Reality Check on HMIN

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stlplace
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HMIN     
# of ADRs 32,283,906/2

Price (27Dec06) $35    
Market Cap (USD) $1,129,936,710/2    Note Google Finance has incorrect number
     
Rev (RMB)       Q1          Q2               Q3             Q4 
2005       109,405,488 (1st half)  77,733,825   98,722,199 
2006 110,671,567 138,386,977 160,352,229 170,000,000 
YoY                                                106%          72% 

Est 2006 Rev: $73,343,136 (assume 1 USD = 7.9 CNY )

Market Cap/Sales: 7.5 (it’s not totally out of whack 🙂

Note: # of ADRs is outstanding shares expressed in ADR , note one ADR = two ordinary shares   

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