Executive Summary
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.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with questionable track record.
Share Price & News
How has CMIC Ocean En-Tech Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 206's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.7%
206
4.9%
HK Energy Services
6.6%
HK Market
1 Year Return
-18.3%
206
-27.4%
HK Energy Services
0.6%
HK Market
Return vs Industry: 206 exceeded the Hong Kong Energy Services industry which returned -27.4% over the past year.
Return vs Market: 206 underperformed the Hong Kong Market which returned 0.6% over the past year.
Shareholder returns
| 206 | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.7% | 4.9% | 6.6% |
| 30 Day | -2.0% | -9.2% | 8.1% |
| 90 Day | 28.9% | 5.2% | 13.9% |
| 1 Year | -18.3%-18.3% | -26.6%-27.4% | 4.7%0.6% |
| 3 Year | -59.9%-61.1% | -25.0%-26.5% | 9.7%-2.2% |
| 5 Year | -88.3%-88.7% | -58.8%-59.8% | 12.5%-6.4% |
Price Volatility Vs. Market
How volatile is CMIC Ocean En-Tech Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Here's Why We Don't Think CMIC Ocean En-Tech Holding's (HKG:206) Statutory Earnings Reflect Its Underlying Earnings Potential1 month ago | Simply Wall St
Did You Manage To Avoid CMIC Ocean En-Tech Holding's (HKG:206) Devastating 89% Share Price Drop?2 months ago | Simply Wall St
How Do CMIC Ocean En-Tech Holding Co., Ltd.’s (HKG:206) Returns Compare To Its Industry?Valuation
Is CMIC Ocean En-Tech Holding undervalued compared to its fair value and its price relative to the market?
9.13x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 206's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 206's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 206 is poor value based on its PE Ratio (9.1x) compared to the HK Energy Services industry average (8.8x).
PE vs Market: 206 is good value based on its PE Ratio (9.1x) compared to the Hong Kong market (10.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 206's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 206 is overvalued based on its PB Ratio (0.8x) compared to the HK Energy Services industry average (0.5x).
Next Steps
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?
16.6%
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.
Next Steps
- Examine CMIC Ocean En-Tech Holding's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- CMIC Ocean En-Tech Holding competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
Past Performance
How has CMIC Ocean En-Tech Holding performed over the past 5 years?
-21.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 206 has a high level of non-cash earnings.
Growing Profit Margin: 206 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 206 has become profitable over the past 5 years, growing earnings by -21.1% per year.
Accelerating Growth: 206 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 206 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (20.8%).
Return on Equity
High ROE: 206's Return on Equity (7.7%) is considered low.
Next Steps
Financial Health
How is CMIC Ocean En-Tech Holding's financial position?
Financial Position Analysis
Short Term Liabilities: 206's short term assets ($258.6M) exceed its short term liabilities ($228.8M).
Long Term Liabilities: 206's short term assets ($258.6M) exceed its long term liabilities ($7.0M).
Debt to Equity History and Analysis
Debt Level: 206's debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: 206's debt to equity ratio has reduced from 29% to 7.6% over the past 5 years.
Debt Coverage: 206's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 206's interest payments on its debt are well covered by EBIT (50.3x coverage).
Balance Sheet
Next Steps
Dividend
What is CMIC Ocean En-Tech Holding current dividend yield, its reliability and sustainability?
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.
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 206's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
Yongjian Cong (45yo)
0.42
Tenure
Mr. Yongjian Cong serves as Chief Executive Officer and Executive Director at CMIC Ocean En-Tech Holding Co., Ltd since February 19, 2020. He is an attorney admitted in the PRC and New York, the United Sta ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Co-Chairman | 2.42yrs | US$308.00k | 0.84% $6.4m | |
| Chief Operating Officer | 2.42yrs | no data | no data | |
| Compliance Officer & Executive Director | 3.08yrs | US$341.00k | 2.11% $16.1m | |
| CEO & Executive Director | 0.42yr | no data | no data | |
| Chief Financial Officer | 2yrs | no data | no data | |
| President of TSC OGS Group & MD of TSC Offshore China Limited | no data | US$25.00k | no data | |
| Company Secretary | 1yr | no data | no data | |
| Chief Financial Officer of TSC OGS and Vice President of TSC OGS | no data | no data | no data |
2.0yrs
Average Tenure
52yo
Average Age
Experienced Management: 206's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Co-Chairman | 2.42yrs | US$308.00k | 0.84% $6.4m | |
| Compliance Officer & Executive Director | 3.08yrs | US$341.00k | 2.11% $16.1m | |
| CEO & Executive Director | 0.42yr | no data | no data | |
| Independent Non-Executive Director | 2.08yrs | US$15.00k | no data | |
| Independent Non-Executive Director | 14.75yrs | US$15.00k | 0.016% $124.5k | |
| Non-Executive Director | 4yrs | US$15.00k | no data | |
| Chairman of the Board | 0.42yr | no data | no data | |
| Independent Non-Executive Director | 2.17yrs | US$15.00k | no data | |
| Non-Executive Director | 1.08yrs | no data | no data | |
| Non-Executive Director | 0.75yr | no data | no data |
2.1yrs
Average Tenure
48yo
Average Age
Experienced Board: 206's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
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 been diluted in the past year, with total shares outstanding growing by 4.2%.
Top Shareholders
Company Information
CMIC Ocean En-Tech Holding Co., Ltd.'s company bio, 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
- Market Cap: HK$764.191m
- Shares outstanding: 3.07b
- Website: https://www.cmicholding.com
Number of Employees
Location
- CMIC Ocean En-Tech Holding Co., Ltd.
- One Harbourfront
- Units 2706-2709
- Hung Hom
- Kowloon
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 206 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Nov 2005 |
Biography
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. The company operates through three segments: Capital Equipment and Packages, Oilfield Expendables and Supplies, and Engineering Services. It provides integrated financing and asset solutions; and specific equipment products, which include cranes, machine rack pipes, jacking systems, power control and transmission systems, tension adjustment and compensation devices and systems, etc. The company also offers rigs maintenance, repair, and operation products and services comprising oilfield expendables, accessories and parts manufacturing, and sale and repair services; and provides engineering services. In addition, it offers rig turnkey solutions; trades in rig equipment and oilfield expendables; and designs and manufactures mechanical handling equipment. The company was formerly known as TSC Group Holdings Limited and changed its name to CMIC Ocean En-Tech Holding Co., Ltd. in February 2019. CMIC Ocean En-Tech Holding Co., Ltd. was founded in 1995 and is headquartered in Hung Hom, Hong Kong.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/10 12:36 |
| End of Day Share Price | 2020/07/10 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.