China Tracker - Details for China Recycling Energy (CREG)

 China Recycling Energy
Shares Outstanding (MRQ): 55.13 mill
New Shares / Dilution (TTM): 6.15 mill12.56% 
New Shares / Dilution (since Dec 31, 2008): 5.42 mill10.91% 
Cash (MRQ): 5.09 mill5.98%
Account Receivables (MRQ): 1.65 mill1.94%
Account Receivables (Q/Q): + 0.94 mill  
Long-Term Debt (MRQ): 48.20 mill56.61%
Revenue Growth (Q/Q): 122.59% 
Revenue Growth (Y/Y): 102.37%
Net Income Growth (Q/Q): 91.49% 
Net Income Growth (Y/Y): 116.07%
EPS Growth (Y/Y): 91.95%
Net Margin (Q/Q): 32.9% (38.3%)-5.40% 
Net Margin (Y/Y): 32.9% (30.9%)2.10% 
EPS | P/E (2 MRQ Projection): $0.413.77
CFPS | P/CF (2 MRQ Projection): $0.403.84
Price/Sales (2 MRQ Projection): 1.30 
Price/Book (MRQ): 1.44 
Auditor: Goldman Parks Kurland Mohidin
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2010-10-31): $0.384.07
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2004-06-23 
Uplisting to Senior Exchange: on 2010-03-22 at $5.25 (-70.58% since Uplisting)

 Business Outlook

As for the remainder of the year and going forward, the demand for CREG's waste-to-energy services and the potential list of heavy industrial customers is extremely vast. We have the advantage over our competitors of not only having Cinda's support of their heavy industrial, energy intensive portfolio companies to using CREG for their energy recovery needs but also we have the ability and the resources to finance our customers directly, an advantage that no meaningful player in the market has right now. Announced in July, Cinda has recently provided a financial leasing option to us for financing which was negotiated at a very good rate in comparison to onshore lending. Looking ahead and as mentioned before, we are currently in the midst of evaluating other strategic financing options for our projects, in an effort to better grow our business organically and via acquisition. We look forward to updating the investment community and our shareholders on this endeavor. In the meantime, we will continue to execute on our growth strategy of bringing more energy savings to our customers and growing our client portfolio.

(Source: PR Newswire, 2011-08-15)

We are now in the midst of constructing Erdos Phase III, a 25 MW waste heat power generation system, which we anticipate will be completed in the third quarter of 2011, bringing our total capacity close to 146 MW. On an on-going basis, CREG employs its expertise to find more avenues to recycle energy and provide saving to new types of energy intensive industries. We have a wealth of projects ahead of us, some that we will embark upon and even more that we will evaluate and select for our energy recovery services down the road. China Cinda, one of our strategic partners, has provided CREG referrals to many of their industrial clients and we expect to source clientele from those relationships in the future. Right now, we are evaluating additional strategic financing options for our projects, and anticipate reducing the interest cost in this area in the future. We look forward to updating the investment community as more large projects are formerly signed and financed.

(Source: PR Newswire, 2011-05-17)

As mentioned earlier in the year, CREG entered into a strategic and capital based cooperation agreement with China Cinda Asset Management Co. ("Cinda"), one of the largest state-owned financial institutions in China. Cinda has become a tactical long term partner helping us to expand our customer base to larger and more involved industrial players and to further grow our market share in the promising waste-to-energy market in China. Already Cinda has assisted with the development of our large projects such as the Phases IV and V of the joint venture between Xi'an TCH and Erdos Metallurgy. Of Cinda's industrial relationships, CREG has estimated that 300 potential projects can be undertaken in the near term provided financing is available for our use. We are currently working to evaluate all of our financing options to better support our company, our clients and in turn, increase our book of business and market share in this booming space. We are excited about the coming year and the seemingly endless pipeline we have ahead of us. We look forward to updating you as more projects are finalized, financed and announced.

(Source: PR Newswire, 2011-04-01)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-05-18Gar WoodReiterationBuy$6.00
2011-05-18Rodman & RenshawReiterationOutperform$6.00
2011-04-06Rodman & RenshawReiterationOutperform$6.00
2011-01-07Gar WoodReiterationBuy$6.00
2011-01-06Rodman & RenshawReiterationOutperform$6.00

CREG is currently followed by 3 analysts. All 3 give the stock a positive rating. The average price target is 6.00, which implies 288.39% upside from current price.


    see all Analyst Ratings

 Investor Presentations
2011-03-07 (HTML)   VIEW
2011-01-24 (PDF)   DOWNLOAD (right click, save as)
CREG
Clean Energy
SCORE
11
READ: Score Cards Explained
SAFETY/RISK SCORE
EXTREME RISK
DETAILS: Safety/Risk Model for CREG
Current Price:  $1.54
F10k Day (2005-07-01): 8.78%$1.42
2009 Close: -62.51%$4.12
2010 Close: -48.68%$3.01
2011 Close: 28.73%$1.20
High (2012-02-28): 21.63%$1.27
Low (2012-08-22): 86.12%$0.83
Exchange: NCM
Market Capitalization: 85.16 mill
Total Shares: 55.13 mill
Float: 3,402,000.00 mill
Avg Volume: 19.50 k
Short Interest: 195.90 k
Short Ratio: 1.49%10.0 d
Last Quarter: 2010-06-30
Revenue (MRQ): 22.54 mill
Net Income (MRQ): 7.42 mill
Op. Cash Flow (MRQ): 5.54 mill
all financial data provided without warranty