may provide revenue and earnings forecasts, but these should be viewed with caution.
Recent Initiatives: Recent strategic initiatives may include investments in R&D for EPS and autonomous driving technologies, expansion into new markets, and partnerships with other automotive companies.
Summary
China Automotive Systems Inc. is a prominent player in the Chinese automotive steering market, but faces challenges related to competition, financial inconsistency, and reliance on a single market. They are attempting to capitalize on the growth in the NEV market. The company needs to strengthen its financials and adapt to changing technology. Investors should carefully evaluate the risks before investing.
Similar Companies
Sources and Disclaimers
Data Sources:
- Company website
- SEC filings (when available)
- Market research reports
- Industry news articles
- Financial databases
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on thorough research and consultation with a financial advisor. Market share data are estimates and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About China Automotive Systems Inc
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2003-10-07 | President, CEO & Director Mr. Qizhou Wu | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees - | Website https://www.caasauto.com |
Full time employees - | Website https://www.caasauto.com | ||
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.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.