SEHK:2798

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Perennial Energy Holdings

Executive Summary

Perennial Energy Holdings Limited, an investment holding company, operates as a coal mining company in the People’s Republic of China. More Details


Snowflake Analysis

Adequate balance sheet with questionable track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 2798 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: 2798's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-7.2%

2798

2.7%

HK Oil and Gas

-0.03%

HK Market


1 Year Return

770.4%

2798

2.1%

HK Oil and Gas

20.6%

HK Market

Return vs Industry: 2798 exceeded the Hong Kong Oil and Gas industry which returned 2.1% over the past year.

Return vs Market: 2798 exceeded the Hong Kong Market which returned 20.6% over the past year.


Shareholder returns

2798IndustryMarket
7 Day-7.2%2.7%-0.03%
30 Day-6.6%16.1%-0.5%
90 Day66.7%18.2%10.3%
1 Year777.3%770.4%10.1%2.1%25.3%20.6%
3 Yearn/a-21.4%-34.5%3.8%-7.0%
5 Yearn/a-2.2%-23.1%60.0%32.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Perennial Energy Holdings undervalued compared to its fair value and its price relative to the market?

74.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2798 (HK$14.1) is trading above our estimate of fair value (HK$2.09)

Significantly Below Fair Value: 2798 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2798 is poor value based on its PE Ratio (75x) compared to the HK Oil and Gas industry average (6.5x).

PE vs Market: 2798 is poor value based on its PE Ratio (75x) compared to the Hong Kong market (12.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2798's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2798 is overvalued based on its PB Ratio (14.3x) compared to the HK Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is Perennial Energy Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.9%

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 Perennial Energy Holdings 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 Perennial Energy Holdings performed over the past 5 years?

30.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2798 has a high level of non-cash earnings.

Growing Profit Margin: 2798's current net profit margins (23.8%) are lower than last year (27%).


Past Earnings Growth Analysis

Earnings Trend: 2798's earnings have grown significantly by 30.7% per year over the past 5 years.

Accelerating Growth: 2798's earnings growth over the past year (20.8%) is below its 5-year average (30.7% per year).

Earnings vs Industry: 2798 earnings growth over the past year (20.8%) exceeded the Oil and Gas industry -11.9%.


Return on Equity

High ROE: 2798's Return on Equity (19%) is considered low.


Next Steps

Financial Health

How is Perennial Energy Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 2798's short term assets (CN¥590.0M) do not cover its short term liabilities (CN¥918.2M).

Long Term Liabilities: 2798's short term assets (CN¥590.0M) exceed its long term liabilities (CN¥399.7M).


Debt to Equity History and Analysis

Debt Level: 2798's debt to equity ratio (13.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 2798's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 2798's debt is well covered by operating cash flow (229.1%).

Interest Coverage: 2798's interest payments on its debt are well covered by EBIT (49.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Perennial Energy Holdings's current dividend yield, its reliability and sustainability?

0.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2798's dividend (0.18%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.03%).

High Dividend: 2798's dividend (0.18%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.24%).


Stability and Growth of Payments

Stable Dividend: 2798 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 2798 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 2798 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 2798'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?

3.8yrs

Average management tenure


CEO

Bangping Yu (51 yo)

no data

Tenure

CN¥1,067,000

Compensation

Mr. Bangping Yu serves as Executive Chairman & Chief Executive Officer at Perennial Energy Holdings Limited.


CEO Compensation Analysis

Compensation vs Market: Bangping's total compensation ($USD164.27K) is below average for companies of similar size in the Hong Kong market ($USD671.39K).

Compensation vs Earnings: Bangping's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Bangping Yu
Executive Chairman & CEOno dataCN¥1.07mno data
Xuezhong Li
COO & Executive Director3yrsCN¥2.25mno data
Chik Shun Lam
Chief Strategy Officer & Executive Director3yrsCN¥2.34mno data
Dawei Sun
Executive Director3yrsCN¥1.05mno data
Shize Wang
Executive Director & Deputy GM3yrsCN¥1.07mno data
Zhilong Yu
Executive Director1.5yrsCN¥520.00kno data
Xiao Yu
Executive Director1.5yrsCN¥470.00kno data
Honggang Yu
General Manager4.5yrsno datano data
Ho Au Yeung
Chief Financial Officer2.08yrsno datano data
Long Wang
Chief Accountant4.5yrsno datano data
Yu Tong
Deputy General Manager3.75yrsno datano data
Lizhi Liu
Deputy General Manager4.5yrsno datano data

3.8yrs

Average Tenure

46yo

Average Age

Experienced Management: 2798's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bangping Yu
Executive Chairman & CEOno dataCN¥1.07mno data
Xuezhong Li
COO & Executive Director3yrsCN¥2.25mno data
Chik Shun Lam
Chief Strategy Officer & Executive Director3yrsCN¥2.34mno data
Dawei Sun
Executive Director3yrsCN¥1.05mno data
Shize Wang
Executive Director & Deputy GM3yrsCN¥1.07mno data
Zhilong Yu
Executive Director1.5yrsCN¥520.00kno data
Xiao Yu
Executive Director1.5yrsCN¥470.00kno data
Wai Ho Fong
Independent Non-Executive Director2.33yrsCN¥315.00kno data
Suet Cheung
Independent Non-Executive Director2.33yrsCN¥315.00kno data
Niraan De Silva
Independent Non-Executive Director2.33yrsCN¥315.00kno data
Xiufeng Wang
Independent Non-Executive Director1.5yrsCN¥67.00kno data

2.3yrs

Average Tenure

42yo

Average Age

Experienced Board: 2798's board of directors are not considered experienced ( 2.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Perennial Energy Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Perennial Energy Holdings Limited
  • Ticker: 2798
  • Exchange: SEHK
  • Founded: 1990
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: HK$22.560b
  • Shares outstanding: 1.60b
  • Website: https://www.perennialenergy.hk

Number of Employees


Location

  • Perennial Energy Holdings Limited
  • Office building
  • Next to E’ Lang Pu Leisure Square
  • Liupanshui
  • Guizhou Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2798SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2018
PEZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2018

Biography

Perennial Energy Holdings Limited, an investment holding company, operates as a coal mining company in the People’s Republic of China. The company principally engages in the exploration and mining of cokin...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/07 10:22
End of Day Share Price2021/03/05 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.