| Address:
|
1095 QINGLAN AVENUE
ECONOMIC AND TECHNOLOGICAL DEVELOPMENT Z |
| City: |
NAN CHANG CITY, JIANGXI PROVIN |
|
State: |
|
|
Zip Code: |
330013 |
| Telephone: |
662-262-9347 |
|
Description of Business
|
Primary SIC Code:
0200 |
| (As filed with the SEC)
|
|
|
We were incorporated as Wallace Mountain Resources Corp. on March 30, 2005 in
Nevada. Since October 31, 2006, our principal place of business has been based
in the People's Republic of China (the "PRC"). As the result of a merger into a
wholly owned subsidiary, we changed our name to AgFeed Industries, Inc. on
November 17, 2006. Our headquarters are located at Room 1602 & 1603, Block A,
Fortune Plaza, 357 Bayi Avenue, Nanchang City, Jiangxi Province, PRC 330006,
Telephone: +86-791-2189636. Our primary business consists of the research and
development, manufacture, marketing and sale of fodder and blended feed for use
in the domestic animal husbandry markets in the PRC. As a result of the
acquisition of Lushan Breeder Pig Farm Co., Ltd. ("Lushan") on November 9, 2007,
we are also engaged in the business of raising, breeding and selling hogs for
use in China's pork production and hog breeding markets. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2009 | 0.25 | NA | 20.00 | | 09/2009 | 0.29 | NA | 18.41 | | 06/2009 | 0.48 | NA | 12.35 | | 03/2009 | 0.59 | NA | 3.83 | | 12/2008 | 0.53 | NA | 3.04 | | 09/2008 | 0.50 | NA | 15.80 | | 06/2008 | 0.32 | NA | 46.78 | | 03/2008 | 0.26 | NA | 51.35 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | 0.10 | Total Liab/Total Assets | 0.09 | | Net Inc/Total Assets | 0.06 | Total Liab/Inv Cap | 0.11 | | Net Inc/Inv Cap | 0.07 | Total Liab/Comm Equity | 0.14 | | Pretax Inc/Net Sales | 0.07 | Interest Coverage Ratio | 12.07 | | Net Inc/Net Sales | 0.06 | Curr Debt/Equity | 0.04 | | Cash Flow/Net Sales | 0.02 | LTD/Equity | 0.01 | | SG&A/NetSales | 0.08 | Total Debt/Equity | 0.05 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 11.62 | Quick Ratio | 3.88 | | Inventory Turnover | 6.59 | Current Ratio | 5.51 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.22 | | Net Sales/Work Cap | 2.63 | Inv/Curr Assets | 0.30 | | Net Sales/PP&E | 5.00 | | |
Income Statement (Millions) |
| |
12/31/2009
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
|
Total Revenues(Net Sales)
|
56.13
|
45.12
|
38.53
|
33.43
|
|
Cost of Goods Sold
|
48.08
|
37.55
|
33.31
|
27.63
|
|
Selling & Admin Exps
|
4.61
|
3.85
|
2.96
|
2.62
|
|
Operating Income
|
3.44
|
3.71
|
2.26
|
3.18
|
|
Interest Exp
|
0.05
|
0.19
|
0.62
|
0.15
|
|
Pretax Income
|
3.35
|
3.19
|
1.51
|
3.28
|
|
Other Income
|
-0.04
|
-0.33
|
-0.13
|
0.25
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
3.21
|
2.86
|
1.27
|
3.02
|
|
Assets
|
12/31/2009
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
|
Cash & Short Term Investments
|
37.58
|
36.48
|
30.91
|
20.38
|
|
Receivables - Total
|
17.76
|
17.84
|
15.39
|
15.15
|
|
Inventories - Total
|
23.84
|
22.02
|
22.52
|
20.59
|
|
Total Current Assets
|
80.53
|
77.89
|
70.23
|
57.20
|
|
Net Property, Plant & Equipment
|
34.61
|
33.34
|
36.12
|
33.22
|
|
Total Assets
|
162.95
|
157.94
|
152.62
|
136.65
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
7.74
|
8.36
|
11.41
|
9.39
|
|
Debt in Current Liabilities
|
6.29
|
5.51
|
4.54
|
NA
|
|
Total Current Liabilities
|
14.61
|
14.24
|
16.21
|
9.51
|
|
Long-Term Debt
|
0.92
|
0.90
|
0.88
|
3.29
|
|
Total Liabilities
|
15.36
|
15.17
|
18.40
|
15.08
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
-0.17
|
0.04
|
1.30
|
2.28
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.04
|
0.04
|
0.04
|
0.04
|
|
Retained Earnings
|
35.90
|
32.69
|
25.95
|
24.99
|
|
Treasury Stock
|
-1.81
|
-1.81
|
-1.81
|
-1.81
|
|
Total Stockholders' Equity
|
147.59
|
142.76
|
134.22
|
121.57
|
|
Total Liabilities and Stockholders' Equity
|
162.95
|
157.94
|
152.62
|
136.65
|
Cash Flow Summary (Millions) |
|
Categories
|
12/31/2009
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
|
Net Cash Provided by Operating Activities
|
1.97
|
1.78
|
2.16
|
-2.03
|
|
Net Cash Provided by Investing Activities
|
-0.84
|
-1.87
|
-5.08
|
-2.25
|
|
Net Cash Provided by Financing Activities
|
-1.04
|
5.63
|
13.44
|
-0.16
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 0.00 | -0.02 | 0.07 | | 12/2006 | 8.59 | 1.18 | 0.07 | | 12/2007 | 36.16 | 6.66 | 0.25 | | 12/2008 | 143.66 | 16.95 | 0.53 | | 12/2009 | 173.20 | 10.35 | 0.25 | | Growth Rates | Infinity | -- | 37.47 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 82 | 6,478 | 14.43 |
|
Report Date :
3/15/2010
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