China Tracker - Details for China Zenix Auto (ZX)

 China Zenix Auto
Shares Outstanding (MRQ): 51.61 mill
New Shares / Dilution (TTM): 11.61 mill29.03% 
Cash (MRQ): 107.69 mill131.22%
Account Receivables (MRQ): 116.13 mill141.50%
Account Receivables (Q/Q): 0.00 mill0.00% 
Long-Term Debt (MRQ): 46.83 mill57.06%
Revenue Growth (Q/Q): 19.89% 
Revenue Growth (Y/Y): 51.19%
Net Income Growth (Q/Q): 35.16% 
Net Income Growth (Y/Y): 87.93%
EPS Growth (Y/Y): 45.65%
Net Margin (Q/Q): 12.9% (11.5%)1.50% 
Net Margin (Y/Y): 12.9% (10.4%)2.50% 
EPS | P/E (2 MRQ Projection): $1.371.16
CFPS | P/CF (2 MRQ Projection): $1.461.09
Price/Sales (2 MRQ Projection): 0.14
Price/Book (MRQ): 0.37
Auditor: Deloitte Touche
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2012-10-21): $1.800.88
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: IPO on 2011-05-12 
IPO Price: $6.00 (-73.50% since IPO)

 Business Outlook

China Zenix Auto has entered into a Memorandum of Understanding to form a strategic partnership with SinoTruk (Hong Kong) Limited (3808.HK) ("SinoTruk"), a subsidiary of China National Heavy Duty Truck Group, the third largest heavy-truck manufacturer in Mainland China.

(Source: PR Newswire, 2011-08-18)

Management's revenue guidance for the year ending December 31, 2011 is approximately RMB 4.0 billion. "With the capital infusion from our IPO, we will continue to further broaden our exclusive distribution network in China and increase investment in R&D. We are encouraged by the growing acceptance of our higher value added tubeless wheels in China. We believe that our newly strengthened financial resources will enable us to achieve our long-term strategic plans in China and India, as well as other potential markets."

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

 Analyst Coverage (show more)
2011-08-16OppenheimerReiterationOutperform$8.00
2011-08-15Morgan StanleyReiterationOverweight$7.40
2011-08-10William BlairInitiationOutperformn/a
2011-06-21OppenheimerInitiationOutperform$8.00

ZX is currently followed by 3 analysts. All 3 give the stock a positive rating. The average price target is 7.70, which implies 384.24% upside from current price.

ZX
Automobiles
SCORE
14
READ: Score Cards Explained
SAFETY/RISK SCORE
MODERATE RISK
DETAILS: Safety/Risk Model for ZX
Current Price:  $1.59
F10k Day (2011-05-12): -74.56%$6.25
2011 Close: -46.82%$2.99
High (2012-04-05): -58.60%$3.84
Low (2012-07-12): -28.70%$2.23
Exchange: NYQ
Market Capitalization: 82.07 mill
Total Shares: 51.61 mill
Float: 13,093,000.00 mill
Avg Volume: 70.10 k
Short Interest: 265.50 k
Short Ratio: n/a3.8 d
Last Quarter: 2011-03-31
Revenue (MRQ): 156.90 mill
Net Income (MRQ): 20.30 mill
Op. Cash Flow (MRQ): 18.90 mill
all financial data provided without warranty