China Tracker - Details for NQ Mobile (NQ)

 NQ Mobile
Shares Outstanding (MRQ): 83.89 mill
New Shares / Dilution (TTM): 7.75 mill10.18% 
Cash (MRQ): 24.46 mill7.86%
Account Receivables (MRQ): 10.08 mill3.24%
Account Receivables (Q/Q): 0.00 mill0.00% 
Long-Term Debt (MRQ): 0.19 mill0.06%
Revenue Growth (Q/Q): 78.04% 
Revenue Growth (Y/Y): 213.02%
Net Income Growth (Q/Q): 482.20% 
Net Income Growth (Y/Y): N/A (BACK TO PROFITABILITY)
EPS Growth (Y/Y): N/A (BACK TO PROFITABILITY)
Net Margin (Q/Q): 38.2% (11.7%)26.50% 
Net Margin (Y/Y): 38.2% (-15.6%)53.80% 
EPS | P/E (2 MRQ Projection): $0.0845.62
CFPS | P/CF (2 MRQ Projection): $0.02149.78
Price/Sales (2 MRQ Projection): 13.07
Price/Book (MRQ): 2.47 
Auditor: PricewaterhouseCoopers
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2012-10-21): $0.953.91
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: IPO on 2011-05-05 
IPO Price: $11.50 (-67.74% since IPO)

 Business Outlook

We consider NetQin's stock to be severely undervalued currently. We saw strong growth momentum across all of the Company's security and productivity offerings during the first quarter of this year as the Company achieved record high numbers of registered users, active users and paying users. The plan to purchase NetQin shares on the open market demonstrates our confidence in the Company and reflects our commitment to executing our long-term strategic vision and to delivering shareholder value. Given that the cash value per NetQin ADS is now more than $2, we do not believe the Company's tremendous growth prospects are fully reflected in the current stock price.

(Source: PR Newswire, 2011-06-16)

NetQin Mobile today formally commented on certain public allegations of fraudulent practices by NetQin and by Beijing Feiliu Jiutian Technology Co., a company in which NetQin holds a 33% equity interest. The Company emphasized that the allegations made by certain parties against NetQin and Beijing Feiliu are entirely false. "NetQin stands behind the quality, integrity and credibility of all its products and business practices and is committed to ensuring that all NetQin mobile apps are safe and secure. Moreover, NetQin reserves all its legal rights to take further action regarding this matter to defend its reputation."

(Source: PR Newswire, 2011-06-02)

The Company expects net revenues to be in the range of $8.6 million and $8.8 million for the second quarter of 2011, representing year-over-year growth of 139% to 144% and quarter-over-quarter growth of 13% to 16%. For the full year of 2011, the Company expects net revenues to be in the range of $37.5 million and $38.5 million, an increase of 112% to 118% compared to fiscal year 2010.

(Source: PR Newswire, 2011-06-01)

 Analyst Coverage (show more)
2011-08-05OppenheimerReiterationOutperform$9.00
2011-08-04Piper JaffrayReiterationOverweight$11.00
2011-08-04CanaccordReiterationBuy$10.00
2011-08-02CanaccordReiterationBuy$9.00
2011-08-02Piper JaffrayReiterationOverweight$10.00

NQ is currently followed by 3 analysts. All 3 give the stock a positive rating. The average price target is 10.00, which implies 169.54% upside from current price.


    see all Analyst Ratings
NQ
Telecommunications
SCORE
4
READ: Score Cards Explained
SAFETY/RISK SCORE
MODERATE RISK
DETAILS: Safety/Risk Model for NQ
Current Price:  $3.71
F10k Day (2011-05-05): -60.11%$9.30
2011 Close: -29.61%$5.27
High (2012-04-18): -70.79%$12.70
Low (2012-07-27): -42.31%$6.43
Exchange: NYQ
Market Capitalization: 311.25 mill
Total Shares: 83.89 mill
Float: 88,159,000.00 mill
Avg Volume: 305.90 k
Short Interest: 1.38 mill
Short Ratio: 5.25%4.5 d
Last Quarter: 2011-03-31
Revenue (MRQ): 7.62 mill
Net Income (MRQ): 2.91 mill
Op. Cash Flow (MRQ): 1.98 mill
all financial data provided without warranty