SEHK:3303

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Jutal Offshore Oil Services

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.


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

3303IndustryMarket
7 Day2.0%-5.2%-0.6%
30 Day-7.1%-4.2%7.4%
90 Day7.2%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

Valuation

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

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

NamePositionTenureCompensationOwnership
Lishan Wang
Executive Director14.67yrsCN¥2.94m24.71% CN¥201.8m
Yunian Liu
Executive VP & Executive Director2.08yrsCN¥1.16mno data
Ningsheng Wang
President & Executive Director0.25yrno datano data
Lin Li
Executive Director0.25yrno datano data
Zhiqiang Gao
Executive Director0.25yrno datano data
Fung Yee Leung
Company Secretary6.08yrsno datano data
Wuhui Zhao
Vice Presidentno dataCN¥117.00kno data
Feng Lin
Deputy Chief Engineerno datano datano data
Xiaoli Wei
Deputy Chief Accountantno datano datano 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

NamePositionTenureCompensationOwnership
Lishan Wang
Executive Director14.67yrsCN¥2.94m24.71% CN¥201.8m
Yunian Liu
Executive VP & Executive Director2.08yrsCN¥1.16mno data
Ningsheng Wang
President & Executive Director0.25yrno datano data
Lin Li
Executive Director0.25yrno datano data
Zhiqiang Gao
Executive Director0.25yrno datano data
Daqing Qi
Independent Non-Executive Director5yrsCN¥496.00k0.095% CN¥775.0k
Yang Su
Independent Non-Executive Director13.92yrsCN¥496.00kno data
Lei Liu
Deputy Chairman0.25yrCN¥2.96mno data
Yimin Zheng
Independent Non-Executive Director3.08yrsCN¥496.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3303SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDSep 2006
I8ODB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2006
JUTO.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 12:41
End of Day Share Price2020/07/14 00:00
Earnings2019/12/31
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.