China Tracker - Details for ChinaNet Online (CNET)

 ChinaNet Online
Shares Outstanding (MRQ): 20.90 mill
New Shares / Dilution (TTM): 6.07 mill40.95%
New Shares / Dilution (since Dec 31, 2008): 7.11 mill51.52% 
Cash (MRQ): 15.59 mill60.66%
Account Receivables (MRQ): 4.32 mill16.80% 
Account Receivables (Q/Q): -0.14 mill-3.05%
Long-Term Debt (MRQ): 0.13 mill0.51%
Revenue Growth (Q/Q): 17.03% 
Revenue Growth (Y/Y): -0.08%
Net Income Growth (Q/Q): 21.41% 
Net Income Growth (Y/Y): 19.80% 
EPS Growth (Y/Y): -15.00%
Net Margin (Q/Q): 45.2% (43.6%)1.60% 
Net Margin (Y/Y): 45.2% (37.7%)7.50% 
EPS | P/E (2 MRQ Projection): $0.821.50
CFPS | P/CF (2 MRQ Projection): $0.522.38
Price/Sales (2 MRQ Projection): 0.67
Price/Book (MRQ): 0.72
Auditor: Marcum Bernstein & Pinchuk 
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-03-31): $0.851.45
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2009-06-26 
Uplisting to Senior Exchange: on 2010-03-04 at $3.99 (-69.18% since Uplisting)

 Business Outlook

"The significant slowdown in the SME market overshadowed the underlying progress we continue make in our strategic vision. We believe our decision to diversify our customer base and expand our service offerings will allow us to navigate this downturn better than our competitors. With more than $16 million in cash and no debt, we are able to maintain investments in attractive opportunities such as our social networking services information platform, chuanye.com, and advertising and marketing platform, Liansuo.com. Regardless of the depth and duration of the slowdown, we remain confident we will emerge as a more resilient and competitive company."

Due to uncertainties surrounding the economic environment and monetary policies in China and its impact on small business customers, ChinaNet will no longer provide financial guidance. The Company will continue to communicate relevant news to investors as they occur.

(Source: Globe Newswire, 2011-08-16)

Management reaffirms its full year 2011 forecast for revenues to be between $50 and $54 million for 2011 and net income of $17.5 to $18.2 million. This guidance represents 20%-30% and 19%-24% growth in revenues and net income, respectively.

(Source: Globe Newswire, 2011-05-17)

Management expects revenues to be between $50 and $54 million for 2011, and net income guidance of $17.5 million to $18.2 million, which represents year-over-year growth of 20%-30% and 19%-24%, respectively. The Company's strategy is aimed at gaining market share by exclusively targeting the SME market. The Company expects branded customers to drive higher revenue per customer across its advertising platform while value added services generate incremental higher margin revenue from the installed customer base.

(Source: Globe Newswire, 2011-03-31)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-05-20Roth CapitalDowngradeNeutral$2.50
2011-04-01Ladenburg ThalmannReiterationBuy$7.00
2011-04-01Roth CapitalReiterationBuy$5.00
2011-02-22Ladenburg ThalmannInitiationBuy$7.00
2010-11-16Roth CapitalReiterationBuy$9.00

CNET is currently followed by 2 analysts. 1 give the stock a positive rating, 1 rate it neutral and 0 give it a negative rating. The average price target is 4.75, which implies 286.17% upside from current price.


    see all Analyst Ratings

 Investor Presentations
2011-05-05 (HTML)   VIEW
2011-03-08 (HTML)   VIEW
2010-07-19 (HTML)   VIEW
2010-04-01 (PDF)   DOWNLOAD (right click, save as)
CNET
Media & Advertising
SCORE
12
READ: Score Cards Explained
SAFETY/RISK SCORE
MODERATE RISK
DETAILS: Safety/Risk Model for CNET
Current Price:  $1.23
F10k Day (2009-09-22): -70.72%$4.20
2009 Close: -77.23%$5.40
2010 Close: -72.85%$4.53
2011 Close: 11.81%$1.10
High (2012-04-13): -5.39%$1.30
Low (2012-09-20): 272.72%$0.33
Exchange: NCM
Market Capitalization: 25.70 mill
Total Shares: 20.90 mill
Float: 7,416,000.00 mill
Avg Volume: 13.10 k
Short Interest: 19.50 k
Short Ratio: 0.09%1.5 d
Last Quarter: 2010-12-31
Revenue (MRQ): 10.41 mill
Net Income (MRQ): 4.71 mill
Op. Cash Flow (MRQ): 0.35 mill
all financial data provided without warranty