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CAAS logo CAAS
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CAAS logo

China Automotive Systems Inc (CAAS)

Upturn stock ratingUpturn stock rating
$4.08
Last Close (24-hour delay)
Profit since last BUY-3.77%
upturn advisory
Consider higher Upturn Star rating
BUY since 16 days
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Upturn Advisory Summary

06/30/2025: CAAS (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $7.5

1 Year Target Price $7.5

Analysts Price Target For last 52 week
$7.5Target price
Low$
Current$4.08
high$

Analysis of Past Performance

Type Stock
Historic Profit -39.5%
Avg. Invested days 35
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 124.00M 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) -
Beta 2.55
52 Weeks Range 2.85 - 5.37
Updated Date 06/30/2025
52 Weeks Range 2.85 - 5.37
Updated Date 06/30/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.96

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 4.25%
Operating Margin (TTM) 5.17%

Management Effectiveness

Return on Assets (TTM) 3.04%
Return on Equity (TTM) 9.37%

Valuation

Trailing PE 4.28
Forward PE 14.88
Enterprise Value 221345585
Price to Sales(TTM) 0.18
Enterprise Value 221345585
Price to Sales(TTM) 0.18
Enterprise Value to Revenue 0.33
Enterprise Value to EBITDA 3.34
Shares Outstanding 30170700
Shares Floating 10622501
Shares Outstanding 30170700
Shares Floating 10622501
Percent Insiders 64.77
Percent Institutions 4.34

Analyst Ratings

Rating -
Target Price 7.5
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

China Automotive Systems Inc

stock logo

Company Overview

overview logo History and Background

China Automotive Systems, Inc. (CAAS) was founded in 1993 and is headquartered in Jingzhou, China. It is a leading supplier of power steering systems and components for the Chinese automotive market. The company has grown through strategic partnerships, technological innovation, and expansion of its product line.

business area logo Core Business Areas

  • Hydraulic Power Steering (HPS) Systems: CAAS designs and manufactures hydraulic power steering systems for passenger vehicles, light-duty trucks, and specialty vehicles.
  • Electric Power Steering (EPS) Systems: CAAS develops and produces electric power steering systems, which offer improved fuel efficiency and enhanced steering control.
  • Power Steering Components: CAAS manufactures and sells power steering components, including pumps, gears, and hoses, to original equipment manufacturers (OEMs) and aftermarket customers.

leadership logo Leadership and Structure

CAAS is led by its Chairman and CEO. The company has a management team overseeing different functional areas, including operations, finance, and sales. The organizational structure is designed to support its manufacturing and distribution activities across China.

Top Products and Market Share

overview logo Key Offerings

  • Hydraulic Power Steering (HPS) Systems: HPS systems are a core product for CAAS. They represent a significant portion of the company's revenue. Competitors include Bosch, ZF, and JTEKT. Due to the global shift towards EPS, HPS market share is decreasing. Revenue generation has been declining in recent years.
  • Electric Power Steering (EPS) Systems: EPS systems are a growth area for CAAS. They are gaining popularity due to their fuel efficiency and advanced features. Competitors include Bosch, ZF, and Nexteer. Market share is increasing as the demand for EPS grows, revenue is also growing for this sector.
  • Power Steering Gears and Pumps: This includes components that go into Power Steering and EPS systems for light and heavy vehicles. Competitors in this space include global players like Bosch and local players.

Market Dynamics

industry overview logo Industry Overview

The automotive steering systems industry is evolving rapidly, with a growing emphasis on electric power steering (EPS) and autonomous driving technologies. The market is competitive, with global players and domestic Chinese manufacturers vying for market share.

Positioning

CAAS is positioned as a leading supplier of power steering systems in China, with a strong focus on domestic OEMs. The company is investing in EPS technology to maintain its competitiveness in the changing market landscape. The company faces competition from both international firms (Bosch, ZF, Nexteer) and domestic firms.

Total Addressable Market (TAM)

The global automotive steering system market is expected to reach over $40 billion by 2025. CAAS primarily caters to the Chinese domestic market and aims to increase its presence within this TAM.

Upturn SWOT Analysis

Strengths

  • Strong relationships with Chinese OEMs
  • Established manufacturing infrastructure
  • Competitive pricing
  • Focus on domestic market

Weaknesses

  • Heavy reliance on Chinese market
  • Lower R&D spending compared to global competitors
  • Slower adoption of advanced technologies
  • Limited global presence

Opportunities

  • Growing demand for EPS systems in China
  • Expansion into new vehicle segments
  • Strategic partnerships with international companies
  • Increasing automotive production in Asia

Threats

  • Intense competition from global players
  • Fluctuations in raw material prices
  • Changing automotive industry regulations
  • Economic slowdown in China

Competitors and Market Share

competitor logo Key Competitors

  • MTS (MTS)
  • ZF (ZFGN.DE)
  • NSK (NSKKY)

Competitive Landscape

CAAS faces strong competition from global players with advanced technology and established market presence. The company's advantages include its strong relationships with domestic OEMs and its competitive pricing. CAAS has disadvantages that include lower R&D spending compared to global competitors and slower adoption of advanced technologies.

Major Acquisitions

Telxon Technologies

  • Year: 2013
  • Acquisition Price (USD millions): 10
  • Strategic Rationale: Acquired the electrical equipment manufacturers to expand the product line

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been tied to the growth of the Chinese automotive market, with periods of rapid expansion and periods of slower growth.

Future Projections: Future growth depends on CAAS's ability to capture market share in the EPS segment and expand its customer base. Analyst estimates vary based on market conditions and company performance.

Recent Initiatives: Recent initiatives include investments in EPS technology, expansion of production capacity, and strategic partnerships with OEMs.

Summary

China Automotive Systems is a key player in the Chinese automotive steering market, benefiting from strong OEM relationships. While it faces intense competition from global giants, CAAS is strategically investing in EPS to capitalize on growing demand. However, it needs to address its heavy reliance on the Chinese market and enhance its R&D efforts. Fluctuations in raw material prices and the Chinese economy pose risks.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company reports
  • Industry analysis reports
  • Financial news sources

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Market conditions and company performance are subject to change. Financial data may be delayed. Market share percentages are estimates.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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 4313
Full time employees 4313

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. The company 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. It also provides automotive motors and electromechanical integrated systems; polymer materials; and intelligent automotive technology research and development services. In addition, the company offers 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. It primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. is headquartered in Jingzhou, the People's Republic of China.