China Tracker - Details for SORL Auto Parts (SORL)

 SORL Auto Parts
Shares Outstanding (MRQ): 19.30 mill
New Shares / Dilution (TTM): 0.43 mill2.30%
New Shares / Dilution (since Dec 31, 2008): 1.03 mill5.61% 
Cash (MRQ): 12.19 mill20.44% 
Account Receivables (MRQ): 64.41 mill107.98%
Account Receivables (Q/Q): + 10.24 mill18.91% 
Long-Term Debt (MRQ): 0.19 mill0.31%
Revenue Growth (Q/Q): -5.07% 
Revenue Growth (Y/Y): 34.59%
Net Income Growth (Q/Q): -7.89% 
Net Income Growth (Y/Y): 34.96%
EPS Growth (Y/Y): 31.93%
Net Margin (Q/Q): 10.3% (10.6%)-0.30% 
Net Margin (Y/Y): 10.3% (10.3%)0.00% 
EPS | P/E (2 MRQ Projection): $1.162.67
CFPS | P/CF (2 MRQ Projection): $1.202.57
Price/Sales (2 MRQ Projection): 0.28
Price/Book (MRQ): 0.43
Auditor: EFP Rotenberg
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-03-31): $1.302.38
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2004-05-07 
Uplisting to Senior Exchange: on 2006-04-18 at $6.60 (-53.19% since Uplisting)

 Business Outlook

For the third quarter of fiscal year 2011, management is expecting net sales to be approximately $45 million and net income to be approximately $3.6 million. These targets are based on the Company's current views on the operating and market conditions, which are subject to change. "While there can be increased headwind in OEM sector in the second half, we continue to strengthen our relationships with our key OEM customers as we are preparing ourselves for sector's resurgence in the future. Aftermarket remains our focus for the following quarters, as our capacity has been expanded and demand for our products remains high. On the international side, we will use our cost advantages and rising product quality to reach additional foreign markets and win more business with current international customers. Our R&D program continues to develop new value added products that increase sales in the OEM, aftermarket and international markets. We are mitigating our business risk in the current environment while we generate positive free cash flow. Our strategy is to also further penetrate into the bus and construction vehicle markets to enhance future growth. "

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

SORL Auto Parts has entered into a supply agreement with a new customer, Changsha Zoomlion Heavy Industry Science & Technology Development Co., China's leading manufacturer of construction machinery equipment. SORL will supply braking air processing unit (APU) technology for Zoomlion's crane trucks. Annual sales from this APU module to Zoomlion are expected to approximate RMB 10 million in 2011.

(Source: PR Newswire, 2011-07-25)

For the second quarter of fiscal year 2011, management is expecting net sales to be approximately $65 million and net income to be approximately $6.1million. While our OEM business achieved the largest sales gains, we are pleased to see more balance in aftermarket sales and exports as our production capacity has been expanded to meet market demand. We continue to build relationships with existing OEM customers and penetrate new markets.

(Source: PR Newswire, 2011-05-16)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-08-17Rodman & RenshawReiterationBuy$10.00
2011-08-15Gar WoodReiterationBuy$9.00
2011-08-15Piper JaffrayReiterationNeutral$5.00
2011-08-15Brean MurrayDowngradeHoldn/a
2011-08-11Roth CapitalReiterationBuy$7.00

SORL is currently followed by 8 analysts. 4 give the stock a positive rating, 4 rate it neutral and 0 give it a negative rating. The average price target is 9.40, which implies 204.20% upside from current price.


    see all Analyst Ratings

 Recent Financings
2010-02-04Priced$10.00 mill1.00 mill shares$10.00

 Investor Presentations
2010-01-22 (PDF)   DOWNLOAD (right click, save as)
SORL
Automobiles
SCORE
16
READ: Score Cards Explained
SAFETY/RISK SCORE
HIGH RISK
DETAILS: Safety/Risk Model for SORL
Current Price:  $3.09
F10k Day (2006-03-16): -25.73%$4.16
2009 Close: -64.12%$8.61
2010 Close: -63.78%$8.53
2011 Close: 31.48%$2.35
High (2012-04-27): -15.11%$3.64
Low (2012-09-10): 80.70%$1.71
Exchange: NGM
Market Capitalization: 59.65 mill
Total Shares: 19.30 mill
Float: 7,945,000.00 mill
Avg Volume: 128.20 k
Short Interest: 792.20 k
Short Ratio: 9.96%6.2 d
Last Quarter: 2011-03-31
Revenue (MRQ): 51.99 mill
Net Income (MRQ): 5.35 mill
Op. Cash Flow (MRQ): 8.35 mill
all financial data provided without warranty