NYSE · Asset Management · USD

Morgan Stanley China A Share Fund, Inc. (CAF) Stock Analysis

Morgan Stanley China A Share Fund, Inc. (CAF) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

CAF

$16.80

−$0.12 (−0.71%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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CAF Key Statistics

As of Oct 21, 2026

Trading

Open: $16.90
Previous Close: $16.92
Day's Range: 16.80–16.91
52-Week Range: 15.60–21.41
Volume: 2.52K

Valuation

Market Cap: $231.02M
P/E Ratio: 1.89
EPS (ttm): 9.16

Financials (FY)

Revenue (FY): $71.21M+281.19%
Net Income (FY): $70.27M+297.69%
Shares Outstanding: 13.35M
1-Year Return: +5.39%

Dividend and dates

Dividend: $0.26+1.53%
Ex-Dividend Date: December 19, 2025
Avg Volume: 14.67K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, CAF closed at $16.80, +5.39% over 1 year.

Morgan Stanley China A Share Fund, Inc. (CAF) has a market capitalization of $231.02M.

In fiscal 2025, CAF reported revenue of $71.21M.

CAF Stock Return by Calendar Year

Morgan Stanley China A Share Fund, Inc. (CAF) 10-year return: what $10,000 became

1 year: $10,000 $10,539; +5.39%
5 years: $10,000 $8,934; −10.66%
10 years: $10,000 $13,741; +37.41%

If you had invested $10,000 in Morgan Stanley China A Share Fund, Inc. (CAF) 10 years ago, at the close on October 21, 2016, it would have been worth $13,741 at the close on October 21, 2026: +37.41% in total, +3.23% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+44.94%−30.41%−3.23%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−3.23%
2025	+41.51%
2024	+0.34%
2023	−9.39%
2022	−30.41%
2021	−1.77%
2020	+12.75%
2019	+23.51%
2018	−14.26%
2017	+44.94%
2016 (partial year)	−3.38%

As of October 21, 2026.

CAF Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$71.21M	$70.27M	98.7%
2024	$18.68M	$17.67M	94.6%
2023	−$44.70M	−$45.74M	102.3%
2022	−$131.36M	−$132.54M	100.9%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$71.21M	—	—	$70.27M	98.7%
2024	$18.68M	—	—	$17.67M	94.6%
2023	−$44.70M	—	—	−$45.74M	102.3%
2022	−$131.36M	—	—	−$132.54M	100.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

CAF Dividend History

’17’18’19’20’21’22’23’24’25

$0.26−19.6% vs 2024

Dividends per share, 2025 · 1 payments

Year	Dividends per share	Payments	Change
2025	$0.26	1	−19.6%
2024	$0.33	1	+168.0%
2023	$0.12	1	+3,966.7%
2022	$0.00	1	−99.8%

Year	Dividends per share	Payments	Change
2025	$0.26	1	−19.6%
2024	$0.33	1	+168.0%
2023	$0.12	1	+3,966.7%
2022	$0.00	1	−99.8%
2021	$1.34	1	−41.9%
2020	$2.31	1	+180.8%
2019	$0.82	1	−52.5%
2018	$1.73	2	+42.2%
2017	$1.22	2	—

Most recent payment: $0.26 per share, ex-dividend December 19, 2025. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

CAF Valuation vs Asset Management Median

Median of 512 stocks

Metric	CAF	Asset Management median	vs median
P/E	1.89	9.44	0.2x the median

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Morgan Stanley China A Share Fund, Inc. (CAF) carries a market capitalisation of $231.02M. The company sits in the Financial Services sector, in the Asset Management industry.

CAF last closed at $16.80 on October 21, 2026. That is −$0.12 (−0.71%) against the previous close. Over the past 52 weeks the price has ranged from $15.60 to $21.41. The latest close sits 7.69% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $71.21M. That is +281.19% against the prior fiscal year, when revenue was $18.68M. The same year closed with net income of $70.27M. That is +297.69% against the prior fiscal year. Earnings per share on a trailing basis come to 9.16.

Across the 4 fiscal years on file, revenue moves from −$131.36M in 2022 to $71.21M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

CAF trades at a trailing price-to-earnings ratio of 1.89. That is 0.2 times the Asset Management median of 9.44. The medians here are taken across 512 Asset Management companies that report the metric.

Over the trailing twelve months the total return is +5.39%. Across 10 years the annualized return works out at +3.23%. Annualized volatility over the trailing 10 years is 21.94%.

Growth & Income

The trailing dividend yield is 1.53%. That is 7.4 percentage points below the Asset Management median yield of 8.91%. The indicated annual rate is $0.26 a share. The ex-dividend date on file is December 19, 2025. Dividends are recorded for 9 calendar years; 2025 shows 1 payments totalling $0.26 a share. The year before, 2024, totalled $0.33 a share.

The strongest complete calendar year on file is 2017 at +44.94%; the weakest is 2022 at −30.41%. Of the 9 complete calendar years on file, 5 finished higher. So far in 2026 the total return is −3.23%.

Peer Comparison

Morgan Stanley China A Share Fund, Inc. (CAF) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Morgan Stanley China A Share Fund, Inc.	CAF	$231.02M	1.9
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. Morgan Stanley China A Share Fund, Inc. trades at a P/E of 1.9.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Morgan Stanley China A Share Fund, Inc.

Morgan Stanley China A Share Fund, Inc. is a closed ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc. It is co-managed by Morgan Stanley Investment Management Company. The fund invests in the public equity markets of China. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the growth stocks of companies. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Morgan Stanley Capital International China A Share Index. Morgan Stanley China A Share Fund, Inc. was formed on July 6, 2006 and is domiciled in the United States.

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