SEHK:1898

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China Coal Energy

Executive Summary

China Coal Energy Company Limited primarily mines for, processes, produces, and sells coal in the People’s Republic of China and internationally. More Details


Snowflake Analysis

Very undervalued average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 1898 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 1898's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

7.1%

1898

6.3%

HK Oil and Gas

1.5%

HK Market


1 Year Return

-27.1%

1898

-16.9%

HK Oil and Gas

11.3%

HK Market

Return vs Industry: 1898 underperformed the Hong Kong Oil and Gas industry which returned -16.9% over the past year.

Return vs Market: 1898 underperformed the Hong Kong Market which returned 11.3% over the past year.


Shareholder returns

1898IndustryMarket
7 Day7.1%6.3%1.5%
30 Day19.6%21.1%8.1%
90 Day15.9%6.6%6.0%
1 Year-21.5%-27.1%-10.4%-16.9%15.9%11.3%
3 Year-27.0%-35.4%-22.1%-34.9%1.7%-8.9%
5 Year-19.2%-29.4%-11.2%-30.1%33.3%10.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is China Coal Energy undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1898 (HK$2.26) is trading below our estimate of fair value (HK$4.97)

Significantly Below Fair Value: 1898 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1898 is good value based on its PE Ratio (6.3x) compared to the HK Oil and Gas industry average (6.8x).

PE vs Market: 1898 is good value based on its PE Ratio (6.3x) compared to the Hong Kong market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: 1898 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 1898 is good value based on its PB Ratio (0.3x) compared to the HK Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is China Coal Energy forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

11.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1898's forecast earnings growth (11.9% per year) is above the savings rate (1.6%).

Earnings vs Market: 1898's earnings (11.9% per year) are forecast to grow slower than the Hong Kong market (22% per year).

High Growth Earnings: 1898's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1898's revenue (1.3% per year) is forecast to grow slower than the Hong Kong market (13.7% per year).

High Growth Revenue: 1898's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1898's Return on Equity is forecast to be low in 3 years time (5.9%).


Next Steps

Past Performance

How has China Coal Energy performed over the past 5 years?

43.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1898 has high quality earnings.

Growing Profit Margin: 1898's current net profit margins (3%) are lower than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: 1898 has become profitable over the past 5 years, growing earnings by 43.5% per year.

Accelerating Growth: 1898's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1898 had negative earnings growth (-20.5%) over the past year, making it difficult to compare to the Oil and Gas industry average (-11.9%).


Return on Equity

High ROE: 1898's Return on Equity (5.2%) is considered low.


Next Steps

Financial Health

How is China Coal Energy's financial position?


Financial Position Analysis

Short Term Liabilities: 1898's short term assets (CN¥65.8B) do not cover its short term liabilities (CN¥73.8B).

Long Term Liabilities: 1898's short term assets (CN¥65.8B) do not cover its long term liabilities (CN¥88.1B).


Debt to Equity History and Analysis

Debt Level: 1898's debt to equity ratio (78.6%) is considered high.

Reducing Debt: 1898's debt to equity ratio has reduced from 112.9% to 78.6% over the past 5 years.

Debt Coverage: 1898's debt is well covered by operating cash flow (25.6%).

Interest Coverage: 1898's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


Next Steps

Dividend

What is China Coal Energy current dividend yield, its reliability and sustainability?

6.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1898's dividend (6.62%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.19%).

High Dividend: 1898's dividend (6.62%) is in the top 25% of dividend payers in the Hong Kong market (6.58%)


Stability and Growth of Payments

Stable Dividend: 1898's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1898's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.9%), 1898's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1898's dividends in 3 years are forecast to be well covered by earnings (27% payout ratio).


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Jin Pu (60 yo)

1

Tenure

CN¥1,000,100

Compensation

Mr. Jin Pu serves as the President of China Coal Energy Company Limited since November 27, 2019 and served as its Vice President until November 27, 2019. Mr. Pu also serves as Executive Director and Genera...


Leadership Team

NamePositionTenureCompensationOwnership
Yanjiang Li
Chairman of the Board5.08yrsno datano data
Jin Pu
Interim President1yrCN¥1.00mno data
Yi Peng
Executive Vice Chairman of the Board3.67yrsno datano data
Qiaolin Chai
CFO & Manager of Finance Department3.83yrsCN¥906.20kno data
Baohou Yi
Board Secretary & Company Secretary1.67yrsCN¥440.10kno data

1.7yrs

Average Tenure

58yo

Average Age

Experienced Management: 1898's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Yanjiang Li
Chairman of the Board5.08yrsno datano data
Yi Peng
Executive Vice Chairman of the Board3.67yrsno datano data
Ke Zhang
Independent Non-Executive Director5.42yrsCN¥300.00kno data
Chong Shun Leung
Independent Non-Executive Director3.42yrsCN¥300.00kno data
Litao Zhou
Shareholder Representative Supervisor5.42yrsno datano data
Ji'an Du
Non-Executive Director3.42yrsno datano data
Shaoping Zhang
Employee Representative Supervisor5.42yrsCN¥615.00kno data
Chengjie Zhang
Independent Non-Executive Director3.42yrsCN¥300.00kno data
Rongzhe Zhao
Non-Executive Director2.08yrsno datano data
Wenzhang Wang
Shareholder Representative Supervisor3.42yrsno datano data
Qian Xu
Non-Executive Director2.08yrsno datano data

3.4yrs

Average Tenure

58yo

Average Age

Experienced Board: 1898's board of directors are considered experienced (3.4 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.


Ownership Breakdown

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


Top Shareholders

Company Information

China Coal Energy Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Coal Energy Company Limited
  • Ticker: 1898
  • Exchange: SEHK
  • Founded: 2006
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: HK$57.162b
  • Shares outstanding: 13.26b
  • Website: https://www.chinacoalenergy.com

Number of Employees


Location

  • China Coal Energy Company Limited
  • No. 1 Huangsidajie
  • Chaoyang District
  • Beijing
  • Beijing Province
  • 100120
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1898SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDDec 2006
CVVDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURDec 2006
CCOZ.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDDec 2006
1898SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDDec 2006
1898SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDDec 2006
601898SHSE (Shanghai Stock Exchange)Domestic SharesCNCNYFeb 2008
601898XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)Domestic SharesCNCNYFeb 2008
CCOZ.YOTCPK (Pink Sheets LLC)ADRUSUSDApr 2008

Biography

China Coal Energy Company Limited primarily mines for, processes, produces, and sells coal in the People’s Republic of China and internationally. It operates through Coal, Coal-Chemical, Mining Machinery, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 10:15
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.