China Tracker - Details for China Gerui Advanced Materials (CHOP)

 China Gerui Advanced Materials
Shares Outstanding (MRQ): 48.39 mill 
New Shares / Dilution (TTM): 6.43 mill15.33% 
Cash (MRQ): 119.48 mill0.00%
Account Receivables (MRQ): 4.09 mill0.00%
Account Receivables (Q/Q): -0.09 mill  
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): 6.92% 
Revenue Growth (Y/Y): 15.55% 
Net Income Growth (Q/Q): -6.55% 
Net Income Growth (Y/Y): -0.52%
EPS Growth (Y/Y): -13.74%
Net Margin (Q/Q): 17.1% (19.6%)-2.50% 
Net Margin (Y/Y): 17.1% (19.9%)-2.80% 
EPS | P/E (2 MRQ Projection): $0.970.00 
CFPS | P/CF (2 MRQ Projection): $1.080.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: UHY Vocation 
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-05-11): $1.220.00 
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: SPAC on 2009-03-17 
Uplisting to Senior Exchange: on 2009-11-10 at $5.00 (-100.00% since Uplisting)

 Business Outlook

China Gerui Advanced Materials clarified the outlook provided in yesterday's earnings press release: For fiscal year 2011, China Gerui expects revenue of between $330 million and $345 million and gross profit of between $115 million and $120 million. On a GAAP basis, the Company expects fiscal year 2011 net income of between $65 million and $70 million and diluted earnings per share of between $1.10 and $1.15. On a non-GAAP basis, the Company expects fiscal year 2011 adjusted net income of between $70 million and $75 million and diluted earnings per share of between $1.20 and $1.25. Adjusted net income and adjusted diluted earnings per share exclude one-time warrant exercise expenses incurred in the first quarter of 2011.

(Source: PR Newswire, 2011-05-11)

For fiscal year 2011, China Gerui expects revenue of between $330 million and $345 million, gross profit of between $115 million and $120 million, adjusted net income of between $65 million and $70 million, adjusted diluted earnings per share of between $1.10 and $1.15. Adjusted net income and adjusted diluted earnings per share exclude one-time warrant exercise expenses incurred in the first quarter of 2011.

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

For fiscal year 2011, consistent with the Company's previous guidance, China Gerui expects revenue of between $330 million and $345 million, gross profit of between $115 million and $120 million, net income of between $70 million and $75 million, diluted earnings per share between $1.20 and $1.25, and capital expenditures to complete its previously announced Phase II of expansion plan of between $12 million and $15 million.

(Source: PR Newswire, 2011-04-07)

    see all Business Outlook notes


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 Analyst Coverage (show more)
2011-06-01TripointInitiationBuy$8.00
2011-05-11Brean MurrayReiterationBuy$10.00
2011-05-10Rodman & RenshawReiterationOutperform$11.00
2011-04-26Brean MurrayReiterationBuy$10.00
2011-04-21Global HunterReiterationBuy$10.00

CHOP is currently followed by 7 analysts. 6 give the stock a positive rating, 1 rate it neutral and 0 give it a negative rating. The average price target is 9.75.


    see all Analyst Ratings

 Recent Financings
2010-10-29Filing$100.00 mill--
2009-11-10Priced$24.00 mill4.80 mill shares$5.00

 Investor Presentations
2010-05-11 (HTML)   VIEW
CHOP
Steel
SCORE
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SAFETY/RISK SCORE
MODERATE RISK
DETAILS: Safety/Risk Model for CHOP
Current Price:  n/a
F10k Day (2009-11-02): -100.00%$7.00
2009 Close: -100.00%$5.60
2010 Close: -100.00%$5.88
2011 Close: -100.00%$3.35
High (2012-04-05): -100.00%$3.66
Low (2012-10-19): -100.00%$1.50
Exchange:
Market Capitalization: n/a
Total Shares: 48.39 mill
Float: n/a
Avg Volume: 316.20 k
Short Interest: 495.20 k
Short Ratio: 1.81%1.6 d
Last Quarter: 2010-12-31
Revenue (MRQ): 66.14 mill
Net Income (MRQ): 11.34 mill
Op. Cash Flow (MRQ): 17.50 mill
all financial data provided without warranty