Last $8.68 USD
Change Today -0.14 / -1.59%
Volume 99.6K
CAAS On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 5:20 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

china automotive systems inc (CAAS) Snapshot

Open
$8.82
Previous Close
$8.82
Day High
$8.96
Day Low
$8.50
52 Week High
07/22/14 - $9.87
52 Week Low
08/19/13 - $5.83
Market Cap
243.4M
Average Volume 10 Days
140.6K
EPS TTM
$0.98
Shares Outstanding
28.0M
EX-Date
06/24/14
P/E TM
8.9x
Dividend
--
Dividend Yield
2.07%
Current Stock Chart for CHINA AUTOMOTIVE SYSTEMS INC (CAAS)

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china automotive systems inc (CAAS) Details

China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People’s Republic of China. The company produces rack and pinion power steering gears for cars and light duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems; and electric power steering gears. It is also involved in the marketing of automotive parts in North America, as well as the provision of after sales, and research and development support services. In addition, the company imports and sells automotive parts in Brazil. China Automotive Systems, Inc. primarily sells its products to the original equipment manufacturing customers. The company was founded in 2003 and is headquartered in Jing Zhou, the People’s Republic of China.

3,000 Employees
Last Reported Date: 05/14/14
Founded in 2003

china automotive systems inc (CAAS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $210.0K
Chairman
Total Annual Compensation: $315.0K
Vice President
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2013.

china automotive systems inc (CAAS) Key Developments

China Automotive Systems Inc. Announces Special Cash Dividend, Payable on or about July 28, 2014

China Automotive Systems Inc. announced that the Board of Directors has declared a special cash dividend of $0.18 per common share, which represents a total payment to shareholders of approximately $5 million. The special cash dividend is payable on or about July 28, 2014 to shareholders of record as of the close of business on June 26, 2014.

China Automotive Systems Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reaffirms Revenue Guidance for the Full Year 2014

China Automotive Systems Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. Net sales increased by 17.6% to a first-quarter record of $114.3 million, compared to $97.2 million in the first quarter of 2013. The net sales increase was mainly due to higher market share in the Chinese passenger and commercial vehicle markets as well as higher sales to the North American market. Net income attributable to parent company's common shareholders was $6.8 million, or basic and diluted earnings per share of $0.24, compared to net income attributable to parent company's common shareholders of $5.9 million, or basic and diluted earnings per share of $0.21, in the first quarter of 2013. Income from operations increased by 4.5% to $9.8 million in the first quarter of 2014, compared to $9.3 million in the same quarter of 2013. Net cash use in operating activities was $8.37 million against $1.36 million a year ago. Payments to acquire property, plant and equipment was $3.501 million against $2.843 million a year ago. Payments to acquire intangible assets was $0.003 million against $0.060 million a year ago. The company reiterates its revenue guidance of 15% year-over-year growth for the full year 2014. This target is based on the company's current views on operating and market conditions, which are subject to change.

China Automotive Systems Inc. to Report Q1, 2014 Results on May 14, 2014

China Automotive Systems Inc. announced that they will report Q1, 2014 results at 9:00 AM, China Standard Time on May 14, 2014

 

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CAAS

Industry Average

Valuation CAAS Industry Range
Price/Earnings 9.0x
Price/Sales 0.6x
Price/Book 1.1x
Price/Cash Flow 9.0x
TEV/Sales 0.2x
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