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A bargain that may be a swindle: CAAS China Automotive Systems

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deminvest

January 30, 2018

automotive-parts
A Chinese car parts manufacturing company that looks such a bargain that I can’t resist:

Here is my point:
Trailing P/E 5.79
Forward P/E 5.26

Inexpensive and expected to be even more inexpensive next year.
Plus I believe car parts will be more and more built in China.

Apparently growing:

Quarterly Revenue Growth (yoy) 25.10%

But not doing the same good job with earnings:
Quarterly Earnings Growth (yoy)-11.00%

No debt with an hefty Revenue:

Revenue (ttm) 504.89M
Total Cash (mrq) 79.21M
Total Debt (mrq) 73.59M

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CAAS, China Automotive Systems

3 responses to “A bargain that may be a swindle: CAAS China Automotive Systems”

deminvest

January 30, 2018

Here my trade:
01/30/2018 12:32:58 Buy 323 CAAS Limit 4.63 DAY
Bought @ 4.63 SPENDING A TOTAL AMOUNT OF $ 1495.49

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deminvest

December 1, 2020

Closed the trade GETTING MY CAPITAL BACK:

11/30/2020 Sold -230 CHINA AUTOMOTIVE SYSTEMS INC INTERNET ORDER UNSOLICITED AVERAGE PRICE TRADE DETAILS AVAILABLE UPON REQUEST
S/D: 12/02/2020 CAAS Cash 6.5439 1,505.07

Now I have 93 free CAAS shares.

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deminvest

April 29, 2021

CAAS is interesting again: once more below my buying point at 4.55.
What I like is that they now have a little more cash:
Total Cash (mrq) 107.39M
Total Debt (mrq) 49.77M
What I don’t like it that Revenue is lower than it was in 2018.
Total Revenue 2020 2019 2018 2017
Total Revenue 417,6 431,4 496,1 499,0

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BUY, SELL, KEEP

A bargain that may be a swindle: CAAS China Automotive Systems

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3 responses to “A bargain that may be a swindle: CAAS China Automotive Systems”