Are you happy with the XIN Q4 results?
Income from operations before income taxes $55.4M
Income taxes $38.7M ?
EPS 0.18
Balance Sheet
As of December 31, 2016, the Company's cash and cash equivalents (including restricted cash) decreased to US$905.9 million from US$1,345.6 million as of September 30, 2016 due to land acquisition deposits at the end of the year. Total debt outstanding was US$2,092.8 million, a decrease of US$167.2 million, compared to US$2,260.0 million at the end of the third quarter of 2016. The balance of the Company's real estate property under development at the end of the fourth quarter of 2016 was US$1,752.3 million, compared to US$2,330.2 million at the end of the third quarter of 2016.
At 40% of book and a forward P/E of 6 I'm not sure if I should keep it on my buylist.
