STP suntech Power Holdings

proteone

Nuovo Utente
Registrato
23/9/03
Messaggi
718
Punti reazioni
44
BUSINESS SUMMARY
Suntech Power Holdings Co., Ltd. operates as a global solar energy company. It designs, develops, manufactures, and markets various photovoltaic cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech’s customers are located in various markets worldwide, including Germany, Spain, China, and the United States. The company was founded in 2001 and is based in Wuxi, China.

Un po' sopravalutata ma mercato in ascesa

Market Cap (intraday): 5.15B
Enterprise Value (27-Mar-06)3: 4.65B
Trailing P/E (ttm, intraday): 120.24
Forward P/E (fye 31-Dec-07) 1: 34.89
PEG Ratio (5 yr expected): 0.69
Price/Sales (ttm): 21.90
Price/Book (mrq): 12.55
Enterprise Value/Revenue (ttm)3: 20.56
Enterprise Value/EBITDA (ttm)3: 98.164


FINANCIAL HIGHLIGHTS

Fiscal Year
Fiscal Year Ends: 31-Dec
Most Recent Quarter (mrq): 31-Dec-05


Profitability
Profit Margin (ttm): 13.55%
Operating Margin (ttm): 19.59%


Management Effectiveness
Return on Assets (ttm): 10.09%
Return on Equity (ttm): 14.27%


Income Statement
Revenue (ttm): 226.00M
Revenue Per Share (ttm): 2.455
Qtrly Revenue Growth (yoy): 136.30%
Gross Profit (ttm): 25.11M
EBITDA (ttm): 47.33M
Net Income Avl to Common (ttm): 28.22M
Diluted EPS (ttm): 0.30
Qtrly Earnings Growth (yoy): -4.00%


Balance Sheet
Total Cash (mrq): 359.32M
Total Cash Per Share (mrq): 2.484
Total Debt (mrq): 55.91M
Total Debt/Equity (mrq): 0.139
Current Ratio (mrq): 6.064
Book Value Per Share (mrq): 2.725
 

Allegati

  • stp.gif
    stp.gif
    14,7 KB · Visite: 600
L ultima Trim.

Suntech Power Reports Fourth Quarter and Fiscal Year 2005 Unaudited Financial Results
MONDAY, FEBRUARY 13, 2006 6:00 PM
- PR Newswire




STP
35.47 +1.26





Enter Symbol:



Enter Keyword:



Feb 13, 2006 /PRNewswire-FirstCall via COMTEX/ -- Suntech Power Holdings Co., Ltd. (STP) , a leading global solar energy company, today announced fourth quarter 2005 total net revenues of $89.0 million and net income of $10.6 million, or $0.10 per basic share. Total net revenues for fiscal year 2005 were $226.0 million and net income was $30.6 million, or $0.31 per basic share.

"Increasing adoption of solar energy initiatives worldwide, particularly in China and Spain, drove strong demand for our solar cell and module products in the fourth quarter," said Dr. Zhengrong Shi, Suntech's chairman and CEO. "This led to our solid financial performance for the fourth quarter and the year as we continue to be one of the fastest growing pure play PV manufacturers in the world.

"We significantly grew our production capacity in 2005 to 150MW. The demand for solar energy worldwide continues to exceed supply, and the market is rapidly absorbing any increases in capacity. By the end of 2006, we expect our capacity to reach 240MW," added Dr. Shi.

Fourth Quarter 2005 Results

Suntech's total net revenues for the fourth quarter increased 136.3 percent to $89.0 million over fourth quarter 2004 total net revenues of $37.7 million, and 57.2 percent over third quarter 2005 total net revenues of $56.6 million. Growth in net revenues in the fourth quarter was due to increases in production volumes and demand, and improvements in the average sales prices of Suntech's photovoltaic ("PV" or "solar") cell and module products.

Suntech successfully executed its 2005 expansion plans adding a 30MW solar cell production line that became operational at the end of the fourth quarter of 2005. This increases Suntech's annual capacity to 150MW from 120MW as of September 30, 2005. During the fourth quarter, Suntech derived approximately 63.7 percent of total net revenues from PV modules.

Fourth Quarter 2005 PV Net Revenues by Products

Q4 2005 % of Q4 Growth Growth
2005 Net vs. Q4 vs. Q3
Revenues 2004 2005

PV Cells $31.7 million 35.7 % +1,729.6% +126.6%
PV Modules $56.7 million 63.7 % +57.8% +34.8%
PV System Integration $ 0.6 million 0.6 % +6,301.8% +2.6%
Total $89.0 million 100.0 %


Gross profit for the fourth quarter was $23.6 million, representing an increase of 83.7 percent over fourth quarter 2004 gross profit of $12.8 million, and an increase of 39.6 percent over third quarter 2005. Gross margin decreased to 26.5 percent, compared with 34.1 percent in the fourth quarter 2004 and 29.8 percent in the third quarter 2005. The decrease in gross margin in the fourth quarter 2005 as compared with the fourth quarter 2004 and the third quarter 2005 was largely attributable to an increase in the cost of raw materials, which constituted the largest portion of cost of revenues. The sequential decrease in gross margin was also partly due to a $1.6 million inventory write-off for substandard wafers as well as an increase in share-based compensation to $1.2 million.

The Company has continued to focus on technology research and development to achieve high performance solar cells at low cost per watt. As of December 31, 2005, the conversion efficiency rates of the Company's monocrystalline and multicrystalline silicon PV cells reached 17.0 percent and 15.3 percent, respectively, up from 16.5 percent and 15.0 percent, respectively, at the end of the third quarter 2005.

Income from operations for the fourth quarter was $12.5 million, or 14.1 percent of total net revenues, compared with $11.0 million, or 29.3 percent of total net revenues in the fourth quarter of 2004, and $10.3 million, or 18.2 percent of total net revenues in the third quarter 2005. The decrease in operating margin compared with both prior periods was primarily due to decrease in gross profit margins as well as increases in share based compensation and research and development expenses.

Net income for the fourth quarter was $10.6 million, representing a 4.0 percent decrease from the same quarter in the prior year and a 21.9 percent increase from the third quarter 2005. Basic net income per share for the fourth quarter 2005 was $0.10.

Full Year 2005 Financial Results

For the full year 2005, Suntech's total net revenues increased 165.0 percent to $226.0 million over total net revenues in 2004 of $85.3 million. For the full year 2005, Suntech derived approximately 24.2 percent of total net revenues from PV cells driven mainly by the strong demand from China's domestic market.

Fiscal Year 2005 PV Net Revenues by Products

2005 % of Growth 2004 % of
2005 vs. 2004
Net 2004 Net
Revenues Revenues

PV Cells $54.7 million 24.2% 645.5% $7.3 million 8.6%
PV Modules $170.1 million 75.3% 118.4% $77.9 million 91.4%
PV System
Integration $1.2 million 0.5% 2,012.6% $0.1 million 0.0%
Total $226.0 million 100.0% $85.3 million 100.0%


Gross profit for the full year 2005 was $68.6 million, representing an increase of 173.0 percent from the prior year's gross profit of $25.1 million. Gross margin increased slightly to 30.3 percent, compared with 29.4 percent in the previous year. Income from operations for the full year 2005 was $42.7 million, or 18.9 percent of total net revenues, and a 113.2 percent increase over 2004 income from operations of $20.0 million, or 23.5 percent of total net revenues. The decline in operating margin in 2005 is primarily due to the increase in general and administrative expenses related to Suntech's business expansion, restructuring and share based compensation charges.

Net income for the full year 2005 was $30.6 million, representing a 55.0 percent increase from the previous year. Basic net income per share was $0.31 in 2005 compared to $0.22 in 2004.

Balance Sheet and Cash Flow

As of December 31, 2005, Suntech had cash and cash equivalents of $359.3 million. Net operating cash flow for the full year 2005 was $22.6 million, compared with $2.6 million for 2004. Suntech had capital expenditures of $29.7 million in 2005, compared with $9.4 million for 2004.

Business Outlook

Suntech expects its total net revenues in the first quarter 2006 to be in the range of $75 million to $80 million, representing year-over-year growth in the range of 95 percent and 108 percent.
 
Aggiornamento.

Oggi bella finta(secondo me)x poi riprendere con volumi
 

Allegati

  • stpe.gif
    stpe.gif
    15,5 KB · Visite: 500
Suntech Power Chosen to Provide Solar Energy System for Beijing Olympics
MONDAY, APRIL 17, 2006 8:54 AM
- PR Newswire




STP
34.05 -0.15









BEIJING, April 17, 2006 /Xinhua-PRNewswire via COMTEX/ -- Suntech Power Holdings Co., Ltd. (STP) , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, announced today an exclusive contract to supply a 130KW solar energy system for Beijing's Bird's Nest Stadium, the main stadium for the 2008 Beijing Olympic Games. The world-class solar energy system will be installed at 12 entrances of the Bird's Nest Stadium.

"The Bird's Nest Stadium solar energy project demonstrates China's commitment to clean, renewable energy and a green Olympics," remarked Dr. Zhengrong Shi, Suntech's chairman and CEO. "We are delighted that Suntech's leading PV system has been chosen to help power the main stadium for the 2008 Beijing Olympics."

Dr. Shi noted that China's first renewable energy law, which came into effect at the beginning of 2006, is designed to increase renewable energy use in China.

Suntech is committed to becoming the 'lowest cost per watt' provider of PV solutions to customers worldwide. According to Solarbuzz, an independent solar energy research firm, PV industry revenues were approximately $6.5 billion in 2004. Solarbuzz projects that PV industry revenues will reach $18.6 billion by 2010.
 
Eh si, era stata una bella finta :)

ora a 40$
 

Allegati

  • stp.gif
    stp.gif
    15,8 KB · Visite: 458
Azz...sull onda della trim di SPWR si è rimangiata la candellozza di ieri

ora a -8% (37.5$) circa
 
Dopo la caduta apre alta con l uscita della trimestrale


Buona la trimestrale e buono l outlook
tutti due sopra le stime.


Suntech Power Reports First Quarter 2006 Financial Results
THURSDAY, MAY 18, 2006 8:01 AM
- PR Newswire




STP
27.40 -1.98





Enter Symbol:



Enter Keyword:



WUXI, China, May 18, 2006 /Xinhua-PRNewswire via COMTEX/ -- Suntech Power Holdings Co., Ltd. (STP) , one of the world's leading manufacturers of photovoltaic (PV) cells, today announced first quarter 2006 total net revenues of $89.9 million and net income attributable to holders of ordinary shares of $19.3 million, or $0.12 per diluted American Depository Share (ADS).

"During the quarter we continued to improve our solar cell conversion efficiency rates while shifting more production to use thinner 210 micron wafers. This helped us to improve profitability even while silicon wafer prices continued to rise," said Dr. Zhengrong Shi, Suntech's chairman and CEO. "We intend to continue to achieve profitable growth by lowering cost per watt through our R&D efforts, increasing production capacity and expanding our markets as more and more governments worldwide launch initiatives promoting the use of solar energy."

First Quarter 2006 Results

Total net revenues for the first quarter of 2006 were $89.9 million, an increase of 1.0% sequentially and 133.5% year-over-year. The modest sequential growth rate reflected seasonality in production as there was approximately one fewer working week during the first quarter compared to other quarters due to the Chinese New Year holidays.

Breakdown of First Quarter 2006 Net Revenues

Q1 2006 % of Q1 Growth Growth
2006 Net vs. Q1 vs. Q4
Revenues 2005 2005
PV Cells $40.6 45.1 % +688 % +28 %
million
PV Modules $49.3 54.9 % +48 % (13%)
million
PV System $0.03 -- +128 % (95%)
Integration million
Total $89.9 100.0 % +134 % +1 %
million


During the first quarter of 2006, Suntech shipped total output of 26.8MW and increased its annualized capacity from 150MW to 180MW. Average sales prices of PV cells and PV modules were $3.05 and $3.65 per watt, respectively, compared to $3.12 and $3.49 per watt, respectively, in the fourth quarter of 2005, and $2.63 and $3.29 per watt, respectively, in the first quarter of 2005.

Gross profit for the first quarter of 2006 was $27.1 million, representing an increase of 14.7% over the fourth quarter of 2005 and 102.6% over the first quarter of 2005. Gross margin for the first quarter of 2006 was 30.1% compared to 26.5% in the fourth quarter of 2005 and 34.7% in the first quarter of 2005. Sequentially, gross margins increased due to a rise in the price of PV modules and improved conversion efficiencies. The year-over-year gross margin decrease was primarily due to increases in the cost of raw materials as well as share based compensation.

Operating expenses in the first quarter of 2006 were $7.0 million compared to $11.0 million in the fourth quarter of 2005 and $2.0 million in the first quarter of 2005. The sequential decrease in operating expenses were primarily due to a decline in share based compensation to $2.3 million in the first quarter of 2006 from $5.8 million in the fourth quarter of 2005, as well as fourth quarter operating expenses including certain internal expenses associated with Suntech's restructuring and December 2005 initial public offering. The year-over-year increase in operating expenses reflected growth in the business needed to support the Company's revenue growth as well as share based compensation expenses.

Income from operations for the first quarter of 2006 was $20.1 million, representing a sequential increase of 59.9% and a year-over-year increase of 76.9%. Operating margin was 22.3% compared to 14.1% in the fourth quarter of 2005 and 29.5% in the first quarter of 2005.

Net income attributable to holders of ordinary shares for the first quarter of 2006 was $19.3 million, representing a 97.7% sequential increase and a 93.3% increase year-over-year. Basic and diluted net income per ADS for the first quarter of 2006 were $0.13 and $0.12, respectively, compared with $0.10 and $0.08 in the fourth quarter of 2005, respectively. First quarter 2005 basic and diluted net income per ADS were both $0.11.

Net income attributable to holders of ordinary shares excluding share- based compensation expenses (non-GAAP) for the first quarter of 2006 was $22.1 million, an increase of 31.4% from the fourth quarter of 2005, and a 121.6% increase year-over-year. Basic and diluted net income per ADS excluding share- based compensation expenses (non-GAAP) for the first quarter of 2006 were $0.15 and $0.14, respectively. First quarter 2005 basic and diluted net income per ADS excluding share-based compensation expenses (non-GAAP) were both $0.11. (Please refer below to the reconciliation of GAAP net income and basic and diluted net income per ADS to non-GAAP net income and basic and diluted net income per ADS and a detailed discussion of management's use of non-GAAP information.)

As of March 31, 2006, Suntech had cash and cash equivalents of $345.1 million. Net operating cash outflow for the first quarter was $31 million primarily as Suntech made advance payments to suppliers to secure silicon wafers. The operating cash outflow in the first quarter of 2006 was also due to the increase in inventory balance from $40.4 million as of December 31, 2005 to $61.8 million as of March 31, 2006, as Suntech accumulated raw materials for further production expansion. In the first quarter of 2006, depreciation was $1.4 million and capital expenditures were $12.2 million.

Business Highlights
-- In the first quarter of 2006, Suntech's multicrystalline silicon PV
cell conversion efficiency rate, using solar grade raw material,
increased to 15.4% from 15.2%, and the Company maintained its
monocrystalline silicon PV cell conversion efficiency rate at 17.0%.
Suntech continued to expand its pilot production using 18.0% conversion
efficiency technology with solar grade silicon and is on-track to reach
20.0% conversion efficiency by 2008.
-- On May 1, 2006, Suntech announced that it had received Underwriters
Laboratories (UL) certification, which would expand its ability to sell
products into the United States, one of the world's largest solar
markets.
-- Also on May 1, 2006, Suntech broke ground for its additional
manufacturing site in Wuxi, China, which is planned to have more than
66,000 square meters of floor space. The Company anticipates that the
new building will be ready for equipment installation in early 2007.
-- Suntech's capacity expansion remains on schedule. The Company added an
additional 30MW production line that began to ramp production in April.
The Company anticipates reaching 240MW annualized capacity by the end
of the third quarter 2006.
-- In the first quarter of 2006, Suntech won system integration contracts
in China for a total of approximately 2.2MW.

Additional Senior R&D Staff


In the first quarter of 2006, Suntech continued to build its R&D capabilities, adding key members to its senior staff:

-- Dr. Tihu Wang joined Suntech as vice general manager of R&D. Dr. Wang
has 23 years of experience in leading and conducting advanced
scientific research on high-efficiency solar cells, semiconductor
crystal growth, material characterizations, and physical metallurgy.
Prior to joining Suntech, Dr. Wang worked at the U.S. National
Renewable Energy Laboratory where he acquired extensive expertise in
the entire line of silicon photovoltaic technology, from silicon
feedstock production, crystal growth and solar cell manufacturing, to
thin-film silicon fabrication.
-- Mr. Guangchun Zhang, was named Suntech's deputy research director of
R&D. Mr. Zhang, who has been with Suntech since November 2005,
specializes in research on high-efficiency solar cell design. He
previously worked at the Centre for Photovoltaic Engineering and the
School for Photovoltaic Engineering at the University of New South
Wales in Australia.

Outlook for Second Quarter 2006


Suntech expects its total net revenues in the second quarter of 2006 to be in the range of $110 million to $117 million, representing year-over-year growth of 163% to 179%.

Suntech expects its total production output to be in the range of 31MW to 33MW in the second quarter of 2006. Suntech continues to expect its total production output to be between 130MW to 140MW for the full year 2006.
 
Uscita la trimestrale...decisamente sopra le aspettative.

L outlook in linea ma ci si aspetta maggiori entrate(un +15%) dovute all acquisizione della nuova compagnia MSK Corporation.
 
entrato pesante su spwr....a 26,02....sperem....
 
Ok!
 

Allegati

  • JCPrintChart.gif
    JCPrintChart.gif
    7,6 KB · Visite: 167
Da lontano :D
 

Allegati

  • JCPrintChart.gif
    JCPrintChart.gif
    10,4 KB · Visite: 166
Attenzione oggi:

earnings attesi prima dell'apertura.
la particolarità è che ci sono stati ben 2 upgrades in prossimità di questo evento.

Venerdì 17 Upgrade di Thomas Wiesel:
http://finance.yahoo.com/q/ud?s=STP

Credit Suisse addirittura oggi stesso e con TP a 116.$:
http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=STP:US&sid=ab1zNaMsHJfo

azz se ben 2 analisti si sbilanciano così a poche ore dai risultati mi viene da pensare che saranno decisamente buoni.... o invece dobbiamo preoccuparci?
 
Diciamo che i dati sono in linea con le stime.

Pure l outlook x il prossimo trimestre si aspetta nelle attese :)

Outlook for Fourth Quarter 2006

Based on current operating and other conditions, Suntech expects its total net revenue, excluding MSK, in the fourth quarter 2006 to be in the estimated range of $166 million to $170 million, representing year-over-year growth of 87% to 91%.

Suntech expects its total production output, excluding MSK, to be in the estimated range of 45MW to 46MW in the fourth quarter of 2006 and 250MW for the full year 2007.

In the fourth quarter 2006, MSK is expected to contribute $60 to $64 million, or approximately 27% to Suntech's total net revenue, and production output to be in the estimated range of 14MW to 15MW. In 2007, the Company expects the volume of PV modules shipped by MSK to be flat to down as it focuses on growing the sales of MSK's higher value-added BIPV products.
 
Oggi stanno rastrellando....
 
Suntech Announces Contract to Supply World's Largest Solar Power Plant
Wednesday November 22, 8:00 am ET


WUXI, China, Nov. 22 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP - News), one of the world's leading manufacturers of photovoltaic (PV) cells and modules, has announced it has recently entered into a solar module supply contract with Atersa, a subsidiary of Elecnor Group, one of Spain's leading project planning and integrated management and infrastructure development companies. In one of its largest and most sophisticated projects to date, Suntech will supply solar modules with an aggregate output of 23.2MW to Atersa for installation in the Photovoltaic Grid Connection Park in the Extremadura region of Spain. It is expected that these solar modules will be supplied within the first half of 2007.
''Atersa has broad experience in energy integration products and we are pleased to be able to work with them to build this Photovoltaic Park,'' said Dr. Zhengrong Shi, Suntech's Chairman and CEO. ''With Spain's recently enacted feed-in-tariffs and a climate favorable to solar energy production we expect that Spanish demand for solar products will grow rapidly in coming years. Suntech aims to be a long term provider of quality PV products in Spain and this project is a critical part of that effort.''

''After a careful evaluation of potential partners and suppliers for this landmark Photovoltaic Grid Connection Park, we chose Suntech as we were highly satisfied with the value and quality of their product,'' said Mr. Virgilio Navarro, Atersa's CEO. ''We look forward to working closely with Suntech as part of this project.''

The Photovoltaic Park will cover an area of 65 hectares and have more than 120,000 solar modules. When completed, it will be the largest such power plant in the world, generating over three times more energy than the next largest installation.

Suntech's sales in Spain have already grown to account for nearly 12% of total revenue in the third quarter of 2006 and this project will greatly increase the Company's presence in this market.

About Elecnor

The Elecnor Group is one of Spain's leading companies in the field of project planning and integrated management and infrastructure development, operating in the areas of energy, electricity, installations, gas, telecommunications, railways, the environment, water, operation and maintenance and construction. The Elecnor Group currently has a presence in over 30 countries, with its main markets lying in Central America, South America, French- and Portuguese-speaking Africa and the Middle and Far East.
 
Titolo dal business troppo attuale per non prenderlo in considerazione

ha un unico difetto è cinese, cmq vedremo di capire meglio tra i nr amesso che sia possibile, chart al guado della 200 vediamo se ci brekka sopra
 
Indietro