CHINA AUTOMOTIVE SYSTEMS, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.53 USD | -1.12% |
|
-3.29% | +9.29% |
| Apr. 18 | Volvo Cars, CATL Sign Preliminary Battery-Recycling Deal | DJ |
| Apr. 11 | Brilliance China Automotive Names CEO | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 77.21 | 98.92 | 192.5 | 82.68 | 175.1 | 97.5 |
| Enterprise Value (EV) 1 | 47.01 | 79.11 | 134.9 | -1.911 | 87.74 | 21.24 |
| P/E ratio | 32.5 x | 9.95 x | -38.9 x | 7.48 x | 8.41 x | 2.59 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.16 x | 0.23 x | 0.46 x | 0.17 x | 0.33 x | 0.17 x |
| EV / Revenue | 0.09 x | 0.18 x | 0.32 x | -0 x | 0.17 x | 0.04 x |
| EV / EBITDA | 3.49 x | 3.38 x | 9.61 x | -0.06 x | 2.64 x | 0.37 x |
| EV / FCF | 4.65 x | -11.2 x | 3.17 x | -0.11 x | 16.3 x | -1.57 x |
| FCF Yield | 21.5% | -8.97% | 31.5% | -912% | 6.15% | -63.8% |
| Price to Book | 0.27 x | 0.34 x | 0.63 x | 0.26 x | 0.56 x | 0.28 x |
| Nbr of stocks (in thousands) | 31,644 | 31,403 | 30,852 | 30,852 | 30,196 | 30,186 |
| Reference price 2 | 2.440 | 3.150 | 6.240 | 2.680 | 5.800 | 3.230 |
| Announcement Date | 3/28/19 | 5/14/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 496.2 | 431.4 | 417.6 | 498 | 529.6 | 576.4 |
| EBITDA 1 | 13.46 | 23.39 | 14.04 | 33.02 | 33.18 | 57.95 |
| EBIT 1 | -3.353 | 5.548 | -8.02 | 5.907 | 8.009 | 39.24 |
| Operating Margin | -0.68% | 1.29% | -1.92% | 1.19% | 1.51% | 6.81% |
| Earnings before Tax (EBT) 1 | -1.386 | 8.965 | -8.108 | 14.73 | 25.42 | 47.88 |
| Net income 1 | 2.377 | 9.959 | -4.98 | 11.05 | 21.18 | 37.66 |
| Net margin | 0.48% | 2.31% | -1.19% | 2.22% | 4% | 6.53% |
| EPS 2 | 0.0751 | 0.3166 | -0.1602 | 0.3582 | 0.6900 | 1.248 |
| Free Cash Flow 1 | 10.1 | -7.094 | 42.54 | 17.42 | 5.393 | -13.54 |
| FCF margin | 2.04% | -1.64% | 10.19% | 3.5% | 1.02% | -2.35% |
| FCF Conversion (EBITDA) | 75.03% | - | 303.04% | 52.76% | 16.25% | - |
| FCF Conversion (Net income) | 424.96% | - | - | 157.67% | 25.46% | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/28/19 | 5/14/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 108.2 | 138.8 | 136.4 | 127.2 | 137.2 | 128.8 | 142.2 |
| EBITDA 1 | 7.16 | 8.075 | 4.669 | 13 | 10.28 | 5.173 | 12.6 |
| EBIT 1 | 0.591 | 0.6 | -1.538 | 7.2 | 4.887 | -2.598 | 7.744 |
| Operating Margin | 0.55% | 0.43% | -1.13% | 5.66% | 3.56% | -2.02% | 5.44% |
| Earnings before Tax (EBT) 1 | 1.922 | 0.4 | 3.594 | 12.18 | 10.01 | -2.742 | 8.575 |
| Net income 1 | -0.317 | 5 | -0.059 | 9.428 | 7.47 | 4.342 | 6.82 |
| Net margin | -0.29% | 3.6% | -0.04% | 7.41% | 5.44% | 3.37% | 4.79% |
| EPS 2 | -0.0100 | 0.1600 | - | 0.3100 | 0.2400 | 0.1400 | 0.2300 |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 11/12/21 | 3/30/22 | 5/23/22 | 8/12/22 | 11/14/22 | 3/30/23 | 5/12/23 |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 30.2 | 19.8 | 57.6 | 84.6 | 87.4 | 76.3 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 10.1 | -7.09 | 42.5 | 17.4 | 5.39 | -13.5 |
| ROE (net income / shareholders' equity) | 0.03% | 2.73% | -3.26% | 3.26% | 6.72% | 12.3% |
| ROA (Net income/ Total Assets) | -0.3% | 0.51% | -0.73% | 0.52% | 0.7% | 3.31% |
| Assets 1 | -798.5 | 1,939 | 679.5 | 2,132 | 3,028 | 1,137 |
| Book Value Per Share 2 | 9.040 | 9.280 | 9.830 | 10.40 | 10.30 | 11.40 |
| Cash Flow per Share 2 | 2.730 | 2.460 | 3.150 | 4.270 | 4.020 | 3.800 |
| Capex 1 | 25.8 | 34.4 | 15.8 | 9.26 | 20.3 | 18.2 |
| Capex / Sales | 5.19% | 7.97% | 3.79% | 1.86% | 3.83% | 3.16% |
| Announcement Date | 3/28/19 | 5/14/20 | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +9.29% | 107M | |
| +9.91% | 4.21B | |
| +226.41% | 3.18B | |
| -24.08% | 3.15B | |
| +5.57% | 2.75B | |
| +33.25% | 2.24B | |
| -27.98% | 2.04B | |
| -20.08% | 1.26B | |
| -15.08% | 1.24B | |
| +50.22% | 1.13B |
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