China Tracker - Details for China Real Estate Information (CRIC)

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 WARNING: Form 15 filed with the SEC!
 China Real Estate Information
Shares Outstanding (MRQ): 147.07 mill
New Shares / Dilution (TTM): 11.25 mill8.28%
Cash (MRQ): 340.72 mill42.12%
Account Receivables (MRQ): 60.97 mill7.54%
Account Receivables (Q/Q): + 10.76 mill  
Long-Term Debt (MRQ): 39.97 mill4.94%
Revenue Growth (Q/Q): 32.11% 
Revenue Growth (Y/Y): 50.99%
Net Income Growth (Q/Q): 16.05% 
Net Income Growth (Y/Y): -2.62%
EPS Growth (Y/Y): -10.06%
Net Margin (Q/Q): 27.8% (31.6%)-3.80% 
Net Margin (Y/Y): 27.8% (43.1%)-15.30% 
EPS | P/E (2 MRQ Projection): $0.4412.53
Price/Sales (2 MRQ Projection): 3.69
Price/Book (MRQ): 0.82
Auditor: Deloitte Touche
* operating cash flow data not (yet) included
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-05-22): $0.5210.58
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: IPO on 2009-10-16 
IPO Price: $12.00 (-54.17% since IPO)

 Business Outlook

E-House completed its merger with CRIC, previously listed on the NASDAQ Global Select Market under the ticker symbol 'CRIC', on April 20, 2012. As a result of the Merger, CRIC has become a wholly-owned subsidiary of E-House and CRIC's ADSs ceased trading.

(Source: PR Newswire, 2012-04-20)

CRIC estimates that its total revenues for the third quarter of 2011 will be in the range of $68 million to $70 million, compared to $47.2 million in the same quarter of 2010. Total revenues estimate includes estimated revenues from real estate online services of $40 million to $41 million, compared to $19.1 million in the same quarter of 2010, and estimated revenues from real estate information and consulting services and other services of $28 million to $29 million, compared to $28.1 million in the same quarter of 2010.

(Source: PR Newswire, 2011-08-17)

China Real Estate Information Corporation announced today that Mr. Xin Zhou, co-chairman and chief executive officer of the Company, intends to use his personal funds to purchase up to an aggregate of US$10 million of CRIC's American depositary shares in open market transactions within the next 12 months. "My plan to purchase CRIC's ADSs is based on my belief that the Company's shares are presently undervalued. Despite the challenging real estate market conditions, CRIC is on track to deliver strong, consistent growth by leveraging its real estate database and portal and search-based online advertising models to gain market share. I am confident in CRIC's ability to execute its business strategies and continue its solid organic growth while capitalizing on new initiatives, such as the launch of its real estate e-commerce business and extended strategic partnership with Baidu, Inc., to generate long-term value for its shareholders."

(Source: PR Newswire, 2011-06-22)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-08-18Credit SuisseReiterationOutperform$8.00
2011-08-02William BlairReiterationMarket Performn/a
2011-06-01Credit SuisseReiterationOutperform$8.00
2011-05-31William BlairReiterationMarket Performn/a

CRIC is currently followed by 6 analysts. 5 give the stock a positive rating, 1 rate it neutral and 0 give it a negative rating. The average price target is 10.85, which implies 97.27% upside from current price.

    see all Analyst Ratings
Real Estate

READ: Score Cards Explained
DETAILS: Safety/Risk Model for CRIC
Current Price:  $5.50
F10k Day (2009-10-16): -61.27%$14.20
2009 Close: -49.91%$10.98
2010 Close: -42.71%$9.60
2011 Close: 35.80%$4.05
High (2011-08-01): -22.10%$7.06
Low (2011-10-07): 49.45%$3.68
Exchange: PRIVATE
Market Capitalization: 808.91 mill
Total Shares: 147.07 mill
Float: n/a
Avg Volume: 474.70 k
Short Interest: 987.00 k
Short Ratio: 6.10%2.1 d
Last Quarter: 2010-12-31
Revenue (MRQ): 62.39 mill
Net Income (MRQ): 17.34 mill
all financial data provided without warranty