China Tracker - Details for Zuoan Fashion (ZA)

 Zuoan Fashion
Shares Outstanding (MRQ): 27.68 mill
New Shares / Dilution (TTM): 6.00 mill27.67% 
Cash (MRQ): 72.82 mill0.00%
Account Receivables (MRQ): 47.02 mill0.00%
Account Receivables (Q/Q): 0.00 mill0.00% 
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): 99.39% 
Revenue Growth (Y/Y): 21.60% 
Net Income Growth (Q/Q): 99.20% 
Net Income Growth (Y/Y): 18.78% 
EPS Growth (Y/Y): -6.97%
Net Margin (Q/Q): 22.8% (22.8%)0.00% 
Net Margin (Y/Y): 22.8% (23.3%)-0.50% 
EPS | P/E (2 MRQ Projection): $1.160.00 
CFPS | P/CF (2 MRQ Projection): $0.340.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: Crowe Horwath
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-08-22): $1.350.00 
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: IPO on 2011-02-15 
IPO Price: $7.00 (-100.00% since IPO)

 Business Outlook

For the third quarter of 2011, the Company currently anticipates revenue in the range of $63.4 - $66.5 million, gross margin of approximately 43-44%, net income of approximately $12.4 - $13.0 million and basic and fully diluted EPS of approximately $0.11 - $0.12. The Company expects to have approximately 111.3 million number of shares (27.8 million ADSs) outstanding during the quarter ending September 30, 2011.

For the full year 2011, the Company currently anticipates revenue in the range of $179.5 - $185.7 million, net income of approximately $36.4 - $37.8 million and basic and fully diluted EPS of approximately $0.33 – $0.34. Zuoan expects to open approximately 12 and 6 self-operated flagship stores in the third and fourth quarters, respectively. Approximately 60-70 new retail stores and 12 flagship stores are expected to be opened by distributors in the third quarter of 2011.

"Going forward, we look forward to continuing our efforts with a focus on expanding our distribution network coverage, strengthening our design capabilities, rolling out our flagship store network and furthering our marketing activities. We are confident with our efforts to establish Zuoan as a leading domestic menswear brand in China’s fast growing fashion casual menswear market."

(Source: Business Wire, 2011-08-22)

For the second quarter of 2011, the Company currently anticipates revenue in the range of $31.3-$32.8 million, gross margin of approximately 41-42%, net income of approximately $6.4-$6.6 million and diluted EPS of approximately $0.06. Approximately 25-30 new retail stores are expected to be opened by distributors in the second quarter of 2011. The Company expects additional gross margin and average selling price growth in second half of 2011 due to an expected increase in wholesale prices to the Company’s distributors.

(Source: Business Wire, 2011-05-19)

For the first quarter of 2011, the Company currently anticipates revenue in the range of $30.3 - $31.1 million, gross margin of approximately 41-42%, net income of approximately $6.5 - $6.7 million and diluted EPS of approximately $0.07. Approximately 22 new retail stores are expected to be opened by distributors in the first quarter of 2011. Revenue in the first half of 2011 is expected in the range of $62.9 - $64.4 million. Gross margin is expected to be in the 41-42% range in the first half of 2011, with additional gross margin and ASP growth expected in second half of 2011 due to an expected increase in wholesale prices to Company's distributors.

(Source: Business Wire, 2011-04-14)


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 Analyst Coverage (show more)
2011-08-16Janney Montgomery ScottReiterationNeutral$7.00
2011-05-20RBC Capital MarketsReiterationOutperform$9.50
2011-05-19Janney Montgomery ScottReiterationNeutraln/a
2011-05-19Cowen & Co.ReiterationOutperformn/a
2011-04-14Cowen & Co.ReiterationOutperformn/a

ZA is currently followed by 3 analysts. 2 give the stock a positive rating, 1 rate it neutral and 0 give it a negative rating. The average price target is 8.25.


    see all Analyst Ratings
ZA
Retail/Consumer
SCORE
1
READ: Score Cards Explained
Current Price:  n/a
F10k Day (2011-02-15): -100.00%$7.04
2011 Close: -100.00%$4.15
High (2012-08-21): -100.00%$5.52
Low (2012-10-19): -100.00%$2.80
Exchange:
Market Capitalization: n/a
Total Shares: 27.68 mill
Float: n/a
Avg Volume: 4.10 k
Short Interest: 64.50 k
Short Ratio: 1.20%15.7 d
Last Quarter: 2010-09-30
Revenue (MRQ): 46.97 mill
Net Income (MRQ): 10.71 mill
Op. Cash Flow (MRQ): 2.34 mill
all financial data provided without warranty