China Tracker - Details for Zhongpin (HOGS)


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 Zhongpin
Shares Outstanding (MRQ): 35.27 mill 
New Shares / Dilution (TTM): 4.04 mill12.94% 
New Shares / Dilution (since Dec 31, 2008): 5.44 mill18.22% 
Cash (MRQ): 84.17 mill0.00%
Account Receivables (MRQ): 30.78 mill0.00%
Account Receivables (Q/Q): -5.83 mill  
Long-Term Debt (MRQ): 90.99 mill0.00%
Revenue Growth (Q/Q): 18.75% 
Revenue Growth (Y/Y): 32.85%
Net Income Growth (Q/Q): 22.50% 
Net Income Growth (Y/Y): 51.24%
EPS Growth (Y/Y): 33.91%
Net Margin (Q/Q): 6.3% (6.1%)0.20% 
Net Margin (Y/Y): 6.3% (5.5%)0.80% 
EPS | P/E (2 MRQ Projection): $1.850.00 
CFPS | P/CF (2 MRQ Projection): $2.800.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: BDO China Shu Lun Pan
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-03-19): $1.760.00 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2006-01-30 
Uplisting to Senior Exchange: on 2007-12-27 at $12.10 (-100.00% since Uplisting)

 Business Outlook

Zhongpin announced today that it disagrees with a recent story that appeared on the GeoInvesting homepage. The article contains numerous errors of fact and is riddled with unsupported speculation, innuendo, hyperbole, sensationalism, and leaps of logic. There are so many errors in the story, that most rational readers would easily conclude that the story was heavily slanted to support the writer's short position in Zhongpin shares. Zhongpin again states that the information contained in its filings with the SEC is accurate. The Company reserves all rights to take legal action against the writer and publisher of this inaccurate and misleading story.

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

Zhongpin approved an increase in the stock repurchase program of 30 million of its outstanding stock over the next 12 months. The stock repurchase program is authorized to be in effect through August 17, 2012. "We have strong confidence in our growth prospects as the Chinese economy continues to grow and our industry consolidates further, and in the fundamental strengths of the Company. This substantial increase in the size of our stock repurchase program is a clear sign of our strong commitment to create value for our loyal shareholders."

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

We are reaffirming our prior guidance for the year 2011 and have revised only the guidance earnings per share numbers to reflect the higher average shares that are outstanding as a result of our completed offering of 5 million common shares on March 22, 2011. For the year 2011, we expect that Zhongpin's sales revenues should be within a range of US$1.18 billion to $1.23 billion. Gross profit margin is expected to be within the range of 11.7% to 12.4%. Net profit margin is expected to be within the range of 5.7% to 6.3%.

Revising only for the higher average shares expected for the year 2011, the resulting diluted earnings per share for the year 2011 is currently expected to be within the range of $1.66 to $1.91 per share, assuming average diluted common shares outstanding of about 40.5 million shares in 2011. Zhongpin believes that China's meat and food industry will continue to consolidate in 2011 at a more rapid pace than in 2010, which may result in higher market shares for our main competitors. However, we believe that Zhongpin is equipped to meet the challenge of increasing competition and that our guidance for 2011 can be achieved.

(Source: PR Newswire, 2011-05-06)

    see all Business Outlook notes


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 Analyst Coverage (show more)
2011-08-29Piper JaffrayReiterationOverweight$21.30
2011-08-26ChardanReiterationBuy$14.50
2011-08-22Piper JaffrayReiterationOverweight$21.30
2011-08-10Roth CapitalReiterationNeutral$10.00
2011-08-09Piper JaffrayReiterationOverweight$26.50

HOGS is currently followed by 11 analysts. 9 give the stock a positive rating, 2 rate it neutral and 0 give it a negative rating. The average price target is 18.88.


    see all Analyst Ratings

 Recent Financings
2011-03-18Priced$70.50 mill5.00 mill shares$14.10
2010-12-10Filing$250.00 mill--
2009-10-09Priced$53.00 mill4.00 mill shares$13.25

 Investor Presentations
2010-03-15 (PDF)   DOWNLOAD (right click, save as)
HOGS
Food
SCORE
6
READ: Score Cards Explained
SAFETY/RISK SCORE
MODERATE RISK
DETAILS: Safety/Risk Model for HOGS
Current Price:  n/a
F10k Day (2007-03-23): -100.00%$7.50
2009 Close: -100.00%$15.61
2010 Close: -100.00%$20.40
2011 Close: -100.00%$8.52
High (2012-10-11): -100.00%$11.76
Low (2012-04-09): -100.00%$8.26
Exchange:
Market Capitalization: n/a
Total Shares: 35.27 mill
Float: n/a
Avg Volume: 1.46 mill
Short Interest: 6.29 mill
Short Ratio: 21.36%4.3 d
Last Quarter: 2010-12-31
Revenue (MRQ): 286.29 mill
Net Income (MRQ): 17.98 mill
Op. Cash Flow (MRQ): 48.04 mill
all financial data provided without warranty