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206

CMIC Ocean En-Tech Holding SEHK:206 Stock Report

Last Price

HK$0.26

Market Cap

HK$827.1m

7D

7.1%

1Y

-8.9%

Updated

15 Aug, 2022

Data

Company Financials
206 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

206 Stock Overview

CMIC Ocean En-Tech Holding Co., Ltd., an investment holding company, engages in the design, manufacture, installation, and commissioning of capital equipment and packages on land and offshore rigs worldwide.

CMIC Ocean En-Tech Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CMIC Ocean En-Tech Holding
Historical stock prices
Current Share PriceHK$0.26
52 Week HighHK$0.45
52 Week LowHK$0.22
Beta1.43
1 Month Change2.00%
3 Month Change8.51%
1 Year Change-8.93%
3 Year Change27.50%
5 Year Change-52.78%
Change since IPO-71.02%

Recent News & Updates

Jul 09
There Is A Reason CMIC Ocean En-Tech Holding Co., Ltd.'s (HKG:206) Price Is Undemanding

There Is A Reason CMIC Ocean En-Tech Holding Co., Ltd.'s (HKG:206) Price Is Undemanding

When close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") above 11x, you may consider...

Shareholder Returns

206HK Energy ServicesHK Market
7D7.1%3.8%0.3%
1Y-8.9%8.8%-21.6%

Return vs Industry: 206 underperformed the Hong Kong Energy Services industry which returned 8.8% over the past year.

Return vs Market: 206 exceeded the Hong Kong Market which returned -21.6% over the past year.

Price Volatility

Is 206's price volatile compared to industry and market?
206 volatility
206 Average Weekly Movement5.9%
Energy Services Industry Average Movement5.9%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.7%
10% least volatile stocks in HK Market3.2%

Stable Share Price: 206 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 206's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1995390Bing Hua Jianghttps://www.cmicholding.com

CMIC Ocean En-Tech Holding Co., Ltd., an investment holding company, engages in the design, manufacture, installation, and commissioning of capital equipment and packages on land and offshore rigs worldwide. It operates through three segments: Capital Equipment and Packages, Oilfield Expendables and Supplies, and Management and Engineering Services. The company engages in asset investment and operation management of offshore engineering platforms; and offers specific equipment products, which include cranes, machine rack pipes, jacking systems, power control and transmission systems, tension adjustment and compensation devices and systems, etc. It also provides drilling rigs maintenance, repair, and operation products and services comprising oilfield expendables, accessories and parts manufacturing, and sale and repair services; and provides management and engineering services.

CMIC Ocean En-Tech Holding Fundamentals Summary

How do CMIC Ocean En-Tech Holding's earnings and revenue compare to its market cap?
206 fundamental statistics
Market CapUS$105.51m
Earnings (TTM)US$9.22m
Revenue (TTM)US$57.03m

11.5x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
206 income statement (TTM)
RevenueUS$57.03m
Cost of RevenueUS$36.36m
Gross ProfitUS$20.66m
Other ExpensesUS$11.44m
EarningsUS$9.22m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0028
Gross Margin36.24%
Net Profit Margin16.17%
Debt/Equity Ratio0%

How did 206 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 206 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 206?

Other financial metrics that can be useful for relative valuation.

206 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.6x
Enterprise Value/EBITDA23.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 206's PE Ratio compare to its peers?

206 PE Ratio vs Peers
The above table shows the PE ratio for 206 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average25x
1623 Hilong Holding
21.4x32.9%HK$1.1b
3337 Anton Oilfield Services Group
15.8x37.9%HK$1.3b
1251 SPT Energy Group
49x53.8%HK$500.5m
1586 China Leon Inspection Holding
13.7xn/aHK$683.0m
206 CMIC Ocean En-Tech Holding
11.5xn/aHK$827.1m

Price-To-Earnings vs Peers: 206 is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (25x).


Price to Earnings Ratio vs Industry

How does 206's PE Ratio compare vs other companies in the Asian Energy Services Industry?

Price-To-Earnings vs Industry: 206 is good value based on its Price-To-Earnings Ratio (11.5x) compared to the Hong Kong Energy Services industry average (44.4x)


Price to Earnings Ratio vs Fair Ratio

What is 206's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

206 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 206's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 206 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 206 (HK$0.26) is trading below our estimate of fair value (HK$3.96)

Significantly Below Fair Value: 206 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is CMIC Ocean En-Tech Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


37.9%

Forecasted Energy 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 CMIC Ocean En-Tech Holding 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.


Discover growth companies

  • Examine whether CMIC Ocean En-Tech Holding is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • CMIC Ocean En-Tech Holding competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has CMIC Ocean En-Tech Holding performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


67.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 206 has a large one-off gain of $11.4M impacting its December 31 2021 financial results.

Growing Profit Margin: 206's current net profit margins (16.2%) are lower than last year (16.6%).


Past Earnings Growth Analysis

Earnings Trend: 206 has become profitable over the past 5 years, growing earnings by 67.1% per year.

Accelerating Growth: 206's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 206 had negative earnings growth (-15.5%) over the past year, making it difficult to compare to the Energy Services industry average (-75%).


Return on Equity

High ROE: 206's Return on Equity (6.3%) is considered low.


Discover strong past performing companies

Financial Health

How is CMIC Ocean En-Tech Holding's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 206's short term assets ($153.2M) exceed its short term liabilities ($79.2M).

Long Term Liabilities: 206's short term assets ($153.2M) exceed its long term liabilities ($2.2M).


Debt to Equity History and Analysis

Debt Level: 206 is debt free.

Reducing Debt: 206 has no debt compared to 5 years ago when its debt to equity ratio was 51.4%.

Debt Coverage: 206 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 206 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is CMIC Ocean En-Tech Holding current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 206's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 206'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 206's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 206's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 206 has not reported any payouts.


Discover strong dividend paying companies

Management

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

4.1yrs

Average management tenure


CEO

Bing Hua Jiang (73 yo)

0.58

Tenure

US$347,000

Compensation

Mr. Bing Hua Jiang serves as Chief Executive Officer of CMIC Ocean En-Tech Holding Co., Ltd. since January 26, 2022. He served as Co-Chairman at CMIC Ocean En-Tech Holding Co., Ltd.(formerly known as TSC...


CEO Compensation Analysis

Compensation vs Market: Bing Hua's total compensation ($USD347.00K) is above average for companies of similar size in the Hong Kong market ($USD246.34K).

Compensation vs Earnings: Bing Hua's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 206's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: 206's board of directors are considered experienced (4.2 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

CMIC Ocean En-Tech Holding Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: CMIC Ocean En-Tech Holding Co., Ltd.
  • Ticker: 206
  • Exchange: SEHK
  • Founded: 1995
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: HK$827.076m
  • Shares outstanding: 3.24b
  • Website: https://www.cmicholding.com

Number of Employees


Location

  • CMIC Ocean En-Tech Holding Co., Ltd.
  • Tower 2, Kowloon Commerce Centre
  • Room A
  • Kwai Chung
  • New Territories
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.