Reality Check on HMIN
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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