Even After A 25% Pop In The Last Two Weeks, Sina Is Seriously Undervalued [Seeking Alpha]
SINA (SINA)
Last sina earnings: 2/26 05:00 am
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US:NASDAQ Investor Relations:
corp.sina.com.cn/eng/sina_rela_eng.htm
Company Research
Source: Seeking Alpha
Summary Soon after Sina (NASDAQ: SINA ) reported a spectacular set of numbers a couple of weeks ago for its March quarter, I had written an article for another platform titled " Will Sina Slip Through Investors' Finger Yet Again? ". Sina's shares closed that day at $99.04 per share, up $15 after a blow-out earnings report the night before. Shares closed this past week at $104.25 per share. Two weeks ago, Wall Street analysts were expecting the company to earn $2.30 per share in earnings for 2017, and currently, those estimates have been raised to $2.70 per share after the company's Q1:17 earnings report a couple of weeks ago. For 2018, estimates have been raised from $3.55 per share to $3.90 per share just in the last two weeks or so. At $3.55 per share in earnings for 2018, Sina is currently valued at roughly 27x. Using a P/E multiple of just 31x (based on Wall Street estimated revenue growth for 2018 versus 2017) gives us a potential target price for Sina at $120.90 p
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