China Automotive Systems (CAAS) is priced like it's going out of business tomorrow - **p/e of 4, trading at 0.36x book value** \- but the company is.. growing?
They have more cash then debt, their electric power steering is over 40% of sales and they're landing new contracts in Brazil and Europe. Last quarter, EPS was up 78%. **But they have a p/e of 4.**
Make it make sense?
Honestly my only explanation is that 99% of traders see "China" in the name and back the fuck off.. Which I'd dig but CAAS is actually based in the Caymans lmao.
[Detailed CAAS analysis here.](https://app.deepvalue.tech/report-share/0RW71z78GL9Y)
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