China Automotive Systems Inc. (CAAS)

WUHAN, China, Nov. 16, 2016 /PRNewswire/ -- China Automotive Systems, Inc. (CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced it has begun commercial production of steering gears to supply to Fiat Chrysler Automobiles' (NYSE: FCAU or "FCA") electric power steering (EPS) systems for a new C-SUV model set to launch in 2017.

The Company has begun shipping these newly designed steering gears from its brand new, state-of-the-art, automated assembly plant located in Jingzhou, Hubei Province, China to FCA's new C-SUV assembly plant in Toluca, Mexico.

Mr. Qizhou Wu, Chief Executive Officer of CAAS, commented, "We have been in Chrysler's global sourcing program since 2009. In the past 7 years, as a key tier-one supplier, we have won a number of accolades for our superior quality and outstanding performance in Chrysler's award winning models. As a result, our business in the North American market has exceeded 500,000 units of steering products on an annual basis. We continue to expand our product portfolio and production capabilities to extend our market leadership in China."

"We remain upbeat with the prospects of our EPS business at home and abroad. Our EPS systems execute lane-keeping and self-parking functionalities, which are the cornerstones for driverless vehicles. We are well positioned for more opportunities and collaboration with OEMs and technology companies," Mr. Wu concluded.

About China Automotive Systems, Inc.

Based in Hubei Province, the People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through eight Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 5.5 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Chrysler Group LLC in North America. For more information, please visit: http://www.caasauto.com.  

3 Reasons Why China Automotive Systems (CAAS) is a Great Value Stock
[Zacks]
Zacks Equity Research
ZacksNovember 17, 2016

Many investors like to look for value in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score systemwe have identified the key statistics to pay close attention to and thus which stocks might be the best for value investors in the near term.

This method discovered several great candidates for value-oriented investors, but today let’s focus on China Automotive Systems Inc. (CAAS) as this stock is looking especially impressive right now. And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for CAAS’s status as a solid value stock below:

Forward PE for China Automotive Systems

Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. Generally speaking, value investors like to see this ratio below 20, though it can vary by industry.

Right now, CAAS has a forward PE of just 5.85, which means that investors are paying $5.85 for each dollar in expected China Automotive Systemsearnings this year. Compared to the industry at large this is pretty favorable as the overall space has an average PE of 11.05 in comparison.


Price/Cash Flow for China Automotive Systems

An often overlooked ratio that can still be a great indicator of value is the price/cash flow metric. This reading is preferred by some since it avoids amortization and depreciation concerns and can give a more accurate picture of the financial health in a business.

The P/CF ratio for CAAS comes in at 5.95, and since investors are generally looking for a reading under 20 here, this is pretty good news. Meanwhile, we should also point out that the industry average for this metric is 7.61, so China Automotive Systemshas its peers beat in this regard too.

CAAS Earnings Estimate Revisions Moving in the Right Direction

The solid value ratios outlined in the preceding paragraphs might be enough for some investors, but we should also note that the earnings estimate revisions have been trending in a positive direction as well. Analysts who follow CAAS stock have been raising their estimates for the company lately, meaning that the EPS picture is looking a bit more favorably for China Automotive Systemsnow.

Over the past 30 days, 1 earnings estimate has gone higher compared to none lower for the full year, while we are also seeing that 1 estimate has moved upwards with no downward revision for the next year time frame too.  These revisions have helped to boost the consensus estimate as 30 days ago CAAS was expected to post earnings of 64 cents per share for the full year though today it looks to have EPS of 72 cents for the full year.

Bottom Line

For the reasons detailed above, investors shouldn’t be surprised to read that we have CAAS as a stock with a Value Score of ‘A’ and a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So if you are a value investor, definitely keep CAAS on your short list as this looks to be a stock that is very well-positioned for gains in the near term  

so gigantisch wie nie! Was für eine Performance.....Nio Rivale?  

 

China’s car sales target:  40 %  EVs by 2030

2Q21

"In addition, the board of directors has approved the plan to purchase a 40% interest in Sentient AB, a world leader in steering and vehicle control software and hardware. Based in Sweden with operations in China, Sentient AB specializes in software development and hardware design for advanced steering functions, vehicle motion control and the fast-growing autonomous driving market."

https://sentientplus.com/

Mit dieser Beteiligung steigt CAAS zum Technologieführer auf. Das Wachstum wird befeuert durch die chinafreundliche Politik zum Elektroauto. 40% EV in 2030 bedeutet über 10 Mill neue EV Wagen ab 2030. CAAS hat jetzt schon ein Marktetshare von über 10 % in China und sie wird weiter wachsen auf 25% bis 2025.

Der Unternehmenswert mit 100 Mill Euro ist ein Witz. Der Umsatz wird alleine in 2021 bei über 500 Mill Dollar liegen und das Wachstum bei über 40%. CAAS macht Gewinn und hat Cash Reserven von über 100 Mill Euro.  

https://www.auto-motor-und-sport.de/verkehr/...chipmangel-konkurrenz/

Was aber nicht heißt, dass es nicht chinesische Autobauer gibt, die das bereits 2022 übertreffen wollen. Einer davon ist Hozon, der auf dem Heimatmarkt bislang vor allem mit günstigen, modern gezeichneten Elektro-SUV vertreten war. Mit dem Neta S, einer neuen Mittelklasse-Limousine, will Hozon jetzt die in den absoluten High-End-Bereich durchstarten. Der Neta 6 kommt laut Hozon mit gleich 6 Laser-Sensoren (LiDAR) und einer Rechenleistung von 1000 TOPS. Hinzu kommen 1000 Kilometer NEDC-Reichweite und ein angeblich komplett eigenständiges Betriebssystem. Over-the-Air-Updatefähigkeit versteht sich von selbst. Viel mehr technische Details gibt es, wie bei so vielen der neuen Hersteller aus China, aktuell noch nicht.

CAAS beliefert Hozon Auto mit der nötigen Steuerungstechnik.

"The Company's R&D team set a record that, for the first time, a Chinese domestic steering producer not only drove the entire product development cycle in-house from design to testing, but developed proprietary algorithms for steering control software as well. This new EPS system integrates and communicates with the vehicles' main data architecture to fulfill key Advanced Driver Assistance Systems (ADAS) functionalities including lane keeping assist (LKA), automatic parking assist (APA), lane centering (LCK) and traffic jam assist (TJA)". (News von 2021)  

WUHAN, China, Jan. 25, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it has entered into an agreement with SCANIA AB ("SCANIA") to develop eRCB steering systems for SCANIA's trucks and buses.

Built upon CAAS' proprietary technology and innovative knowledge coupled with CAAS' advanced  driver-assistance systems ("ADAS") L4 platform, named AP04, this eRCB steering system is a fully electric intelligent steering system for light- and medium-duty truck and heavy-duty commercial vehicles. This eRCB steering system features an innovative twin electric motor structure with high output torque. CAAS' proprietary AP04 driver-assist system enables vehicles to execute level-4 autonomous driving with a superior level of functionality, safety and network security.

The eRCB steering system is expected to become the world's first mass-produced fully electric intelligent power steering system for commercial vehicles, which bolsters CAAS' status as a premier Tier-1 supplier to global commercial vehicle OEMs.

Mr. Qizhou Wu, chief executive officer of CAAS, commented, "We are excited to add another global OEM to our customer list and reach another major milestone as we continue to drive our international growth through continued innovation and superior quality. Due to the heavy payloads and tough road conditions, the commercial vehicle market is still dominated by traditional hydraulic steering systems, which presents a unique opportunity for our new product which is more environmentally friendly and driver friendly."

Der Markt versteht noch nicht wie weit CAAS mit ihrer Technologie ist. CAAS wird ein globaler Player im Bereich steering für EVs. Die Aktie wird boomen recht bald.  

Die Bewertung ist wirklich ein Witz.
Bin seit Kurzem dabei.l  

Analysten der Schweizer Großbank UBS haben ihren Ausblick für das laufende Geschäftsjahr 2022 zum Thema Nachfrage nach Elektro-Fahrzeugen nach oben angepasst und gehen derzeit von insgesamt 5,5 Millionen Einheiten in China aus.

Damit wurden die Schätzungen für den größten Automobilmarkt der Welt in 2022 um 38 Prozent nach oben korrigiert. Die Prognose für das Jahr 2023 erhöhten die Schweizer indes um 27 Prozent auf nunmehr 6,2 Millionen verkaufte EV-Einheiten.

Die Analysten von UBS erklärten dies mit einem sich ändernden Verbraucher- und Umweltverhalten, der Markteinführung immer neuer E-Modelle und eine vorgezogene Nachfrage, bevor staatliche Subventionen auslaufen.

https://www.it-times.de/news/...-elektroautos-evs-deutlich-an-142953/

CAAS Marktanteil in China liegt über 10% und er steigt täglich weil gerade die Verbindungen zu den chinesischen Herstellern sehr eng sind. CAAS Technologie ist mit das Beste. Wenn man kalkuliert das CAAS alleine in China über 600.000 Steuerungselemente für EVs verkaufen wird, ist das ein Wachstum von über 100%. Alleine dafür wird der Umsatz bei über 500.000.000 Mill Dollar anschwellen. Der große Rest ist noch nicht einkalkuliert.

Das Ding wird boomen in 2022. KZ 50 USD  

S+ Blueprint Steering is not only about achieving a superior steering feel. Due to the nature of S+ Blueprint Steering’s design, it’s the perfect host for a range of additional functionality, such as S+ Lane Keeping Aid and S+ Personal Steering. S+ Blueprint Steering also ensures a solid and seamless hand-over between autonomous and manual driving.

https://sentientplus.com/offer/s-blueprint-steering/

China Automotive System CAAS hält 40% von Sentient AB. CAAS und Sentient haben die Technologie und Software für das autonomous Driving.

Das Ding kann nur boomen. Die MarketCap ist so winzig gegenüber dem Umsatz, das Wachstum und die Technologieführerschaft in steering Produkte.  

niedrig bewertet. Das ist nicht unüblich. Aber das Geschäft von CAAS ist trotzdem interessant. Wollen mal hoffen, dass sie weiter an Marktanteilen gewinnen und bessere Margen erzielen können.  

die Zahlen zum 2. und 3. Quartal 2022 waren phantastisch. Gerade im EV Bereich explodiert regelrecht der Umsatz und Gewinn. Ich denke dass das Wachstum auch nicht in 2023 stoppen wird.

Der Bilanz mit über 310 Mio USD in Stockholders Equity ist blitzsauber.

Kurse über 10 USD/Share sind locker drin.  

moin,dass stimmt wohl,aktie viel zu billig mit sehr guten wachstumschancen,aber die hier sind auch nicht schlecht:

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https://seekingalpha.com/article/...-q3-2022-earnings-call-transcript

CAAS wird explodieren. AP04, das Software und Hardware Produkt von CAAS wird die absolute Cash Machine in den nächsten Jahren.  

Stimme ist gefragt:

https://www.ariva.de/forum/guckt-ihr-die-wm-in-katar-581412

WUHAN, China, Nov. 29, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it hosted senior executives of BYD at CAAS' headquarters to plan a strategic partnership for future autonomous driving.

CAAS has supplied more 3 million power steering sets, including electric power steering ("EPS") units, to BYD over a 20-year partnership.  Led by senior vice presidents Mr. Yubo Lian and Bo Wang, the BYD delegation toured the key production plants and R&D center of CAAS, and had a series of meetings focused on core technologies and components to fulfill autonomous driving. They also met with a senior team from Sentient, CAAS' Swedish subsidiary specializing in autonomous driving software.  The two executives test-drove BYD's Tang model equipped with a customized autonomous driving program designed by CAAS and Sentient.

Mr. Hanlin Chen, Chairman of CAAS, commented, "We have the honor to be in the forefront witnessing BYD's miracle from prototyping their first car with us to becoming now the world's largest electric vehicle producer.  As the next chapter for automakers around the world is autonomous driving, we are proud to again be the trusted partner for BYD to help further advance their lead in smart vehicles for the future. Sentient is a global leader in foundational technology for autonomous driving and has won installation contracts with global truck OEMs. Together with our leadership in electric power steering systems, electric motors, and electric control software, we provide a total solution to empower leading OEMs like BYD to introduce state-of-the-art experiences to the marketplace."

CAAS wird einen Aktionär in den nächsten Jahren sehr glücklich machen aufgrund dem Hype um EVs in China und weltweit.  

Diese zwei News sind der Pfeiler für einen CAAS Aktienkurs weit über 100 Euro/Share in 2024.

WUHAN, China, Jan. 25, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it has entered into an agreement with SCANIA AB ("SCANIA") to develop eRCB steering systems for SCANIA's trucks and buses.

Built upon CAAS' proprietary technology and innovative knowledge coupled with CAAS' advanced  driver-assistance systems ("ADAS") L4 platform, named AP04, this eRCB steering system is a fully electric intelligent steering system for light- and medium-duty truck and heavy-duty commercial vehicles. This eRCB steering system features an innovative twin electric motor structure with high output torque. CAAS' proprietary AP04 driver-assist system enables vehicles to execute level-4 autonomous driving with a superior level of functionality, safety and network security.

The eRCB steering system is expected to become the world's first mass-produced fully electric intelligent power steering system for commercial vehicles, which bolsters CAAS' status as a premier Tier-1 supplier to global commercial vehicle OEMs.

WUHAN, China, Nov. 29, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it hosted senior executives of BYD at CAAS' headquarters to plan a strategic partnership for future autonomous driving.

CAAS has supplied more 3 million power steering sets, including electric power steering ("EPS") units, to BYD over a 20-year partnership.  Led by senior vice presidents Mr. Yubo Lian and Bo Wang, the BYD delegation toured the key production plants and R&D center of CAAS, and had a series of meetings focused on core technologies and components to fulfill autonomous driving. They also met with a senior team from Sentient, CAAS' Swedish subsidiary specializing in autonomous driving software.  The two executives test-drove BYD's Tang model equipped with a customized autonomous driving program designed by CAAS and Sentient.

Mr. Hanlin Chen, Chairman of CAAS, commented, "We have the honor to be in the forefront witnessing BYD's miracle from prototyping their first car with us to becoming now the world's largest electric vehicle producer.  As the next chapter for automakers around the world is autonomous driving, we are proud to again be the trusted partner for BYD to help further advance their lead in smart vehicles for the future. Sentient is a global leader in foundational technology for autonomous driving and has won installation contracts with global truck OEMs. Together with our leadership in electric power steering systems, electric motors, and electric control software, we provide a total solution to empower leading OEMs like BYD to introduce state-of-the-art experiences to the marketplace."

Tesla nimmt für sein autonomes Driving System 17.000 USD. Wenn CAAS mit BYD 500.000 Fahrzeuge in 2023 und ab 2024 weit über 1.000.000 Fahrzeuge mit dem System von CAAS verkauft dann sind das Milliarden Umsätze für CAAS.

Das System für Scania also für LKWs wird noch viel teurer sein. CAAS ist das erste Unternehmen mit einer marktreifen Lösung. Wir reden hier über Milliarden USD Gewinne in den nächsten Jahren für China Automotive System. EV ist in China und in den USA (durch Milliarden Subventionen)  nicht mehr zu stoppen.  

weiß jemand was? Habe keine News gesehen.,....  

1Q23 Comprehensive income  $12,437,000

Die Bewertung bleibt ein Witz. Das 1. Quartal ist immer das Schwächste. Ich erwarte sehr gute News.

 

Die nächsten Quartale werden phantastisch. Sentient AB, Tochterunternehmen aus Schweden, wird die neue Cash Cow mit ihren Software Lösungen. Mein Kursziel liegt bei über 50 Dollar.  

CAAS wird im Jahr 2023 über 1,20 Dollar pro Aktie verdienen. Der Umsatz wird um die 10% wachsen. Ich finde das Umsatzwachstum auch etwas mager, aber dafür wächst die Gewinnmarge überpropotional. CAAS ist sehr gut vernetzt in China gerade bei den chinesischen Autoherstellern wie BYD Geely Changan etc.. Vor zwei Jahren hat CAAS die Stimmmehrheit bei Sentient AB aus Schweden erworben. Damit haben sie Zugang zu der entwickelten Software für das autonome Fahren. Ich rechne damit, dass noch im diesem Jahr gute News dazu anstehen.

working capital 170 Mill
stockholder equity 350 Mill
Fast keine langfristigen Schulden

Durch die sehr gute Finanzlage kann ich mir auch eine Übernahme vorstelllen. Mein Kursziel liegt bei über 20 $/Aktie.  

Schon sehr dürftig, was man da findet.