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Is this Large Market Cap Stock target price reasonable for SINA Corporation (NASDAQ:SINA)?

The company in question is, SINA Corporation (NASDAQ:SINA) currently with a stock price of 75.92 (0.68% today). The market cap for SINA Corporation is 5434.8, and is in the sector Technology, and Internet Software & Services industry. The target price for SINA Corporation is 83.59. Currently SINA Corporation is trading with a P/E of 64.67, and a forward P/E of 38.3. Average volume for SINA Corporation is 1291.02 and so far today it is 354574.

Performance in the last year for SINA Corporation has been 74.12%. For EPS growth, SINA Corporation has seen a growth of -82.90%, and is looking to grow in the next year to 80.81%. More long term stats show that EPS growth has been 27.40% over the last five years and could be *TBA for the next five years. SINA Corporation has seen sales growth quarter over quarter at 14.20%, with EPS growth quarter over quarter at 183.40%. The 20-day simple moving average is 2.53%, with the 200-day simple moving average coming to 38.44%.

Since the IPO date for SINA Corporation on the 4/13/2000, SINA Corporation has seen performance year to date to be 52.65%. With SINA Corporation trading at 75.92, the dividend yield is *TBA, and the EPS is 1.17.

So could SINA Corporation, be undervalued? Well as said before P/E is 64.67. The PEG is *TBA, P/S is 5.87 and the P/B is at 2.17. The P/cash is 2.55, with P/free cash flow at *TBA.

SINA Corporation ability to deal with debt shows that the current ratio is 1.9, and the quick ratio is 1.9. This is with long term debt/equity at 0, and total debt/equity at 0.33.

In terms of margins, SINA Corporation has a gross margin of 63.00%, an operating margin of 12.00% and a profit margin of 9.00%.Payout ratio for SINA Corporation is 0.00%. Return on assets come to 2.00% with return on investment coming to -0.20%.

Insider ownership for SINA Corporation, is at 9.30% and institutional ownership comes to 62.30%. Outstanding shares are at 72.07. While shares float is 58.8. The float short is currently 2.41%, and short ratio is 1.1.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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