China Tracker - Details for Andatee China Marine Fuel (AMCF)

 Andatee China Marine Fuel
Shares Outstanding (MRQ): 9.82 mill
New Shares / Dilution (TTM): 1.41 mill16.71% 
Cash (MRQ): 8.03 mill2,336.67%
Account Receivables (MRQ): 5.80 mill1,686.23%
Account Receivables (Q/Q): -0.41 mill-6.56%
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): -26.00% 
Revenue Growth (Y/Y): 48.61%
Net Income Growth (Q/Q): 3.71% 
Net Income Growth (Y/Y): 64.99%
EPS Growth (Y/Y): 41.36%
Net Margin (Q/Q): 5.2% (3.7%)1.50% 
Net Margin (Y/Y): 5.2% (4.7%)0.50% 
EPS | P/E (2 MRQ Projection): $0.920.04
CFPS | P/CF (2 MRQ Projection): $0.690.05
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.01
Auditor: Jewett Schwartz Wolfe
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-05-13): $1.120.03
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: IPO on 2010-01-26 
IPO Price: $6.30 (-99.45% since IPO)

 Business Outlook

Andatee is adjusting its revenue and net income guidance for 2011 as we have observed volatility in global oil prices, resulting from the overall instability of the global economic environment. Significant increases and decreases in oil prices in tight timeframes make it challenging for us to price our products for optimal profitability and also cause pressure on demand. The industry was affected by the unexpected spike in oil price during the first half of 2011. While we attempt to mitigate the effects of the current swings in raw material costs on our bottom line, we remain focused on growing our sales volume and revenues. We are very pleased with the upwards of 45% growth in revenues for the first six months of 2011 and are working hard to maintain this trend. We are confident that our improving brand recognition and balanced fleet growth will continue to drive the marine fuel market in China in the long term.

The company revises revenue guidance to between $225 million and $275 million (from $275 million and $325 million) and net income guidance to between $5 million and $8 million (from $10 million to $12 million) for the year ending December 31, 2011

(Source: PR Newswire, 2011-08-11)

Outlook for 2011 (Excludes any acquisitions that the Company may consummate this year): Reiterates revenue guidance of between $275 million and $325 million. Revises net income guidance to between $10 million and $12 million (from $11 million to $13 million) for the year ending December 31, 2011, as a result of rising cost of inventory (rising oil prices) and a conservative approach to potential margin consolidation. Expects total sales volume to increase between 28% and 52% for the year ending December 31, 2011.

(Source: PR Newswire, 2011-05-13)

For 2011, Andatee believes revenue will be between $275 million and $325 million and net income between $11 million and $13 million. This guidance excludes any acquisitions that the Company may consummate during the year. "We are optimistic about the outlook of the marine fuel market in China because of growing demand, improving brand recognition, and balanced fleet growth. Andatee is continuing to generate excess cash flow and is well positioned to continue organic growth through the opening of new regional facilities, new products, and expanded service offerings such as direct refueling at sea. Finally, we also will strategically identify, research, and if appropriate, look to acquire target companies with desired facilities in areas that fit into Andatee's growth plans. We continue to remain cautious, as we are not willing to pay premium multiples for retail locations unless we can acquire a strong and growing customer base. We have attempted to geographically position our company with the ability to achieve stable growth through a variety of means."

(Source: PR Newswire, 2011-03-30)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-08-17Rodman & RenshawDowngradeMarket Performn/a
2011-05-16Rodman & RenshawReiterationOutperform$7.00
2011-04-01Rodman & RenshawReiterationOutperform$7.00
2010-11-15Rodman & RenshawReiterationOutperform$7.00
2010-08-30Rodman & RenshawInitiationOutperform$7.00
AMCF
Oil & Gas
SCORE
16
READ: Score Cards Explained
SAFETY/RISK SCORE
HIGH RISK
DETAILS: Safety/Risk Model for AMCF
Current Price:  $0.04
F10k Day (2010-01-26): -99.40%$5.77
2010 Close: -99.37%$5.50
2011 Close: -98.90%$3.17
High (2012-04-12): -98.88%$3.10
Low (2012-10-19): -95.94%$0.86
Exchange: PNK
Market Capitalization: 0.34 mill
Total Shares: 9.82 mill
Float: n/a
Avg Volume: 21.20 k
Short Interest: 22.10 k
Short Ratio: 0.53%1.0 d
Last Quarter: 2010-12-31
Revenue (MRQ): 44.26 mill
Net Income (MRQ): 2.29 mill
Op. Cash Flow (MRQ): 1.57 mill
all financial data provided without warranty