SEHK:3303

Stock Analysis Report

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

Excellent balance sheet and slightly overvalued.

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

0%

3303

0.06%

HK Energy Services

-0.6%

HK Market


1 Year Return

-29.5%

3303

17.0%

HK Energy Services

-7.6%

HK Market

Return vs Industry: 3303 underperformed the Hong Kong Energy Services industry which returned 17.2% over the past year.

Return vs Market: 3303 underperformed the Hong Kong Market which returned -7.4% over the past year.


Shareholder returns

3303IndustryMarket
7 Day0%0.06%-0.6%
30 Day-6.1%-4.2%-1.2%
90 Day-8.8%4.0%3.0%
1 Year-27.8%-29.5%17.7%17.0%-4.2%-7.6%
3 Year-53.9%-55.7%-16.1%-17.2%12.9%1.5%
5 Year-42.8%-46.6%-46.6%-48.2%13.1%-5.6%

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?

7.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3303 (HK$0.62) is trading below our estimate of fair value (HK$0.67)

Significantly Below Fair Value: 3303 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 3303 is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.

PE vs Market: 3303 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 3303's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3303 is good value based on its PB Ratio (0.4x) compared to the HK Energy Services industry average (0.7x).


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?

24.9%

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 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?

-6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3303 is currently unprofitable.

Growing Profit Margin: 3303 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 3303 is unprofitable, and losses have increased over the past 5 years at a rate of -6.3% per year.

Accelerating Growth: Unable to compare 3303's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 3303 is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-4.3%).


Return on Equity

High ROE: 3303 has a negative Return on Equity (-1.18%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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¥2.0B) exceed its short term liabilities (CN¥1.1B).

Long Term Liabilities: 3303's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥537.7M).


Debt to Equity History and Analysis

Debt Level: 3303's debt to equity ratio (26.7%) is considered satisfactory.

Reducing Debt: 3303's debt to equity ratio has reduced from 31.8% to 26.7% over the past 5 years.


Balance Sheet

Inventory Level: 3303 has a high level of physical assets or inventory.

Debt Coverage by Assets: 3303's debt is covered by short term assets (assets are 3.6x debt).


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: 3303 has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: 3303 has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Jutal Offshore Oil Services's current dividend yield, its reliability and sustainability?

3.07%

Current Dividend Yield


Dividend Yield vs Market

company3.1%marketbottom25%2.3%markettop25%6.3%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 3303's dividend (3.07%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.29%).

High Dividend: 3303's dividend (3.07%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.35%).


Stability and Growth of Payments

Stable Dividend: 3303 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 3303 has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: 3303 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average board tenure


CEO

Yunsheng Cao (56yo)

CN¥6,413,000

Compensation

Mr. Yunsheng Cao serves as the Chief Executive Officer of Jutal Offshore Oil Services Ltd. Mr. Yunsheng served as Deputy General Manager of Jutal Offshore Oil Services Limited since 2001. He is responsible ...


CEO Compensation Analysis

Compensation vs Market: Yunsheng's total compensation ($USD912.40K) is above average for companies of similar size in the Hong Kong market ($USD225.23K).

Compensation vs Earnings: Yunsheng's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Lei Liu
Chairman2.7yrsCN¥2.83mno data
Yunsheng Cao
CEO & Executive Director0yrsCN¥6.41m0.62% CN¥6.3m
Lishan Wang
Executive Director14.3yrsCN¥3.99m24.66% CN¥249.8m
Hui Tang
VP & Executive Director1.7yrsCN¥1.54m0.022% CN¥226.9k
Yunian Liu
Executive Director1.7yrsCN¥1.18mno data
Ningsheng Wang
Executive Director0.08yrsno datano data
Daqing Qi
Independent Non-Executive Director4.6yrsCN¥873.00k0.095% CN¥961.0k
Yang Su
Independent Non-Executive Director13.5yrsCN¥873.00kno data
Yimin Zheng
Independent Non-Executive Director2.7yrsCN¥873.00kno data

2.7yrs

Average Tenure

55yo

Average Age

Experienced Board: 3303's board of directors are not considered experienced ( 2.7 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.


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$1.013b
  • 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, Spain, the United States, Switzerland, Sweden, the United Kingdom, 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 Analysis2020/02/22 12:50
End of Day Share Price2020/02/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.