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How to buy China Automotive Systems stock | $6.24

Own China Automotive Systems stock in just a few minutes.

Fact checked

China Automotive Systems, Inc is an auto parts business based in the US. China Automotive Systems shares (CAAS) are listed on the NASDAQ and all prices are listed in US Dollars. China Automotive Systems employs 3,998 staff and has a trailing 12-month revenue of around USD$387.1 million.

How to buy shares in China Automotive Systems

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for China Automotive Systems. Find the stock by name or ticker symbol: CAAS. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until China Automotive Systems reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$6.24, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of China Automotive Systems, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of China Automotive Systems. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

China Automotive Systems share price

Use our graph to track the performance of CAAS stocks over time.

China Automotive Systems shares at a glance

Information last updated 2020-12-27.
Latest market closeUSD$6.24
52-week rangeUSD$1.425 - USD$10.5
50-day moving average USD$5.6338
200-day moving average USD$3.528
Wall St. target priceUSD$4
PE ratio 42
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.061

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy China Automotive Systems stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

China Automotive Systems price performance over time

Historical closes compared with the close of $6.24 from 2020-12-31

1 week (2021-01-09) N/A
1 month (2020-12-18) -9.17%
3 months (2020-10-16) 103.26%
6 months (2020-07-17) 109.40%
1 year (2020-01-17) 100.00%
2 years (2019-01-18) 113.70%
3 years (2018-01-18) 31.92%
5 years (2016-01-16) N/A

Is China Automotive Systems under- or over-valued?

Valuing China Automotive Systems stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of China Automotive Systems's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

China Automotive Systems's P/E ratio

China Automotive Systems's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 42x. In other words, China Automotive Systems shares trade at around 42x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

China Automotive Systems's PEG ratio

China Automotive Systems's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.61. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into China Automotive Systems's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

China Automotive Systems's EBITDA

China Automotive Systems's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$14.1 million.

The EBITDA is a measure of a China Automotive Systems's overall financial performance and is widely used to measure a its profitability.

China Automotive Systems financials

Revenue TTM USD$387.1 million
Gross profit TTM USD$62 million
Return on assets TTM -0.63%
Return on equity TTM -0.82%
Profit margin -0.01%
Book value $9.504
Market capitalisation USD$209.8 million

TTM: trailing 12 months

Shorting China Automotive Systems shares

There are currently 624,889 China Automotive Systems shares held short by investors – that's known as China Automotive Systems's "short interest". This figure is 1555.1% up from 37,756 last month.

There are a few different ways that this level of interest in shorting China Automotive Systems shares can be evaluated.

China Automotive Systems's "short interest ratio" (SIR)

China Automotive Systems's "short interest ratio" (SIR) is the quantity of China Automotive Systems shares currently shorted divided by the average quantity of China Automotive Systems shares traded daily (recently around 7.8 million). China Automotive Systems's SIR currently stands at 0.08. In other words for every 100,000 China Automotive Systems shares traded daily on the market, roughly 80 shares are currently held short.

However China Automotive Systems's short interest can also be evaluated against the total number of China Automotive Systems shares, or, against the total number of tradable China Automotive Systems shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case China Automotive Systems's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 China Automotive Systems shares in existence, roughly 20 shares are currently held short) or 0.0561% of the tradable shares (for every 100,000 tradable China Automotive Systems shares, roughly 56 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against China Automotive Systems.

Find out more about how you can short China Automotive Systems stock.

China Automotive Systems share dividends

We're not expecting China Automotive Systems to pay a dividend over the next 12 months.

Have China Automotive Systems's shares ever split?

China Automotive Systems's shares were split on a 3:1 basis on 5 March 2003. So if you had owned 1 share the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your China Automotive Systems shares – just the quantity. However, indirectly, the new 66.7% lower share price could have impacted the market appetite for China Automotive Systems shares which in turn could have impacted China Automotive Systems's share price.

China Automotive Systems share price volatility

Over the last 12 months, China Automotive Systems's shares have ranged in value from as little as $1.425 up to $10.5. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while China Automotive Systems's is 3.4294. This would suggest that China Automotive Systems's shares are significantly more volatile than the average for this exchange and represent a higher risk.

China Automotive Systems overview

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 columns; and automobile electronic and hydraulic power steering systems and parts. It is also involved in the marketing of automotive parts in North America and Brazil, as well as the provision of after sales, and research and development support services. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. is headquartered in Jingzhou City, the People's Republic of China.

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