China Automotive Systems, Inc. manufactures and sells automotive systems and components in China. The company was founded in 2003 and is based in Jing Zhou, China.
CAAS Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for China Automotive Systems Inc. To summarize, we found that China Automotive Systems Inc ranked in the 67th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 135.67%. As for the metrics that stood out in our discounted cash flow analysis of China Automotive Systems Inc, consider:
China Automotive Systems Inc's effective tax rate, as measured by taxes paid relative to net income, is at 69 -- greater than 95.87% of US stocks with positive free cash flow.
China Automotive Systems Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.2. This coverage rate is greater than that of merely 24.95% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Consumer Cyclical), China Automotive Systems Inc has a reliance on debt greater than only 20.37% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Consumer Cyclical that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CAAS, try MGA, STRT, HIBB, TSCO, and ELA.
China Automotive Systems (CAAS) approved a share repurchase program of up to $5.0M of its outstanding common shares.Repurchases will be made in open market transactions, at prevailing market prices not to exceed $3.50/share.Shares are down 19% YTD....
China Automotive Systems (CAAS) reports net sales declined 21% in Q2. U.S. auto sales declined by 33.3% Y/Y due to the coronavirus pandemic as passenger car sales declined by 46.9% while sales of trucks, minivans and SUVs for the quarter dropped by 27.7%.Net sales of traditional steering products declined by 18.5% as demand...
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