Executive Summary
Grand Ocean Advanced Resources Company Limited, an investment holding company, engages in coal mining business in Inner Mongolia, the People’s Republic of China. More Details
Risk Analysis
Snowflake Analysis
Flawless balance sheet with weak fundamentals.
Share Price & News
How has Grand Ocean Advanced Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 65 is more volatile than 90% of Hong Kong stocks over the past 3 months, typically moving +/- 17% a week.
Volatility Over Time: 65's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.
Market Performance
7 Day Return
6.3%
65
3.6%
HK Oil and Gas
-0.5%
HK Market
1 Year Return
77.1%
65
-20.1%
HK Oil and Gas
7.6%
HK Market
Return vs Industry: 65 exceeded the Hong Kong Oil and Gas industry which returned -20.1% over the past year.
Return vs Market: 65 exceeded the Hong Kong Market which returned 7.6% over the past year.
Shareholder returns
| 65 | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.3% | 3.6% | -0.5% |
| 30 Day | 28.8% | 14.2% | 5.3% |
| 90 Day | 154.5% | 5.5% | 4.2% |
| 1 Year | 77.1%77.1% | -13.9%-20.1% | 11.9%7.6% |
| 3 Year | 21.4%21.4% | -23.7%-36.2% | -1.2%-11.4% |
| 5 Year | -28.0%-28.0% | -14.1%-32.3% | 29.7%7.9% |
Long-Term Price Volatility Vs. Market
How volatile is Grand Ocean Advanced Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Calculating The Intrinsic Value Of Grand Ocean Advanced Resources Company Limited (HKG:65)1 month ago | Simply Wall St
Grand Ocean Advanced Resources'(HKG:65) Share Price Is Down 35% Over The Past Five Years.5 months ago | Simply Wall St
Do Insiders Own Shares In Grand Ocean Advanced Resources Company Limited (HKG:65)?Valuation
Is Grand Ocean Advanced Resources undervalued compared to its fair value and its price relative to the market?
5.42x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 65 (HK$0.43) is trading above our estimate of fair value (HK$0.36)
Significantly Below Fair Value: 65 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 65 is unprofitable, so we can't compare its PE Ratio to the HK Oil and Gas industry average.
PE vs Market: 65 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 65's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 65 is overvalued based on its PB Ratio (5.4x) compared to the HK Oil and Gas industry average (0.6x).
Next Steps
Future Growth
How is Grand Ocean Advanced Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
29.9%
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 Grand Ocean Advanced Resources 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 Grand Ocean Advanced Resources'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.
- Grand Ocean Advanced Resources 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 Grand Ocean Advanced Resources performed over the past 5 years?
40.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 65 is currently unprofitable.
Growing Profit Margin: 65 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 65 is unprofitable, but has reduced losses over the past 5 years at a rate of 40.8% per year.
Accelerating Growth: Unable to compare 65's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 65 is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-11%).
Return on Equity
High ROE: 65 has a negative Return on Equity (-35.34%), as it is currently unprofitable.
Next Steps
Financial Health
How is Grand Ocean Advanced Resources's financial position?
Financial Position Analysis
Short Term Liabilities: 65's short term assets (HK$180.0M) exceed its short term liabilities (HK$87.6M).
Long Term Liabilities: 65's short term assets (HK$180.0M) exceed its long term liabilities (HK$22.4M).
Debt to Equity History and Analysis
Debt Level: 65 is debt free.
Reducing Debt: 65 has no debt compared to 5 years ago when its debt to equity ratio was 18.4%.
Balance Sheet
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: Whilst unprofitable 65 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 65 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 23.6% per year.
Next Steps
Dividend
What is Grand Ocean Advanced Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 65's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 65'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 65's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 65's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 65 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 65'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?
3.5yrs
Average board tenure
CEO
Grand Ocean Advanced Resources has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| VP of Business Development & Corporate Finance | 5.75yrs | HK$2.66m | no data | |
| Executive Director | 2.33yrs | HK$738.00k | no data | |
| Executive Director | no data | no data | no data | |
| Independent Non-Executive Director | 0.83yr | no data | no data | |
| Independent Non Executive Director | no data | no data | no data | |
| Independent Non-Executive Director | 4.67yrs | HK$240.00k | no data |
3.5yrs
Average Tenure
46yo
Average Age
Experienced Board: 65's board of directors are considered experienced (3.5 years average tenure).
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
Grand Ocean Advanced Resources Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Grand Ocean Advanced Resources Company Limited
- Ticker: 65
- Exchange: SEHK
- Founded: 2000
- Industry: Coal and Consumable Fuels
- Sector: Energy
- Market Cap: HK$593.873m
- Shares outstanding: 1.50b
- Website: https://grandocean65.com
Number of Employees
Location
- Grand Ocean Advanced Resources Company Limited
- Sino Plaza
- Suite 3103
- Hong Kong
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 65 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Aug 2001 |
Biography
Grand Ocean Advanced Resources Company Limited, an investment holding company, engages in coal mining business in Inner Mongolia, the People’s Republic of China. It produces and sells coal. The company was...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 10:19 |
| End of Day Share Price | 2020/11/26 00:00 |
| Earnings | 2020/06/30 |
| 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.