China Tracker - Details for Lentuo International (LAS)

 Lentuo International
Shares Outstanding (MRQ): 48.62 mill 
New Shares / Dilution (TTM): 8.71 mill21.84% 
Cash (MRQ): 122.17 mill0.00%
Account Receivables (MRQ): 6.46 mill0.00%
Account Receivables (Q/Q): -1.03 mill  
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): 18.43% 
Revenue Growth (Y/Y): 69.97%
Net Income Growth (Q/Q): 10.30% 
Net Income Growth (Y/Y): 40.24%
EPS Growth (Y/Y): 15.10%
Net Margin (Q/Q): 4.4% (4.8%)-0.30% 
Net Margin (Y/Y): 4.4% (5.4%)-0.90% 
EPS | P/E (2 MRQ Projection): $0.580.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: Ernst & Young
* operating cash flow data not (yet) included
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-04-23): $0.750.00 
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: IPO on 2010-12-10 
IPO Price: $8.00 (-100.00% since IPO)

 Business Outlook

Due to the challenges resulting from the effects of the Beijing traffic congestion control measures, the Company is adjusting its estimated fiscal year 2011 revenues to approximately RMB 3.3 to 3.6 billion ($510.1 million to $557.0 million). The Company estimates that its revenues for the third quarter of 2011 will be approximately RMB 740 to 760 million ($115.6 million to $118.8 million), representing a year-over-year decrease of approximately 21.8% to 19.6%. Over the long-term, we believe the Company will continue to gain market share in Beijing and operations outside the Beijing market will offset the short-term negative impact resulting from the policy change.

"While we expect continued challenges in the short term as a result of the recent policy change in Beijing, we believe our multi-pronged strategy to overcome these headwinds, by promoting our higher-margin repair and maintenance services, in combination with the continued expansion of our dealership footprint, will begin to positively impact our financial results in the second half of this fiscal year. We remain committed to taking the necessary steps to evolve and grow our business to take full advantage of China's large, rapidly growing automobile market and enhance shareholder value."

(Source: PR Newswire, 2011-08-22)

In 2011, we expect to generate total revenues of RMB 3.5 billion to 4.0 billion, or $541 million to $618 million. Not only are we confident in our near-term financial outlook, through our aggressive expansion efforts we are also building a strong foundation for continued revenue and earnings growth in the years to come.

(Source: PR Newswire, 2011-07-12)

The Company estimates that its revenues for the second quarter of 2011 will be approximately $99.3 million to $103.8 million, representing a year-over-year decrease of approximately 11.2% to 7.1%. "Although we expect second-quarter sales to be impacted by the recent policy changes in Beijing, we are working to overcome this challenge by enhancing and promoting our repair, maintenance and other service offerings, which generate significantly higher margins compared to new vehicle sales. Additionally, we plan to leverage our leadership position in Beijing to capitalize on local market consolidation opportunities and support our geographic expansion. We firmly believe that we have the right platform to take full advantage of China’s huge, rapidly growing auto market."

(Source: Business Wire, 2011-05-31)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-08-22Cowen & Co.ReiterationOutperformn/a
2011-08-15Cowen & Co.ReiterationOutperformn/a
2011-07-28Cowen & Co.ReiterationOutperformn/a
2011-07-07Cowen & Co.ReiterationOutperformn/a
2011-05-31Cowen & Co.ReiterationOutperformn/a

LAS is currently followed by 2 analysts. 1 give the stock a positive rating, 1 rate it neutral and 0 give it a negative rating.


    see all Analyst Ratings
LAS
Automobiles
SCORE
5
READ: Score Cards Explained
SAFETY/RISK SCORE
MODERATE RISK
DETAILS: Safety/Risk Model for LAS
Current Price:  n/a
F10k Day (2010-12-10): -100.00%$8.38
2010 Close: -100.00%$7.01
2011 Close: -100.00%$2.51
High (2012-02-29): -100.00%$5.09
Low (2012-08-15): -100.00%$0.75
Exchange:
Market Capitalization: n/a
Total Shares: 48.62 mill
Float: n/a
Avg Volume: 22.30 k
Short Interest: 64.10 k
Short Ratio: 0.30%2.9 d
Last Quarter: 2010-12-31
Revenue (MRQ): 167.42 mill
Net Income (MRQ): 7.42 mill
all financial data provided without warranty