CSSC Offshore & Marine Engineering (Group) Company Limited operates in the shipbuilding industry.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$6.99|
|52 Week High||HK$5.65|
|52 Week Low||HK$10.66|
|1 Month Change||-3.45%|
|3 Month Change||18.07%|
|1 Year Change||-9.57%|
|3 Year Change||31.14%|
|5 Year Change||-39.22%|
|Change since IPO||175.36%|
Recent News & Updates
CSSC Offshore & Marine Engineering (Group) (HKG:317) Has Debt But No Earnings; Should You Worry?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is CSSC Offshore & Marine Engineering (Group) (HKG:317) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
|317||HK Machinery||HK Market|
Return vs Industry: 317 underperformed the Hong Kong Machinery industry which returned 24.9% over the past year.
Return vs Market: 317 underperformed the Hong Kong Market which returned 6.7% over the past year.
Stable Share Price: 317 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 317's weekly volatility (7%) has been stable over the past year.
About the Company
CSSC Offshore & Marine Engineering (Group) Company Limited operates in the shipbuilding industry. It designs, manufactures, and repairs ships, electrical and general machinery, and steel structures; manufactures equipment for railways, ships, aerospace, and other transportation facilities; repairs, debugs, and maintains shipboard equipment and systems; and produces and supplies liquefied petroleum. It also offers ship and metal structure design, engineering, and technical consulting; software, information technology, and transmission services; new energy engineering design and installation, consulting, research and development, and technology promotion services; sells new energy products and accessories; human resources development and management consulting; professional intermediary; labor dispatch; and personnel leasing, training, and recommendation services, as well as engages in the new energy investment, technology development, and application business.
CSSC Offshore & Marine Engineering (Group) Fundamentals Summary
|317 fundamental statistics|
Is 317 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|317 income statement (TTM)|
|Cost of Revenue||CN¥11.57b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 29, 2021
|Earnings per share (EPS)||0.33|
|Net Profit Margin||3.86%|
How did 317 perform over the long term?See historical performance and comparison
2.9%Current Dividend Yield
Is CSSC Offshore & Marine Engineering (Group) undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 317 (HK$6.99) is trading above our estimate of fair value (HK$3.21)
Significantly Below Fair Value: 317 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 317 is poor value based on its PE Ratio (17.5x) compared to the Hong Kong Machinery industry average (11.8x).
PE vs Market: 317 is poor value based on its PE Ratio (17.5x) compared to the Hong Kong market (9.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 317's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 317 is good value based on its PB Ratio (0.6x) compared to the HK Machinery industry average (0.9x).
How is CSSC Offshore & Marine Engineering (Group) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods 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 CSSC Offshore & Marine Engineering (Group) 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.
How has CSSC Offshore & Marine Engineering (Group) performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 317 has a large one-off gain of CN¥585.5M impacting its June 30 2021 financial results.
Growing Profit Margin: 317's current net profit margins (3.9%) are lower than last year (17.8%).
Past Earnings Growth Analysis
Earnings Trend: 317's earnings have grown significantly by 35.5% per year over the past 5 years.
Accelerating Growth: 317's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 317 had negative earnings growth (-85.8%) over the past year, making it difficult to compare to the Machinery industry average (23.8%).
Return on Equity
High ROE: 317's Return on Equity (3.1%) is considered low.
How is CSSC Offshore & Marine Engineering (Group)'s financial position?
Financial Position Analysis
Short Term Liabilities: 317's short term assets (CN¥18.7B) exceed its short term liabilities (CN¥16.2B).
Long Term Liabilities: 317's short term assets (CN¥18.7B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: 317's debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: 317's debt to equity ratio has reduced from 198.4% to 33.6% over the past 5 years.
Debt Coverage: 317's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: Insufficient data to determine if 317's interest payments on its debt are well covered by EBIT.
What is CSSC Offshore & Marine Engineering (Group) current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 317's dividend (2.89%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).
High Dividend: 317's dividend (2.89%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.8%).
Stability and Growth of Payments
Stable Dividend: 317's dividend payments have been volatile in the past 10 years.
Growing Dividend: 317's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.5%), 317's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Liping Chen (54 yo)
Mr. Liping Chen serves as Deputy Director of the Board of CSSC Guangzhou Longxue Shipbuilding Co., Ltd. He served as deputy director of the audit department of China State Shipbuilding Corporation. He serv...
CEO Compensation Analysis
Compensation vs Market: Liping's total compensation ($USD127.21K) is below average for companies of similar size in the Hong Kong market ($USD702.95K).
Compensation vs Earnings: Liping's compensation has been consistent with company performance over the past year.
Experienced Management: 317's management team is seasoned and experienced (5.7 years average tenure).
Experienced Board: 317's board of directors are considered experienced (3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CSSC Offshore & Marine Engineering (Group) Company Limited's employee growth, exchange listings and data sources
- Name: CSSC Offshore & Marine Engineering (Group) Company Limited
- Ticker: 317
- Exchange: SEHK
- Founded: 1954
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: HK$23.688b
- Shares outstanding: 1.41b
- Website: https://comec.cssc.net.cn
Number of Employees
- CSSC Offshore & Marine Engineering (Group) Company Limited
- Marine Tower
- 15th Floor
- Guangdong Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 16:11|
|End of Day Share Price||2021/10/26 00:00|
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.