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SORL Auto Parts

DB:A9S
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A9S
DB
$77M
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

SORL Auto Parts, Inc., together with its subsidiaries, develops, manufactures, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers and the related aftermarket in the People’s Republic of China. The last earnings update was 145 days ago. More info.


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  • SORL Auto Parts has significant price volatility in the past 3 months.
A9S Share Price and Events
7 Day Returns
-1.1%
DB:A9S
3.7%
DE Auto Components
2.1%
DE Market
1 Year Returns
28.8%
DB:A9S
-47.8%
DE Auto Components
-16.6%
DE Market
A9S Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SORL Auto Parts (A9S) -1.1% -3.2% -10.4% 28.8% -10.4% 6.3%
DE Auto Components 3.7% -20.4% -41.1% -47.8% -63.5% -67.9%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • A9S outperformed the Auto Components industry which returned -47.8% over the past year.
  • A9S outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
A9S
Industry
5yr Volatility vs Market

Value

 Is SORL Auto Parts undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for SORL Auto Parts. This is due to cash flow or dividend data being unavailable. The share price is €3.62.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SORL Auto Parts's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SORL Auto Parts's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:A9S PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $1.15
NasdaqGM:SORL Share Price ** NasdaqGM (2020-04-07) in USD $4.09
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 12.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SORL Auto Parts.

DB:A9S PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:SORL Share Price ÷ EPS (both in USD)

= 4.09 ÷ 1.15

3.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SORL Auto Parts is good value based on earnings compared to the DE Auto Components industry average.
  • SORL Auto Parts is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does SORL Auto Parts's expected growth come at a high price?
Raw Data
DB:A9S PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-22.4%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.53x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:A9S PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.57x ÷ -22.4%

-0.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SORL Auto Parts earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SORL Auto Parts's assets?
Raw Data
DB:A9S PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $9.79
NasdaqGM:SORL Share Price * NasdaqGM (2020-04-07) in USD $4.09
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.7x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:A9S PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:SORL Share Price ÷ Book Value per Share (both in USD)

= 4.09 ÷ 9.79

0.42x

* Primary Listing of SORL Auto Parts.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SORL Auto Parts is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess SORL Auto Parts's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. SORL Auto Parts has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is SORL Auto Parts expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-22.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SORL Auto Parts expected to grow at an attractive rate?
  • SORL Auto Parts's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • SORL Auto Parts's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • SORL Auto Parts's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:A9S Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:A9S Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -22.4%
DB:A9S Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -2%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 49.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:A9S Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:A9S Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 500 17 1
2020-04-07
2019-12-31 512 22 1
DB:A9S Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 511 21 22
2019-06-30 507 50 12
2019-03-31 497 99 13
2018-12-31 468 161 13
2018-09-30 468 100 12
2018-06-30 460 103 26
2018-03-31 424 74 26
2017-12-31 391 34 24
2017-09-30 353 17 30
2017-06-30 316 4 24
2017-03-31 300 2 26
2016-12-31 279 5 19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SORL Auto Parts's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • SORL Auto Parts's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:A9S Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from SORL Auto Parts Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A9S Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.87 0.87 0.87 1.00
2020-04-07
2019-12-31 1.13 1.13 1.13 1.00
DB:A9S Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 1.15
2019-06-30 0.64
2019-03-31 0.70
2018-12-31 0.66
2018-09-30 0.64
2018-06-30 1.37
2018-03-31 1.33
2017-12-31 1.26
2017-09-30 1.54
2017-06-30 1.26
2017-03-31 1.33
2016-12-31 1.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SORL Auto Parts will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess SORL Auto Parts's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SORL Auto Parts has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has SORL Auto Parts performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SORL Auto Parts's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SORL Auto Parts's year on year earnings growth rate has been positive over the past 5 years.
  • SORL Auto Parts's 1-year earnings growth exceeds its 5-year average (79.8% vs 8.6%)
  • SORL Auto Parts's earnings growth has exceeded the DE Auto Components industry average in the past year (79.8% vs -45.1%).
Earnings and Revenue History
SORL Auto Parts's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SORL Auto Parts Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A9S Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 511.05 22.12 95.43 19.90
2019-06-30 507.41 12.33 91.58 19.38
2019-03-31 496.54 13.43 87.55 17.73
2018-12-31 468.05 12.74 82.10 16.37
2018-09-30 467.75 12.30 79.37 16.93
2018-06-30 460.28 26.49 74.20 15.39
2018-03-31 423.50 25.67 66.25 12.54
2017-12-31 390.52 24.32 61.09 11.00
2017-09-30 353.42 29.74 44.08 8.65
2017-06-30 316.01 24.40 43.87 8.12
2017-03-31 299.65 25.71 42.21 8.02
2016-12-31 278.74 19.22 45.04 7.71
2016-09-30 249.78 16.86 43.10 8.06
2016-06-30 236.40 15.67 40.72 7.91
2016-03-31 220.30 10.69 41.20 7.39
2015-12-31 218.66 13.31 36.78 7.36
2015-09-30 225.03 11.36 41.89 7.50
2015-06-30 233.41 12.21 41.07 7.48
2015-03-31 239.86 14.08 39.74 7.82
2014-12-31 237.65 13.80 41.69 7.60
2014-09-30 229.67 10.59 41.45 8.09
2014-06-30 225.46 11.00 40.79 8.23
2014-03-31 217.25 10.90 39.74 7.65
2013-12-31 208.57 9.36 38.29 7.55
2013-09-30 202.14 12.69 39.81 7.32
2013-06-30 194.36 12.74 37.23 7.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SORL Auto Parts has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SORL Auto Parts used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • SORL Auto Parts's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SORL Auto Parts's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SORL Auto Parts has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is SORL Auto Parts's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SORL Auto Parts's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SORL Auto Parts is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SORL Auto Parts's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SORL Auto Parts's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SORL Auto Parts Company Filings, last reported 6 months ago.

DB:A9S Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 219.26 228.58 16.49
2019-06-30 221.19 249.24 10.29
2019-03-31 219.73 242.88 8.02
2018-12-31 205.47 253.51 73.59
2018-09-30 200.71 185.46 17.61
2018-06-30 214.01 211.29 24.53
2018-03-31 217.53 297.54 22.68
2017-12-31 200.29 187.03 4.22
2017-09-30 194.20 77.78 7.65
2017-06-30 180.80 70.31 7.89
2017-03-31 171.00 48.87 11.46
2016-12-31 162.39 27.42 8.06
2016-09-30 159.16 25.13 7.49
2016-06-30 156.67 25.31 11.63
2016-03-31 224.01 17.45 64.63
2015-12-31 222.42 23.37 91.24
2015-09-30 219.49 22.04 92.76
2015-06-30 226.04 18.14 70.31
2015-03-31 222.58 12.65 49.57
2014-12-31 220.19 9.54 48.85
2014-09-30 214.54 8.19 37.90
2014-06-30 211.48 11.12 27.02
2014-03-31 206.93 14.36 35.82
2013-12-31 199.50 4.53 28.24
2013-09-30 202.96 6.03 32.52
2013-06-30 198.20 9.70 38.01
  • SORL Auto Parts's level of debt (104.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.8% vs 104.2% today).
  • Debt is not well covered by operating cash flow (9.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess SORL Auto Parts's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SORL Auto Parts has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is SORL Auto Parts's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from SORL Auto Parts dividends.
If you bought €2,000 of SORL Auto Parts shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate SORL Auto Parts's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SORL Auto Parts's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:A9S Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:A9S Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2020-04-07
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as SORL Auto Parts has not reported any payouts.
  • Unable to verify if SORL Auto Parts's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SORL Auto Parts's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SORL Auto Parts has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SORL Auto Parts's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SORL Auto Parts afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SORL Auto Parts has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of SORL Auto Parts's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Xiao Zhang
COMPENSATION $60,000
AGE 57
TENURE AS CEO 15.9 years
CEO Bio

Mr. Xiao Ping Zhang has been Chairman of the Board and Chief Executive Officer at Sorl Auto Parts, Inc. since May 7, 2004. Mr. Zhang founded Ruili Group in 1987 and has been its Chairman since 1987. In 2003, he was elected the President of Wenzhou Auto Parts Association and Vice-President of China Federation of Industry and Commerce Auto & Motorbike Parts Chamber of Commerce. Mr. Zhang is a member of the Standing Committee of the People’s Congress in Rui’an City, Zhejiang, China. Mr. Zhang is also a mentor in entrepreneurship for graduate students of Zhejiang University. Mr. Zhang graduated from Zhejiang Radio and TV University in 1986 with a major in Industrial Management.

CEO Compensation
  • Xiao's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Xiao's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the SORL Auto Parts management team in years:

12.8
Average Tenure
57.5
Average Age
  • The average tenure for the SORL Auto Parts management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Xiao Zhang

TITLE
Chairman & CEO
COMPENSATION
$60K
AGE
57
TENURE
15.9 yrs

Zong Zhou

TITLE
Chief Financial Officer
COMPENSATION
$30K
AGE
65

Jin Yu

TITLE
Chief Operating Officer
COMPENSATION
$50K
AGE
44
TENURE
8.1 yrs

Shu Chi

TITLE
Executive Director
COMPENSATION
$10K
AGE
58

Ben Chen

TITLE
Vice President of Finance and Corporate Secretary
TENURE
12.8 yrs

Kan Min

TITLE
Accounting Manager
Board of Directors Tenure

Average tenure and age of the SORL Auto Parts board of directors in years:

4.8
Average Tenure
57
Average Age
  • The tenure for the SORL Auto Parts board of directors is about average.
Board of Directors

Xiao Zhang

TITLE
Chairman & CEO
COMPENSATION
$60K
AGE
57
TENURE
15.9 yrs

Shu Chi

TITLE
Executive Director
COMPENSATION
$10K
AGE
58
TENURE
6 yrs

Jiang Feng

TITLE
Independent Director
COMPENSATION
$10K
AGE
54
TENURE
15.7 yrs

Yu Li

TITLE
Independent Director
COMPENSATION
$10K
AGE
52
TENURE
4.8 yrs

Jin Liu

TITLE
Independent Director
COMPENSATION
$10K
AGE
76
TENURE
4.8 yrs

Xiao Zhang

TITLE
Director
COMPENSATION
$30K
AGE
52
TENURE
15.9 yrs

Hui Lin Wang

TITLE
Independent Director
COMPENSATION
$10K
AGE
77
TENURE
4.8 yrs

Xiao Lin

TITLE
Independent Director
TENURE
0.9 yrs

Binghua Feng

TITLE
Independent Director
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess SORL Auto Parts's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SORL Auto Parts has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

SORL Auto Parts, Inc., together with its subsidiaries, develops, manufactures, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers and the related aftermarket in the People’s Republic of China. It operates in two segments, Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems. The company offers a range of products covering 140 categories and approximately 2000 specifications in automotive brake systems that are principally used in various types of passenger and railway transportation vehicles, as well as commercial vehicles, such as trucks and buses. It markets its products under the SORL brand through authorized distributors. The company also exports its products to approximately 104 countries and regions worldwide. SORL Auto Parts, Inc. was founded in 2003 and is headquartered in Rui'an, China.

Details
Name: SORL Auto Parts, Inc.
A9S
Exchange: DB
Founded: 2003
$70,869,504
19,304,921
Website: http://www.sorl.cn
Address: SORL Auto Parts, Inc.
NO. 2666 KaiFaqu Avenue,
Ruili Industry Area,
Rui'an,
Zhejiang Province, 325200,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM SORL Common Stock Nasdaq Global Market US USD 28. May 2004
DB A9S Common Stock Deutsche Boerse AG DE EUR 28. May 2004
Number of employees
Current staff
Staff numbers
6,459
SORL Auto Parts employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:01
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.