Since the battering has seemed to die down a bit I thought perhaps
it would be safe to atually say something without being slandered.
Soo, that said, I'll drop some information here that I picked up.
Also a quick note to you TA guru's (Doug R, and Stan) THANKS for
your input. I follow the 56ers thread religiously though I haven't
said much, but what way to make money! Good luck to everyone and
here we go:
Actrade International Ltd Ticker: ACRT CUSIP: 004931101
BRIEF
ACRT, through its wholly owned subsidiaries, is
engaged in international trade and finance in the direct
export of American products. ACRT also operates a travel
agency. For the 6 months ended 12/97, net sales totalled
$43.1M, up from $16.5M. Net income totalled $2M, up from
$632K. Revenues rose due to the expanded operations through
Actrade, S.A. and Capital's TAD program. Earnings also
benefitted from lower S/G/A as a percentage of sales.
RATIOS AND STATISTICS AT A GLANCE
(As of 04/09/98)
Price $ 13.13 Avg Monthly Vol. 8.419 Mil.
52W High $ 30.00 Avg Daily Vol. 0.181 Mil.
52W Low $ 10.50
Beta -0.29
TTM EPS $ 0.43 Ann. Div. Rate $ 0.00
P/E 30.52 Div. Yield 0.00 %
5 Yr High P/E 83.91 5 Yr Avg Yield 0.00 %
5 Yr Low P/E 15.63 Last Dividend Decl. $ NA
Last Div Ex-Date NA
Last Div Pay Date NA
INSTITUTIONAL OWNERSHIP
# of Institutions 28
% Shares Out. Owned 19.34 %
3 Month Net purchases 0.81 Mil.
COMPANY COMPARISON
TO THE MACHINERY AND S&P 500 AGGREGATES
COMPANY INDUSTRY % S&P 500
PROFITABILITY RATIOS:
Net Profit Margin 4.72 6.18 76.4% 10.44
Return on Equity 23.64 19.92 118.7% 21.94
Interest Coverage 46.53 11.97 388.6% 10.40
VALUATION RATIOS:
P/E Ratio 30.52 19.39 157.4% 29.36
Dividend Yield 0.00 1.11 0.0% 1.41
Price to Tangible Book 5.59 8.73 64.0% 10.21
Price to Book 5.59 3.80 147.1% 7.16
Price to Free Cash Flow -16.78 36.39 -46.1% 40.72
FINANCIAL STRENGTH RATIOS:
Current Ratio 9.63 1.86 519.0% 1.41
LT Debt to Equity 0.00 0.75 0.0% 0.81
Total Debt to Equity 0.00 1.05 0.0% 1.04
GROWTH STATISTICS:
3 Yr Rev Growth 53.09 14.82 358.1% 14.08
3 Yr EPS Growth 70.79 20.70 342.0% 15.49
3 Yr Div Growth NM 18.61 NM% 10.95
Reinvestment Rate 100.00 82.29 121.5% 67.32
EQUITY
Common Stock $.0001 Par, 12/97, 100M auth., 8,263,751 issd.
Insiders control approx. 32%. Public Offering 2/88, 3M
units (1 common + 4 warrant 6/89) @ $.05 by Castle
Securities Corp. (As of 6/97) Short term debt: $1M @ Prime
+ 1%.
ANALYST FOOTNOTES
FY'91 & FY'92 restated. 2/94, 514 warrants conv. into 1
Common $1.75. 5/97, Co. issd. 2,500 shares of Common.
6/97, Co issd. 685,000 shares of Common.
HISTORICAL QUARTERLY RESULTS
REVENUE
(Thousands of U.S. Dollars)
1995 1996 1997 1998
1st Qtr SEP 3,857 5,482 7,578 20,002
2nd Qtr DEC 3,978 5,710 8,881 23,116
3rd Qtr MAR 3,749 5,884 12,998
4th Qtr JUN 4,832 6,762 14,042
EARNINGS PER SHARE
(U.S. Dollars per share)
1st Qtr SEP 0.030 0.030 0.050 0.120
2nd Qtr DEC 0.030 0.040 0.060 0.130
3rd Qtr MAR 0.010 0.030 0.080
4th Qtr JUN 0.010 0.045 0.110
SELECTED INCOME STATEMENT ITEMS
(Thousands of U.S. Dollars)
ANNUAL YEAR TO DATE
12 MONTHS 12 MONTHS 6 MONTHS 6 MONTHS
ENDING ENDING ENDING ENDING
06/30/96 06/30/97 12/31/96 12/31/97
Revenue 23,838 43,499 16,459 43,118
Operating Expenses 23,065 41,536 15,764 40,896
Operating Income 773 1,963 695 2,222
Non-Operating Income 156 95 15 72
Non-Operating Expenses -150 -45 -32 -62
Income Before Taxes 779 2,013 678 2,232
Income Taxes 21 109 47 194
Income After Taxes 758 1,904 631 2,038
Adjustments to Income 0 0 0 0
Inc. for Primary EPS 758 1,904 631 2,038
EPS Excl. Xord Items 0.141 0.279 0.103 0.244
Disc Opns + Xord Items 0 0 0 0
EPS Incl. Xord Items 0.141 0.279 0.103 0.244
Avg Primary Shs Out. 5,378.43 6,828.97 6,138.38 8,337.50
Common Dividends/Shr 0.000 0.000 0.000 0.000
F.D. EPS Excl. Xord 0.141 0.279 0.103 0.244
F.D. EPS Incl. Xord 0.141 0.279 0.103 0.244
SELECTED BALANCE SHEET ITEMS
(Thousands of U.S. Dollars)
YEAR ENDING QUARTER ENDING
06/30/96 06/30/97 12/31/96 12/31/97
Cash & ST Investments 1,925 7,352 529 2,532
Receivables 5,940 11,747 9,151 18,772
Other Current Assets 105 9 52 13
Total Current Assets 7,970 19,108 9,732 21,317
LT Investments 0 0 0 0
Fixed Assets 104 239 140 309
Other LT Assets 15 18 16 27
Total Assets 8,089 19,365 9,888 21,653
Accounts Payable 1,873 1,995 1,546 1,996
ST Debt & Curr LTD 1,179 1,019 676 0
Other Current Liab. 91 113 56 218
Total Current Liab. 3,143 3,127 2,278 2,214
LT Debt & Cap Leases 0 0 0 0
Other LT Liabilities 56 45 51 39
Total Liabilities 3,199 3,172 2,329 2,253
Preferred Stock 0 0 0 0
Common & Paid In Capital 3,108 12,507 5,059 13,678
Retained Earnings 1,782 3,686 2,414 5,723
Other Equity 0 0 88 0
Total Equity 4,890 16,193 7,561 19,401
Shares Outstanding 5,683 7,471 6,331 8,264
SELECTED STATEMENT OF CASH FLOWS ITEMS
INDIRECT METHOD (Thousands of U.S. Dollars)
ANNUAL YEAR TO DATE
12 MONTHS 12 MONTHS 6 MONTHS 6 MONTHS
ENDING ENDING ENDING ENDING
06/30/96 06/30/97 12/31/96 12/31/97
Net Income 757 1,904 632 2,037
Depreciation & Amort. 25 41 0 34
Non Cash Items 13 0 0 0
Other Operating CF -1,675 -5,655 -3,512 -6,938
Total Operating CF -880 -3,710 -2,880 -4,867
Capital Expenditures -35 -176 -53 -105
Other Investing CF 0 -3 0 0
Total Investing CF -35 -179 -53 -105
Dividends Paid 0 0 0 0
Sale (Purch.) of Stock 1,065 9,399 2,039 1,171
Net Borrowings 5 -82 -503 -1,019
Other Financing CF 0 0 0 0
Total Financing CF 1,070 9,317 1,536 152
Exchange Rate Effect 0 0 0 0
Net Change In Cash 156 5,428 -1,396 -4,820
COMPANY CONTACT, ADDRESS & PHONE #:
Director of Investor Relations
Actrade International Ltd
7 Penn Plaza
Suite 422
New York, NY 10001
PHONE: (212) 563-1036 |
