China Tracker - Details for Lihua International (LIWA)

 Lihua International
Shares Outstanding (MRQ): 29.95 mill
New Shares / Dilution (TTM): 10.82 mill56.55%
Cash (MRQ): 90.61 mill67,239.64%
Account Receivables (MRQ): 32.97 mill24,469.22%
Account Receivables (Q/Q): + 3.77 mill12.92% 
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): 40.62% 
Revenue Growth (Y/Y): 164.26%
Net Income Growth (Q/Q): 33.79% 
Net Income Growth (Y/Y): 72.92%
EPS Growth (Y/Y): 10.46%
Net Margin (Q/Q): 9.9% (10.4%)-0.50% 
Net Margin (Y/Y): 9.9% (15.1%)-5.20% 
EPS | P/E (2 MRQ Projection): $1.560.00
CFPS | P/CF (2 MRQ Projection): $0.750.01
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00
Auditor: Crowe Horwath
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-02-21): $1.850.00
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: IPO on 2009-09-04 
IPO Price: $4.00 (-99.89% since IPO)

 Business Outlook

Upon confirmation of receipt from the SAIC, Lihua posted on its website scanned copies of its subsidiaries' 2010 SAIC reports, as well a table reconciling the major Income Statement items of the Company's 2010 annual report on Form 10-K, filed with the U.S. Securities and Exchange Commission on March 14, 2011.

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

In conjunction with the projected profitability improvement from importing scrap copper, as well as continued strong demand in China for recycled copper and copper alternatives, Lihua has raised its 2011 gross profit guidance to be between $81.0 million and $83.0 million, and non-GAAP net income guidance to be between $53.0 million and $55.0 million, representing year-over-year growth of 30.4-33.7% and 32.2-37.2% respectively.

(Source: PR Newswire, 2011-06-22)

Lihua expects 2011 gross profit to be between $80.0 million and $82.0 million, and non-GAAP net income between $52.0 million and $54.0 million, representing year-over-year growth of 29-32% and 30-35%, respectively. The Company expects that 2011 growth will be largely the result of continued strong demand in China for recycled copper and copper alternatives in the household appliance, consumer white goods and infrastructure markets.

Lihua's 2011 financial projections assume one quarter of production and sales contribution from its new copper recycling facility, which is currently under construction and due to commence production by the beginning of fourth quarter 2011. Guidance also excludes any favorable impact on cost of goods sold from the direct import of scrap copper that Lihua plans to undertake once it obtains the importers' license for which Lihua has applied. Lihua expects that launching production at its new facility ahead of the timeframe currently anticipated, or receiving its importers' license from the Chinese government would provide a positive impact on its current gross profit and non-GAAP net income expectations.

"2011 has gotten off to an excellent start for Lihua, both operationally and strategically. We continue to grow our business thanks to the sizeable end market demand for our products, while positioning the Company for further success in the long-term. Construction at our new copper recycling facility, which will double our production capacity to 100,000 tons, is proceeding according to plan, and we are making progress toward fulfilling the final requirement necessary for our import license. Each of these events represents a significant catalyst for Lihua, and they will be instrumental in taking the Company to its next level of operational and financial success."

(Source: PR Newswire, 2011-05-10)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-05-24ChardanReiterationBuy$18.00
2011-05-11Rodman & RenshawReiterationOutperform$18.00
2011-04-20Global HunterReiterationBuy$20.00
2011-04-13Global HunterReiterationBuy$20.00
2011-03-21Global HunterReiterationBuy$20.00

LIWA is currently followed by 3 analysts. All 3 give the stock a positive rating. The average price target is 18.67, which implies 414,714.81% upside from current price.


    see all Analyst Ratings

 Recent Financings
2010-04-09Priced$30.75 mill3.73 mill shares$8.25

 Investor Presentations
2010-09-16 (HTML)   VIEW
2010-05-17 (HTML)   VIEW
2010-04-20 (PDF)   DOWNLOAD (right click, save as)
LIWA
Basic Materials
SCORE
15
READ: Score Cards Explained
SAFETY/RISK SCORE
MODERATE RISK
DETAILS: Safety/Risk Model for LIWA
Current Price:  $0.00
F10k Day (2009-09-04): -99.92%$5.41
2009 Close: -99.96%$10.45
2010 Close: -99.96%$11.24
2011 Close: -99.91%$4.76
High (2012-02-03): -99.94%$6.89
Low (2012-09-10): -99.87%$3.35
Exchange: PNK
Market Capitalization: 0.13 mill
Total Shares: 29.95 mill
Float: n/a
Avg Volume: 240.90 k
Short Interest: 2.90 mill
Short Ratio: 25.10%12.1 d
Last Quarter: 2010-12-31
Revenue (MRQ): 135.47 mill
Net Income (MRQ): 13.36 mill
Op. Cash Flow (MRQ): 2.45 mill
all financial data provided without warranty