All the revenue/earnings forcast for yge on yahoo's finance site is flat wrong. All you have to do is read the prospectus to know this. Do you really think analyst forcast 3.5b in revenues for 2007? Do your dd. If you bought yge based on pumper posts citing low pe, reconsider. yge might be fine long term, but just know the forcast info is wrong. Relatively speaking, yge is far from being the cheapest compared to other Chinese solars.
Obviously there are some pumpers who will claim the low pe because certain finance sites misquote it, as there will be people simply misinformed. ANY investor should take a quick glance thru their prospectus:
Revenues for Q1 2007 is 55.5m usd, with net income of 1m usd. Last year (2006) they had revenues of 212m with net income of 33.8m. The reason net income dropped in Q1 2007 was because gross margins dropped from 27.5% (fiscal 2006) to 21% (Q1 2007), while operating expenses increased. Gross margin contraction for Q1 was standard across the industry so it was not a yge specific issue.
There are 29m ads outstanding, and public shareholders account for 22.85% of the company. The total share count is around 129m. At 15 dollars a share, the market cap is roughly 1.9 billion. If you use this share count, eps for 2006 comes out to roughly .26 cents per share, and at 15 dollars a share, the pe is about 58.
Now to the wrong information on Yahoo finance (and perhaps other sites. You can see the estimates of revenues and eps, and can, unless you have your head in the sand, see that they are incorrect. In fact, it's not for yge but some other companies also have wrong estimates. I really don't know the real estimates, but if it's inline with other Chinese solars, the forward pe is around 20. For a 1.9b market cap company, if anyone thinks the pe is 3, indicating earnings are 600m usd, then you shouldn't be investing in the market imho. Good luck.