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Sinopec Oilfield Service

SEHK:1033
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1033
SEHK
HK$44B
Market Cap
  1. Home
  2. HK
  3. Energy
Company description

Sinopec Oilfield Service Corporation provides petroleum engineering and technical services in the People’s Republic of China and internationally. The last earnings update was 142 days ago. More info.


Add to Portfolio Compare Print
  • Sinopec Oilfield Service has significant price volatility in the past 3 months.
1033 Share Price and Events
7 Day Returns
8.4%
SEHK:1033
6.1%
HK Energy Services
1.7%
HK Market
1 Year Returns
-25.6%
SEHK:1033
-15.9%
HK Energy Services
-9.4%
HK Market
1033 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sinopec Oilfield Service (1033) 8.4% 9.8% 30.4% -25.6% -50.5% -
HK Energy Services 6.1% 9.3% 21.3% -15.9% -24.1% -62.5%
HK Market 1.7% 5.9% 13.7% -9.4% 29.8% 22.4%
1 Year Return vs Industry and Market
  • 1033 underperformed the Energy Services industry which returned -15.9% over the past year.
  • 1033 underperformed the Market in Hong Kong which returned -9.4% over the past year.
Price Volatility
1033
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Sinopec Oilfield Service's competitors could be found in our database.

1033 Value

 Is Sinopec Oilfield Service 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sinopec Oilfield Service to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sinopec Oilfield Service.

SEHK:1033 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:1033
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.046 (1 + (1- 25%) (49.44%))
1.29
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.29 * 5.96%)
9.69%

Discounted Cash Flow Calculation for SEHK:1033 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sinopec Oilfield Service is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:1033 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.69%)
2019 5,846.00 Analyst x1 5,329.38
2020 4,133.00 Analyst x1 3,434.80
2021 3,166.63 Est @ -23.38% 2,399.11
2022 2,667.37 Est @ -15.77% 1,842.27
2023 2,389.01 Est @ -10.44% 1,504.21
2024 2,228.85 Est @ -6.7% 1,279.35
2025 2,137.65 Est @ -4.09% 1,118.56
2026 2,089.27 Est @ -2.26% 996.63
2027 2,068.72 Est @ -0.98% 899.62
2028 2,066.91 Est @ -0.09% 819.40
Present value of next 10 years cash flows CN¥19,623.33
SEHK:1033 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,066.91 × (1 + 2%) ÷ (9.69% – 2%)
CN¥27,413.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥27,413.20 ÷ (1 + 9.69%)10
CN¥10,867.68
SEHK:1033 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥19,623.33 + CN¥10,867.68
CN¥30,491.01
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥30,491.01 / 18,984.34
CN¥1.61
SEHK:1033 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1033)
1.17
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.61 x 1.17
HK$1.88
Value per share (HKD) From above. HK$1.88
Current discount Discount to share price of HK$0.90
= -1 x (HK$0.90 - HK$1.88) / HK$1.88
52.1%

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

Current Discount
Amount off the current price Sinopec Oilfield Service is available for.
Intrinsic value
>50%
Share price is HK$0.9 vs Future cash flow value of HK$1.88
Current Discount Checks
For Sinopec Oilfield Service to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sinopec Oilfield Service's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sinopec Oilfield Service's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Sinopec Oilfield Service's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sinopec Oilfield Service's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1033 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CNY CN¥-0.40
SEHK:1033 Share Price ** SEHK (2019-03-20) in HKD HK$0.9
SEHK:1033 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥0.77
Hong Kong Energy Services Industry PE Ratio Median Figure of 7 Publicly-Listed Energy Services Companies 15.36x
Hong Kong Market PE Ratio Median Figure of 1,496 Publicly-Listed Companies 11.02x

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

** Primary Listing of Sinopec Oilfield Service.

SEHK:1033 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1033 Share Price ÷ EPS (both in CNY)

= 0.77 ÷ -0.40

-1.95x

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

  • Sinopec Oilfield Service is loss making, we can't compare its value to the HK Energy Services industry average.
  • Sinopec Oilfield Service is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Sinopec Oilfield Service's expected growth come at a high price?
Raw Data
SEHK:1033 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
94.3%per year
Global Energy Services Industry PEG Ratio Median Figure of 58 Publicly-Listed Energy Services Companies 0.78x
Hong Kong Market PEG Ratio Median Figure of 467 Publicly-Listed Companies 0.81x

*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 Sinopec Oilfield Service, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sinopec Oilfield Service's assets?
Raw Data
SEHK:1033 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CNY CN¥0.32
SEHK:1033 Share Price * SEHK (2019-03-20) in HKD HK$0.9
SEHK:1033 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥0.77
Hong Kong Energy Services Industry PB Ratio Median Figure of 13 Publicly-Listed Energy Services Companies 0.88x
Hong Kong Market PB Ratio Median Figure of 2,138 Publicly-Listed Companies 0.99x
SEHK:1033 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1033 Share Price ÷ Book Value per Share (both in CNY)

= 0.77 ÷ 0.32

2.42x

* Primary Listing of Sinopec Oilfield Service.

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

  • Sinopec Oilfield Service is overvalued based on assets compared to the HK Energy Services industry average.
X
Value checks
We assess Sinopec Oilfield Service'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. Sinopec Oilfield Service has a total score of 2/6, 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.

1033 Future Performance

 How is Sinopec Oilfield Service expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

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
94.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sinopec Oilfield Service expected to grow at an attractive rate?
  • Sinopec Oilfield Service's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Sinopec Oilfield Service's earnings growth is expected to exceed the Hong Kong market average.
  • Sinopec Oilfield Service's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1033 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1033 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 94.3%
SEHK:1033 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 12.8%
Hong Kong Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 75%
Hong Kong Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 12.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.1%

*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
SEHK:1033 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1033 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 73,687 5,418 1,235 6
2019-12-31 68,805 4,740 2,208 7
2018-12-31 57,322 4,570 153 5
SEHK:1033 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-09-30 55,640 -247 -6,837
2018-06-30 52,296 -1,107 -7,896
2018-03-31 49,938 -133 -9,207
2017-12-31 48,486 419 -10,583
2017-09-30 45,169 -1,656 -10,563
2017-06-30 44,076 -2,785 -13,891
2017-03-31 43,228 -3,266 -15,775
2016-12-31 42,924 -3,907 -16,115
2016-09-30 51,550 -919 -6,774
2016-06-30 55,918 837 -3,105
2016-03-31 57,725 2,502 -1,292
2015-12-31 60,349 2,576 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sinopec Oilfield Service's earnings are expected to grow significantly at over 20% yearly.
  • Sinopec Oilfield Service's revenue is expected to grow by 12.8% yearly, however this is not considered high growth (20% yearly).
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
SEHK:1033 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Sinopec Oilfield Service Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1033 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.04 0.07 0.03 3.00
2019-12-31 0.03 0.04 0.03 2.00
2018-12-31 0.01 0.01 0.01 4.00
SEHK:1033 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-09-30 -0.40
2018-06-30 -0.49
2018-03-31 -0.64
2017-12-31 -0.75
2017-09-30 -0.75
2017-06-30 -0.98
2017-03-31 -1.11
2016-12-31 -1.14
2016-09-30 -0.48
2016-06-30 -0.22
2016-03-31 -0.09
2015-12-31 0.00

*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.
  • Sinopec Oilfield Service is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sinopec Oilfield Service'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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
Sinopec Oilfield Service has a total score of 4/6, 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.

1033 Past Performance

  How has Sinopec Oilfield Service 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 Sinopec Oilfield Service'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.
  • Sinopec Oilfield Service does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Sinopec Oilfield Service's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sinopec Oilfield Service's 1-year growth to the HK Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Sinopec Oilfield Service'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 Sinopec Oilfield Service Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1033 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 55,639.96 -6,836.56 4,240.20 148.47
2018-06-30 52,296.47 -7,896.27 4,340.51 187.73
2018-03-31 49,938.18 -9,207.05 5,167.76
2017-12-31 48,485.79 -10,582.54 5,091.50
2017-09-30 45,168.84 -10,562.78 4,026.15 120.27
2017-06-30 44,075.96 -13,890.67 4,283.11 50.54
2017-03-31 43,227.86 -15,774.92 4,066.30
2016-12-31 42,923.50 -16,114.76 4,128.79
2016-09-30 51,550.17 -6,773.63 3,900.71
2016-06-30 55,917.91 -3,104.59 3,739.55
2016-03-31 57,724.62 -1,292.01 3,743.09
2015-12-31 60,349.33 24.48 3,749.71
2015-09-30 68,502.39 -488.25 3,493.53
2015-06-30 75,492.79 536.69 4,290.75
2015-03-31 87,476.13 600.77 4,370.12
2014-12-31 94,481.04 1,229.75 4,642.92
2014-06-30 131,838.61 881.80 6,540.01
2014-03-31 107,869.59 1,802.52 5,742.42
2013-12-31 89,729.07 1,515.43 4,722.49
2012-12-31 87,337.14 1,046.04 5,242.86

*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 Sinopec Oilfield Service has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Sinopec Oilfield Service has efficiently used its assets last year compared to the HK Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Sinopec Oilfield Service improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Sinopec Oilfield Service'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.
Sinopec Oilfield Service 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.

1033 Health

 How is Sinopec Oilfield Service'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 Sinopec Oilfield Service's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sinopec Oilfield Service's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sinopec Oilfield Service's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sinopec Oilfield Service'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.
  • Debt is covered by short term assets, assets are 1.8x debt.
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 Sinopec Oilfield Service Company Filings, last reported 5 months ago.

SEHK:1033 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 6,208.70 18,629.32 2,153.99
2018-06-30 6,149.45 18,288.43 2,223.74
2018-03-31 5,659.02 14,331.54 2,700.92
2017-12-31 -2,104.00 18,048.54 2,537.89
2017-09-30 5,326.22 20,754.72 2,022.77
2017-06-30 6,318.46 20,005.71 2,018.03
2017-03-31 7,174.66 19,746.01 2,576.80
2016-12-31 8,441.59 18,051.27 2,449.94
2016-09-30 15,870.59 18,259.24 2,135.30
2016-06-30 20,198.73 16,675.47 2,408.31
2016-03-31 22,985.65 14,775.52 1,964.67
2015-12-31 24,636.95 12,827.80 2,011.59
2015-09-30 22,779.74 15,606.19 3,936.63
2015-06-30 23,400.81 12,183.80 3,026.83
2015-03-31 24,348.78 10,242.87 2,938.25
2014-12-31 18,696.14 12,583.74 1,213.90
2014-06-30 17,239.96 9,170.00 5.27
2014-03-31 30,766.23 16,797.67 1,727.79
2013-12-31 30,766.23 16,797.67 1,727.79
2012-12-31 21,824.84 18,807.33 3,776.74
  • Sinopec Oilfield Service's level of debt (300.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (60.6% vs 300.1% today).
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.

  • Sinopec Oilfield Service has sufficient cash runway for 1.7 years based on current free cash flow.
  • Sinopec Oilfield Service has sufficient cash runway for 1.6 years if free cash flow continues to grow at historical rates of 24.8% each year.
X
Financial health checks
We assess Sinopec Oilfield Service'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. Sinopec Oilfield Service 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.

1033 Dividends

 What is Sinopec Oilfield Service'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 Sinopec Oilfield Service dividends. Estimated to be 0.65% next year.
If you bought HK$2,000 of Sinopec Oilfield Service shares you are expected to receive HK$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 Sinopec Oilfield Service's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sinopec Oilfield Service'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
SEHK:1033 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 7 Analyst Estimates (S&P Global) See Below
Hong Kong Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 0.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 922 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

SEHK:1033 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.01 2.00
2019-12-31 0.01 2.00
2018-12-31 0.00 3.00

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

  • Unable to perform a dividend volatility check as Sinopec Oilfield Service has not reported any payouts.
  • Unable to verify if Sinopec Oilfield Service's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sinopec Oilfield Service's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sinopec Oilfield Service has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Sinopec Oilfield Service's dividends in 3 years as they are not expected to pay a notable one for Hong Kong.
X
Income/ dividend checks
We assess Sinopec Oilfield Service's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Sinopec Oilfield Service afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sinopec Oilfield Service 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.

1033 Management

 What is the CEO of Sinopec Oilfield Service'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
Qingde Sun
COMPENSATION CN¥668,000
AGE 56
TENURE AS CEO 3 years
CEO Bio

Mr. Qingde Sun has been General Manager of Sinopec Oilfield Service Corporation since March 11, 2016. Mr. Sun has been working for Zhongyuan Petroleum Exploration Administration of China Petrochemical Corporation as the Deputy General Manager of Drilling Company, the Manager of Zhongyuan Argentina Company, Deputy Manager of the Third Drilling Company and the Manager of the Second Drilling Company; in December 2001, he was appointed as Deputy Director of Zhongyuan Petroleum Exploration Administration of China Petrochemical Corporation; from December 2012, he acted as the Executive Director and General Manager of Sinopec Zhongyuan Oil Engineering Company Limited, from September 2014, he acted as Director of Henan Petroleum Exploration Administration of China Petrochemical Corporation and General Manager of Sinopec Henan Oilfield Branch Company. He has been Vice Chair of Sinopec Oilfield Service Corporation since June 6, 2016. He has been Director of Sinopec Oilfield Service Corporation since June 6, 2016. He is a professor-level senior engineer with a Ph. D degree.

CEO Compensation
  • Qingde's compensation has increased whilst company is loss making.
  • Qingde's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Sinopec Oilfield Service management team in years:

3
Average Tenure
54
Average Age
  • The tenure for the Sinopec Oilfield Service management team is about average.
Management Team

Qingde Sun

TITLE
Vice Chairman & GM
COMPENSATION
CN¥668K
AGE
56
TENURE
3 yrs

Tian Li

TITLE
CFO & Chief Accounting Officer
AGE
44
TENURE
1.6 yrs

Yongjie Zhang

TITLE
Deputy General Manager
AGE
54
TENURE
4.1 yrs

Yaojiu Zuo

TITLE
Deputy General Manager
AGE
55
TENURE
1.8 yrs

Jinhong Zhang

TITLE
Deputy General Manager
AGE
54
TENURE
3.9 yrs

Xikun Chen

TITLE
Executive Deputy GM & Director
AGE
52
TENURE
1.8 yrs

Honghai Li

TITLE
Company Secretary
AGE
54
TENURE
4.1 yrs
Board of Directors Tenure

Average tenure and age of the Sinopec Oilfield Service board of directors in years:

1.1
Average Tenure
53
Average Age
  • The average tenure for the Sinopec Oilfield Service board of directors is less than 3 years, this suggests a new board.
Board of Directors

Wei Li

TITLE
Chairman of Supervisory Board
AGE
40
TENURE
1.8 yrs

Zhongyun Liu

TITLE
Chairman
AGE
54
TENURE
0.3 yrs

Qingde Sun

TITLE
Vice Chairman & GM
COMPENSATION
CN¥668K
AGE
56
TENURE
2.8 yrs

Xikun Chen

TITLE
Executive Deputy GM & Director
AGE
52
TENURE
1.1 yrs

Bo Jiang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
63
TENURE
4.1 yrs

Ying Pan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
48
TENURE
3.3 yrs

Baoping Lu

TITLE
Non-Executive Director
AGE
56
TENURE
1.1 yrs

Zhonghai Fan

TITLE
Non-Executive Director
AGE
52
TENURE
1.1 yrs

Weidong Chen

TITLE
Independent Non-Executive Director
AGE
63
TENURE
0.8 yrs

Ran Wei

TITLE
Non-executive Director
AGE
51
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Sinopec Oilfield Service'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. Sinopec Oilfield Service 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.

1033 News

Simply Wall St News

Who Are Sinopec Oilfield Service Corporation's (HKG:1033) Major Shareholders?

I am going to take a deep dive into Sinopec Oilfield Service Corporation’s (HKG:1033) most recent ownership structure, not a frequent subject of discussion among individual investors. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … Check out our latest analysis for Sinopec Oilfield Service

Simply Wall St -

1033 Company Info

Description

Sinopec Oilfield Service Corporation provides petroleum engineering and technical services in the People’s Republic of China and internationally. The company operates in five segments: Geophysics, Drilling Engineering, Logging and Mud Logging, Special Down-Hole Operations, and Engineering Construction. The Geophysics segment offers terrestrial and marine geophysical exploration, development, and technical services. The Drilling Engineering segment provides land and ocean drilling design, construction, and technical services, as well as drilling instrumentation. The Logging and Mud Logging segment offers land and ocean project contracting and technical services for collection, monitoring, transmission, processing and interpretation, and evaluation of wellbore oil and gas, geology, and engineering information. The Special Down-Hole Operations segment provides oil engineering technical and construction services, including oil testing, well repair, and lateral drilling, as well as fracturing, acidizing, and oil assignments. The Engineering Construction segment offers various services, such as feasibility studies, design, procurement, and construction for projects of onshore and offshore oil and gas fields, long-distance pipeline projects, oil and gas transporting process projects, storage and transportation projects, petrochemical supporting projects, building construction, water resources and hydropower, ports and waterways, electricity transmission and distribution projects, manufacturing of pressure vessels, LNG projects, coal chemical engineering, geothermal utilization, energy saving, and municipal roads and bridges. The company was formerly known as Sinopec Yizheng Chemical Fibre Company Limited and changed its name to Sinopec Oilfield Service Corporation in March 2015. The company is headquartered in Beijing, the People’s Republic of China. Sinopec Oilfield Service Corporation is a subsidiary of China Petrochemical Corporation.

Details
Name: Sinopec Oilfield Service Corporation
1033
Exchange: SEHK
Founded:
HK$44,072,127,847
18,984,340,033
Website: http://ssc.sinopec.com
Address: Sinopec Oilfield Service Corporation
No. 22, Chaoyangmen North Street,
Chaoyang District,
Beijing,
100728,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1033 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 15. Oct 2010
DB YIZH Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 15. Oct 2010
SZSC 1033 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 15. Oct 2010
SHSE 600871 Domestic Shares Shanghai Stock Exchange CN CNY 23. Dec 2014
XSSC 600871 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 23. Dec 2014
Number of employees
Current staff
Staff numbers
0
Sinopec Oilfield Service employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 12:34
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/04
Last earnings filing: 2018/10/29
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.