China Tracker - Details for VisionChina Media (VISN)

 VisionChina Media
Shares Outstanding (MRQ): 84.73 mill
New Shares / Dilution (TTM): 12.24 mill16.89% 
Cash (MRQ): 67.13 mill35.37%
Account Receivables (MRQ): 47.27 mill24.91% 
Account Receivables (Q/Q): + 9.74 mill25.93%
Long-Term Debt (MRQ): 111.05 mill58.51%
Revenue Growth (Q/Q): 19.27% 
Revenue Growth (Y/Y): 23.16% 
Net Income Growth (Q/Q): N/A (BACK TO PROFITABILITY) 
Net Income Growth (Y/Y): -88.00%
EPS Growth (Y/Y): -89.73%
Net Margin (Q/Q): 2.9% (-7.3%)10.20% 
Net Margin (Y/Y): 2.9% (29.4%)-26.60% 
EPS | P/E (2 MRQ Projection): -$0.03-77.15
CFPS | P/CF (2 MRQ Projection): -$0.49-4.54
Price/Sales (2 MRQ Projection): 1.36 
Price/Book (MRQ): 0.75
Auditor: Deloitte Touche
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: IPO on 2007-12-06 
IPO Price: $8.00 (-72.00% since IPO)

 Business Outlook

The Company estimates total revenues, which consist of advertising service revenue only, in the second quarter of 2011 to be between $44.7 million and $46.2 million. Second quarter 2011 net income attributable to VisionChina Media shareholders excluding share-based compensation expenses and amortization of intangible assets (non-GAAP) is estimated to be between $0.5 million and $2.0 million.

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

The Company estimates total revenues, which consist of advertising service revenue only, in the first quarter of 2011 to be between $32.0 million and $34.0 million. First quarter 2011 net loss attributable to VisionChina Media shareholders excluding share-based compensation expenses and amortization of intangible assets (non-GAAP) is estimated to be between $10.0 million and $12.5 million. The Company estimates that advertising service revenue during the first quarter will be negatively affected by seasonality. The Company expects that the seasonal impact will be short-term in nature and that the Company's advertising service revenue will increase in subsequent quarters.

(Source: PR Newswire, 2011-03-04)

VisionChina Media and Focus Media Holding (FMCN) today announced they have entered into a securities purchase agreement, pursuant to which Focus Media will purchase 15,331,305 newly issued common shares of VisionChina Media at a price of US$3.979 per share, equivalent to US$3.979 per ADS, for a total consideration of approximately US$61.0 million.

JJ Media Investment Holding Limited ("JJ Media"), an entity owned by Jason Nanchun Jiang, the chairman and chief executive officer of Focus Media and one of Focus Media's largest shareholders, and Front Lead Investments Limited ("Front Lead"), an entity beneficially owned by Limin Li, the chief executive officer and largest shareholder of VisionChina Media (together the "Investors") will each also acquire 1,022,087 newly issued common shares of VisionChina Media at the price of US$3.979 per share, equivalent to US$3.979 per ADS, each for a consideration of approximately US$4.0 million.

Following the transaction, Front Lead, an entity beneficially owned by Limin Li, will remain VisionChina Media's largest shareholder with 17.2% of VisionChina Media's outstanding issued shares. Focus Media will hold approximately 15%, and JJ Media will hold 1%, of VisionChina Media's outstanding issued shares respectively. Focus Media, the Investors and VisionChina Media will also enter into a Shareholders Agreement, pursuant to which Focus Media is entitled to nominate one designee to VisionChina Media's board of directors following the transaction. In addition, Focus Media, the Investors and VisionChina Media will also enter into a Registration Rights Agreement, pursuant to which Focus Media and the Investors will hold certain registration rights.

(Source: PR Newswire, 2010-12-30)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-08-05J.P. MorganReiterationNeutral$3.80
2011-05-09MacquarieReiterationOutperform$5.25
2011-05-06Morgan StanleyReiterationOverweightn/a
2011-05-06Bank of AmericaReiterationNeutral$4.50
2011-04-06MacquarieReiterationOutperform$5.25

VISN is currently followed by 7 analysts. 2 give the stock a positive rating, 5 rate it neutral and 0 give it a negative rating. The average price target is 4.61, which implies 105.80% upside from current price.


    see all Analyst Ratings

 Investor Presentations
2010-03-11 (PDF)   DOWNLOAD (right click, save as)
VISN
Media & Advertising
SCORE
-4
READ: Score Cards Explained
SAFETY/RISK SCORE
HIGH SAFETY
DETAILS: Safety/Risk Model for VISN
Current Price:  $2.24
F10k Day (2007-12-06): -72.00%$8.00
2009 Close: -79.49%$10.92
2010 Close: -51.73%$4.64
2011 Close: 80.64%$1.24
High (2012-04-05): 37.42%$1.63
Low (2012-07-26): 1,393.33%$0.15
Exchange: NMS
Market Capitalization: 189.80 mill
Total Shares: 84.73 mill
Float: 3,141,000.00 mill
Avg Volume: 419.00 k
Short Interest: 327.80 k
Short Ratio: 2.99%0.8 d
Last Quarter: 2010-09-30
Revenue (MRQ): 37.94 mill
Net Income (MRQ): 1.09 mill
Op. Cash Flow (MRQ): -6.90 mill
all financial data provided without warranty