SEHK:2178

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Petro-king Oilfield Services

Executive Summary

Petro-king Oilfield Services Limited, an investment holding company, provides oilfield technology services in the People’s Republic of China, the Middle East, and internationally. More Details


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Petro-king Oilfield Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2178's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

13.9%

2178

2.9%

HK Energy Services

1.5%

HK Market


1 Year Return

-26.3%

2178

-40.6%

HK Energy Services

1.4%

HK Market

Return vs Industry: 2178 exceeded the Hong Kong Energy Services industry which returned -40.6% over the past year.

Return vs Market: 2178 underperformed the Hong Kong Market which returned 1.4% over the past year.


Shareholder returns

2178IndustryMarket
7 Day13.9%2.9%1.5%
30 Day19.8%-9.5%-0.7%
90 Day11.7%-13.3%3.6%
1 Year-26.3%-26.3%-39.9%-40.6%5.4%1.4%
3 Year-65.2%-65.2%-43.1%-44.2%-4.3%-14.6%
5 Year-82.9%-84.2%-63.0%-63.7%24.7%3.7%

Price Volatility Vs. Market

How volatile is Petro-king Oilfield Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Petro-king Oilfield Services undervalued compared to its fair value and its price relative to the market?

0.56x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 2178's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 2178's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 2178 is unprofitable, so we can't compare its PE Ratio to the HK Energy Services industry average.

PE vs Market: 2178 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2178's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2178's PB Ratio (0.6x) is in line with the HK Energy Services industry average.


Next Steps

Future Growth

How is Petro-king Oilfield Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.1%

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 Petro-king Oilfield Services 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

Past Performance

How has Petro-king Oilfield Services performed over the past 5 years?

11.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2178 is currently unprofitable.

Growing Profit Margin: 2178 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2178 is unprofitable, but has reduced losses over the past 5 years at a rate of 11.4% per year.

Accelerating Growth: Unable to compare 2178's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2178 is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (5.5%).


Return on Equity

High ROE: 2178 has a negative Return on Equity (-28.3%), as it is currently unprofitable.


Next Steps

Financial Health

How is Petro-king Oilfield Services's financial position?


Financial Position Analysis

Short Term Liabilities: 2178's short term assets (HK$411.8M) exceed its short term liabilities (HK$392.1M).

Long Term Liabilities: 2178's short term assets (HK$411.8M) exceed its long term liabilities (HK$150.6M).


Debt to Equity History and Analysis

Debt Level: 2178's debt to equity ratio (78%) is considered high.

Reducing Debt: 2178's debt to equity ratio has increased from 25.9% to 78% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 2178 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: 2178 has less than a year of cash runway if free cash flow continues to grow at historical rates of 52.7% each year.


Next Steps

Dividend

What is Petro-king Oilfield Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2178's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2178'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 2178's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2178's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 2178 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2178'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?

2.9yrs

Average management tenure


CEO

Yu Huang (56 yo)

1.33yrs

Tenure

HK$1,177,672

Compensation

Mr. Yu Huang serves as Chief Executive Officer of Petro-king Oilfield Services Limited since May 31, 2019. He has over 30 years of experience in the oilfield services industry. Mr. Huang graduated from Sou ...


CEO Compensation Analysis

Compensation vs Market: Yu's total compensation ($USD151.96K) is below average for companies of similar size in the Hong Kong market ($USD230.01K).

Compensation vs Earnings: Insufficient data to compare Yu's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Jinlong Wang
Executive Chairman12.75yrsHK$1.38mno data
Yu Huang
Chief Executive Officer1.33yrsHK$1.18m0.055%
HK$ 109.7k
Jindong Zhao
CTO & Executive Director7.75yrsHK$1.48mno data
Kwok Yuen Chan
Chief Financial Officer2.17yrsno datano data
Tat Chiu Tung
Company Secretary7.58yrsno datano data

2.9yrs

Average Tenure

56yo

Average Age

Experienced Management: 2178's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jinlong Wang
Executive Chairman12.75yrsHK$1.38mno data
Jindong Zhao
CTO & Executive Director7.75yrsHK$1.48mno data
Lin Cheong Leung
Independent Non-Executive Director3.25yrsHK$240.00kno data
Tommy Lee
Non-Executive Director12.75yrsHK$135.00kno data
Hin Wor Tong
Independent Non-Executive Director7.58yrsHK$153.00kno data
Hua Ma
Non-Executive Director8.25yrsHK$135.00kno data
Junhe Xin
Independent Non-Executive Director3.5yrsHK$153.00kno data

7.8yrs

Average Tenure

56yo

Average Age

Experienced Board: 2178's board of directors are considered experienced (7.8 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

Petro-king Oilfield Services Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Petro-king Oilfield Services Limited
  • Ticker: 2178
  • Exchange: SEHK
  • Founded: 2002
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: HK$198.568m
  • Shares outstanding: 1.73b
  • Website: https://www.petro-king.cn

Number of Employees


Location

  • Petro-king Oilfield Services Limited
  • Room 705-710, Tower A
  • 7th Floor
  • Shenzhen
  • Guangdong Province
  • 518054
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2178SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2013

Biography

Petro-king Oilfield Services Limited, an investment holding company, provides oilfield technology services in the People’s Republic of China, the Middle East, and internationally. It operates through Oilfi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 20:05
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
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.