China Automotive Systems, Inc. - $CAAS Quick Pitch
over 1 year ago
Chop Wood, Carry Water
"CAAS: Top China steering system supplier w/ 60+ OEMs. Tsinghua JV for e-steering tech. Key BYD partner. 310+ models, manual to EPS. Strong '23: 8.8% sales growth, 80%+ EPS rise, margin up. Q1 boom: 24.6% EPS sales up. Cash $126M, insider 64%. Investing $25M in '24 for global expansion. Trades <cash, 2.8 P/E. 100% upside."
Sentiment
bullish
Conviction
Medium
Tier
Trade Call
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Episode Information
Episode:
China Automotive Systems, Inc. - $CAAS Quick Pitch
Source:
Chop Wood, Carry Water
Published:
April 17, 2024
Idea Type:
Stock Idea