China Automotive Systems, Inc.
CAASdata completeness 100%3 fiscal years on filei. The business — what you’d actually own
| Figure | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue | $576.4M1 | $650.9M1 | $765.7M1 |
| Net income | $37.7M2 | $30M2 | $42.8M2 |
| Operating cash flow | $19.9M3 | $9.78M3 | $111.6M3 |
| Capital expenditure | $18.2M4 | $43.7M4 | $37.2M4 |
| Free cash flow (derived) | $1.67M3 | −$33.9M3 | $74.4M3 |
| Total debt | — | $145.1M5 | $162.7M6 |
| Cash & equivalents | $155.2M7 | $57M8 | $142M8 |
| Diluted shares | 30.2M | 30.2M | 30.2M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
ii. Your slice — ownership made literal
If you owned
shares
You’d own
0.000033%
of the whole company
Your share of last year’s profit
$14.2
Your share of its debt
$53.92
Your share of free cash flow
$24.67
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
$0.41
assumptions (10)
- riskFreeRate4.5%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth5.0%
- fcfBase$1.67M
DCF · Growth Exit 5Y
$0.32
assumptions (10)
- riskFreeRate4.5%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth5.0%
- fcfBase$1.67M
Earnings Power Value
$13.15
assumptions (8)
- riskFreeRate4.5%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$37.7M
- growthAssumed0.0%
Graham Number
$20.62
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
iv. The price question — last, on purpose
What does today’s price assume?
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years5.0%
Discount rate (WACC)8.78%
Terminal growth2.5%
At your growth, a share is worth $0.32
Default growth 5.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
Sources — the receipts
- 20-F · period ending 2023-12-31 · accession 0001104659-26-046434 (Revenues)
- 20-F · period ending 2023-12-31 · accession 0001104659-26-046434 (NetIncomeLoss)
- 20-F · period ending 2023-12-31 · accession 0001104659-26-046434 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2023-12-31 · accession 0001104659-26-046434 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2024-12-31 · accession 0001104659-26-046434 (LongTermDebtCurrent)
- 20-F · period ending 2025-12-31 · accession 0001104659-26-046434 (ShortTermBorrowings)
- 20-F · period ending 2023-12-31 · accession 0001104659-26-046434 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 20-F · period ending 2024-12-31 · accession 0001104659-26-046434 (CashAndCashEquivalentsAtCarryingValue)