China Tracker - Details for ChinaCast Education (CAST)

 ChinaCast Education
Shares Outstanding (MRQ): 50.18 mill
New Shares / Dilution (TTM): 3.87 mill8.35%
New Shares / Dilution (since Dec 31, 2008): 19.49 mill63.50% 
Cash (MRQ): 48.86 mill0.00%
Account Receivables (MRQ): 8.08 mill0.00%
Account Receivables (Q/Q): -0.92 mill  
Long-Term Debt (MRQ): 40.61 mill0.00%
Revenue Growth (Q/Q): -14.17% 
Revenue Growth (Y/Y): 38.64%
Net Income Growth (Q/Q): -44.43% 
Net Income Growth (Y/Y): 20.76%
EPS Growth (Y/Y): 11.45%
Net Margin (Q/Q): 25.0% (38.6%)-13.60% 
Net Margin (Y/Y): 25.0% (28.7%)-3.70% 
EPS | P/E (2 MRQ Projection): $0.640.00 
CFPS | P/CF (2 MRQ Projection): -$0.260.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: Deloitte Touche
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-05-10): $0.660.00 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: IPO on 2006-12-22 
IPO Price: $6.20 (-100.00% since IPO)

 Business Outlook

For the full year ending December 31, 2011, the Company reiterates the following financial guidance: Total net revenue of $94 million and $96 million, a year-on-year increase of 21% to 23%. Adjusted net income (non-GAAP) between $32 million to $34 million, a year-on-year increase of 18%-25%. Based on the weighted average shares used in computation at the end of FY2010 and a higher tax accrual rate for FY2011, an adjusted diluted EPS (non-GAAP) between $0.64 and $0.68, a year-on-year increase of 14%-21%. Adjusted EBITDA excluding share based compensation (non-GAAP) between $50 million and $52 million, a year-on-year increase of 20% to 25%.

(Source: PR Newswire, 2011-06-16)

The first quarter has clearly been challenging for us as a public company and I am pleased that in spite of attacks by short-sellers we were able to maintain focus and achieve record results. We have diligently worked to effectively communicate with all of our shareholders and believe that the facts have culminated into meaningful support. The confirmation comes in the form of significant purchases by board members as well as loyal long-term shareholders. In addition, as we commence our $50 million corporate share buyback we believe that allocating capital at these compelling valuations will enable us to accelerate earnings per share growth during the coming year. We will continue to focus on growing and enhancing our existing educational businesses organically as well as via acquisitions (and, also, shrink our common shares outstanding) for the balance of 2011 and beyond. We thank our long-term shareholders for their loyalty and support.

(Source: PR Newswire, 2011-05-10)

For the full year ending December 31, 2011, the Company provides the following guidance: Total net revenue will be between $94 million to $96 million (a year-on-year increase of 21% to 23%). Adjusted net income excluding share-based compensation, amortization of acquired intangibles, gain on disposal of property and equipment and impairment expenses (non-GAAP) will be between $32 million to $34 million (a year-on-year increase of 18% to 25%). Based on the current weighted average shares and the higher tax rate accrual used in computation, adjusted diluted EPS of between $0.64 to $0.68.

(Source: PR Newswire, 2011-05-10)

    see all Business Outlook notes


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 Analyst Coverage (show more)
2011-08-22Roth CapitalDowngradeUnder Reviewn/a
2011-08-11Roth CapitalReiterationBuy$13.00
2011-08-08Roth CapitalReiterationBuy$13.00
2011-07-22Roth CapitalReiterationBuy$13.00
2011-07-14Signal HillReiterationBuyn/a

CAST is currently followed by 4 analysts. 3 give the stock a positive rating, 0 rate it neutral and 1 give it a negative rating. The average price target is 11.25.


    see all Analyst Ratings

 Investor Presentations
2010-05-18 (HTML)   VIEW
2010-03-07 (HTML)   VIEW
2009-05-01 (PDF)   DOWNLOAD (right click, save as)
CAST
Education
SCORE
5
UNDER REVIEW
READ: Score Cards Explained
SAFETY/RISK SCORE
HIGH RISK
DETAILS: Safety/Risk Model for CAST
Current Price:  n/a
F10k Day (2006-12-22): -100.00%$6.47
2009 Close: -100.00%$7.56
2010 Close: -100.00%$7.76
2011 Close: -100.00%$6.12
High (2012-02-01): -100.00%$6.19
Low (2012-08-20): -100.00%$0.05
Exchange:
Market Capitalization: n/a
Total Shares: 50.18 mill
Float: n/a
Avg Volume: 543.40 k
Short Interest: 6.39 mill
Short Ratio: 18.39%11.8 d
Last Quarter: 2011-03-31
Revenue (MRQ): 22.76 mill
Net Income (MRQ): 5.69 mill
Op. Cash Flow (MRQ): -5.89 mill
all financial data provided without warranty