Apr. 22 at 3:23 PM
$CAAS Historically, this group has tended to underestimate its projections. Last year, it forecast
$700.0 million in revenue for 2025 but ultimately delivered
$765.7 million. For 2026, it is projecting
$810 million. Given a stated target of
$2.9 billion in sales by 2030 and their large expansion out of China, new partnerships and new EV lines I will bet we easily see 900+ million for 2026.
That said, at current margins and cost structure, just the
$810 million in revenue would translate to roughly
$70 million in net earnings, implying a P/E of about 1.9. This is with the stock trading at 29% of book value and 50% cash.
I just see this as a waiting game at this point and looking for that a double+ down the road. The biggest issue right now is no coverage and nobody knows this story. If they did this would be
$10+ right now.
