China Tracker - Details for BitAuto Holdings (BITA)

 BitAuto Holdings
Shares Outstanding (MRQ): 41.25 mill 
New Shares / Dilution (TTM): 9.00 mill27.90% 
Cash (MRQ): 121.70 mill5.88%
Account Receivables (MRQ): 43.00 mill2.08%
Account Receivables (Q/Q): -5.50 mill  
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): 33.56% 
Revenue Growth (Y/Y): 62.71%
Net Income Growth (Q/Q): 73.35% 
Net Income Growth (Y/Y): 175.02%
EPS Growth (Y/Y): 115.02%
Net Margin (Q/Q): 23.2% (17.9%)5.30% 
Net Margin (Y/Y): 23.2% (13.8%)9.50% 
EPS | P/E (2 MRQ Projection): $0.43117.30
CFPS | P/CF (2 MRQ Projection): $0.44113.11
Price/Sales (2 MRQ Projection): 24.59
Price/Book (MRQ): 16.59
Auditor: Ernst & Young
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-03-30): $0.45111.48
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: IPO on 2010-11-17 
IPO Price: $12.00 (318.04% since IPO)

 Business Outlook

For the rest of 2011, Bitauto will continue to focus on advancing product technology, improving customer service quality, enhancing our brand, and building out our nationwide sales network. These efforts are essential to strengthening our competitive advantages and solidifying our leading position in China's online auto-related information sector.

Bitauto today announced that its board of directors has approved a share repurchase program, effective immediately, which authorizes the Company to repurchase up to US$10 million worth of its issued and outstanding American Depositary Shares, or ADSs, within twelve months.

Bitauto currently expects to generate revenue in the range of $24.0 million to $24.8 million in the third quarter of fiscal year 2011, representing a 28.5% to 32.7% year-over-year increase. Bitauto currently expects non-GAAP diluted earnings per ADS, each representing one ordinary share, to be approximately $0.10 in the third quarter of 2011.

(Source: PR Newswire, 2011-08-12)

Bitauto has revised its previously announced earnings outlook for non-GAAP diluted earnings per ADS for the second quarter of 2011. Bitauto currently expects non-GAAP diluted earnings per ADS to be approximately $0.09 in the second quarter of 2011. The Company had previously announced that it expected to generate revenue in the range of $22.1 million to $22.9 million in the second quarter of 2011, and that non-GAAP diluted profit per ADS, each representing one ordinary share, would be approximately $0.11.

(Source: PR Newswire, 2011-06-01)

Bitauto currently expects to generate revenue in the range of $22.1 million to $22.9 million in the second quarter of 2011, representing a 33.3% to 37.9% year-over-year increase. Bitauto currently expects non-GAAP diluted profit per ADS, each representing one ordinary share, to be approximately $0.11 in the second quarter of 2011.

(Source: PR Newswire, 2011-05-12)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-08-24CitigroupReiterationBuy$10.50
2011-06-14CitigroupReiterationBuy$16.00
2011-05-13OppenheimerReiterationOutperform$13.00
2011-03-04CitigroupReiterationBuy$16.00
2011-02-25CitigroupReiterationBuy$12.00

BITA is currently followed by 3 analysts. All 3 give the stock a positive rating. The average price target is 12.17.


    see all Analyst Ratings
BITA
Automobiles
SCORE
4
READ: Score Cards Explained
SAFETY/RISK SCORE
MODERATE SAFETY
DETAILS: Safety/Risk Model for BITA
Current Price:  $50.17
F10k Day (2010-11-17): 302.93%$12.45
2010 Close: 467.47%$8.84
2011 Close: 1,154.12%$4.00
High (2012-03-27): 740.28%$5.97
Low (2012-06-04): 1,333.28%$3.50
Exchange: NYQ
Market Capitalization: 2,069.48 mill
Total Shares: 41.25 mill
Float: 16,968,000.00 mill
Avg Volume: 148.70 k
Short Interest: 99.90 k
Short Ratio: 3.31%0.7 d
Last Quarter: 2010-12-31
Revenue (MRQ): 24.07 mill
Net Income (MRQ): 5.59 mill
Op. Cash Flow (MRQ): 12.40 mill
all financial data provided without warranty