Executive Summary
Jutal Offshore Oil Services Limited, an investment holding company, primarily provides fabrication and integrated services for oil and gas, other energy and refining, and chemical industries.
Risk Analysis
Snowflake Analysis
Adequate balance sheet with poor track record.
Share Price & News
How has Jutal Offshore Oil Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3303 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.0%
3303
-5.2%
HK Energy Services
-0.6%
HK Market
1 Year Return
-37.3%
3303
-31.0%
HK Energy Services
-2.4%
HK Market
Return vs Industry: 3303 underperformed the Hong Kong Energy Services industry which returned -29.4% over the past year.
Return vs Market: 3303 underperformed the Hong Kong Market which returned -0.8% over the past year.
Shareholder returns
| 3303 | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | -5.2% | -0.6% |
| 30 Day | -7.1% | -4.2% | 7.4% |
| 90 Day | 7.2% | 5.2% | 11.4% |
| 1 Year | -37.3%-37.3% | -30.2%-31.0% | 1.6%-2.4% |
| 3 Year | -77.4%-78.2% | -29.4%-30.7% | 5.8%-5.5% |
| 5 Year | -31.9%-35.8% | -62.2%-63.1% | 7.3%-10.6% |
Price Volatility Vs. Market
How volatile is Jutal Offshore Oil Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Trade Alert: The Executive Director Of Jutal Offshore Oil Services Limited (HKG:3303), Lishan Wang, Has Just Spent CN¥51k Buying A Few More Shares1 month ago | Simply Wall St
Calculating The Intrinsic Value Of Jutal Offshore Oil Services Limited (HKG:3303)1 month ago | Simply Wall St
Jutal Offshore Oil Services (HKG:3303) Has A Somewhat Strained Balance SheetValuation
Is Jutal Offshore Oil Services undervalued compared to its fair value and its price relative to the market?
173.4x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 3303 (HK$0.52) is trading above our estimate of fair value (HK$0.5)
Significantly Below Fair Value: 3303 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 3303 is poor value based on its PE Ratio (173.4x) compared to the HK Energy Services industry average (8.4x).
PE vs Market: 3303 is poor value based on its PE Ratio (173.4x) compared to the Hong Kong market (10.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 3303's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 3303's PB Ratio (0.4x) is in line with the HK Energy Services industry average.
Next Steps
Future Growth
How is Jutal Offshore Oil Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
16.7%
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 Jutal Offshore Oil 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
- Examine Jutal Offshore Oil Services'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.
- Jutal Offshore Oil Services 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 Jutal Offshore Oil Services performed over the past 5 years?
-7.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3303 has high quality earnings.
Growing Profit Margin: 3303's current net profit margins (0.3%) are lower than last year (1.8%).
Past Earnings Growth Analysis
Earnings Trend: 3303's earnings have declined by -7.4% per year over the past 5 years.
Accelerating Growth: 3303's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3303 had negative earnings growth (-83.4%) over the past year, making it difficult to compare to the Energy Services industry average (20.8%).
Return on Equity
High ROE: 3303's Return on Equity (0.2%) is considered low.
Next Steps
Financial Health
How is Jutal Offshore Oil Services's financial position?
Financial Position Analysis
Short Term Liabilities: 3303's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 3303's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥528.3M).
Debt to Equity History and Analysis
Debt Level: 3303's debt to equity ratio (31.7%) is considered satisfactory.
Reducing Debt: 3303's debt to equity ratio has increased from 20.4% to 31.7% over the past 5 years.
Debt Coverage: 3303's debt is well covered by operating cash flow (21.8%).
Interest Coverage: 3303's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Jutal Offshore Oil Services's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 3303's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 3303'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 3303's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 3303's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 3303 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 3303'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?
0.3yrs
Average management tenure
CEO
Ningsheng Wang (49yo)
0.25
Tenure
Mr. Ningsheng Wang serves as a President of Jutal Offshore Oil Services Limited since April 10, 2020. He has been a Deputy General Manager of Beijing Sanju Environmental Protection & New Materials Co., Ltd ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Director | 14.67yrs | CN¥2.94m | 24.71% CN¥201.8m | |
| Executive VP & Executive Director | 2.08yrs | CN¥1.16m | no data | |
| President & Executive Director | 0.25yr | no data | no data | |
| Executive Director | 0.25yr | no data | no data | |
| Executive Director | 0.25yr | no data | no data | |
| Company Secretary | 6.08yrs | no data | no data | |
| Vice President | no data | CN¥117.00k | no data | |
| Deputy Chief Engineer | no data | no data | no data | |
| Deputy Chief Accountant | no data | no data | no data |
0.3yrs
Average Tenure
52yo
Average Age
Experienced Management: 3303's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Director | 14.67yrs | CN¥2.94m | 24.71% CN¥201.8m | |
| Executive VP & Executive Director | 2.08yrs | CN¥1.16m | no data | |
| President & Executive Director | 0.25yr | no data | no data | |
| Executive Director | 0.25yr | no data | no data | |
| Executive Director | 0.25yr | no data | no data | |
| Independent Non-Executive Director | 5yrs | CN¥496.00k | 0.095% CN¥775.0k | |
| Independent Non-Executive Director | 13.92yrs | CN¥496.00k | no data | |
| Deputy Chairman | 0.25yr | CN¥2.96m | no data | |
| Independent Non-Executive Director | 3.08yrs | CN¥496.00k | no data |
2.1yrs
Average Tenure
56yo
Average Age
Experienced Board: 3303'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: 3303 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
Jutal Offshore Oil Services Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Jutal Offshore Oil Services Limited
- Ticker: 3303
- Exchange: SEHK
- Founded: 1995
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: HK$817.008m
- Shares outstanding: 1.63b
- Website: https://www.jutal.com
Number of Employees
Location
- Jutal Offshore Oil Services Limited
- Chiwan Petroleum Building
- 10th Floor
- Shenzhen
- Guangdong Province
- 518068
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 3303 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Sep 2006 |
| I8O | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Sep 2006 |
| JUTO.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Dec 2008 |
Biography
Jutal Offshore Oil Services Limited, an investment holding company, primarily provides fabrication and integrated services for oil and gas, other energy and refining, and chemical industries. It engages in the fabrication of oil and gas equipment and facilities, including water and natural gas processing systems, and oil treatment equipment, as well as subsea equipment and topsides; and offshore engineering and heavy installation activities. The company also provides technical support services for the shipbuilding industry; undersea maintenance services; and quayside and warehouse services, as well as trades in biofuel products. In addition, it constructs and sells offshore oil and natural gas exploration facilities; and quayside machineries and chemical engineering facilities. Further, the company designs, fabricates, installs, and repairs steel formation structures. It operates in the People’s Republic of China, Singapore, Portugal, France, the United States, Switzerland, Sweden, the United Kingdom, the Netherlands, and internationally. The company was founded in 1995 and is headquartered in Shenzhen, the People’s Republic of China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/14 12:41 |
| End of Day Share Price | 2020/07/14 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.