Safe Bulkers, Inc (SB)

February 14th, 2017 Posted by Investing in Stocks No Comment yet

Company Profile

Safe Bulkers logoSafe Bulkers, Inc. is a provider of marine dry bulk transportation services, transporting bulk cargoes particularly coal, grain and iron ore globally. The company has 37 dry bulk vessels with a total carrying capacity of 3,341,800 DWT at an average age of 6.1 years. The company is one of the world’s youngest fleets of Panamax, Kamsarmax, Post-Panamax and Capesize class vessels.

Safe Bulkers, Inc is incorporated in the Republic of the Marshall Islands on December 11, 2007, under the BCA. Its purpose is acquiring ownership of various subsidiaries owned or for future ownership. The company is controlled by Hajioannou family with long history operating and investing in the international shipping industry. The company’s initial public offering was on June 2008 under New York Stock Exchange (NYSE) with the company symbol SE. The principal executive office is located at Apt D11, Les Acanthes, 6 Avenue des Citronniers MC 98 000 Monaco.

The Simple Financial Statement Analysis

Safe Bulker stock analysis is the focus of this article. Our method is the four graph analysis. The cash flows, balance sheet, income, and the financial ratios graphs. In addition,  the corresponding facts that we have provided made it easy to understand the financial statement.  As a result, it serves a helpful source for beginners in investing.

A. Safe Bulkers Cash Flow

SB CF

Net cash provided by operating activities Net cash used for investing activities Net cash provided by (used for) financing activities Capital expenditure Free Cash Flow
2011 107,189,000 -125,889,000 -18,514,000 -160,969,000 -53,780,000
2012 105,065,000 -158,145,000 127,683,000 -136,845,000 -31,780,000
2013 100,594,000 -100,344,000 -38,303,000 -118,894,000 -18,300,000
2014 43,732,000 -67,009,000 65,917,000 -146,300,000 -102,568,000
2015 25,522,000 -182,180,000 180,090,000 -123,541,000 -98,019,000
2016 12,325,000 -35,930,,000 -58,092,000 -72,553,000 -60,228,000

Facts:

  • Net cash provided by operating activities is trending down at 89 percent in the last five years.
  • Investment in plant, property and equipment, sales/maturities of investment and other investing activities were used in net cash in investing activities.
  • Debt issued and debt repayment is significant in net cash provided by financing activities; also cash dividends payments.
  • Capital expenditures are investment in property, plant and equipment.
  • Free cash flows are negative in the last five years due to lesser operating cash flow than property, plant, and equipment.

B. Safe Bulkers Balance Sheet

SB BS

Working Capital Working capital less inventory Total current assets Total assets Total current liabilities Total liabilities Total equity Total debt
2011 -14,000,000 -16,653,000 37,959,000 877,271,000 51,673,000 545,429,000 331,842,000 484,291,000
2012 124,000,000 118,100,000 171,829,000 1,082,214,000 47,493,000 656,358,000 425,856,000 615,667,000
2013 116,000,000 103,400,000 173,185,000 1,112,216,000 57,304,000 533,880,000 578,336,000 508,295,000
2014 107,000,000 95,815,000 135,892,000 1,182,329,000 28,718,000 482,230,000 700,099,000 469,568,000
2015 137,000,000 131,833,000 243,162,000 1,309,631,000 105,726,000 675,485,000 634,146,000 646,866,000
2016 70,500,000 65,333,000 91,990,000 1,167,530,000 21,490,000 596,720,000 570,810,000 584,380,000

Facts:

  • Working capital was $70.5 million; also it decreased by 59 percent from 2015.
  • Working capital less inventory was $65 million; also decreased by 45 percent from 2012.
  • The current asset was $92 million, also grew 142 percent in five years; moreover, it decreased 62 percent from 2015.
  • Total assets were $1.2 billion, grew 33 percent in 5 years; also decreased by 11 percent from 2015.
  • Current liabilities was $21.5 million; also decreased by 80 percent from 2015.
  • Total liabilities was $597 million compared to total equity of $571 million; also decreased by 12 and 10 percent, respectively in 2016.
  • Total equity grew 72 percent in five years due to additional paid-in capital.
  • Total debt is $584 million; also it decreased 10 percent from 2015.

C. Safe Bulkers Ratio

SB Ratio

Net Margin % Return on Assets % Return on Equity % Asset Turnover (Average) Financial Leverage (Average) Debt to Equity %
2011 53.13 10.67 31.16 0.20 2.64 1.40
2012 52.16 9.81 25.37 0.19 2.54 1.40
2013 48.63 7.43 16.23 0.17 1.92 0.82
2014 3.4 0.46 0.82 0.13 1.69 0.65
2015 -48.81 -4.99 -9.32 0.10 2.07 0.90
2016 -88.25 -7.68 -15.39 0.08 0.9 1.00

Facts:

  • Net margin suffered negative in 2015 and 2016 due to decrease in revenue by 17 and 15 percent, respectively.
  • Return on asset is trending down in the last five years; also suffered negative in 2015 and 2016 due to negative net income.
  • Return on equity is trending down and also suffered negative in 2015 and 2016 due to negative net income.
  • Asset turnover is decreasing year-over-year in the last five years. Moreover, it shows that SB generates .08 cents of sales for every dollar invested in the asset.
  • Financial leverage decreased by 66 percent from 2011; also total asset over equity is 0.9.
  • Debt to equity is 1.0, means total debt is almost equal to equity.

D. Safe Bulkers Income and Market

SB Income

Gross Profit Operating Expenses Operating Income Net Income Intrinsic Value (whole company) Market Cap
2011 140,855,000 31,919,000 108,936,000 89,734,000 6,401,130,000 425,000,000
2012 142,470,000 30,519,000 111,951,000 96,120,000 6,510,000,000 258,000,000
2013 134,550,000 41,704,000 92,846,000 83,257,000 5,221,370,000 868,000,000
2014 84,031,000 57,315,000 26,716,000 14,634,000 7,465,020,000 326,000,000
2015 53,992,000 86,008,000 -32,016,000 -47,944,000 4,932,690,000 68,000,000
2016 48,442,000 106,496,000 -58,054,000 -81,231,000 2,161,320,000 147,900,000

Facts:

  • Gross profit was $48 million, also fell at 66 percent from 2011 because the cost of revenue is increasing year-over-year.
  • Operating expenses is $106 million; also increasing year-over-year due to increasing depreciation and amortization.
  • Operating income is negative $58 million because operating expenses is increasing year-over-year.
  • Net income is negative $81 and $47.9 million in 2015 and 2016, respectively; also deteriorating in the last four years at 191 percent.
  • Intrinsic value was $2.1 billion; also deteriorate in the last five years at 66 percent due to the unfavorable bottom line.
  • Market capitalization was erratic in movement.

In conclusion,

Net cash from operating activities is deteriorating in the last five years and also free cash flow suffered negative in five years due to higher capital expenditures. Further, total current assets and total assets grew favorable from 2011 to 2015. In addition, total liabilities and equity ratio 50:50. Furthermore, SB’s bottom line fell steep at 428 percent in 2015. The market capitalization was lower than the intrinsic value, in other words, Safe Bulkers stock is undervalued.

Researched and Written by Criselda

Twitter: criseldarome

GameStop Corporation Class A (GME)

January 3rd, 2017 Posted by Investing in Stocks No Comment yet

Company Profile

GameStopGameStop Corporation is a global retailer of the multichannel video game, pop culture collectibles, consumer electronics, and wireless services. Founded in 1984 as Babbage’s in Dallas, Texas, USA by James McCurry and Gary M. Kusin. The company is headquartered in Grapevine, Texas, US. GameStop operates over 7,000 stores across 14 countries. The company’s initial public offering was on February 2002 under New York Stock Exchange (NYSE) with stock symbol GME. The company has approximately 40,000 employees worldwide.

The Simple Financial Statement Analysis

The GameStop stock analysis is the focus of this article. Our method is the four graph analysis. The cash flows, balance sheet, income, and the financial ratios graphs. In addition,  the corresponding facts that we have provided made it easy to understand the financial statement.  As a result, it serves a helpful source for beginners in investing.

A. GameStop Cash Flow

gme-cf

Net Cash Provided by Operating Activities Net Cash Used for Investing Activities Net Cash Provided by Financing Activities Capital Expenditures Free Cash Flow
2012 624,700,000 -201,600,000 492,600,000 -165,100,000 459,600,000
2013 632,400,000 -152,700,000 -498,500,000 -139,600,000 492,800,000
2014 762,700,000 -207,500,000 -350,600,000 -125,600,000 637,100,000
2015 480,500,000 -235,900,000 -131,200,000 -159,600,000 320,900,000
2016 656,800,000 444,600,000 -346,200,000 -173,200,000 483,600,000
2017 600,300,000 -648,400,000 209,900,000 -149,600,000 450,700,000

Facts

  • Cash from operating activities was $600 million; also have a negative growth of 4 percent.
  • Cash from investing activities was $648 million; also the investment in property, plant and equipment were used.
  • Financing activities were $209.9 million; also long-term debt issued at $1 billion were used in the activities.
  • Capital expenditure was $149.6 million; also represents purchased of property, plant and equipment at $149.6 million.
  • Free cash flow was $450.7 million; also free cash flow is greater than net income.

B. GameStop Balance Sheet

gme-bs

Working Capital Working Capital less Inventory Total Current Assets Total Assets Total Current Liabiities Total Liabilities Total Equity Total Debt
2012 363,000,000 -774,500,000 1,997,300,000 4,847,400,000 1,633,900,000 1,805,300,000 3,042,100,000 0
2013 295,000,000 -875,300,000 2,010,900,000 4,133,600,000 1,715,300,000 1,847,300,000 2,286,300,000 0
2014 223,000,000 -975,900,000 1,949,600,000 4,091,400,000 1,726,000,000 1,840,000,000 2,251,400,000 78,400,000
2015 423,000,000 -721,800,000 2,062,500,000 4,246,300,000 1,639,700,000 2,178,600,000 2,067,700,000 128,500,000
2016 144,000,000 1,019,000,000 1,938,800,000 4,334,900,000 1,794,400,000 2,253,900,000 2,181,000,000 148,900,000
2017 207,700,000 -1,633,600,000 2,358,800,000 5,230,600,000 2,151,100,000 3,106,500,000 2,124,100,000 188,000,000

Facts:

  • Working capital was $208 million, also has negative growth of 43 percent.
  • Inventory is greater than the working capital.
  • Current assets were $2.4 billion; also grew 18 percent.
  • Total assets were $5.2 billion; also grew 8 percent.
  • Current liabilities was $2.2 billion; also increased by 32 percent.
  • Total liabilities was $3.1 billion; also increased by 72 percent.
  • Equity was $2.1 billion; also have a negative growth of 30 percent.
  • Total debt increased 140 percent in 4 years.

C. GameStop Ratios

gme-ratios

Net Margin (%) Return on Assets (%) Return on Equity (%) Asset Turnover (average) Financial Leverage (average) Debt to Equity (%)
2012 3.56 6.86 11.45 1.93 1.59 0
2013 -3.03 -6.01 -10.12 1.98 1.81 0
2014 3.92 8.61 15.61 2.2 1.82 0
2015 4.23 9.43 18.2 2.23 2.05 0.17
2016 4.3 9.39 19.42 2.18 2.08 0.17
2017 4.32 7.79 19.3 1.81 2.46 0.38

Facts:

  • Net margin is 4.32; also averaging 2.88.
  • Return on assets was 7.79; also averaging 6.01.
  • Return on equity was 19.3; also averaging 12.31.
  • Asset turnover was 1.81; also averaging 2.06.
  • Financial leverage was 2.46; also averaging 1.97.
  • Debt to equity is 0.38; also increased 24 percent from 2015.

D. GameStop Income and Market

gme-income

Operating Income Sales, General & Administrativ e Expenses Net Income Intrinsic Value (whole company) Market Capitalization
2012 569,900,000 1,842,100,000 339,900,000 3,704,070,000 3,040,000,000
2013 -41,600,000 1,835,900,000 -269,700,000 1,792,980,000 5,705,000,000
2014 573,500,000 1,892,400,000 354,200,000 2,848,520,000 3,668,000,000
2015 618,300,000 2,001,000,000 393,100,000 2,584,310,000 2,935,000,000
2016 648,200,000 2,108,900,000 402,800,000 2,417,130,000 2,515,000,000
2017 653,000,000 2,219,600,000 392,300,000 2,384,720,000 2,600,000,000

Facts:

  • Operating income is $653 million; also grew 14 percent from 2014.
  • Sales, general and administrative expenses is $2.2 billion; increased 17 percent from 2012.
  • Net income is $392 million; also grew 11 percent from 2014.
  • The intrinsic value was $2.4 billion; also had a negative growth of 16 percent from 2012.
  • Market capitalization is $2.6 billion; also had a negative growth of 29 percent from 2012.

In Conclusion,

GameStop has managed to generate a positive net cash from operating activities and capable of producing a free cash flow after capital expenditures. In addition, the company has a positive working capital in the last five years. Further, the company is capable of meeting short-term financial obligations. The company suffered a negative bottom line in 2013, however, managed to recover in 2014 and onwards. Furthermore, return on equity and return on assets was acceptable.

Researched and Written by Criselda

Twitter: criseldarome

 

First Solar Inc (FSLR)

December 7th, 2016 Posted by Investing in Stocks No Comment yet

Company Profile

first solarFirst Solar Inc is a provider of Photovoltaic (PV) energy solution. The company manufactures and sells solar panels, also the company operates in two segments, components, and systems. First Solar Inc is the first company to produce 1GW in one year and also developed the world’s largest contracted solar project pipeline of 3GW. First Solar Inc was founded in 1999 as Solar Cells Inc by Harold McMaster, an inventor.  The company’s initial public offering was in November 2006 under NASDAQ with company symbol FSLR. Headquartered in Tempe, Arizona U.S. As of December 31, 2015, the company has 6,350 number of employees.

The Simple Financial Statement Analysis

The first Solar stock analysis is the focus of this article. Our method is the four graph analysis. The cash flows, balance sheet, income, and the financial ratios graphs. In addition,  the corresponding facts that we have provided made it easy to understand the financial statement.  As a result. it serves a helpful source for beginners in investing.

A. First Solar Cash Flow

Net Cash Provided by Operating Activities Net Cash Used for Investing Activities Net Cash Provided (used for) Financing Activities Capital Expenditure Free Cash Flow
2011 -33,463,000 -676,457,000 571,218,000 -731,814,000 -765,277,000
2012 762,209,000 -383,732,000 -89,109,000 -379,228,000 382,981,000
2013 856,126,000 -537,106,000 101,164,000 -282,576,000 573,550,000
2014 680,989,000 -511,879,000 7,359,000 -257,549,000 423,440,000
2015 -360,919,000 -112,140,000 137,103,000 -166,438,000 -527,357,000
2016 ttm -47,476,000 -229,338,000 495,435,000 -203,036,000 -250,512,000

Facts:

  • Cash provided by operating activities was negative $47.5 and $361 million in 2016 ttm and 2015, respectively.
  • Negative operating cash flow was due to significant other working capital at $866 and $714 Million in 2015 and 2016 (ttm), respectively.
  • Cash used for investing activities was $229 million; purchases of investments at $639 million were used.
  • Cash provided by financing activities was $495 million; also debt issued of $146 million was added to the fund.
  • The capital expenditure was $203 million; investment in property, plant, and equipment.
  • Free cash flow was negative at $250 million due to negative operating cash flow.

B. First Solar Balance Sheet

fslrbs

Working Capital Total Current Assets Total Assets Total Current Liabilities Total Liabilities Total Equity Retained Earnings Total Debt
2011 1,639,537 2,613,261 5,777,614 973,724 2,133,751 3,643,863 1,626,071 663,647
2012 1,730,950 2,832,324 6,348,692 1,101,374 2,743,166 3,605,526 1,529,733 562,572
2013 2,204,703 3,792,764 6,883,502 1,588,061 2,380,385 4,503,117 1,882,771 223,323
2014 2,189,350 3,190,446 6,724,439 1,001,096 1,696,952 5,027,487 2,279,689 216,921
2015 2,384,786 3,345,586 7,316,331 960,800 1,767,844 5,548,487 2,790,110 289,415

Facts:

  • Working capital was positive at $2.4 billion due current assets which is two-third higher than current liabilities.
  • Current assets were $3.3 billion; also represents 46 percent of total assets.
  • Total assets were $7.3 billion; also total cash represents 25 percent.
  • Current liabilities was $961 million; also represent 54 percent of total liabilities.
  • Total liabilities is $1.8 billion; also represents 24 percent of total liabilities and stockholders’ equity.
  • Equity is $5.5 billion; also represents 76 percent of the total liabilities and stockholders’ equity.
  • Retained earnings are $2.8 billion; net income of $546 million was added.
  • Total debt was $289 million; also represents 13 and 87 percent short-term and long-term debt, respectively.

C. First Solar Ratios

Net Margin (%) Return on Assets (%) Return on Equity (%) Asset Turnover (average) Financial Leverage (average) Debt to Equity (%)
2006 2.94 1.17 1.87 0.4 1.41 0.15
2007 31.42 16.24 20.99 0.52 1.25 0.06
2008 27.95 19.99 26.69 0.72 1.40 0.11
2009 30.98 23.43 30.73 0.76 1.26 0.06
2010 25.91 17.19 21.75 0.66 1.27 0.06
2011 -1.43 -0.78 -1.11 0.54 1.59 0.17
2012 -2.86 -1.59 -2.66 0.56 1.76 0.14
2013 10.67 5.34 8.71 0.50 1.53 0.04
2014 11.7 5.83 8.33 0.50 1.34 0.03
2015 15.27 7.78 10.33 0.51 1.32 0.05
2016ttm 14.72 6.63 8.86 0.45 1.36 0.03

Facts

  • Net margin was erratic; also grew 401 percent in 10 years.
  • Return on assets was erratic; also grew 467 percent in 10 years.
  • Return on equity is unpredictable but grew 374 percent.
  • Asset turnover is stable, averaged 0.56.
  • Financial leverage averaged 1.41.
  • Debt to equity is 0.03 percent of equity.

D. First Solar Income and Market

fslr-inc1

Operating Income Sales, General and Administrative Expenses Net Income Market Cap
2011 -68,664,000 446,161,000 -39,493,000 2,919,000,000
2012 -37,563,000 288,751,000 -96,338,000 2,689,000,000
2013 368,529,000 273,029,000 353,038,000 5,437,000,000
2014 424,163,000 258,973,000 396,918,000 4,472,000,000
2015 516,664,000 272,010,000 546,421,000 6,716,000,000

Facts

  • Operating income was $517 million; grew 40 percent in the last three years.
  • Sales, general and administrative expenses were stable in the last four years, averaged $273 million.
  • Net income was $546 million; grew 55 percent in three years.
  • Intrinsic value was $15 billion.
  • Market capitalization was $6.7 billion; also grew 24 percent.

In conclusion

The net cash provided by operating activities was negative in the last two years due to project assets and deferred project costs. First Solar has a sound balance sheet in the last five years. Further, its net income is averaging 13 percent in the last three years, however, the company suffered a negative bottom line in 2011 and 2012 at 1.48 and 2.86 percent, respectively. Furthermore, net margins have a growth of over 400 percent in ten years. Although, return on investment and in assets are unpredictable, the company was able to provide acceptable returns.

 

If you like to read our past post on FSLR click here.

 

Researched and Written by Criselda

Twitter: criseldarome

 

 

 

 

 

 

The Priceline Group Inc (PCLN)

December 1st, 2016 Posted by Investing in Stocks No Comment yet

Company Profile

Priceline logoPriceline Group Inc is an online travel services provider with six main brands. They operate the booking.com, priceline.com, agoda.com, KAYAK, rentalcars.com and the Open Table. Further, Priceline was founded in 1997 by Jay Walker with its famous Name Your Own Price service. Headquartered in Norwalk, Connecticut, United States. The company went public in 1999 and is now the largest online travel agency globally. Furthermore, the company has 55.5 billion gross booking in 2015 and it operates in 224 countries and territories in Europe, North America, South America, Asia-Pacific region, Middle East and Africa in more than 42 languages. Also, ranked as the “World’s Most Innovative” company.

The Simple Financial Statement Analysis

PCLN stock analysis is the focus of this article. Our method is the four graph analysis, the cash flows, balance sheet, income, and the financial ratios graphs. In addition,  the corresponding facts that we have provided made it easy to understand the financial statement.  As a result, it serves a helpful source for beginners in investing.

A. Priceline Cash Flow

Net Cash Provided by Operating Activities Net Cash Used for Investing Activities Net Cash Provided by (used for) Financing Activities Free Cash Flow Capital Expenditure
2010 777 -841 213 755 -23
2011 1,342 -905 -151 1,295 -47
2012 1,786 -1,563 669 1,731 -55
2013 2,301 -2,162 -404 2,217 -84
2014 2,914 -2,349 1,429 2,783 -132
2015 3,102 3,895 -730 2,928 -174
2016ttm 3,501 1,954 -743 3,435 -203

Facts

  • The net cash from operating activities was $3.5 billion and moving up year-over-year; also it grew 351 percent.
  • Net cash used for investing activities was $3.9 billion in 2015; sales/maturities of investments was used.
  • Cash provided by financing activities is $730 million in 2015; also debt issued were used.
  • Free cash flow increases yearly in six years.
  • Capital expenditure was trending straight below zero. Further, capital expenditures are an investment in property, plant, and equipment.

B. Priceline Balance Sheet

Working Capital Total Current Assets Total Assets Total Current Liabilities Total Liabilities Retained Earnings Total Equity Total Debt
2010 1,486 1,956 2,906 471 1,093 69 1,813 476
2011 1,961 3,067 3,971 1,106 1,396 1,034 2,574 575
2012 4,221 5,682 6,570 1,462 2,673 2,369 3,897 1,402
2013 6,099 7,481 10,444 1,382 3,535 4,219 6,910 1,903
2014 3,887 5,267 14,941 1,380 6,374 6,641 8,567 3,887
2015 2,114 3,553 17,421 1,439 8,625 9,192 8,795 0

Facts:

  • Working capital is erratic over the last six years; also grew 42 percent.
  • Current assets were $3.6 billion; also grew 82 percent.
  • Total assets are trending up year-over-year averaged 44 percent.
  • Current liabilities was $1.4 billion; also increased by 206 percent.
  • Total liabilities is up 689 percent in six years.
  • Equity is moving up at an average rate of 39 percent.
  • Retained earnings increase year-over-year at averaged 340 percent
  • Total debt is trending up from 2010 to 2014 and in 2015 down to zero, in other words, Priceline has no short and long-term debt.
  • The current ratio is 2.47 and 2.68 in 2015 and 2016 (ttm), respectively.

C. Priceline Income and Market

pclninc

Facts

  • Operating income is up yearly; also averaged 30 percent.
  • Sales, general and administrative expenses are up yearly; also represents 54 percent of the revenue.
  • Net income is up year-over-year at averaged 34 percent; also represents 28 percent of the revenue.
  • Intrinsic value was up except in 2015 when it fell 26 percent but continued in 2016  at 26 percent.
  • Market capitalization grew 160 percent.

D. Priceline Ratios

pcln-ratios

 Net Margin % Return on Assets %  Retun on Equity % Asset Turnover (average) Financial Leverage (average)  Debt to Equity %
 2005 19.83 29.45 67.18 1.49 2.04 0.61
2006 6.46 7.8 20.22 1.21 3.17 1.63
2007 11.03 12.66 33.53 1.15 2.33 0
2008 10.26 14.36 29.55 1.40 1.84 0
2009 20.93 30.8 47.71 1.47 1.39 0.03
2010 17.10 22.26 33.66 1.30 1.60 0.26
2011 24.25 30.72 48.15 1.27 1.54 0.03
2012 26.98 26.94 43.87 1.00 1.69 0.23
2013 27,86 22.25 35.03 0.80 1.51 0.25
2014 28.69 19.08 31.33 0.67 1.74 0.45
2015 27.66 15.77 29.39 0.57 1.98 0.70

Facts

  • Net margin was erratic; also grew 39 percent in 10 years.
  • Return on assets was erratic; also has a negative growth of 46 percent in 10 years.
  • Return on equity is consistent ranging in the 20s to 40s over 10 years.
  • Asset turnover was down over 10 years.
  • Financial leverage ratio in recent years ranges from 1.5 to 2.
  • Debt to equity was low in 2011, however, started to rise between 2012 to 2015.

In conclusion,

Priceline is liquid and capable of generating a positive free cash flow and also a positive net cash from operations. Further, the earnings of Priceline is increasing year-over-year. Furthermore, PCLN is capable of generating sufficient revenue for its business operation and has managed to produce a decent return on the shareholder’s investment and investment in assets in the past ten years. In addition, asset turnover indicates that it generate 57 percent of net sales for every dollar investment in assets.

Wikipedia on please click PCLN. If you like to read our past post on Priceline click here.

 

Researched and Written by Criselda

Twitter: criseldarome

 

 

Baidu Inc ADR (BIDU)

August 12th, 2016 Posted by Investing in Stocks No Comment yet

 

Baidu stock analysis is the focus of this article. Our method is the graph analysis. The graphs are the cash flows, balance sheet, income, and the financial ratios. In baidu stockaddition,  the corresponding facts that we have provided made it easy to understand the financial statement. As a result. and most of all, serve as a very reliable source for beginners in investing.

Company Profile

Baidu is a Chinese language internet search engine and the company is growing fast. Baidu’s users have reached 686 million as of January 2016 and it is also the world’s largest internet users. Baidu Inc was incorporated on January 18, 2000, and headquartered in Beijing, China. The company was founded by Robin Yanhong Li, an internet pioneer, and creator of visionary search technology Rankdex, a hyperlink analysis, and Eric Yung Xu in 1999. The company provides internet information and services in Chinese language only. In this post, we focus on the financial statements and ratios of Baidu stock.

 

The Simple Financial Statement Analysis

A. Baidu Stock Cash Flow

CNY Billion Net Cash Provided by Operating Activities Net Cash Used for Investing Activities Net Cash Provided by Financing Activities Capital Expenditure
2010-12 4,700 -1,218 125 -976
2011-12 8,179 -14,251 2,426 -2,342
2012-12 11,996 -13,750 9,519 -2,566
2013-12 13,793 -23,323 7,542 -3,681
2014-12 17,937 -22,468 8,612 -6,395
2015-12 19,422 -31,272 7,778 -7,774

Facts:

  • The cash from operating activities was up 313 percent due to increase in net income.
  • Net cash used for investing activities is the purchase of properties and equipment and also purchased of business.
  • The net cash provided by financing activities was positive due to significant debt issued.
  • Capital expenditures are the investment in properties and also purchases of intangibles.

B. Baidu Stock Balance Sheet

Working Capital Total Current Assets Total Assets Total Current Liabilities Total Liabilities Total Equity Total Debt
2010-12 6,231 8,782 11,048 2,552 2,643 8,406 86
2011-12 11,442 15,848 23,341 4,407 8,049 15,292 2,450
2012-12 26,438 34,674 45,669 8,237 19,614 26,055 11,864
2013-12 31,996 43,029 70,986 11,033 32,561 38,425 17,573
2014-12 45,570 65,841 99,662 20,271 48,136 51,526 25,767
2015-12 52,131 78,234 147,853 26,103 67,598 80,256 35,017

Facts:

  • Working capital is increasing year-over-year and has grown 737 percent in five years.
  • The current assets ratio is 3, therefore, Baidu is capable of paying its short-term financial obligations when due date comes.
  • The total equity growth was 90 percent in five years due to increased in net income.
  • Baidu’s total debt is trending up year-over-year,
  • Total debts are the sum of short-term and long-term liabilities.
  • Short-term liabilities are obligations payable within one year while long-term are obligations payable more than one year.

C. Baidu Stock Income

Operating Income Sales, General and Administrative Net Income Intrinsic Value (whole company) Market Cap
2010-12 3,959 1,089 3,525 50,047 0
2011-12 7,577 1,693 6,639 65,688 40,664
2012-12 11,051 2,501 10,456 82,075 35,067
2013-12 11,192 5,174 10,519 194,982 62,312
2014-12 12,804 10,382 13,187 215,917 80,032
2015-12 11,672 10,382 33,664 81,108 96,088

Facts:

  • The operating income growth was 195 percent in six years.
  • The net income has grown 855 percent in six years.
  • The market price is lower than its intrinsic value in 2011 to 2014, therefore, indicating a good opportunity for Buy.

D. Baidu Stock Ratios

Net Margin % Return on Assets % Return on Equity % Asset Turnover (average) Financial Leverage (average) Debt to Equity %
2005-12 -21.9 -1.27 -1.77 0.06 1.13 0
2006-12 36.02 21.52 25.55 0.60 1.23 0
2007-12 36.06 29.09 37.23 0.81 1.31 0
2008-12 36.02 9.15 11.81 0.25 1.28 0
2009-12 32.77 20.77 26.73 0.63 1.3 0
2010-12 44.54 40.98 53.58 0.92 1.31 0.01
2011-12 45.78 38.61 56.03 0.84 1.53 0.15
2012-12 46.88 30.3 50.58 0.65 1.75 0.37
2013-12 32.93 18.03 32.63 0.55 1.85 0.45
2014-12 26.88 15.46 29.32 0.57 1.93 0.46
2015-12 50.22 26.94 50.59 0.54 1.84 0.42

Facts:

  • Net margin increased by 87 percent in 2015 because net income has increase also.
  • Return on equity is averaging 37 percent in the last 10 years
  • Return on assets is net income divided by average total assets, furthermore, Baidu earns 27 percent using its assets.
  • Financial leverage is 1.84 in 2015, therefore, it indicates that for every dollar in equity the buyer has $1.84 in assets.

 

In conclusion

The cash flows of Baidu are impressive, also Baidu stock is profitable in the last five years. Furthermore, BIDU is financially stable and a healthy company.

 

Wikipedia on please click Baidu. If you like to read our past post on Baidu click here.

 

Research and Written by Criselda

Twitter: criseldarome

 

 

AVG Technologies MV (AVG)

August 1st, 2016 Posted by Investing in Stocks No Comment yet

AVG stock analysis is the focus of this article. Our method is the graph analysis. The four graphs are the cash flows, balance sheet, income, and the financial ratios. In addition,  the corresponding facts that we have provided made it easy to understand the financial statement.  As a result. it serves as a helpful source for beginners in investing.

Company Profile

AVG stock

AVG Technologies is a security software company. AVG is listed on the New York Stock Exchange under the ticker symbol AVG.  This company is founded in Brno, the Czech Republic in 1991 by  Jan Gritzbach and Tomáš Hofer. Headquartered in Amsterdam, Netherlands. Also, the company operates 14 offices in Europe, North America, the Middle East, Asia, and Australia. Furthermore, AVG has more than 200 million users globally.

The Simple Financial Statement Analysis  

 

A. AVG Stock Cash Flow

Net cash provided by operating activities  Net cash used in investing activities Net cash provided by (used for) financing activities Capital expenditure
2010-12 87,911 -15,340 -54,367 -11,555
2011-12 82,911 -69,544 -15,329 -11,327
2012-12 119,306 -30,242 -100,325 -17,831
2013-12 145,204 -39,755 -114,295 -16465
2014-12 108,807 -165,003 153,762 -17,142
2015-12 99,673 -209,745 206,188 -19,932

Facts

  • Cash provided by operating activities are the cash inflows and cash outflows in its main activities.
  • The cash from investing activities are cash used in the investment of properties and equipment.
  • Another, it is used for acquisitions and other activities like gain or loss relating to capital investment.
  • Cash in financing activities is debt repayments, common stock repurchases and also, dividends payments.

B. AVG Stock Balance Sheet

Working Capital Working capital less inventory Total current assets Total assets Total current liabilities Total liabilities Total equity Total debt
2010-12 -34,000 -34,523 111,746 175,957 145,980 368,671 -192,714 1,050
2011-12 -101,000 -101,883 122,538 311,635 223,409 633,914 -322,279 184,315
2012-12 -102,000 -102,702 121,895 323,466 224,087 346,036 -22,570 85,005
2013-12 -120,000 -121,017 110,581 306,782 230,149 297,616 9,166 30,000
2014-12 -44,000 -45,030 211,268 647,089 255,652 609,392 37,157 222,625
2015-12 -44,000 -45,030 227,401 681,611 255,652 590,993 90,618 222,625

Facts:

  • Current assets is one-third of the total assets, while non-current is two-thirds of the total assets.
  • Total assets have grown 287 percent in six years, in other words, assets have grown favorably in 5 years.
  • The current liabilities is higher by 12 percent than total current assets.
  • Stockholders’ equity is lesser than the liabilities, the company is using more on debt than the shareholders’ investment.

C. AVG Stock Income

Operating Income Selling, General & Adm Exp Net Income Key Executive Compen-sation CEO CFO Intrinsic Value (entire company) Market Cap
2010-12 66 99 58 0 0 0 0 0
2011-12 69 138 100 0.7 0 0.7 0 0
2012-12 80 166 46 0.7 0 0.7 0 0
2013-12 110 167 64 4 3 1 0 915
2014-12 79 173 54 9 7 2 718 1019
2015-12 75 201 49 0 0 0 4549 1035
ttm 75 201 49 0 0 0 2968 1252

Facts:

  • Operating expenses represent 67 percent of the total revenue.
  • Operating expenses are expenses such as, selling, general and administrative, also, research and development.
  • The operating income is earnings after deducting operating expenses from gross profit.
  • Net income was down by 51 percent in five years. 
  • Total key executive compensation is 17 percent of the net earnings.
  • The increased is more than 100 percent in one year for the total key executive compensation.

D. AVG Stock Ratios

Net Margin % Return on Assets % Return on Equity % Asset Turnover (Average) Financial Leverage (Average) Debt to Equity
2010-12 17.51 23.79 0 1.36 0 -0.01
2011-12 24.12 26.95 0 1.12 0 -0.7
2012-12 12.87 14.43 0 1.12 0 -4.31
2013-12 15.65 20.22 0 1.29 33.47 3.27
2014-12 14.41 11.30 232.68 0.78 17.42 6.05
2015-12 10.97 7.07 73.51 0.64 7.52 2.47

Facts:

  • Net margin has a negative growth of 37 percent in five years, yet it yields 11 percent earnings in 2015.
  • Return on equity fell 68 percent in one year due to the decrease in net income.
  • The return on assets falls 70 because net earnings fell also, therefore, the ratio has fell.
  • The company is using more debt than investor’s investment. 

In Conclusion,

AVG stock is undervalued, therefore, it might be a good opportunity for Buying. In addition, AVG has not suffered any negative net earnings in the past six years.  Furthermore, the return on equity is impressive at 74 percent. 

 

Wikipedia on please click AVG. If you like to read our past post on AVG click here.

 

Researched and Written by Criselda

Twitter: criseldarome

 

 

Wikipedia on please clicks AVG.

 

 

 

 

QIWI Plc (ADR)

July 22nd, 2016 Posted by Investing in Stocks No Comment yet

QIWI stock analysis is the focus of this article. Our method is the graph analysis. The four graphs are the cash flows, balance sheet, income, and also the financial ratios. In addition,  the corresponding facts that we have provided made it easy to understand the financial statement.  As a result. and most of all, serve as a very reliable source for beginners in investing.

Company Profile 

QIWI stockQiwi Plc (ADR) (QIWI) incorporated on February 26, 2007, with the main office based in Moscow. The company provides electronic online payment systems in Russia and the Commonwealth of Independent States (CIS) in physical, online and mobile channels. In addition, the company had several bank subsidiaries like QIWI Bank (JSC), JSC QIWI and others.

Simple Financial Statement Analysis on QIWI Stock

 

A. QIWI Stock Cash Flow

Net cash provided by operating activities Net cash used in investing activities Net cash provided by (used for) financing activities Capital expenditures
2011-12 2,048,804,000 339,365,000 -471,936,000 -138,847,000
2012-12 3,499,154,000 -1,499,154,000 -871,152,000 -77,816,000
2013-12 4,725,176,000 -1,200,580,000 -1,846,445,000 -375,208,000
2014-12 4,755,176,000 1,602,400,000 179,280,000 -512,562,000
2015-12 -1,006,808,000 3,556,360,000 1,892,854,000 -309,719,000
ttm -1,006,808,000 3,556,360,000 -1,892,854,000 -309,719,000

Facts:

  • Cash provided by operating activities decreased 121 percent due to a significant amount of other operating expenses.
  • Net cash used for investing activities were up by 122 percent because there were acquisition and dispositions.
  • The cash provided by financing activities had a significant dividend payment and also repayment of debt hence, making it negative.

B. QIWI Stock Balance Sheet

Working Capital Total Current Assets Total Assets Total Current Liabilities Total Liabilities Total Equity Total Debt
2011-12 -665,000,000 12,449,216,000 15,305,622,000 5,323,635,000 12,863,723,000 2,441,899,000 190,013,000
2012-12 -477,000,000 14,302,635,000 18,708,774,000 6,316,017,000 16,160,620,000 2,548,154,000 64,867,000
2013-12 -1,411,000,000 15,822,943,000 20,664,581,000 5,457,861,000 17,865,955,000 2,798,626,000 109,986,000
2014-12 3,535,000,000 24,157,829,000 30,050,122,000 21,460,066,000 8,573,755,000 43,042,000
2015-12 9,014,000,000 23,314,812,000 41,577,495,000 8,871,328,000 22,422,849,000
ttm 9,014,000,000 23,314,812,000 41,577,495,000 8,871,328,000 22,422,849,000

Facts:

  • Current assets ratio is 2.63, therefore, it indicates that QIWI is capable of paying its short-term debt.
  • Total assets growth was 172 percent in five years, in addition, cash represents 47 percent of total assets.
  • The liabilities is 46 percent and total stockholders’ equities are 54 percent of total liabilities and stockholders’ equity.

C. QIWI Stock Income

Operating Income Selling, General, Administrative Expenses Net Income Intrinsic Value (whole company) Market Cap
2011-12 6,473,811,000 1,176,340,000 519,993,000
2012-12 6,939,954,000 1,198,580,000 910,138,000
2013-12 8,939,753,000 1,627,776,000 1,873,226,000 491,920,000
2014-12 11,283,150,000 2,215,625,000 5,024,140,000 1,173,420,000 1,100,000,000
2015-12 13,559,262,000 2,441,301,000 5,187,414,000 4,079,140,000 1,085,000,000
ttm 13,585,262,000 772,666,000 4,591,414,000 745,000,000

Facts:

  • Total operating income was up by 20 percent.
  • The net income has 898 percent growth in five years because the gross revenue also increased.
  • QIWI stock price is less than intrinsic value, therefore, undervalued, hence, indicating that QIWI can be a good candidate for Buy.

D. QIWI Stock Ratios

Net Margin % Return on Assets% Return on Equity % Asset Turnover (Average) Leverage (Average) Debt to Equity %
2011-12 6.37 3.61 21.9 0.57 6.27 0.08
2012-12 10.21 5.35 36.48 0.52 7.34 0.03
2013-12 16.06 9.52 70.07 0.59 7.38 0.04
2014-12 34.13 19.81 88.36 0.58 3.5 0.01
2015-12 29.28 14.48 33.47 0.49 1.85 0
ttm 25.64 16.14 29.96 0.63 1.67 0

Facts:

  • The net margin has grown 360 percent in the last five years.
  • The average return on equity was 50 percent.
  • QIWI has no total debt.
  • Total debts are short-term obligations plus long-term obligations.

In conclusion,

QIWI stock has a sound balance sheet and is also a profitable company. Furthermore, the net income has an impressive growth of 898 percent, hence total revenue is also increasing yearly.

 

Wikipedia on please clicks QIWI.

 

Researched and Written by Criselda

Twitter: criseldarome

 

 

 

Michael Kors Holdings Ltd (KORS)

July 15th, 2016 Posted by Investing in Stocks No Comment yet

KORS stock analysis is the focus of this post. Our method is the graph analysis. These are the graphs of cash flows, balance sheet, income, and the financial ratios. In addition,  the corresponding facts that we have provided made it easy to understand the financial statement.  As a result. and most of all, serve as a very reliable source for beginners in investing.

KORS Company Profile

KORS stockMichael Kors Holdings Limited (KORS) is a luxury lifestyle brand company around the globe.  KORS operates its business through three segments, the retail, wholesale and licensing. In addition, the company has a distribution network in other parts of the globe. The company-operated retail stores, leading department stores, specialty stores and select licensing partners. Furthermore, KORS offers two significant collections, the Michael Kors luxury collection and the MICHAEL Michael Kors accessible luxury collection.

 

Simple Financial Statement Analysis on KORS

A. Kors Stock Cash Flow

Net cash provided by operating activities Net cash used in investing activities Net cash provided by (used for) financing activities Capital expenditure
3/1/2011 110 -58 -38 -58
3/1/2012 115 -88 59 -88
3/1/2013 356 -139 151 -130
3/1/2014 632 -216 71 -214
3/1/2015 858 -388 -435 -385
ttm 1,110 -373 1,022 -376

Facts:

  • Net cash in operating activities grew 70 percent.
  • Investments in property, plant and equipment were used for cash from investing activities. 
  • Common stock repurchases at $1.04 billion were used for cash in financing activities.
  • Capital expenditures are investment in property plant and equipments.

B. Kors Stock Balance Sheet

Working Capital Total current assets Total assets Total current liabilities Total liabilities Total equity Total debt
3/1/2011 118 245 399 128 274 125 115
3/2/2012 299 464 674 165 218 456 23
3/1/2013 825 989 1,290 164 242 1,047 0
3/1/2014 1,469 1,777 2,217 308 351 1,806 0
3/1/2015 1,687 2,017 2,692 330 563 2,241 0

Facts:

  • Working capital increased by 106 percent in five years.
  • Current assets increase due to its cash,  receivable and inventories.
  • Assets were increasing yearly, due to investment in properties, plant, and equipment.
  • Current liabilities are financial obligations payable within one year.
  • Total equity increases mainly because of increased in retained earnings. 
  • KORS is capitalizing almost on its stockholders’ equity, consequently, the company is not using borrowed money on their operation.

C. Kors Stock Income Statement

Operating Income Sales, General and administrative Net Income Intrinsic value (whole company) Market Cap
3/1/2011 137 280 73 0 0
3/1/2012 248 465 147 0 10,220
3/1/2013 630 622 398 19,584 16,553
3/1/2014 1,009 927 661 35,185 15,097
3/1/2015 1,391 1,251 881 34,989 7,187
ttm 1,503 1,339 853 18,598 10,165

Facts:

  • The operating income grew 773 percent in five years due to KORS capability of generating more revenue.
  • Selling, general and administrative expenses are gradually increasing yearly because of increase revenue, therefore, expenses increase also.
  • Net income grew 1,070 percent in five years due to increase in revenue.

D.  Kors Stock Ratios

Net Margin % Return on Assets % Return on Equity % Asset Turnover (Average) Financial Leverage (Average) Debt to Equity %
 3/1/2011 7.08 14.24 45.39 2.01 3.19 0.81
3/1/2012 9.69 23.49 43.38 2.43 1.48 0
3/1/2013 18.22 40.49 52.89 2.22 1.23 0
3/1/2014 19.98 37.73 46.37 1.89 1.23 0
3/1/2015 20.15 35.90 43.54 1.78 1.2 0
ttm 18.92 33.42 41.36 1.77 1.28 0

Facts:

  • Net margin was up at 15 percent and reverted by 6 percent in the trailing twelve months.
  • The return on assets is averaging 30.37 percent while the trailing twelve months ratio is 33.42.
  • Return on equity is averaging 46.31 percent while the trailing twelve months ratio is 41.36.
  • Debt to equity is zero since KORS has no debt.

 

In Conclusion,

Michael Kors stock analysis indicates that the company is sound and stable, furthermore, its historical financial records show that management is efficient in generating sufficient revenue.

 

Wikipedia on please click Michael Kors. If you like to read our past post on KORS click here.

 

Researched and Written by Criselda

Twitter: criseldarome