Last $1.07 USD
Change Today -0.01 / -0.93%
Volume 50.7K
As of 8:04 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

american lorain corp (ALN) Snapshot

Open
$1.09
Previous Close
$1.08
Day High
$1.09
Day Low
$1.04
52 Week High
03/6/14 - $1.37
52 Week Low
08/29/13 - $0.61
Market Cap
37.0M
Average Volume 10 Days
96.3K
EPS TTM
$0.50
Shares Outstanding
34.6M
EX-Date
04/12/07
P/E TM
2.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for AMERICAN LORAIN CORP (ALN)

american lorain corp (ALN) Related Businessweek News

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american lorain corp (ALN) Details

American Lorain Corporation, through its subsidiaries, develops, manufactures, and sells various food products in the People’s Republic of China. It provides chestnut products, including aerated open-bottom chestnuts, sweetheart chestnuts, chestnuts in syrup, and golden chestnut kernels. The company also offers convenience food products comprising ready-to-cook food products; ready-to-eat food products; and meals ready-to-eat food products that include meal kits with self-heating devices or microwavable kits, such as microwavable rice boxes for military use, as well as for camping, traveling, and other occasions. In addition, it provides frozen food products, which comprise frozen vegetables and frozen fruits. The company markets its products through its sales team for supermarket chains, mass merchandisers, wholesalers, and others, as well as through third-party distributors. American Lorain Corporation also exports its products to the Asia Pacific, Europe, the Middle East, and North America. The company is based in Junan County, the People’s Republic of China.

768 Employees
Last Reported Date: 03/31/14

american lorain corp (ALN) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $66.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $90.9K
Compensation as of Fiscal Year 2012.

american lorain corp (ALN) Key Developments

American Lorain Corporation Announces Agreement to Develop Dayunsi Forestry Farm

American Lorain Corporation announced that it has signed a development agreement with the Bureau of Commerce at Sishui County of Shandong Province, China for a local forestry farm with the attendance of Deputy County Chief and Director of the Bureau of Commerce from Sishui County, and Mr. Si Chen, Chairman and CEO from American Lorain. The Dayunsi forestry farm, consisting of 3,000 mu (or approximately 500 acres) of total land, is an important project for American Lorain to expand and ensure the quality and quantity of its high-end chestnut supplies and enhance the competitiveness of Lorain branded chestnuts. Experiments show that the farm land has suitable soil and climate conditions for the recently developed new chestnut cultivar which had similar quality and taste compared to the European cultivar, according to industry experts and customers. The 2013 price for European cultivar chestnuts were approximately $3 per kilogram, close to twice the price for Chinese cultivar. The company expects the farm to yield 500 metric tons of chestnut raw materials in three years time when the chestnut trees mature and ready to produce fruit.

American Lorain Corporation Provides Updates on Automation Upgrade Project

American Lorain Corporation provided updates for its chestnut production automation upgrade. The project was initiated in late 2013 to enhance the automation and quality for American Lorain's chestnut production line, and is expected to finish by mid-2014. The project entails replacement and automation upgrades for key production procedures for chestnut products, and introduces numerous new equipments such as an additional chestnut decladding line, automated chestnut packaging line, chestnut vacuum saturator, chestnut sorting line, etc. The project also includes the construction of a 10,000 m new workshop. The project was listed as a key supported project by National Development and Reform Commission (NDRC).

American Lorain Corporation Announces Purchase Order from Turkish Customer

American Lorain Corporation announced that it has received a purchase order in the amount of approximately $5 million from a renowned Turkish trading company. American Lorain first commenced negotiating with the Turkish customer in December 2013 and after two rounds of on-site visits, the order was placed in late January. The order value was approximately $5 million and will be fulfilled by end of May.

 

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Industry Analysis

ALN

Industry Average

Valuation ALN Industry Range
Price/Earnings 2.2x
Price/Sales 0.2x
Price/Book 0.2x
Price/Cash Flow 2.2x
TEV/Sales NM Not Meaningful
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