News Watch-List: BEST Inc. (NYSE: BEST)

On 09 May 2020, BEST Inc. (NYSE: BEST) changed 4.57% to recent value of $5.26. The stock transacted 990584 shares during most recent day however it has an average volume of 1329.86K shares. It spotted trading -19.57% off 52-week high price. On the other end, the stock has been noted 31.17% away from the low price over the last 52-weeks.

BEST Inc. (BEST) recently reported its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019.

For the Quarter Ended December 31, 2019 :

Revenue was RMB10,767.9M ( US$1,546.7M ), a raise of 19.2% year-over-year (“YoY”). Revenue ex-Store + was RMB10,156.7M ( US$1,458.9M ), a raise of 20.6% YoY.

– Express Service Revenue increased 16.0% YoY to RMB6,895.6M ( US$990.5M ).

– Freight Service Revenue increased 27.8% YoY to RMB1,555.2M ( US$223.4M ).

– Supply Chain Management Service Revenue reduced 11.5% YoY to RMB607.1M ( US$87.2M ).

– Store + Service Revenue reduced 0.7% YoY to RMB611.2M ( US$87.8M ).

– Others (1) Service Revenue increased 91.3% YoY to RMB1,098.8M ( US$157.8M ).

Gross Profit was RMB639.2M ( US$91.8M ), a raise of 22.0% YoY; and Gross Profit Margin was 5.9%, an improvement of 0.1 percentage point YoY. Gross Profit ex-Store + was RMB561.5M ( US$80.7M ), a raise of 22.2% YoY; and Gross Profit Margin ex-Store + was 5.5%, the same as it was in the fourth quarter of 2018.

Net Income was RMB43.4M ( US$6.2M ), contrast to Net Loss of RMB24.0M in the same period of 2018; and Non-GAAP Net Income (2) (3) was RMB61.0M ( US$8.8M ), contrast to Non-GAAP Net Income of RMB20.1M in the same period of 2018. Net Income ex-Store + was RMB129.6M ( US$18.6M ); and Non-GAAP Net Income ex-Store + (2) (3) was RMB143.8M ( US$20.7M ).

Diluted EPS (4) was RMB0.13 (US$0.02) , contrast to negative RMB0.06 in the same period of 2018; and Non-GAAP diluted EPS (3)(5) was RMB0.18 (US$0.03) , contrast to RMB0.05 in the same period of 2018.

EBITDA (3)(6) was RMB161.8M ( US$23.2M ), contrast to RMB109.0M in the same period of 2018; and Adjusted EBITDA (3)(6) was RMB177.0M ( US$25.4M ), contrast to RMB150.1M in the same period of 2018. EBITDA (3)(6) ex-Store + was RMB242.9M ( US$34.9mmm ); and Adjusted EBITDA (3)(6) ex-Store + was RMB256.2M ( US$36.8M ).

Net Cash Generated from Operating Activities was RMB486.8M ( US$69.9M ), contrast to RMB729.0M in the same period of 2018.

For the Fiscal Year Ended December 31, 2019 :

Revenue was RMB35,175.9M ( US$5,052.7M ), a raise of 25.8% year-over-year (“YoY”). Revenue ex-Store + was RMB32,358.7M ( US$4,648.0M ), a raise of 28.8% YoY.

– Express Service Revenue increased 23.2% YoY to RMB21,807.6M ( US$3,132.5M ).

– Freight Service Revenue increased 27.3% YoY to RMB5,224.4M ( US$750.4M ).

– Supply Chain Management Service Revenue increased 5.6% YoY to RMB2,190.4M (US$314.6M).

– Store + Service Revenue reduced 1.0% YoY to RMB2,817.2M (US$404.7M).

– Others Service Revenue increased 153.7% YoY to RMB3,136.3M (US$450.5M).

Gross Profit was RMB1,959.0M (US$281.4M), a raise of 35.9% YoY; and Gross Profit Margin was 5.6%, an improvement of 0.4 percentage points YoY. Gross Profit ex-Store + was RMB1,637.3M (US$235.2M), a raise of 38.1% YoY; and Gross Profit Margin ex-Store + was 5.1%, an improvement of 0.4 percentage points YoY.

Net Loss was RMB219.1M (US$31.5M), contrast to Net Loss of RMB508.4M in fiscal year 2018; and Non-GAAP Net Loss was RMB124.1M (US$17.8M), contrast to Non-GAAP Net Loss of RMB451.9M in fiscal year 2018. Net Income ex-Store + was RMB150.6M (US$21.6M); and Non-GAAP Net Income ex-Store + was RMB231.8M (US$33.3M).

Diluted EPS was negative RMB0.52 (US$0.08) , contrast to negative RMB1.32 in fiscal year 2018; and Non-GAAP diluted EPS was negative RMB0.28 (US$0.04) , contrast to negative RMB1.17 in fiscal year 2018.

EBITDA was RMB276.0M ( US$39.7M ), contrast to negative RMB62.7M in fiscal year 2018; and Adjusted EBITDA was RMB360.4M ( US$51.8M ), contrast to negative RMB18.2M in fiscal year 2018. EBITDA ex-Store +( 7 ) was RMB630.7M ( US$90.6M ); and Adjusted EBITDA ex-Store +( 8 ) was RMB708.3M ( US$101.7M ).

Net Cash Generated from Operating Activities was RMB852.8M ( US$122.5M ), contrast to RMB637.2M in fiscal year 2018.

BEST has a gross margin of 5.60% and an operating margin of -0.90% while its profit margin remained -0.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 60.60% for this year while earning per share for the next 5-years is expected to reach at 40.00%.  The company has 262.89M of outstanding shares and 200.56M shares were floated in the market. According to the most recent quarter its current ratio was 0.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.59% from the mean of 20 days, 0.54% from mean of 50 days SMA and performed -1.62% from mean of 200 days price. Company’s performance for the week was 2.73%, -1.68% for month and YTD performance remained -5.40%.

 

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