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China Automotive Systems, Inc.

CAAS Consumer Cyclical Auto Parts

China Automotive Systems, Inc.’s revenue for fiscal 2024 (year ended December 2024) was $650.9 million, up 12.9% from fiscal 2023.

Revenue
+11.1%
EPS
+4.17%
Free cash flow
+443.5%

Quarter to June 2025, against a year earlier

4.20 0.09 −2.10%
Market cap
$124.6M
P/E
4.3×
Fwd P/E
8.0×
Dividend yield
0.00%
F-score
5/9
Altman Z
1.79
Beneish M
−1.96
Dividend safety
32/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 64.77%

Capital & Financial Ratios $m

Size
Market Cap 124.60
Revenue ttm 696.27
Net income ttm 38.71
Free cash flow ttm 17.18
Net debt Q (30.25)
Valuation
P/E 4.33
Forward P/E 7.95
Price / sales 0.18
Forward P/S Powerpack
Price / FCF 7.38
Price / book 0.31
Financial health
Current ratio Q 1.40
Debt / equity Q 0.18 (at or below 0.5: strong)
Interest coverage Q 44.47
Growth
Revenue growth Q +11.12% (above 0%: growing)
Operating income growth Q +20.16% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A +2.89%
EPS, past 5 yrs —
EPS, next 5 yrs A +10.00%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.1×, against a ten-year median of 0.2×; over the ten years it ranged from 0.0× in 2020 to 0.8× in 2020.
P/E against its own 10 years 20.52%
10-year low 10-year high
P/S against its own 10 years 23.36%
10-year low 10-year high
P/B against its own 10 years 34.25%
10-year low 10-year high
EV/Sales against its own 10 years 33.71%
10-year low 10-year high
EV/FCF against its own 10 years 49.88%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
0.00%

Assets vs Liabilities $m

2022 2023 2024 Q'25
Cash 134 126 85 102
Receivables 224 269 343 294
Inventory 112 112 113 117
Other 38 41 49 87
521 564 603 600
2022 2023 2024 Q'25
Payables 235 254 293 270
ST’ Debt 46 48 73 72
Other 6 9 4 27
364 384 456 429

Compound Annual Growth %

10y 5y 3y
Sales 3.38% 8.57% 9.34%
Cash Flow (14.29%) (20.25%) (29.81%)
Earnings (1.12%) 24.65% 39.47%
Book Value 2.72% 4.72% 4.98%

Earnings Trends EPS, adjusted, against the consensus

Mar 2023 Estimate 0.12 Actual 0.23

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Mar 2022 0.07 0.00 Miss by 0.07
Jun 2022 −0.05 0.31 Beat by 0.36
Sep 2022 0.04 0.24 Beat by 0.20
Mar 2023 0.12 0.23 Beat by 0.11

EPS $

Mar Jun Sep Dec Year
’26 0.24 0.25 — — —
’24 0.27 0.24 0.18 0.30 0.99
’23 0.23 0.35 0.31 0.36 1.25
’22 0.00 0.31 0.24 0.14 0.69
’21 0.10 0.10 (0.01) 0.16 0.36
’20 0.00 (0.13) 0.08 (0.10) (0.16)
’19 0.05 0.08 0.13 0.06 0.32
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 167 176 — — —
’24 139 159 164 189 651
’23 142 137 138 159 576
’22 136 127 137 129 530
’21 130 121 108 139 498
’20 74 83 114 146 418
’19 109 106 101 116 431
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 18 31 — — —
’24 10 (1) 7 (7) 10
’23 (1) 1 11 9 20
’22 (4) 19 17 16 48
’21 (1) 6 (11) 34 28
’20 29 2 21 5 57
’19 (18) (8) 30 26 30
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 8 23 — — —
’24 6 (7) 0 (13) (14)
’23 (5) (3) 4 4 1
’22 (5) 12 14 8 29
’21 (4) 6 (13) 30 19
’20 28 0 18 (3) 42
’19 (27) (9) 17 16 (4)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Jun ’25 Trend 10 yrs 2025e 2026e 2027e Next 3/yr
Income, $m
Income, $m Revenue — 462 499 496 431 418 498 530 576 651 696 +4.4% — — — —
Gross margin, % — 17.51 16.96 13.18 14.68 13.25 14.47 15.75 18.00 16.77 16.51 (0.7) pt
EBT — 25 20 (3) 8 (12) 8 23 48 44 48 +7.4%
EBT margin, % — 5.39 4.08 (0.50) 1.75 (2.92) 1.69 4.35 8.37 6.78 6.87 +1.4 pt
Net income — 23 (19) 0 8 (10) 11 22 43 38 39 +6.5%
Per share, $
Per share, $ Revenue — 14.46 15.77 15.68 13.71 13.44 16.14 17.28 19.09 21.56 23.08 +5.1%
Earnings — 0.70 (0.61) 0.08 0.32 (0.16) 0.36 0.69 1.25 0.99 0.97 +4.4%
Cash flow — 0.37 1.55 0.40 0.96 1.85 0.92 1.57 0.66 0.32 1.65 (1.7%)
Capex — (1.20) (0.79) (0.79) (1.09) (0.48) (0.32) (0.62) (0.63) (0.79) (1.08) (5.1%)
Free cash flow — (0.83) 0.75 (0.39) (0.13) 1.36 0.60 0.95 0.03 (0.47) 0.57 (6.9%)
Book value — 9.57 9.67 9.63 9.84 10.28 10.92 10.67 12.18 12.91 13.62 +3.8%
Shares, m — 32 32 32 31 31 31 31 30 30 30 (0.7%)
Valuation, ×
Valuation, × P/E — 7.61 0.00 30.50 9.84 0.00 7.66 8.48 2.54 4.14 4.33 7.9
P/S — 0.37 0.31 0.16 0.23 0.46 0.17 0.34 0.17 0.19 0.18 0.3
P/B — 0.56 0.50 0.25 0.32 0.61 0.25 0.55 0.26 0.32 0.31 0.4
EV/Sales — 0.33 0.27 0.07 0.17 0.32 0.00 0.18 0.03 0.21 0.14 0.2
EV/FCF — (5.73) 5.61 (2.85) (18.24) 3.18 (0.06) 3.22 22.05 (9.86) 5.64 (0.3)
Cash, $m
Cash, $m Operating cash flow — 12 49 13 30 57 28 48 20 10 50 (2.4%)
Capex — (38) (25) (25) (34) (15) (10) (19) (19) (24) (33) (5.7%)
Free cash flow — (27) 24 (12) (4) 42 19 29 1 (14) 17 (7.6%)
Balance, $m
Balance, $m Working capital — 153 159 154 138 121 150 157 180 146 171 (0.6%)
Net debt — (20) (21) (41) (25) (59) (84) (86) (76) (12) (30) (6.5%)
Shareholders’ equity — 306 306 305 310 319 337 327 368 390 411 +3.1%
Returns, %
Returns, % ROA — 3.63 (2.87) 0.34 1.48 (0.73) 1.55 2.96 5.09 3.71 3.60 +0.1 pt
ROIC — 5.03 4.22 (0.69) 1.36 (1.96) 1.36 2.06 8.41 6.65 6.80 +1.6 pt
ROE — 7.34 (6.32) 0.78 3.24 (1.58) 3.37 6.38 10.84 7.91 7.25 +0.6 pt
People
People Employees — 4,505 5,319 4,711 4,039 4,688 3,949 4,093 4,095 4,370 — (0.4%)
Revenue/emp, $m — 0.10 0.09 0.11 0.11 0.09 0.13 0.13 0.14 0.15 — +4.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2024 · latest quarter Jun 2025

China Automotive Systems, Inc. vs peers in Auto Parts (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ECX ECARX Holdings, Inc. $285.3M — (loss-making) — (loss-making) +44.73% (above 0%: growing) n/m +46.10% (above 0%: growing) 19.76% (2.75%) Compare
STRT Strattec Security Corporation $243.5M 14.4× 14.7× −3.41% (below 0%: shrinking) −41.90% (below 0%: shrinking) −2.22% (below 0%: shrinking) 16.52% 4.36% Compare
MVST Microvast Holdings, Inc. $221.6M 3.4× — (loss-making) −4.46% (below 0%: shrinking) n/m −132.01% (below 0%: shrinking) 29.54% (1.97%) Compare
MPAA Motorcar Parts of America, Inc. $192.3M — (loss-making) 13.7× −10.80% (below 0%: shrinking) n/m −277.97% (below 0%: shrinking) 16.17% 2.10% Compare
SRI Stoneridge, Inc. $136.3M — (loss-making) — (loss-making) −20.43% (below 0%: shrinking) n/m +3.35% (above 0%: growing) 20.31% (0.65%) Compare
CVGI Commercial Vehicle Group, Inc. $132.8M — (loss-making) — (loss-making) +36.46% (above 0%: growing) n/m +117.41% (above 0%: growing) 13.50% 3.68% Compare
CAAS China Automotive Systems, Inc. $124.6M 4.3× 8.0× +11.12% (above 0%: growing) +4.17% (above 0%: growing) +443.53% (above 0%: growing) 17.33% 7.37%
MWC Micware Co., Ltd. - Sponsored ADR $62.4M — — — — — — — Compare
INVZ Innoviz Technologies Ltd. $58.7M — (loss-making) — (loss-making) +85.53% (above 0%: growing) n/m −108.46% (below 0%: shrinking) 3.85% (101.86%) Compare
Median of peers $164.3M — — −3.41% — −2.22% 16.52% (0.65%)

All 55 Auto Parts stocks →

China Automotive Systems, Inc. (CAAS) Latest News

9 Oct

Impact 4 · · PR Newswire

5 Oct

Impact 4 · · PR Newswire

13 Aug

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Impact 3 · · Associated Press Finance

18 May

Impact 3 · · PR Newswire

23 Apr

Impact 4 · · The Motley Fool transcript
Impact 3 · · MarketBeat

22 Apr

Impact 5 · · PR Newswire
Impact 3 · · Moby

10 Apr

Impact 4 · · The Motley Fool transcript
Impact 4 · · The Motley Fool transcript

26 Jan

Impact 3 · · Simply Wall St.

6 Jan

Impact 4 · · PR Newswire

5 Jan

Impact 4 · · Simply Wall St.

17 Dec

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15 Dec

Impact 4 · · Simply Wall St.

5 Dec

Impact 4 · · PR Newswire

19 Nov

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12 Nov

Impact 4 · · Associated Press FinanceMT NewswiresAssociated Press FinanceAssociated Press FinanceAssociated Press Finance
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3 Nov

Impact 4 · · PR Newswire

21 Oct

Impact 4 · · PR NewswireJust AutoJust AutoReutersJust Auto

25 Sep

Impact 4 · · GlobeNewswireCFO.comInternational Accounting BulletinThe Daily UpsideInternational Accounting BulletinCFO.comInternational Accounting BulletinWealth Management

11 Sep

Impact 4 · · PR Newswire

15 Aug

Impact 3 · · Simply Wall St.

14 Aug

Impact 4 · · GuruFocus.com

5 Aug

Impact 4 ·
stockrow.com/CAAS · Data as of Jun 30, 2025 · For information only; not investment advice. · © 2026 stockrow.com