China Tracker - Details for Shengkai Innovations (VALV)

 Shengkai Innovations
Shares Outstanding (MRQ): 37.21 mill 
New Shares / Dilution (TTM): 14.22 mill61.87%
New Shares / Dilution (since Dec 31, 2008): 7.21 mill24.03% 
Cash (MRQ): 50.52 mill0.00%
Account Receivables (MRQ): 12.98 mill0.00%
Account Receivables (Q/Q): + 1.32 mill11.36% 
Long-Term Debt (MRQ): 27.87 mill0.00%
Revenue Growth (Q/Q): 19.06% 
Revenue Growth (Y/Y): 83.18%
Net Income Growth (Q/Q): 18.38% 
Net Income Growth (Y/Y): 80.47%
EPS Growth (Y/Y): 11.49%
Net Margin (Q/Q): 37.6% (37.8%)-0.20% 
Net Margin (Y/Y): 37.6% (38.2%)-0.60% 
EPS | P/E (2 MRQ Projection): $0.990.00 
CFPS | P/CF (2 MRQ Projection): $0.910.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: Albert Wong & Co.
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2010-10-31): $1.000.00 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2008-06-09 
Uplisting to Senior Exchange: on 2009-12-23 at $4.90 (-100.00% since Uplisting)

 Business Outlook

The Company reiterates its guidance for the fiscal year ending June 30, 2011 with revenues expected to range between $93 million and $95 million. The Company raised its expectation of Non-GAAP net income, which excludes the non-cash change in the fair value of instruments and share-based compensation costs, from between $30.0 million and $32.0 million to between $31.0 million and $34.0 million, representing year-over-year growth of 72% - 75% and 58% - 74% on revenues and non-GAAP net income, respectively. These targets are based upon the Company's current views on operating and market conditions, which are subject to change. The Company will periodically update this guidance.

(Source: Globe Newswire, 2011-05-13)

The Company reiterates its guidance for the fiscal year ended June 30, 2011 with revenues expected to range between $93 million and $95 million.Non-GAAP net income, which excludes the non-cash change in the fair value of instruments and share-based compensation costs, is expected to be between $30.0 million and $32.0 million, representing year-over-year growth of 72% - 75% and 53% - 64% on revenues and non-GAAP net income, respectively. These targets are based upon the Company's current views on operating and market conditions, which are subject to change. The Company will periodically update this guidance.

(Source: Globe Newswire, 2011-02-11)

"We opened the new fiscal year with a strong quarterly result and a new manufacturing facility to meet the strong demands from our customers, in particular those within the petrochemical and chemical sectors. Our ceramic valves have been quickly recognized by Chinese oil majors and we believe the market potential remains strong for ceramic valve applications. We have also made strides into the domestic coal chemical space and international power generation markets. With the completion of our new manufacturing facility, we are now able to unlock the production capacity bottleneck we have historically been faced with to meet rising market demands for our highly durable ceramic products. We are seeing a stronger fiscal year ahead of us to create greater shareholder value."

The Company reiterates its guidance for the fiscal year ending June 30, 2011 with revenues expected to range between $93.0 million and $95.0 million, and non-GAAP net income, which excludes the non-cash change in the fair value of instruments and share-based compensation costs, between $30.0 million and $32.0 million, representing year-over-year growth of 72% - 75% and 53% - 64% on revenues and non-GAAP net income, respectively.

(Source: PR Newswire, 2010-11-15)

    see all Business Outlook notes


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 Analyst Coverage (show more)
2011-05-09Global HunterReiterationBuy$13.00
2011-02-14Global HunterReiterationBuy$13.00
2011-02-03Global HunterReiterationBuy$13.00
2011-01-18Global HunterReiterationBuy$13.00
2010-11-15Rodman & RenshawReiterationOutperform$13.00

VALV is currently followed by 2 analysts. Both give the stock a positive rating. The average price target is 13.00.


    see all Analyst Ratings

 Recent Financings
2010-12-17Priced$5.30 mill1.06 mill shares$5.50
2010-06-03Filing$25.00 mill--

 Investor Presentations
2010-09-15 (HTML)   VIEW
2010-05-17 (HTML)   VIEW
2010-03-16 (HTML)   VIEW
VALV
Infrastructure
SCORE
2
READ: Score Cards Explained
SAFETY/RISK SCORE
EXTREME RISK
DETAILS: Safety/Risk Model for VALV
Current Price:  n/a
F10k Day (2009-05-06): -100.00%$2.45
2009 Close: -100.00%$5.15
2010 Close: -100.00%$5.74
2011 Close: -100.00%$1.26
High (2012-04-09): -100.00%$2.04
Low (2012-07-02): -100.00%$0.67
Exchange:
Market Capitalization: n/a
Total Shares: 37.21 mill
Float: n/a
Avg Volume: 189.00 k
Short Interest: 356.30 k
Short Ratio: 3.62%1.9 d
Last Quarter: 2011-03-31
Revenue (MRQ): 26.64 mill
Net Income (MRQ): 10.02 mill
Op. Cash Flow (MRQ): 10.94 mill
all financial data provided without warranty