Company Quick10K Filing
China Automotive Systems
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 32 $66
10-Q 2019-11-12 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-03-28 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-29 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-10 Quarter: 2017-06-30
10-Q 2017-05-11 Quarter: 2017-03-31
10-K 2017-03-30 Annual: 2016-12-31
10-Q 2016-11-10 Quarter: 2016-09-30
10-Q 2016-08-11 Quarter: 2016-06-30
10-Q 2016-05-12 Quarter: 2016-03-31
10-K 2016-03-30 Annual: 2015-12-31
10-Q 2015-11-12 Quarter: 2015-09-30
10-Q 2015-08-13 Quarter: 2015-06-30
10-Q 2015-05-14 Quarter: 2015-03-31
10-K 2015-03-26 Annual: 2014-12-31
10-Q 2014-11-12 Quarter: 2014-09-30
10-Q 2014-08-13 Quarter: 2014-06-30
10-Q 2014-05-14 Quarter: 2014-03-31
10-K 2014-03-31 Annual: 2013-12-31
10-Q 2013-11-13 Quarter: 2013-09-30
10-Q 2013-08-14 Quarter: 2013-06-30
10-Q 2013-05-14 Quarter: 2013-03-31
10-K 2013-03-27 Annual: 2012-12-31
10-Q 2012-11-09 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-09 Quarter: 2012-03-31
10-K 2012-03-09 Annual: 2011-12-31
10-Q 2011-11-08 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-07-22 Quarter: 2011-03-31
10-K 2011-06-28 Annual: 2010-12-31
10-Q 2010-11-09 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-06 Quarter: 2010-03-31
10-K 2010-03-25 Annual: 2009-12-31
8-K 2019-11-12 Earnings, Exhibits
8-K 2019-08-08 Earnings, Exhibits
8-K 2019-07-18 Shareholder Vote
8-K 2019-05-09 Earnings, Exhibits
8-K 2019-03-28 Earnings, Exhibits
8-K 2018-12-05 Shareholder Vote
8-K 2018-11-21 Earnings, Exhibits
8-K 2018-11-09 Earnings, Exhibits
8-K 2018-08-20 Other Events, Exhibits
8-K 2018-08-09 Earnings, Exhibits
8-K 2018-05-10
8-K 2018-04-27 Enter Agreement, Exhibits
8-K 2018-03-29 Earnings, Exhibits

China Automotive Systems Financials

CAAS Metrics, Comps, Filings

Annual | Quarterly

Business

China Automotive Systems, Inc., “China Automotive” or the “Company,” was incorporated in the State of Delaware on June 29, 1999. Through its subsidiary, Great Genesis Holdings Limited, “Genesis,” a corporation organized under the laws of the Hong Kong Special Administrative Region, China, it owns interests in nine Sino-joint ventures and five wholly-owned subsidiaries in the People's Republic of China, “China” or the “PRC,” which manufacture power steering systems and/or related products for different segments of the automobile industry. Genesis also owns interests in a Brazil-based trading company, which engages mainly in the import and sales of automotive parts in Brazil.

Henglong USA Corporation, “HLUSA,” which was incorporated on January 8, 2007 in Troy, Michigan, is a wholly-owned subsidiary of the Company, and mainly engages in marketing of automotive parts in North America, and provides after sales service and research and development support accordingly.

Unless the context indicates otherwise, the Company uses the terms “the Company,” “we,” “our” and “us” to refer to China Automotive collectively on a consolidated basis.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Garrett Motion (GTX) 1,193,496 23% 6.3 51% 2,172,000 4,589,000 3,220,000 728,000 1,111,000 411,000 2,577,496
Apogee Enterprises (APOG) 1,041,508 21% 10.8 4% 1,132,239 647,263 1,421,471 293,802 45,764 120,735 1,305,861
Standard Motor Products (SMP) 1,008,927 29% 9.7 5% 969,527 484,262 1,132,527 325,777 50,717 102,611 991,661
Stoneridge (SRI) 881,286 20% 6.6 13% 596,047 314,548 860,205 175,639 74,769 125,950 831,384
Tenneco (TEN) 869,899 0% 6.4 -1% 13,592,000 11,603,000 17,750,000 0 -106,000 955,000 6,067,899
Cooper-Standard Holdings (CPS) 726,925 13% 3.9 6% 2,704,834 1,745,682 3,378,484 446,837 151,441 295,306 1,150,839
Modine Manufacturing (MOD) 703,136 16% 6.1 4% 1,601,300 1,055,000 2,175,600 354,600 71,500 165,200 1,013,136
Tower International (TOWR) 450,482 11% 6.8 1% 1,206,292 889,470 1,626,020 177,593 9,967 80,090 547,660
Motorcar Parts America (MPAA) 348,238 18% 288.8 -1% 693,832 419,003 490,277 90,405 -8,505 1,167 337,031
Lydall (LDL) 334,736 19% 9.3 1% 896,434 509,329 846,660 164,342 10,384 63,340 590,994
Commercial Vehicle Group (CVGI) 219,775 14% 3.8 9% 460,326 323,824 934,966 131,085 39,771 82,862 317,250
Horizon Global (HZN) 107,343 16% -13.2 -19% 604,740 693,060 832,620 133,990 -112,700 -40,680 538,733
Superior Industries International (SUP) 84,887 9% 4.8 1% 1,467,890 1,096,700 1,436,627 133,094 16,729 142,328 685,841
Strattec Security (STRT) 84,869 12% 13.1 -5% 312,736 149,348 487,006 57,800 -14,194 5,883 77,060
China Automotive Systems (CAAS) 66,162 16% -0.7 1% 670,744 362,215 354,613 55,983 6,581 31,169 -22,898
Sorl Auto Parts (SORL) 65,058 33% 0.9 2% 773,073 551,879 391,454 130,676 13,965 56,247 48,171
Unique Fabricating (UFAB) 27,186 21% 19.3 -7% 110,939 70,254 160,219 33,578 -7,377 4,106 79,250
Adomani (ADOM) 21,863 6% -3.5 -42% 13,226 7,805 8,611 480 -5,530 -5,507 19,066
Magna International (MGA)
Icahn Enterprises (IEP) 4% 2.8 2% 24,382,000 12,907,000 9,717,000 376,000 417,000 1,449,000 4,128,000

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash72,96087,64953,97968,50569,67631,09264,558115,969
Accounts Receivable206,333211,306267,639282,348254,397285,731274,989237,519
Inventory51,6075,969-4,058-3,17611,79174,10825,40488,021
PP&E84,84381,691169,91382,46684,151101,478126,033129,853
Assets466,44716,86019,87423,079254,904252,465717,369690,499
Accounts Payable
Long-Term Debt
Liabilities250,290253,425293,836330,992300,400325,807411,240385,672
Stockholders' Equity173,129193,5547,86845,500299,043300,480299,448285,877
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue347,97547,20237,45350,442443,533541,73392,293496,158
Cost of Revenue279,876275,25436,584-37,032363,986460,8147,659430,745
Gross Profit68,09964686987,47479,54780,91984,63465,413
R&D10,00614,88620,88522,96622,33927,70633,54433,551
SG&A26,19622,49313,25316,16116,97016,84119,54319,761
Tax4,3544,3916,0435,8778,0721,83841,633-1,465
Net Income47,90325,48633,06539,5946,76022,97710,416-6,560
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating34,06316,20912,87645,69739,27411,82550,15312,526
Cash Investing-14,042-6,292-43,058-21,793-32,271-52,230-47,3152,453
Cash Financing8724,631-5,810-9,117-1,7754,42528,46010,120