Aldila Inc. P/S of 0.23, COGS Decreasing, Signing Major DealsVW Staff
As of 26th September 2012, the stock for Aldila, Inc. (PINK:ALDA) stood at USD 2.3 per share with a total market capitalization of USD 11.85 million. The stock is trading at a P/S ratio of 0.23 and a P/B ratio of 0.68.
For the 6MFY12, the company registered net sales of USD 28.1 million as compared to USD 23.3 million for 6MFY11 achieving YOY growth of 20.6%. The major reason for this performance was increase in gross unit sales which increased by 27% YOY and the composite product sales which increased by 31% YOY. The composite material sales were decreased by 10% YOY.
The gross profit of the company was recorded at USD5.06 million for the 6MFY12 compared to a figure of USD 5.33 million for 6MFY11; showing an YOY decrease of 5.06%.
For 6MFY12, the company reported net loss of USD 4 million as compared to a net loss of USD 0.97 million in 6MFY11. The loss per share of the company increased by 311% YOY to finish at USD 0.74 per share for 6MFY12. The net loss was mainly impacted by a consolidation charge relating to the Company’s China plant. Ignoring the impact of the plant consolidation charge for the comparative periods, the company would have reported loss per share of USD 0.16 for 6MFY12 as against USD 0.18 per share for 6MFY11.
As at 30th June’ 2012, the Company had USD 0.46 million in cash balance translating in a cash value per share of USD 0.09. The Company had totat debt of USD 3.15 million resulting in a debt to equity ratio of 17.29. The book value per share as at 30th June 2012 stood at USD 3.38 per share.
Value Investors should watch out this stock due to the following reasons:
* The company’s products have enjoyed one of the best years on the PGA Tour as it shafts have been used to win 7 tournaments on the tour which bodes well for the company’s brand identity and loyalty of customer base!
* The Company has continued to strike deals with major multi-store dealers during the year!
* Production moving from China to Vietnam resulting in provision of lower cost and high quality products!