China Tracker - Details for Orient Paper (ONP)

 Orient Paper
Shares Outstanding (MRQ): 18.35 mill
New Shares / Dilution (TTM): 3.46 mill23.21% 
New Shares / Dilution (since Dec 31, 2008): 7.58 mill70.38% 
Cash (MRQ): 11.68 mill0.00%
Account Receivables (MRQ): 3.05 mill0.00%
Account Receivables (Q/Q): + 1.21 mill  
Long-Term Debt (MRQ): 3.72 mill0.00%
Revenue Growth (Q/Q): -8.39% 
Revenue Growth (Y/Y): 25.58% 
Net Income Growth (Q/Q): -8.60% 
Net Income Growth (Y/Y): 55.24%
EPS Growth (Y/Y): 26.00%
Net Margin (Q/Q): 14.6% (14.6%)0.00% 
Net Margin (Y/Y): 14.6% (11.8%)2.80% 
EPS | P/E (2 MRQ Projection): $1.110.00 
CFPS | P/CF (2 MRQ Projection): $1.620.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: BDO Limited
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-05-02): $1.300.00 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2007-10-29 
Uplisting to Senior Exchange: on 2009-12-17 at $9.32 (-100.00% since Uplisting)

 Business Outlook

Due to the delay in the commercial production of its new corrugating medium paper production line and adjustments for anticipated inflation on its production costs and selling prices, the Company recently revised its 2011 guidance to revenues of between $172 million and $190 million, gross profit of between $35 million and $38 million, net income of between $22 million and $25 million, and basic and diluted earnings per share of between $1.22 and $1.35. We now expect total corrugating medium paper production to reach between approximately 220,500 tons and 199,500 tons, of which up to 98,000 tons are contributed by the new production line.

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

Due to the delay in the commercial production of its new corrugating medium paper production line and adjustments for anticipated effect of inflation on its production costs and selling prices, the Company is revising 2011 guidance to revenues of between $172 million and $190 million, gross profit of between $35 million and $38 million, net income of between $22 million and $25 million, and basic and diluted earnings per share of between $1.22 and $1.35.

"We are pleased to begin fiscal year 2011 on a positive note and anticipate strong revenue growth and profitability to be driven by our capacity expansion initiatives, growing market demand, attractive performance of our digital photo paper business, and tightening regional supply conditions. We are in the final stage of the new production equipment installation and look forward to beginning trial production of our new 360,000 tons per annum corrugating medium paper production line in June 2011 and commercial production at the beginning of the third quarter of 2011."

(Source: PR Newswire, 2011-05-02)

The Company's financial statements for the fiscal year ended December 31, 2008 included in the Annual Report on Form 10-K for the fiscal year 2009 were audited and the audit report, dated March 19, 2009, were issued by Davis Accounting Group P.C. (Davis). The licenses of Mr. Edwin Reese Davis Jr. and Davis lapsed on September 30, 2008 and were formally revoked as of November 4, 2010 by the Utah Division of Occupational & Professional Licensing. Accordingly, the financial statements for the fiscal year ended December 31, 2008 included in the Annual Report for the fiscal year 2009 are not considered to be audited.

The Company had no knowledge that Davis's license in Utah lapsed until 2011. During the time when Davis was retained by the Company, Davis represented that it was in good standing. The Company is not aware of any other information at this time which leads it to believe that its financial statements for the years ended December 31, 2008 are materially incorrect in any way. The Company is in the process of engaging its current auditor, BDO Limited, to perform a re-audit of the Company's financial statements for the years ended December 31, 2008 to confirm the accuracy of those financial statements.

(Source: 8-K Filing, 2011-03-23)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-08-11Roth CapitalReiterationNeutral$5.00
2011-07-29Roth CapitalReiterationNeutral$5.00
2011-05-12Roth CapitalReiterationNeutral$5.00
2011-03-17Roth CapitalReiterationNeutral$7.00
2011-02-17Roth CapitalReiterationNeutral$7.00

ONP is currently followed by 2 analysts. All 2 give the stock a neutral rating.


    see all Analyst Ratings

 Recent Financings
2010-03-31Priced$28.62 mill3.00 mill shares$9.54

 Investor Presentations
2011-03-07 (PDF)   DOWNLOAD (right click, save as)
2010-08-10 (PDF)   DOWNLOAD (right click, save as)
2009-11-19 (HTML)   VIEW
ONP
Printing & Packaging
SCORE
5
READ: Score Cards Explained
SAFETY/RISK SCORE
MODERATE RISK
DETAILS: Safety/Risk Model for ONP
Current Price:  n/a
F10k Day (2008-05-13): -100.00%$1.40
2009 Close: -100.00%$10.48
2010 Close: -100.00%$6.36
2011 Close: -100.00%$3.21
High (2012-04-05): -100.00%$3.55
Low (2012-05-31): -100.00%$1.87
Exchange:
Market Capitalization: n/a
Total Shares: 18.35 mill
Float: n/a
Avg Volume: 66.80 k
Short Interest: 646.80 k
Short Ratio: 4.96%9.7 d
Last Quarter: 2011-03-31
Revenue (MRQ): 33.23 mill
Net Income (MRQ): 4.85 mill
Op. Cash Flow (MRQ): 8.59 mill
all financial data provided without warranty