China Automotive Systems, Inc. Common Stock (CAAS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 24	$0.15	$0.24	+60.0%	—	$158.6M	—
Q4 23	—	$0.36	—	—	$159.2M	—
Q3 23	—	$0.31	—	—	$137.5M	—
Q2 23	—	$0.35	—	—	$137.4M	—
Q1 23	$0.12	$0.23	+91.7%	—	$142.2M	—
Q4 22	$0.07	$0.14	+100.0%	—	$128.8M	—
Q3 22	$0.04	$0.24	+500.0%	—	$137.2M	—
Q2 22	-$0.05	$0.31	+720.0%	—	$127.2M	—
Q4 21	$0.06	$0.16	+166.7%	—	$138.8M	—
Q3 21	$0.05	-$0.01	-120.0%	—	$108.2M	—
Q2 21	$0.07	$0.1	+42.9%	—	$120.6M	—
Q1 21	$0.03	$0.1	+233.3%	—	$130.3M	—
Q4 20	$0.01	$0.04	+300.0%	—	$146.5M	—
Q3 20	$0.01	$0.08	+700.0%	—	$114.4M	—
Q2 20	-$0.04	-$0.13	-225.0%	—	$83.2M	—
Q1 20	$0.04	$0.06	+50.0%	—	$73.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.42	—	—	$765.7M	—
FY24	—	$0.99	—	—	$650.9M	—
FY23	—	$1.25	—	—	$576.4M	—
FY22	—	$0.69	—	—	$529.6M	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$462.1M	$499.1M	$496.2M	$431.4M	$417.6M	$498M	$529.6M	$576.4M	$650.9M	$765.7M
YoY change	+4.17%	+8.01%	-0.58%	-13%	-3.2%	+19.2%	+6.34%	+8.84%	+12.9%	+17.6%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	462.1M	499.1M	496.2M	431.4M	417.6M	498M	529.6M	576.4M	650.9M	765.7M
Cost of revenue	381.1M	414.4M	430.7M	368.1M	362.3M	425.9M	446.2M	472.6M	541.8M	620.3M
Gross profit	80.9M	84.6M	65.4M	63.4M	55.3M	72.1M	83.4M	103.8M	109.2M	145.5M
Gross margin	17.5%	17%	13.2%	14.7%	13.3%	14.5%	15.7%	18%	16.8%	19%
Research & development	27.7M	33.5M	33.6M	28M	25.7M	28.2M	36.1M	29.2M	27.6M	45.1M
Selling, general & administrative	29.8M	34.6M	34.1M	30.9M	31.1M	35.3M	34.4M	35M	40.6M	45.5M
Operating expenses	55M	61.4M	63.2M	53M	50.9M	59.6M	64.2M	55.6M	60.3M	82.7M
Operating income	23M	19.3M	-1.2M	8.3M	-5.3M	6.1M	11.7M	43M	45.3M	59.5M
Operating margin	4.98%	3.86%	-0.24%	1.92%	-1.28%	1.22%	2.21%	7.46%	6.96%	7.77%
Non-operating income, net	1.1M	-100K	-87K	615K	-6.7M	2.9M	11.9M	4.9M	-1.4M	2.3M
Pretax income	24.9M	20.4M	-2.5M	7.6M	-12.2M	8.4M	23M	48.2M	44.1M	61.4M
Income tax	2.5M	41.6M	-1.5M	586K	2.2M	4M	3.1M	5.1M	5.9M	11.6M
Net income	23M	-18.6M	79K	8.4M	-10.3M	10.7M	22.3M	42.7M	37.9M	51.9M
Net margin	4.97%	-3.73%	0.02%	1.94%	-2.46%	2.15%	4.22%	7.42%	5.82%	6.78%
EBITDA	39.5M	38.3M	17.3M	27.8M	18.1M	38.4M	37.9M	63.1M	67.6M	75.2M
EPS	0.7	-0.61	0.08	0.32	-0.16	0.36	0.69	1.25	0.99	1.42
Diluted EPS	0.7	-0.61	0.08	0.32	-0.16	0.36	0.69	1.25	0.99	1.42

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25
Revenue	142.2M	137.4M	137.5M	159.2M	139.4M	158.6M	164.2M	188.7M	167.1M	176.2M	193.2M	229.2M
Cost of revenue	120.6M	114.7M	112.8M	124.5M	115.3M	129.3M	137.9M	159.3M	138.5M	145.7M	159.8M	176.2M
Gross profit	21.6M	22.7M	24.8M	34.7M	24.1M	29.3M	26.4M	29.5M	28.6M	30.5M	33.4M	53M
Gross margin	15.2%	16.5%	18%	21.8%	17.3%	18.5%	16%	15.6%	17.1%	17.3%	17.3%	23.1%
Research & development	6.4M	6.6M	6.9M	9.3M	5.3M	8.2M	6.4M	7.8M	8.7M	8.1M	10.4M	17.8M
Selling, general & administrative	8.1M	9.1M	9.9M	7.9M	9.6M	12M	9.4M	9.5M	12.4M	9.9M	10.8M	12.4M
Operating expenses	13.9M	15.7M	14.6M	12.2M	14.4M	20.2M	15.3M	12.2M	19.9M	18M	19.5M	25.8M
Operating income	7.7M	7M	10.2M	17.3M	9.7M	9.1M	11.1M	13.8M	8.6M	12.5M	13.9M	24M
Operating margin	5.44%	5.13%	7.38%	10.9%	6.92%	5.73%	6.76%	7.29%	5.17%	7.11%	7.2%	10.5%
Non-operating income, net	937K	6.4M	1M	-2.7M	2M	2.4M	672K	-4.8M	3.6M	2.3M	1.3M	-2M
Pretax income	8.6M	13.4M	11.2M	15M	11.8M	11.7M	11.9M	8.8M	12.1M	15.1M	14.9M	19.4M
Income tax	829K	1.5M	688K	2.1M	1.7M	2.1M	4M	-2M	2.9M	4M	3.2M	1.4M
Net income	7.9M	11.5M	11.2M	12.1M	9.3M	8.8M	8.1M	11.8M	8.5M	10.4M	11.8M	21.3M
Net margin	5.54%	8.35%	8.18%	7.63%	6.65%	5.52%	4.92%	6.26%	5.06%	5.88%	6.1%	9.3%
EBITDA	14.2M	14.7M	15.7M	18.4M	17.5M	17.6M	17.5M	14.9M	15.5M	18.2M	15.3M	19.8M
EPS	0.23	0.35	0.31	—	0.27	0.24	0.18	—	0.24	0.25	0.32	—
Diluted EPS	0.23	0.35	0.31	—	0.27	0.24	0.18	—	0.24	0.25	0.32	—

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	171.3M	151.9M	77.2M	99.1M	193.9M	82.7M	177.7M	97.5M	123.8M	128.5M	128.5M
Enterprise value	230.1M	214.6M	115.6M	140.7M	211.2M	79M	174.8M	114.3M	207.8M	160M	160M
Shares outstanding	32M	31.6M	31.6M	31.5M	31.1M	30.9M	30.6M	30.2M	30.2M	30.2M	30.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	7.45	—	977.4	11.8	—	7.71	7.95	2.28	3.27	2.48	2.48
P/S	0.37	0.3	0.16	0.23	0.46	0.17	0.34	0.17	0.19	0.17	0.17
P/B	0.56	0.5	0.25	0.32	0.61	0.25	0.54	0.26	0.32	0.29	0.29
EV/EBITDA	5.82	5.61	6.67	5.05	11.7	2.06	4.61	1.81	3.08	2.13	2.13
EV/Sales	0.5	0.43	0.23	0.33	0.51	0.16	0.33	0.2	0.32	0.21	0.21
Earnings yield	13.4%	—	0.1%	8.46%	—	13%	12.6%	43.8%	30.6%	40.4%	40.4%
FCF yield	-16.3%	14.2%	-17.4%	-5.66%	21.1%	22.2%	15.5%	-1.82%	-28%	55.5%	55.5%

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	17.5%	17%	13.2%	14.7%	13.3%	14.5%	15.7%	18%	16.8%	19%	19%
Operating margin	4.98%	3.86%	-0.24%	1.92%	-1.28%	1.22%	2.21%	7.46%	6.96%	7.77%	7.77%
Net margin	4.97%	-3.73%	0.02%	1.94%	-2.46%	2.15%	4.22%	7.42%	5.82%	6.78%	6.78%
ROE	7.51%	-6.09%	0.03%	2.71%	-3.21%	3.18%	6.82%	11.6%	9.72%	11.5%	11.5%
ROA	3.64%	-2.6%	0.01%	1.27%	-1.45%	1.5%	3.13%	5.58%	4.46%	5.18%	5.18%
ROIC	5.68%	0%	-0.35%	2.18%	-1.58%	0.95%	3.12%	9.98%	8.29%	10%	10%
Return on tangible assets	4.29%	-3.16%	0.01%	1.32%	-1.5%	1.55%	3.23%	5.77%	4.59%	5.35%	5.35%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.47	1.43	1.45	1.45	1.34	1.43	1.43	1.47	1.32	1.36	1.36
Quick ratio	1.26	1.21	1.19	1.18	1.09	1.09	1.12	1.18	1.07	1.13	1.13
Debt / equity	0.39	0.51	0.47	0.4	0.39	0.38	0.4	0.39	0.43	0.46	0.46
Debt / assets	0.19	0.22	0.21	0.19	0.18	0.18	0.18	0.19	0.2	0.21	0.21
Net debt / EBITDA	1.49	1.64	2.22	1.49	0.95	-0.1	-0.08	0.27	1.24	0.42	0.42
Interest coverage	39	12.6	0.15	3.49	-6.66	6.84	16.9	48.2	25.3	37.1	37.1
Effective tax rate	9.97%	100%	0%	7.75%	0%	47.7%	13.4%	10.6%	13.4%	18.9%	18.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	14.5	15.8	15.7	13.7	13.4	16.1	17.3	19.1	21.6	25.4	25.4
EPS (basic)	0.7	-0.61	0.08	0.32	-0.16	0.36	0.69	1.25	0.99	1.42	1.42
EPS (diluted)	0.7	-0.61	0.08	0.32	-0.16	0.36	0.69	1.25	0.99	1.42	1.42
Book value per share	9.57	9.67	9.63	9.84	10.3	10.9	10.7	12.2	12.9	14.9	14.9
FCF per share	-0.87	0.68	-0.42	-0.18	1.31	0.6	0.9	-0.06	-1.15	2.36	2.36
Cash per share	1.93	2.98	3.28	2.62	3.46	4.33	4.38	4.17	2.8	5.9	5.9
Capex per share	1.2	0.79	0.78	1.04	0.46	0.3	0.61	0.51	0.77	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	8.29%	4.98%	4.99%	7.61%	3.43%	1.83%	3.55%	2.68%	3.56%	—	—
Capex / operating cash flow	-1.4K%	109.7%	330.3%	110.6%	29.4%	23%	50.3%	47.8%	1.4K%	—	—
Payout ratio	2.37%	0%	—	0%	-0.86%	0%	—	—	59.2%	4.22%	4.22%
Dividend yield	0.32%	0%	—	0%	0.05%	0%	—	—	18.1%	1.7%	1.7%

Yield

—

trailing twelve months

Frequency

Annual

Last dividend

$0.80

ex-dividend Jul 30, 2024

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 30, 2024	$0.80
Jun 24, 2014	$0.18

Period	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25
Revenue	$142.2M	$137.4M	$137.5M	$159.2M	$139.4M	$158.6M	$164.2M	$188.7M	$167.1M	$176.2M	$193.2M	$229.2M
YoY change	+4.29%	+8.06%	+0.24%	+23.6%	-2%	+15.4%	+19.4%	+18.6%	+19.9%	+11.1%	+17.7%	+21.4%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	61.6M	94.1M	103.9M	82.5M	107.4M	133.5M	134.1M	125.7M	84.5M	177.9M
Receivables	175.4M	186M	167.9M	162.6M	158.6M	161.9M	149.5M	172.4M	262.7M	229.2M
Inventory	68M	79.2M	88M	82.9M	88.3M	116.5M	112.2M	112.4M	112.6M	124.4M
Total current assets	478M	532.6M	495.4M	441.3M	475.7M	501.4M	520.7M	564.1M	602.6M	738.2M
Property, plant & equipment	121M	141M	86M	97.6M	87.1M	61.4M	50.4M	46.6M	46.7M	66.6M
Goodwill & intangibles	96.1M	127.7M	16.3M	23.4M	25M	25.1M	21.7M	26.2M	24.5M	30.5M
Total assets	631.7M	717.4M	690.5M	660.2M	707.6M	716.8M	714.4M	766.4M	850.6M	1B
Accounts payable	144.9M	156.4M	129.1M	116.7M	145.1M	146.1M	150.6M	160.6M	197M	228M
Short-term debt	119.8M	156.6M	142M	116.7M	124.5M	129.7M	130.4M	141.2M	168.4M	203.7M
Total current liabilities	324.7M	373.5M	341.3M	303.8M	354.5M	351.8M	364.2M	383.7M	456.5M	541.4M
Long-term debt	608K	306K	291K	7.4M	149K	22K	783K	1.3M	145K	5.7M
Total liabilities	325.8M	411.2M	385.7M	350.6M	387.6M	379.3M	386.9M	398M	460.8M	551M
Shareholders' equity	305.9M	306.1M	304.8M	309.6M	319.9M	337.4M	327.4M	368.4M	389.8M	450.7M
Total debt	120.4M	156.9M	142.3M	124.1M	124.7M	129.7M	131.2M	142.5M	168.5M	209.4M
Net debt	89.3M	92.3M	55.9M	47.4M	27.4M	-2M	10M	27.8M	111.6M	67.4M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25
Cash & short-term investments	99.2M	95.6M	108.2M	125.7M	112.6M	107.1M	98.3M	84.5M	65.2M	102.2M	139.4M	177.9M
Receivables	164.6M	153.8M	160.2M	172.4M	158.5M	184.4M	195.8M	262.7M	254M	235.3M	298.2M	229.2M
Inventory	105.5M	100.3M	103.2M	112.4M	109.1M	107.4M	108.9M	112.6M	122.4M	116.5M	117.5M	124.4M
Total current assets	528.6M	487.9M	509M	564.1M	570.4M	570.1M	590.1M	602.6M	596.8M	600M	682.7M	738.2M
Property, plant & equipment	39M	36.6M	37.5M	46.6M	35.9M	36.9M	36.9M	46.7M	39.4M	44.3M	120.3M	66.6M
Goodwill & intangibles	19.2M	18.2M	18.1M	26.2M	18.3M	18.1M	18.3M	24.5M	18.6M	18.5M	18.5M	30.5M
Total assets	727.1M	684.6M	708.1M	766.4M	770.7M	785M	829M	850.6M	845.4M	843.7M	939.1M	1B
Accounts payable	142.2M	136.7M	149.1M	160.6M	145.5M	162.1M	178.6M	197M	186.8M	185.1M	316.3M	228M
Short-term debt	143.2M	118.5M	111.6M	141.2M	137.9M	138.5M	153M	168.4M	162.5M	156.4M	81.2M	203.7M
Total current liabilities	364.3M	334.6M	342.7M	383.7M	363.7M	380M	433.5M	456.5M	442M	429M	509.3M	541.4M
Long-term debt	—	—	—	1.3M	—	—	—	145K	85K	—	—	5.7M
Total liabilities	387.3M	350.1M	358.8M	398M	377.8M	386.2M	439.8M	460.8M	446.2M	432.8M	513.3M	551M
Shareholders' equity	339.8M	334.4M	349.3M	368.4M	392.8M	398.8M	389.3M	389.8M	399.2M	410.9M	425.8M	450.7M
Total debt	143.2M	118.5M	111.6M	142.5M	137.9M	138.5M	153M	168.5M	162.6M	156.4M	81.2M	209.4M
Net debt	43.9M	22.9M	3.3M	27.8M	25.4M	31.4M	54.7M	111.6M	97.3M	54.2M	-58.2M	67.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	23M	-18.6M	79K	8.4M	-10.3M	10.7M	22.3M	42.7M	37.9M	51.9M
Depreciation & amortization	13.9M	15.4M	16.8M	17.9M	22.1M	27.1M	25.2M	18.7M	20.2M	14.3M
Stock-based compensation	137K	100K	23K	0	0	88K	0	—	—	—
Change in working capital	-38.3M	21.7M	-6.9M	3.5M	34.5M	-1.1M	-11.5M	-27.8M	-50.4M	32.2M
Operating cash flow	-2.8M	22.7M	7.5M	29.7M	48.8M	39.6M	37.3M	32.3M	1.7M	111.6M
Capital expenditure	-38.3M	-24.9M	-24.7M	-32.8M	-14.3M	-9.1M	-18.8M	-15.4M	-23.1M	—
Investing cash flow	-52.1M	-47.1M	2.6M	-25.8M	-23M	3.6M	-32.6M	-25.2M	-77.1M	8.7M
Dividends paid	-544K	0	—	0	-88K	0	—	—	-22.4M	-2.2M
Share repurchases	-1.9M	0	-300K	-1.3M	-3M	0	-2.4M	0	-68K	0
Financing cash flow	11.8M	57.5M	10.1M	-10.7M	-19.8M	-713K	-51.5M	-54.6M	17.4M	11.5M
Net change in cash	-43.1M	33.1M	20.3M	-6.8M	6M	42.5M	-46.7M	-47.5M	-58.1M	131.8M
Free cash flow	-27.9M	21.6M	-13.4M	-5.6M	40.9M	18.4M	27.5M	-1.8M	-34.7M	71.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25
Net income	8M	4.3M	7.9M	11.5M	11.2M	12.1M	9.3M	8.8M	8.1M	11.8M	8.5M	10.4M
Depreciation & amortization	5.4M	7.8M	4.9M	4.7M	4.1M	5M	5.1M	4.8M	4.7M	5.7M	4.6M	3.6M
Stock-based compensation	0	0	—	—	—	—	—	—	—	—	—	—
Change in working capital	-3M	674K	-12M	-11.2M	-4.2M	-6.4M	-5.5M	-9.7M	-8.4M	-23.6M	2M	15.3M
Operating cash flow	10.4M	11.1M	1.8M	4.1M	10M	10.4M	9M	3.6M	4.4M	-12.2M	18.1M	31M
Capital expenditure	-3.4M	-8.1M	-3.1M	-1.7M	-6.7M	-3.9M	-4.4M	-5M	-7.5M	-6.2M	—	—
Investing cash flow	-18.2M	10M	-16.7M	-5M	-1.5M	-2M	-16.5M	-11.4M	-23M	-26.2M	6.7M	2.2M
Dividends paid	—	—	—	—	—	—	—	—	-9.3M	-13.1M	—	—
Share repurchases	-1.4M	-867K	—	—	0	0	—	—	—	—	—	—
Financing cash flow	-2.2M	-9.3M	-399K	-5.2M	237K	-13.3M	8M	6.2M	-15.3M	-17.7M	-6M	4.9M
Net change in cash	-10M	11.8M	-15.3M	-6M	8.7M	-4.9M	542K	-1.6M	-34M	-56.1M	18.8M	38.1M
Free cash flow	13.2M	7.8M	-4.6M	-3.3M	4M	2.1M	5.9M	-7.2M	-892K	-32.6M	7.8M	22.7M

China Automotive Systems, Inc. Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement