正文
LDK 2008 shipment is planned at 530MW,
currently sale price $2.27 per W,
quarterly decline rate 1.5%
==> rev $1.1B, (growth rate roughly 120%)
gross margin 25% to 30%
==> gross proft $275--$330m
op cost, $30-35m,
==> net profit $240m -- $300m (growth roughly 100% to 150%)
fully diluted shares, 112.5m now, maybe 120m by end 2008
==> 2008 diluted net earning per share: $2.0-$2.5
now, it's up for the market, ie, growth fund or aggressive growth fund managers to allocate a '08 PE for LDK which is fully expect to grow at 100%, (and more beyond in '09 with own poly factory)
PE 20: $40-50,
PE 25: $50-60,
PE 30: $60-75,
PE 40: $80-100,
keep that in mind, take advantage of market mispricing opportunities,
currently sale price $2.27 per W,
quarterly decline rate 1.5%
==> rev $1.1B, (growth rate roughly 120%)
gross margin 25% to 30%
==> gross proft $275--$330m
op cost, $30-35m,
==> net profit $240m -- $300m (growth roughly 100% to 150%)
fully diluted shares, 112.5m now, maybe 120m by end 2008
==> 2008 diluted net earning per share: $2.0-$2.5
now, it's up for the market, ie, growth fund or aggressive growth fund managers to allocate a '08 PE for LDK which is fully expect to grow at 100%, (and more beyond in '09 with own poly factory)
PE 20: $40-50,
PE 25: $50-60,
PE 30: $60-75,
PE 40: $80-100,
keep that in mind, take advantage of market mispricing opportunities,
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