Loading...

We've got a brand new version of Simply Wall St! Try it out

Hanwei Energy Services

TSX:HE
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HE
TSX
CA$3M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Hanwei Energy Services Corp., together with its subsidiaries, manufactures and sells high pressure fiberglass reinforced plastic pipes for the oil and gas, water transmission, and salt mining industries. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
  • Hanwei Energy Services has significant price volatility in the past 3 months.
HE Share Price and Events
7 Day Returns
50%
TSX:HE
-8.1%
CA Energy Services
-2.5%
CA Market
1 Year Returns
-50%
TSX:HE
-39.7%
CA Energy Services
-4.7%
CA Market
HE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hanwei Energy Services (HE) 50% 0% -25% -50% -70% -94%
CA Energy Services -8.1% -13.2% -21.3% -39.7% -38.9% -76%
CA Market -2.5% -3.5% -3.9% -4.7% 2.5% -4.4%
1 Year Return vs Industry and Market
  • HE underperformed the Energy Services industry which returned -39.7% over the past year.
  • HE underperformed the Market in Canada which returned -4.7% over the past year.
Price Volatility
HE
Industry
5yr Volatility vs Market

HE Value

 Is Hanwei Energy Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

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. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Hanwei Energy Services. This is due to cash flow or dividend data being unavailable. The share price is CA$0.015.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hanwei Energy Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hanwei Energy Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:HE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.09
TSX:HE Share Price ** TSX (2019-08-15) in CAD CA$0.02
Canada Energy Services Industry PE Ratio Median Figure of 17 Publicly-Listed Energy Services Companies 15.76x
Canada Market PE Ratio Median Figure of 534 Publicly-Listed Companies 13.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hanwei Energy Services.

TSX:HE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:HE Share Price ÷ EPS (both in CAD)

= 0.02 ÷ -0.09

-0.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hanwei Energy Services is loss making, we can't compare its value to the CA Energy Services industry average.
  • Hanwei Energy Services is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Hanwei Energy Services's expected growth come at a high price?
Raw Data
TSX:HE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Energy Services Industry PEG Ratio Median Figure of 12 Publicly-Listed Energy Services Companies 0.41x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 0.92x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Hanwei Energy Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hanwei Energy Services's assets?
Raw Data
TSX:HE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$-0.02
TSX:HE Share Price * TSX (2019-08-15) in CAD CA$0.02
Canada Energy Services Industry PB Ratio Median Figure of 39 Publicly-Listed Energy Services Companies 0.9x
Canada Market PB Ratio Median Figure of 2,454 Publicly-Listed Companies 1.43x
TSX:HE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:HE Share Price ÷ Book Value per Share (both in CAD)

= 0.02 ÷ -0.02

-0.64x

* Primary Listing of Hanwei Energy Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hanwei Energy Services has negative assets, we can't compare the value of its assets to the CA Energy Services industry average.

Next steps:

  1. 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.
  2. 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's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Energy Services industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Hanwei Energy Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Hanwei Energy Services has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HE Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
32.3%
Expected Energy Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hanwei Energy Services expected to grow at an attractive rate?
  • Unable to compare Hanwei Energy Services's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Hanwei Energy Services's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Hanwei Energy Services's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:HE Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 32.3%
Canada Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.4%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:HE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:HE Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 12 4 -17
2019-03-31 11 3 -17
2018-12-31 11 3 -4
2018-09-30 10 3 -3
2018-06-30 9 4 -4
2018-03-31 11 2 -3
2017-12-31 10 5 -4
2017-09-30 10 4 -5
2017-06-30 10 7 -4
2017-03-31 7 7 -5
2016-12-31 7 5 -13
2016-09-30 9 5 -12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Hanwei Energy Services is high growth as no earnings estimate data is available.
  • Unable to determine if Hanwei Energy Services is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:HE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Hanwei Energy Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:HE Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.09
2019-03-31 -0.09
2018-12-31 -0.02
2018-09-30 -0.02
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 -0.03
2017-06-30 -0.02
2017-03-31 -0.03
2016-12-31 -0.07
2016-09-30 -0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hanwei Energy Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. 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.
  2. Hanwei Energy Services's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Hanwei Energy Services's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Hanwei Energy Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hanwei Energy Services has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HE Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hanwei Energy Services's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hanwei Energy Services does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Hanwei Energy Services's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Hanwei Energy Services's 1-year growth to the CA Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Hanwei Energy Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hanwei Energy Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:HE Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 11.72 -16.88 3.92 0.43
2019-03-31 10.71 -17.34 3.87 0.46
2018-12-31 10.90 -4.45 3.95 0.47
2018-09-30 10.23 -3.10 3.28 0.47
2018-06-30 8.69 -3.52 3.15 0.42
2018-03-31 10.56 -3.02 3.37 0.35
2017-12-31 10.10 -4.05 4.31 0.34
2017-09-30 9.53 -5.36 4.88 0.24
2017-06-30 9.58 -4.41 3.23 0.25
2017-03-31 7.48 -5.29 2.89 0.26
2016-12-31 7.36 -12.68 2.50 0.28
2016-09-30 8.61 -11.99 3.15 0.37
2016-06-30 8.11 -13.52 5.31 0.41
2016-03-31 8.37 -13.62 5.76 0.42
2015-12-31 12.67 -7.62 10.45 0.55
2015-09-30 14.82 -8.07 10.34 0.57
2015-06-30 17.39 -7.67 10.40 0.88
2015-03-31 18.90 -7.37 10.15 0.95
2014-12-31 20.48 -1.59 6.31 0.87
2014-09-30 17.44 -2.37 6.23 0.75
2014-06-30 17.34 -2.35 6.08 0.44
2014-03-31 18.01 -2.29 6.43 0.43
2013-12-31 18.88 -0.97 5.17 0.47
2013-09-30 24.11 0.05 6.50 0.54
2013-06-30 23.87 0.34 6.74 0.57
2013-03-31 29.66 2.36 7.23 0.60
2012-12-31 28.50 -0.61 8.85 0.53
2012-09-30 24.55 -1.11 7.96 0.61

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Hanwei Energy Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Hanwei Energy Services has efficiently used its assets last year compared to the CA Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Hanwei Energy Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Hanwei Energy Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hanwei Energy Services has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HE Health

 How is Hanwei Energy Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hanwei Energy Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hanwei Energy Services's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hanwei Energy Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hanwei Energy Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Hanwei Energy Services has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hanwei Energy Services Company Filings, last reported 1 month ago.

TSX:HE Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 -4.45 4.10 0.81
2019-03-31 -4.01 5.27 0.61
2018-12-31 11.45 5.23 0.80
2018-09-30 12.55 6.18 0.84
2018-06-30 12.40 6.44 0.87
2018-03-31 13.35 5.12 0.98
2017-12-31 16.06 3.85 1.29
2017-09-30 15.60 3.75 1.64
2017-06-30 15.93 3.83 0.96
2017-03-31 15.07 4.73 3.91
2016-12-31 19.44 4.73 1.80
2016-09-30 19.93 4.84 4.00
2016-06-30 17.22 6.58 3.04
2016-03-31 18.50 6.76 5.03
2015-12-31 29.15 8.44 6.88
2015-09-30 29.23 6.95 7.68
2015-06-30 30.17 7.09 9.48
2015-03-31 31.76 10.07 11.56
2014-12-31 28.42 9.97 4.62
2014-09-30 28.73 9.14 5.28
2014-06-30 23.76 5.33 1.08
2014-03-31 24.76 8.29 5.53
2013-12-31 27.75 8.23 4.78
2013-09-30 26.69 8.48 2.49
2013-06-30 25.76 11.35 1.78
2013-03-31 25.33 17.18 5.06
2012-12-31 22.41 16.84 1.21
2012-09-30 21.83 21.23 1.78
  • Hanwei Energy Services has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Hanwei Energy Services's debt level has increased considering it has negative shareholder equity.
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.

  • Whilst loss making Hanwei Energy Services has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Hanwei Energy Services has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -39.2% per year.
X
Financial health checks
We assess Hanwei Energy Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hanwei Energy Services has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HE Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Hanwei Energy Services dividends.
If you bought CA$2,000 of Hanwei Energy Services shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Hanwei Energy Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hanwei Energy Services's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:HE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 5%
Canada Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 3.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Hanwei Energy Services has not reported any payouts.
  • Unable to verify if Hanwei Energy Services's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Hanwei Energy Services's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Hanwei Energy Services has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hanwei Energy Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hanwei Energy Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hanwei Energy Services has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HE Management

 What is the CEO of Hanwei Energy Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Fulai Lang
COMPENSATION CA$125,000
TENURE AS CEO 12.7 years
CEO Bio

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. Lang Founded Daqing Harvest Longwall High Pressure FRP Pipe Co. Ltd., in 2002 and has been its Chairman of the Board since 2002. He is a Founder of Daqing Zhutian Compound Materials Co. Ltd. and has been its Chairman since 1994. Mr. Lang has been a Director of Hanwei Energy Services Corp., since December 7, 2006.

CEO Compensation
  • Fulai's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Fulai's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Hanwei Energy Services management team in years:

8.9
Average Tenure
  • The average tenure for the Hanwei Energy Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Fulai Lang

TITLE
Chairman
COMPENSATION
CA$125K
TENURE
12.7 yrs

Graham Kwan

TITLE
Executive VP of Strategic Development & Corporate Affairs
COMPENSATION
CA$122K
AGE
55
TENURE
8.9 yrs

Irene Mai

TITLE
Chief Financial Officer
TENURE
1.2 yrs

Hui Hu

TITLE
Chief Operating Officer
Board of Directors Tenure

Average tenure and age of the Hanwei Energy Services board of directors in years:

9
Average Tenure
61
Average Age
  • The tenure for the Hanwei Energy Services board of directors is about average.
Board of Directors

Fulai Lang

TITLE
Chairman
COMPENSATION
CA$125K
TENURE
12.2 yrs

Graham Kwan

TITLE
Executive VP of Strategic Development & Corporate Affairs
COMPENSATION
CA$122K
AGE
55
TENURE
9 yrs

William Paine

TITLE
Independent Director
COMPENSATION
CA$24K
TENURE
12.2 yrs

Malcolm Clay

TITLE
Independent Director
COMPENSATION
CA$31K
AGE
78
TENURE
9 yrs

Joanne Yan

TITLE
Lead Director
COMPENSATION
CA$34K
AGE
61
TENURE
9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
30. Nov 18 Sell S. Smallbone Individual 30. Nov 18 30. Nov 18 -96,296 CA$0.02 CA$-1,926
X
Management checks
We assess Hanwei Energy Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hanwei Energy Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HE News

Simply Wall St News

Is Hanwei Energy Services Corp.'s (TSE:HE) Balance Sheet Strong Enough To Weather A Storm?

On top of this, HE has generated cash from operations of CA$2.9m during the same period of time, resulting in an operating cash to total debt ratio of 56%, indicating that HE’s operating cash is sufficient to cover its debt. … With current liabilities at CA$28m, the company may not be able to easily meet these obligations given the level of current assets of CA$8.4m, with a current ratio of 0.3x. … The current ratio is the number you get when you divide current assets by current liabilities.

Simply Wall St -

Does Hanwei Energy Services Corp.'s (TSE:HE) CEO Pay Reflect Performance?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Fulai Lang's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below CA$267m

Simply Wall St -

Easy Come, Easy Go: How Hanwei Energy Services Shareholders Got Unlucky And Saw 76% Of Their Cash Evaporate

Imagine if you held Hanwei Energy Services Corp. … Hanwei Energy Services isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … In the last five years Hanwei Energy Services saw its revenue shrink by 18% per year.

Simply Wall St -

What Kind Of Shareholders Own Hanwei Energy Services Corp. (TSE:HE)?

The big shareholder groups in Hanwei Energy Services Corp. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of CA$3.9m, Hanwei Energy Services is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Is Hanwei Energy Services Corp.'s (TSE:HE) CEO Pay Justified?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for Hanwei Energy Services? … How Does Fulai Lang's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Are Hanwei Energy Services Corp.'s (TSE:HE) Interest Costs Too High?

Hanwei Energy Services Corp. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Companies operating in the Energy Services industry,.

Simply Wall St -

What Kind Of Shareholders Own Hanwei Energy Services Corp (TSE:HE)?

A look at the shareholders of Hanwei Energy Services Corp (TSE:HE) can tell us which group is most powerful. … Hanwei Energy Services is a smaller company with a market capitalization of CA$3.9m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Hanwei Energy Services

Simply Wall St -

Is Hanwei Energy Services Corp's (TSE:HE) CEO Being Overpaid?

In 2006 Fulai Lang was appointed CEO of Hanwei Energy Services Corp (TSE:HE). … Our data indicates that Hanwei Energy Services Corp is worth CA$5m, and total annual CEO compensation is CA$125k. … We examined a group of similar sized companies, with market capitalizations of below CA$260m.

Simply Wall St -

What You Must Know About Hanwei Energy Services Corp's (TSE:HE) Major Investors

Today, I will be analyzing Hanwei Energy Services Corp’s (TSE:HE) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure of a company has been found to affect share performance over time. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

HE Company Info

Description

Hanwei Energy Services Corp., together with its subsidiaries, manufactures and sells high pressure fiberglass reinforced plastic pipes for the oil and gas, water transmission, and salt mining industries. The company operates in two segments, Pipe, and Oil and Gas. It provides fiber glass reinforced pipe products, such as line pipes, connecting systems, downhole pipes and casings, and fittings for oil and gas, marine, chemical and brine, and infrastructure applications in China, Canada, Middle Asia, and the Middle East. The company also owns and operates petroleum and natural gas assets. Its petroleum and natural gas assets consists of Leduc Lands asset that covers approximately 5,090 net acres of mineral and surface rights located to the south west of Edmonton, Alberta; and Entice Lands asset covering approximately 2,458 net acres of mineral and surface rights located to the east of Calgary, Alberta. In addition, the company owns approximately 5,120 net acres of mineral and surface rights located to the east of Red Deer, Alberta. The company is headquartered in Vancouver, Canada.

Details
Name: Hanwei Energy Services Corp.
HE
Exchange: TSX
Founded:
CA$2,913,018
194,201,234
Website: http://www.hanweienergy.com
Address: Hanwei Energy Services Corp.
595 Howe Street,
Suite 902,
Vancouver,
British Columbia, V6C 2T5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX HE Common Shares The Toronto Stock Exchange CA CAD 12. Dec 2006
DB 3HE Common Shares Deutsche Boerse AG DE EUR 12. Dec 2006
Number of employees
Current staff
Staff numbers
125
Hanwei Energy Services employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 00:01
End of day share price update: 2019/08/15 00:00
Last earnings filing: 2019/08/07
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.