TSX:HE

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Hanwei Energy Services

Executive Summary

Hanwei Energy Services Corp., together with its subsidiaries, engineers, manufactures, and supplies high-pressure fiberglass reinforced plastic (FRP) pipes and fittings for the oil and gas, salt mining, water transmission, and industrial and infrastructure applications in China, Canada, Kazakhstan, and internationally. More Details


Snowflake Analysis

Worrying balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Hanwei Energy Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-25.0%

HE

-3.1%

CA Energy Services

-1.6%

CA Market


1 Year Return

-25.0%

HE

-58.7%

CA Energy Services

-8.0%

CA Market

Return vs Industry: HE exceeded the Canadian Energy Services industry which returned -58.7% over the past year.

Return vs Market: HE underperformed the Canadian Market which returned -8% over the past year.


Shareholder returns

HEIndustryMarket
7 Day-25.0%-3.1%-1.6%
30 Day0%-9.1%-3.8%
90 Day-25.0%-11.0%5.1%
1 Year-25.0%-25.0%-56.8%-58.7%-4.8%-8.0%
3 Year-25.0%-25.0%-74.1%-76.6%6.5%-3.8%
5 Year-78.6%-78.6%-70.7%-75.1%39.2%17.9%

Price Volatility Vs. Market

How volatile is Hanwei Energy Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hanwei Energy Services undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Hanwei Energy Services is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Hanwei Energy Services has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of HE's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Hanwei Energy Services regulatory filings.
  • Explore potentially undervalued companies in the Energy industry.

Future Growth

How is Hanwei Energy Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.6%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hanwei Energy Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Hanwei Energy Services performed over the past 5 years?

-3.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HE is currently unprofitable.

Growing Profit Margin: HE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HE is unprofitable, and losses have increased over the past 5 years at a rate of 3.1% per year.

Accelerating Growth: Unable to compare HE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HE is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-5.1%).


Return on Equity

High ROE: HE's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Hanwei Energy Services's financial position?


Financial Position Analysis

Short Term Liabilities: HE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: HE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: HE has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: HE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: HE has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: HE has less than a year of cash runway if free cash flow continues to grow at historical rates of 33.8% each year.


Next Steps

Dividend

What is Hanwei Energy Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.0yrs

Average management tenure


CEO

Fulai Lang

13.75yrs

Tenure

CA$119,792

Compensation

Mr. Fulai Lang has been the Chairman of Hanwei Energy Services Corp., since June 18, 2007 and has been its Chief Executive Officer and President since December 7, 2006 and June 18, 2007 respectively. Mr. L ...


CEO Compensation Analysis

Compensation vs Market: Fulai's total compensation ($USD89.33K) is below average for companies of similar size in the Canadian market ($USD174.80K).

Compensation vs Earnings: Fulai's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Fulai Lang
Chairman13.75yrsCA$119.79k17.89%
CA$ 521.1k
Xinran Mai
Chief Financial Officer2.25yrsCA$142.92k0.073%
CA$ 2.1k
Graham Kwan
Executive VP of Strategic Development & Corporate Affairs10.08yrsCA$122.29k0.44%
CA$ 12.7k
Hui Hu
Chief Operating Officerno datano datano data

10.0yrs

Average Tenure

Experienced Management: HE's management team is seasoned and experienced (10 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Fulai Lang
Chairman13.75yrsCA$119.79k17.89%
CA$ 521.1k
Graham Kwan
Executive VP of Strategic Development & Corporate Affairs10.08yrsCA$122.29k0.44%
CA$ 12.7k
Sidney Smallbone
Independent Director0.25yrCA$17.15kno data
Fang Yan
Independent Lead Director10.08yrsCA$21.25k1.03%
CA$ 30.0k
William Paine
Independent Director13.25yrsCA$19.38k0.090%
CA$ 2.6k

10.1yrs

Average Tenure

62yo

Average Age

Experienced Board: HE's board of directors are seasoned and experienced ( 10.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hanwei Energy Services Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hanwei Energy Services Corp.
  • Ticker: HE
  • Exchange: TSX
  • Founded:
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: CA$2.913m
  • Shares outstanding: 194.20m
  • Website: https://www.hanweienergy.com

Number of Employees


Location

  • Hanwei Energy Services Corp.
  • 595 Howe Street
  • Suite 902
  • Vancouver
  • British Columbia
  • V6C 2T5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HETSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 2006
HNWE.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2006
3HEDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2006

Biography

Hanwei Energy Services Corp., together with its subsidiaries, engineers, manufactures, and supplies high-pressure fiberglass reinforced plastic (FRP) pipes and fittings for the oil and gas, salt mining, wa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 04:44
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.