SEHK:342

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NewOcean Energy Holdings

Executive Summary

NewOcean Energy Holdings Limited, an investment holding company, distributes and sells liquefied petroleum gas (LPG) and natural gas, and oil/chemical products in the People’s Republic of China. More Details


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 342 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 342's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-7.0%

342

0.9%

HK Oil and Gas

-6.1%

HK Market


1 Year Return

-42.1%

342

-0.7%

HK Oil and Gas

22.2%

HK Market

Return vs Industry: 342 underperformed the Hong Kong Oil and Gas industry which returned -0.7% over the past year.

Return vs Market: 342 underperformed the Hong Kong Market which returned 22.2% over the past year.


Shareholder returns

342IndustryMarket
7 Day-7.0%0.9%-6.1%
30 Day-4.3%10.9%-0.7%
90 Day-8.3%5.5%9.1%
1 Year-42.1%-42.1%7.1%-0.7%26.9%22.2%
3 Year-64.3%-64.3%-23.0%-35.8%4.6%-6.3%
5 Year-76.3%-76.5%-4.3%-24.6%59.0%32.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 342 (HK$0.66) is trading below our estimate of fair value (HK$21.26)

Significantly Below Fair Value: 342 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 342 is unprofitable, so we can't compare its PE Ratio to the HK Oil and Gas industry average.

PE vs Market: 342 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 342's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 342 is good value based on its PB Ratio (0.1x) compared to the HK Oil and Gas industry average (0.6x).


Next Steps

Future Growth

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

15.9%

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 NewOcean 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 NewOcean Energy Holdings performed over the past 5 years?

-19.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 342 is currently unprofitable.

Growing Profit Margin: 342 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 342 is unprofitable, and losses have increased over the past 5 years at a rate of 19.9% per year.

Accelerating Growth: Unable to compare 342's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 342 is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-11.9%).


Return on Equity

High ROE: 342 has a negative Return on Equity (-15.96%), as it is currently unprofitable.


Next Steps

Financial Health

How is NewOcean Energy Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 342's short term assets (HK$10.0B) exceed its short term liabilities (HK$7.7B).

Long Term Liabilities: 342's short term assets (HK$10.0B) exceed its long term liabilities (HK$149.6M).


Debt to Equity History and Analysis

Debt Level: 342's debt to equity ratio (100.6%) is considered high.

Reducing Debt: 342's debt to equity ratio has reduced from 108.5% to 100.6% over the past 5 years.

Debt Coverage: 342's debt is well covered by operating cash flow (20.2%).

Interest Coverage: Insufficient data to determine if 342's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 342's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 342'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 342's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 342's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 342 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 342'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?

7.6yrs

Average management tenure


CEO

Lawrence Shum (42 yo)

11.67yrs

Tenure

HK$1,138,000

Compensation

Mr. Chun Shum, also known as Lawrence, has been the Managing Director of NewOcean Energy Holdings Limited since June 2009. Mr. Shum had been in charge of various operations ranging from retail operations, ...


CEO Compensation Analysis

Compensation vs Market: Lawrence's total compensation ($USD146.71K) is below average for companies of similar size in the Hong Kong market ($USD230.48K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Siu Shum
Executive Chairman15.67yrsHK$3.02m7.4%
HK$ 71.8m
Chun Shum
MD & Executive Director11.67yrsHK$1.14m3.92%
HK$ 38.0m
Ziniu Cen
Executive Director1.67yrsHK$1.62mno data
Man Cheung
Company Secretary7.58yrsno datano data

7.6yrs

Average Tenure

51yo

Average Age

Experienced Management: 342's management team is seasoned and experienced (7.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Siu Shum
Executive Chairman15.67yrsHK$3.02m7.4%
HK$ 71.8m
Chun Shum
MD & Executive Director11.67yrsHK$1.14m3.92%
HK$ 38.0m
Ziniu Cen
Executive Director1.67yrsHK$1.62mno data
Kwan Hung Cheung
Independent Non-Executive Director19.5yrsHK$150.00kno data
Yuk Chan
Independent Non Executive Director14.92yrsHK$120.00kno data
Mingshe Xu
Independent Non-Executive Director14.58yrsHK$120.00kno data

15.3yrs

Average Tenure

61yo

Average Age

Experienced Board: 342's board of directors are seasoned and experienced ( 15.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 342 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

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


Key Information

  • Name: NewOcean Energy Holdings Limited
  • Ticker: 342
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: HK$968.962m
  • Shares outstanding: 1.47b
  • Website: https://www.newoceanhk.com

Number of Employees


Location

  • NewOcean Energy Holdings Limited
  • The Sun's Group Centre
  • 23rd Floor
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
342SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDAug 1999
NE6DB (Deutsche Boerse AG)YesOrdinary SharesDEEURAug 1999

Biography

NewOcean Energy Holdings Limited, an investment holding company, distributes and sells liquefied petroleum gas (LPG) and natural gas, and oil/chemical products in the People’s Republic of China. The compan...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/27 10:17
End of Day Share Price2021/02/26 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.