China Tracker - Details for China Marine Food (CMFO)

 China Marine Food
Shares Outstanding (MRQ): 29.68 mill
New Shares / Dilution (TTM): 4.66 mill18.63% 
New Shares / Dilution (since Dec 31, 2008): 6.67 mill28.97% 
Cash (MRQ): 35.20 mill1,694.48%
Account Receivables (MRQ): 16.35 mill787.12%
Account Receivables (Q/Q): -32.18 mill-66.31%
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): -49.52% 
Revenue Growth (Y/Y): 35.65%
Net Income Growth (Q/Q): -9.88% 
Net Income Growth (Y/Y): 43.10%
EPS Growth (Y/Y): 20.62%
Net Margin (Q/Q): 21.1% (11.8%)9.30% 
Net Margin (Y/Y): 21.1% (20.0%)1.10% 
EPS | P/E (2 MRQ Projection): $0.800.09
CFPS | P/CF (2 MRQ Projection): $1.220.06
Price/Sales (2 MRQ Projection): 0.01
Price/Book (MRQ): 0.02
Auditor: BDO China Li Xin Da Hua
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-10-03): $0.700.10
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2007-11-17 
Uplisting to Senior Exchange: on 2009-08-10 at $5.60 (-98.75% since Uplisting)

 Business Outlook

Sales of the Company's seafood products have been adversely affected by consumers' perception of safety in relation to the nuclear disaster in Japan. Softness in sales that began in late March has persisted through the second quarter of 2011. While China Marine is confident the seafood it uses to produce Mingxiang® snack foods are safe, it is unclear how long it will take for consumer confidence in seafood products to normalize.

(Source: PR Newswire, 2011-06-30)

China Marine Food reaffirms 2011 guidance of at least $150.0 million revenues; $27.3 million adjusted net income and provides $0.93 in adjusted EPS.

(Source: PR Newswire, 2011-05-09)

Company Provides 2011 Guidance: $150.0+ million in revenues and $27.3 million in adjusted net income. The Company broke ground on its cold storage facility in April of 2010 and completed the foundation of the building in the beginning of 2011. China Marine anticipates completing this facility in the second half of 2011. The project is expected to contribute approximately $8.0 million in revenues and $4.0 million in net income yearly once fully operational. Capital expenditures year-to-date were $11.6 million, while management expects a total spend of approximately $20.0 million, including the land cost, to complete the build-out.

(Source: PR Newswire, 2011-03-02)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-03-04Global HunterReiterationBuy$10.00
2011-03-01Rodman & RenshawReiterationOutperform$9.00
2010-11-17Rodman & RenshawInitiationOutperform$9.00
2010-11-11Global HunterReiterationBuy$10.00
2010-11-10Hudson SecuritiesReiterationBuy$8.00

CMFO is currently followed by 4 analysts. All 4 give the stock a positive rating. The average price target is 9.50, which implies 13,471.42% upside from current price.


    see all Analyst Ratings

 Recent Financings
2009-09-14Filing$30.00 mill--
CMFO
Food
SCORE
16
READ: Score Cards Explained
SAFETY/RISK SCORE
EXTREME RISK
DETAILS: Safety/Risk Model for CMFO
Current Price:  $0.07
F10k Day (2008-05-21): -98.00%$3.50
2009 Close: -99.03%$7.20
2010 Close: -98.71%$5.40
2011 Close: -94.12%$1.19
High (2012-02-08): -96.00%$1.75
Low (2012-06-20): -89.40%$0.66
Exchange: PNK
Market Capitalization: 2.08 mill
Total Shares: 29.68 mill
Float: n/a
Avg Volume: 109.40 k
Short Interest: 1.21 mill
Short Ratio: 10.39%11.1 d
Last Quarter: 2011-03-31
Revenue (MRQ): 26.66 mill
Net Income (MRQ): 5.62 mill
Op. Cash Flow (MRQ): 21.47 mill
all financial data provided without warranty