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
|Historical stock prices|
|Current Share Price||HK$0.26|
|52 Week High||HK$0.45|
|52 Week Low||HK$0.22|
|1 Month Change||2.00%|
|3 Month Change||8.51%|
|1 Year Change||-8.93%|
|3 Year Change||27.50%|
|5 Year Change||-52.78%|
|Change since IPO||-71.02%|
Recent News & Updates
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...
|206||HK Energy Services||HK Market|
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.
|206 Average Weekly Movement||5.9%|
|Energy Services Industry Average Movement||5.9%|
|Market Average Movement||6.5%|
|10% most volatile stocks in HK Market||12.7%|
|10% least volatile stocks in HK Market||3.2%|
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
|1995||390||Bing Hua Jiang||https://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
|206 fundamental statistics|
Is 206 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|206 income statement (TTM)|
|Cost of Revenue||US$36.36m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.0028|
|Net Profit Margin||16.17%|
How did 206 perform over the long term?See historical performance and comparison
Is 206 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is 206's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 206's PE Ratio compare to its peers?
|206 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
1623 Hilong Holding
3337 Anton Oilfield Services Group
1251 SPT Energy Group
1586 China Leon Inspection Holding
206 CMIC Ocean En-Tech Holding
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.
|Current PE Ratio||11.5x|
|Fair PE Ratio||n/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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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 Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
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- 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.
How has CMIC Ocean En-Tech Holding performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
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.
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How is CMIC Ocean En-Tech Holding's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
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 ($2.2M).
Debt to Equity History and Analysis
Debt Level: 206 is debt free.
Reducing Debt: 206 has no debt compared to 5 years ago when its debt to equity ratio was 51.4%.
Debt Coverage: 206 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 206 has no debt, therefore coverage of interest payments is not a concern.
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What is CMIC Ocean En-Tech Holding current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 206's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 206's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 206's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 206's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as 206 has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bing Hua Jiang (73 yo)
Mr. Bing Hua Jiang serves as Chief Executive Officer of CMIC Ocean En-Tech Holding Co., Ltd. since January 26, 2022. He served as Co-Chairman at CMIC Ocean En-Tech Holding Co., Ltd.(formerly known as TSC...
CEO Compensation Analysis
Compensation vs Market: Bing Hua's total compensation ($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.
Experienced Management: 206's management team is considered experienced (4.1 years average tenure).
Experienced Board: 206's board of directors are considered experienced (4.2 years average tenure).
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.
CMIC Ocean En-Tech Holding Co., Ltd.'s employee growth, exchange listings and data sources
- 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
- CMIC Ocean En-Tech Holding Co., Ltd.
- Tower 2, Kowloon Commerce Centre
- Room A
- Kwai Chung
- New Territories
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/15 00:00|
|End of Day Share Price||2022/08/15 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.