Sinopec Oilfield Service Corporation provides petroleum engineering and technical services in the People’s Republic of China, the Middle East, and internationally. More Details
Slightly overvalued with imperfect balance sheet.
Share Price & News
How has Sinopec Oilfield Service's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1033 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 1033's weekly volatility (8%) has been stable over the past year.
7 Day Return
HK Energy Services
1 Year Return
HK Energy Services
Return vs Industry: 1033 exceeded the Hong Kong Energy Services industry which returned 30.5% over the past year.
Return vs Market: 1033 exceeded the Hong Kong Market which returned 24% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Sinopec Oilfield Service's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StHow Did Sinopec Oilfield Service Corporation's (HKG:1033) 6.1% ROE Fare Against The Industry?
4 weeks ago | Simply Wall StAnalysts Just Made A Major Revision To Their Sinopec Oilfield Service Corporation (HKG:1033) Revenue Forecasts
1 month ago | Simply Wall StSinopec Oilfield Service (HKG:1033) Seems To Be Using A Lot Of Debt
Is Sinopec Oilfield Service undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1033 (HK$0.74) is trading below our estimate of fair value (HK$15.34)
Significantly Below Fair Value: 1033 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1033 is poor value based on its PE Ratio (26.8x) compared to the Hong Kong Energy Services industry average (11.2x).
PE vs Market: 1033 is poor value based on its PE Ratio (26.8x) compared to the Hong Kong market (11.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1033's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1033 is overvalued based on its PB Ratio (1.7x) compared to the HK Energy Services industry average (0.6x).
How is Sinopec Oilfield Service forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if 1033's forecast earnings growth is above the savings rate (1.5%).
Earnings vs Market: Insufficient data to determine if 1033's earnings are forecast to grow faster than the Hong Kong market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 1033's revenue (6.9% per year) is forecast to grow slower than the Hong Kong market (12.4% per year).
High Growth Revenue: 1033's revenue (6.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1033's Return on Equity is forecast to be low in 3 years time (16.3%).
How has Sinopec Oilfield Service performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1033 has a large one-off gain of CN¥377.6M impacting its March 31 2021 financial results.
Growing Profit Margin: 1033's current net profit margins (0.6%) are lower than last year (0.8%).
Past Earnings Growth Analysis
Earnings Trend: 1033 has become profitable over the past 5 years, growing earnings by 51% per year.
Accelerating Growth: 1033's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1033 had negative earnings growth (-21.5%) over the past year, making it difficult to compare to the Energy Services industry average (-4.3%).
Return on Equity
High ROE: 1033's Return on Equity (6.1%) is considered low.
How is Sinopec Oilfield Service's financial position?
Financial Position Analysis
Short Term Liabilities: 1033's short term assets (CN¥31.5B) do not cover its short term liabilities (CN¥52.7B).
Long Term Liabilities: 1033's short term assets (CN¥31.5B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 1033's debt to equity ratio (295.9%) is considered high.
Reducing Debt: 1033's debt to equity ratio has increased from 64.2% to 295.9% over the past 5 years.
Debt Coverage: 1033's debt is well covered by operating cash flow (25.4%).
Interest Coverage: 1033's interest payments on its debt are not well covered by EBIT (2x coverage).
What is Sinopec Oilfield Service current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 1033's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 1033'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 1033's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1033'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 1033's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jianqiang Yuan (56 yo)
Mr. Jianqiang Yuan serves as General Manger of Sinopec Oilfield Service Corporation since May 20, 2019 and serves as its Executive Director since June 26, 2019. Mr. Jianqiang has been Non-Independent Direc...
CEO Compensation Analysis
Compensation vs Market: Jianqiang's total compensation ($USD157.64K) is below average for companies of similar size in the Hong Kong market ($USD615.16K).
Compensation vs Earnings: Insufficient data to compare Jianqiang's compensation with company performance.
Experienced Management: 1033's management team is considered experienced (2 years average tenure).
Experienced Board: 1033's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
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.
Sinopec Oilfield Service Corporation's company bio, employee growth, exchange listings and data sources
- Name: Sinopec Oilfield Service Corporation
- Ticker: 1033
- Exchange: SEHK
- Founded: NaN
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: HK$38.722b
- Shares outstanding: 18.98b
- Website: https://ssc.sinopec.com
Number of Employees
- Sinopec Oilfield Service Corporation
- No.9 ,Jishikou Road
- Chaoyang District
- Beijing Province
Sinopec Oilfield Service Corporation provides petroleum engineering and technical services in the People’s Republic of China, the Middle East, and internationally. It operates through five segments: Geophy...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/13 10:38|
|End of Day Share Price||2021/05/13 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.