China Automotive Systems, Inc. (CAAS) Key Metrics
CAAS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $136.1M
- Enterprise value
- $129.9M
- P/E (TTM)
- 2.4 10-yr median 7.5
- Forward P/E
- 14.9
- PEG ratio
- 0.37
- Price / sales
- 0.2 10-yr median 0.2
- Price / book
- 0.3 10-yr median 0.3
- EV / EBITDA
- 1.3 10-yr median 2.6
- Dividend yield
- —
- Beta
- 1.09
CAAS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCAAS valuation Price multiples at each fiscal year-end price.
CAAS returns How much profit the business earns on the capital it uses.
CAAS per-share figures Results divided by the shares outstanding at year-end.
CAAS financial health Debt, liquidity and how easily interest is covered.
CAAS efficiency & capital use Working capital cycle and where the cash goes.
CAAS valuation history
CAAS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CAAS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CAAS cash returned to shareholders
CAAS price vs earnings per share
CAAS key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $128.5M | $123.8M | $97.5M | $177.7M | $82.7M | $193.9M | $99.1M | $77.2M | $151.9M | $171.3M |
| Enterprise value | $160.0M | $207.8M | $114.3M | $90.3M | $79.0M | $132.0M | $140.7M | $34.6M | $214.6M | $230.1M |
| P/E ratio | 3.0 | 4.1 | 2.6 | 8.4 | 7.5 | — | 9.9 | 32.5 | — | 7.6 |
| Price / sales | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.5 | 0.2 | 0.2 | 0.3 | 0.4 |
| Price / book | 0.3 | 0.4 | 0.3 | 0.6 | 0.3 | 0.6 | 0.3 | 0.3 | 0.5 | 0.6 |
| Price / free cash flow | 1.8 | — | — | 6.5 | 4.5 | 4.7 | — | — | 6.6 | — |
| Price / operating cash flow | 1.2 | 12.7 | 4.9 | 3.7 | 2.9 | 3.4 | 3.3 | 6.2 | 3.0 | 14.5 |
| EV / sales | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.1 | 0.4 | 0.5 |
| EV / EBITDA | 2.1 | 3.1 | 1.7 | 1.8 | 2.1 | 11.5 | 6.0 | 2.0 | 5.7 | 5.7 |
| EV / free cash flow | 2.2 | — | — | 3.3 | 4.3 | 3.2 | — | — | 9.4 | — |
| Earnings yield | 33.3% | 24.2% | 38.6% | 11.9% | 13.4% | −2.6% | 10.1% | 3.1% | −12.7% | 13.1% |
| Free cash flow yield | 55.5% | −28.0% | −1.8% | 15.5% | 22.2% | 21.1% | −5.7% | −17.4% | 15.0% | −16.3% |
| Dividend yield | 1.7% | 18.1% | 0.0% | — | 0.0% | 0.0% | 1.3% | 0.7% | 0.4% | 0.3% |
| Shareholder yield (dividends + buybacks) | 1.7% | 18.2% | 0.9% | 1.4% | 2.4% | 1.6% | 2.6% | 1.1% | 0.4% | 1.4% |
| Share price at fiscal year-end | $4.26 | $4.10 | $3.23 | $5.80 | $2.68 | $6.24 | $3.15 | $2.44 | $4.80 | $5.36 |
| Per share | ||||||||||
| Revenue per share | $25.38 | $21.57 | $19.09 | $17.28 | $16.14 | $13.44 | $13.71 | $15.68 | $15.77 | $14.46 |
| Earnings per share | $1.42 | $0.99 | $1.25 | $0.69 | $0.36 | −$0.16 | $0.32 | $0.08 | −$0.61 | $0.70 |
| Operating cash flow per share | $3.70 | $0.32 | $0.66 | $1.57 | $0.92 | $1.85 | $0.96 | $0.40 | $1.58 | $0.37 |
| Free cash flow per share | $2.36 | −$1.15 | −$0.06 | $0.90 | $0.60 | $1.31 | −$0.18 | −$0.42 | $0.72 | −$0.87 |
| Cash per share | $5.90 | $2.80 | $4.17 | $4.38 | $4.33 | $3.46 | $2.62 | $3.28 | $2.97 | $1.93 |
| Book value per share | $13.30 | $11.58 | $11.41 | $10.17 | $10.40 | $10.29 | $9.19 | $9.03 | $9.46 | $9.40 |
| Tangible book value per share | $12.80 | $11.47 | $10.98 | $9.82 | $10.00 | $9.89 | $8.82 | $9.01 | $7.45 | $7.90 |
| Dividends per share | $0.07 | $0.74 | $0.00 | — | $0.00 | $0.00 | $0.04 | $0.02 | $0.02 | $0.02 |
| Capex per share | $1.34 | $1.47 | $0.72 | $0.67 | $0.32 | $0.53 | $1.14 | $0.82 | $0.86 | $1.24 |
| Debt per share | $6.94 | $5.58 | $4.72 | $1.52 | $4.20 | $1.46 | $3.95 | $1.94 | $4.96 | $3.77 |
| Shares outstanding | 30.2M | 30.2M | 30.2M | 30.6M | 30.9M | 31.1M | 31.5M | 31.6M | 31.6M | 32.0M |
| Change in shares outstanding | −0.0% | −0.0% | −1.5% | −0.7% | −0.7% | −1.2% | −0.6% | −0.0% | −1.0% | −0.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.4% | 8.6% | 11.5% | 6.7% | 3.4% | −1.6% | 3.5% | 0.8% | −6.4% | 7.5% |
| Return on invested capital (ROIC) | 11.2% | 8.8% | 12.0% | 2.6% | 1.4% | −2.2% | 2.0% | −0.8% | 2.7% | 6.1% |
| Return on assets (ROA) | 4.6% | 3.7% | 5.1% | 3.0% | 1.6% | −0.7% | 1.5% | 0.3% | −2.9% | 3.6% |
| Return on tangible assets | 4.3% | 3.5% | 5.0% | 3.0% | 1.6% | −0.7% | 1.5% | 0.3% | −3.0% | 3.9% |
| Free cash flow margin | 9.3% | −5.3% | −0.3% | 5.2% | 3.7% | 9.8% | −1.3% | −2.7% | 4.6% | −6.0% |
| Income quality (OCF / net income) | 2.61 | 0.33 | 0.53 | 2.27 | 2.56 | — | 3.04 | 5.27 | — | 0.53 |
| Financial health | ||||||||||
| Total debt | $209.4M | $168.5M | $142.5M | $46.7M | $129.7M | $45.5M | $124.1M | $61.2M | $156.9M | $120.4M |
| Cash & short-term investments | $177.9M | $84.5M | $125.7M | $134.1M | $133.5M | $107.4M | $82.5M | $103.9M | $94.1M | $61.6M |
| Net debt | $31.4M | $84.0M | $16.8M | −$87.4M | −$3.7M | −$61.9M | $41.6M | −$42.6M | $62.7M | $58.8M |
| Debt / equity | 0.52 | 0.48 | 0.41 | 0.15 | 0.40 | 0.14 | 0.43 | 0.21 | 0.52 | 0.40 |
| Debt / assets | 0.21 | 0.20 | 0.19 | 0.07 | 0.18 | 0.06 | 0.19 | 0.09 | 0.22 | 0.19 |
| Net debt / EBITDA | 0.41 | 1.27 | 0.25 | −1.76 | −0.10 | −5.41 | 1.78 | −2.47 | 1.65 | 1.47 |
| Current ratio | 1.36 | 1.32 | 1.47 | 1.43 | 1.43 | 1.34 | 1.45 | 1.45 | 1.43 | 1.50 |
| Quick ratio | 1.13 | 1.07 | 1.18 | 1.12 | 1.09 | 1.09 | 1.18 | 1.19 | 1.21 | 1.29 |
| Interest coverage | 35.0 | 22.2 | 31.8 | 5.5 | 3.8 | -4.4 | 1.8 | -0.8 | 8.6 | 18.2 |
| Working capital | $196.7M | $146.2M | $180.3M | $156.5M | $149.6M | $121.2M | $137.4M | $154.1M | $159.1M | $161.0M |
| Invested capital | $432.8M | $433.6M | $361.2M | $224.3M | $317.3M | $258.0M | $330.8M | $243.2M | $362.2M | $359.3M |
| Tangible asset value | $435.4M | $386.4M | $355.3M | $316.6M | $324.9M | $307.4M | $297.7M | $304.2M | $242.3M | $257.8M |
| Net current asset value | $187.2M | $141.8M | $166.1M | $133.8M | $122.1M | $88.0M | $90.6M | $109.8M | $121.4M | $160.1M |
| Graham number | $20.61 | $16.09 | $17.90 | $12.58 | $9.16 | — | $8.09 | $3.91 | — | $12.21 |
| Graham net-net per share | −$1.26 | −$2.01 | −$0.46 | −$0.93 | −$0.97 | −$1.95 | −$1.65 | −$1.44 | −$1.80 | −$0.01 |
| Capital allocation | ||||||||||
| Dividends paid | $2.2M | $22.4M | $0 | — | $0 | $88,000 | $1.3M | $524,000 | $623,000 | $544,000 |
| Share buybacks (net) | $0 | $68,000 | $867,000 | $2.4M | $2.0M | $3.0M | $1.3M | $300,000 | $0 | $1.9M |
| Dividend payout ratio | 5.1% | 74.8% | 0.0% | — | 0.0% | — | 13.1% | 22.0% | — | 2.4% |
| Dividends + buybacks / free cash flow | 3.1% | — | — | 8.8% | 10.8% | 7.5% | — | — | 2.7% | — |
| Capex / revenue | 5.3% | 6.8% | 3.8% | 3.9% | 2.0% | 4.0% | 8.3% | 5.2% | 5.5% | 8.6% |
| Capex / operating cash flow | 36.1% | 454.8% | 108.9% | 42.7% | 35.0% | 28.8% | 118.5% | 207.2% | 54.4% | 336.1% |
| Capex / depreciation | 2.83 | 2.20 | 1.16 | 0.81 | 0.37 | 0.75 | 2.01 | 1.54 | 1.78 | 2.85 |
| Stock-based compensation / revenue | — | — | −3.5% | 0.0% | 0.0% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% |
| R&D / revenue | 5.9% | 4.2% | 5.1% | 6.8% | 5.7% | 6.2% | 6.5% | 6.8% | 6.7% | 6.0% |
| SG&A / revenue | 3.2% | 6.2% | 6.1% | 6.5% | 7.1% | 7.5% | 4.1% | 4.0% | 2.9% | 6.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 169.1 | 172.5 | 156.3 | 149.8 | 162.9 | 204.1 | 207.0 | 202.5 | 219.7 | 230.3 |
| Days of inventory on hand | 69.7 | 75.8 | 86.7 | 93.6 | 87.8 | 86.3 | 84.5 | 70.9 | 64.9 | 64.0 |
| Days payables outstanding | 125.1 | 120.5 | 120.1 | 121.3 | 159.1 | 172.3 | 121.4 | 120.9 | 132.6 | 133.1 |
| Cash conversion cycle (days) | 113.8 | 127.8 | 122.9 | 122.0 | 91.5 | 118.1 | 170.0 | 152.4 | 151.9 | 161.2 |
| Receivables turnover | 2.16 | 2.12 | 2.33 | 2.44 | 2.24 | 1.79 | 1.76 | 1.80 | 1.66 | 1.58 |
| Payables turnover | 2.92 | 3.03 | 3.04 | 3.01 | 2.29 | 2.12 | 3.01 | 3.02 | 2.75 | 2.74 |
| Inventory turnover | 5.23 | 4.82 | 4.21 | 3.90 | 4.16 | 4.23 | 4.32 | 5.15 | 5.63 | 5.70 |
| Asset turnover | 0.83 | 0.81 | 0.78 | 0.74 | 0.70 | 0.61 | 0.64 | 0.70 | 0.74 | 0.75 |
| Average receivables | $354.8M | $307.6M | $246.9M | $217.3M | $222.2M | $233.6M | $244.7M | $275.2M | $300.4M | $291.5M |
| Average payables | $212.5M | $178.8M | $155.6M | $148.3M | $185.7M | $171.0M | $122.9M | $142.7M | $150.6M | $139.0M |
| Average inventory | $118.5M | $112.5M | $112.3M | $114.4M | $102.4M | $85.6M | $85.5M | $83.6M | $73.6M | $66.8M |
| Intangibles / total assets | 1.5% | 0.4% | 1.7% | 1.5% | 1.8% | 1.8% | 1.8% | 0.1% | 8.9% | 7.6% |
Computed from CAAS's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CAAS valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), China Automotive Systems traded at 3.0 times earnings, against a 10-year median of 7.5. Based on the latest twelve months, the trailing P/E is 2.4 and the forward P/E is 14.9. China Automotive Systems earned a return on equity of 11.4% and a return on invested capital of 11.2% in fiscal 2025. It ended the year with $209.4 million of debt and $177.9 million in cash and short-term investments, net debt of $31.4 million. It returned $2.2 million to shareholders: $2.2 million in dividends and $0 in share buybacks, 3% of free cash flow. The share count fell 5.6% from 32.0M to 30.2M over 9 years.
See the CAAS income statement, the CAAS chart for price history, or the CAAS stock overview for the latest quote and news.
CAAS key metrics FAQ
What is China Automotive Systems's P/E ratio?
China Automotive Systems's trailing P/E ratio is 2.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.9. At the end of fiscal 2025 it was 3.0, compared with a 10-year median of 7.5.
What is China Automotive Systems's EV/EBITDA?
China Automotive Systems's enterprise value was 2.1 times EBITDA at the end of fiscal 2025 (enterprise value $160.0 million, EBITDA $77.4 million); the current EV/EBITDA is 1.3.
What is China Automotive Systems's return on equity?
China Automotive Systems's return on equity (ROE) was 11.4% in fiscal 2025: net income of $42.8 million on average shareholders' equity of $375.5 million.
What is China Automotive Systems's ROIC?
China Automotive Systems's return on invested capital was 11.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does China Automotive Systems have?
China Automotive Systems had total debt of $209.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.52 and $31.4 million of net debt (0.41 times EBITDA).
What is China Automotive Systems's dividend yield?
China Automotive Systems paid $2.2 million in dividends in fiscal 2025 ($0.07 per share), a payout ratio of 5.1%.
What is China Automotive Systems's free cash flow yield?
China Automotive Systems generated $71.3 million of free cash flow in fiscal 2025, a free cash flow yield of 55.5% on its market value at year-end ($128.5 million).
What is China Automotive Systems's current ratio?
China Automotive Systems's current ratio was 1.36 at the end of fiscal 2025: current assets were 1.36 times current liabilities.