Here's Why Ouhua Energy Holdings (SGX:AJ2) Has A Meaningful Debt Burden
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Has the Singaporean Oil and Gas Industry valuation changed over the past few years?
|Wed, 08 Dec 2021||S$2.3b||S$25.4b||S$307.8m||10.4x|
|Fri, 05 Nov 2021||S$2.5b||S$24.5b||S$276.8m||10.6x|
|Sun, 03 Oct 2021||S$2.4b||S$24.6b||S$277.5m||10.6x|
|Tue, 31 Aug 2021||S$2.3b||S$24.3b||S$271.2m||7.2x|
|Wed, 07 Jul 2021||S$2.3b||S$24.3b||S$271.2m||7.8x|
|Sat, 10 Apr 2021||S$1.9b||S$21.9b||S$235.4m||7.6x|
|Fri, 01 Jan 2021||S$1.8b||S$19.1b||S$187.5m||8.4x|
|Mon, 05 Oct 2020||S$1.6b||S$23.4b||S$158.5m||3.3x|
|Thu, 09 Jul 2020||S$1.9b||S$28.2b||S$120.0m||6.6x|
|Wed, 01 Apr 2020||S$1.5b||S$33.4b||S$112.5m||6.1x|
|Sat, 04 Jan 2020||S$1.9b||S$33.2b||S$106.9m||6.2x|
|Tue, 08 Oct 2019||S$1.9b||S$33.3b||S$86.0m||10.1x|
|Mon, 01 Jul 2019||S$2.2b||S$34.0b||S$121.6m||15.6x|
|Thu, 04 Apr 2019||S$2.2b||S$33.9b||S$156.4m||9.1x|
|Sun, 06 Jan 2019||S$1.9b||S$34.6b||S$191.0m||9.6x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 8.7x. However, future earnings are expected to decline by 3.7% which could potentially cause the PE ratio to fall below its historical average.
Past Earnings Growth: The earnings for companies in the Oil and Gas industry have grown 17% per year over the last three years, while revenues for these companies have declined 9.8% per year. This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Which industries have driven the changes within the Singaporean Oil and Gas industry?
|Coal and Fuels||4.70%|
|Oil and Gas Exploration and Production||2.68%|
|Oil and Gas Storage and Transportation||1.38%|
|Oil and Gas Refining and Marketing||-1.77%|
Industry PE: Investors are most optimistic about the Oil and Gas Storage and Transportation industry which is trading above its 3-year average PE ratio of 16.4x. This is likely because analysts are expecting annual earnings growth of 20%, which is higher than its past year's earnings decline of 5.8% per year. Meanwhile, investors are most pessimistic about the Oil and Gas Refining and Marketing industry, which is trading below its 3-year average of 25.8x.
Forecasted Growth: Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 20% over the next 5 years. This is better than its past earnings decline of 5.8% per year. Meanwhile, the Coal and Fuels industry is expected to see its earnings decline by 20% per year over the next few years.
Which companies have driven the market over the last 7 days?
Ouhua Energy Holdings
Golden Energy and Resources
Geo Energy Resources
China Aviation Oil (Singapore)