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China Automotive Systems Inc. (CAAS)

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China Automotive. 4,82 $ +1,26% Perf. seit Threadbeginn:   -23,84%
 
China Automotive Systems Inc. (CAAS) Chalifmann3
Chalifmann3:

China Automotive Systems Inc. (CAAS)

 
27.11.16 18:30
#1
WUHAN, China, Nov. 16, 2016 /PRNewswire/ -- China Automotive Systems, Inc. (CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced it has begun commercial production of steering gears to supply to Fiat Chrysler Automobiles' (NYSE: FCAU or "FCA") electric power steering (EPS) systems for a new C-SUV model set to launch in 2017.

The Company has begun shipping these newly designed steering gears from its brand new, state-of-the-art, automated assembly plant located in Jingzhou, Hubei Province, China to FCA's new C-SUV assembly plant in Toluca, Mexico.

Mr. Qizhou Wu, Chief Executive Officer of CAAS, commented, "We have been in Chrysler's global sourcing program since 2009. In the past 7 years, as a key tier-one supplier, we have won a number of accolades for our superior quality and outstanding performance in Chrysler's award winning models. As a result, our business in the North American market has exceeded 500,000 units of steering products on an annual basis. We continue to expand our product portfolio and production capabilities to extend our market leadership in China."

"We remain upbeat with the prospects of our EPS business at home and abroad. Our EPS systems execute lane-keeping and self-parking functionalities, which are the cornerstones for driverless vehicles. We are well positioned for more opportunities and collaboration with OEMs and technology companies," Mr. Wu concluded.

About China Automotive Systems, Inc.

Based in Hubei Province, the People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through eight Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 5.5 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Chrysler Group LLC in North America. For more information, please visit: www.caasauto.com.
China Automotive Systems Inc. (CAAS) Chalifmann3

Zacks

 
#2
3 Reasons Why China Automotive Systems (CAAS) is a Great Value Stock
[Zacks]
Zacks Equity Research
ZacksNovember 17, 2016

Many investors like to look for value in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score systemwe have identified the key statistics to pay close attention to and thus which stocks might be the best for value investors in the near term.

This method discovered several great candidates for value-oriented investors, but today let’s focus on China Automotive Systems Inc. (CAAS) as this stock is looking especially impressive right now. And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for CAAS’s status as a solid value stock below:

Forward PE for China Automotive Systems

Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. Generally speaking, value investors like to see this ratio below 20, though it can vary by industry.

Right now, CAAS has a forward PE of just 5.85, which means that investors are paying $5.85 for each dollar in expected China Automotive Systemsearnings this year. Compared to the industry at large this is pretty favorable as the overall space has an average PE of 11.05 in comparison.


Price/Cash Flow for China Automotive Systems

An often overlooked ratio that can still be a great indicator of value is the price/cash flow metric. This reading is preferred by some since it avoids amortization and depreciation concerns and can give a more accurate picture of the financial health in a business.

The P/CF ratio for CAAS comes in at 5.95, and since investors are generally looking for a reading under 20 here, this is pretty good news. Meanwhile, we should also point out that the industry average for this metric is 7.61, so China Automotive Systemshas its peers beat in this regard too.

CAAS Earnings Estimate Revisions Moving in the Right Direction

The solid value ratios outlined in the preceding paragraphs might be enough for some investors, but we should also note that the earnings estimate revisions have been trending in a positive direction as well. Analysts who follow CAAS stock have been raising their estimates for the company lately, meaning that the EPS picture is looking a bit more favorably for China Automotive Systemsnow.

Over the past 30 days, 1 earnings estimate has gone higher compared to none lower for the full year, while we are also seeing that 1 estimate has moved upwards with no downward revision for the next year time frame too.  These revisions have helped to boost the consensus estimate as 30 days ago CAAS was expected to post earnings of 64 cents per share for the full year though today it looks to have EPS of 72 cents for the full year.

Bottom Line

For the reasons detailed above, investors shouldn’t be surprised to read that we have CAAS as a stock with a Value Score of ‘A’ and a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So if you are a value investor, definitely keep CAAS on your short list as this looks to be a stock that is very well-positioned for gains in the near term


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  1 China Automotive Systems Inc. (CAAS) Chalifmann3 Chalifmann3 27.11.16 18:32
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