SEHK:8011

Stock Analysis Report

Polyard Petroleum International Group

Executive Summary

Polyard Petroleum International Group Limited, an investment holding company, engages in the exploration, exploitation, and development of oil and natural gas in the Philippines.


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.

Share Price & News

How has Polyard Petroleum International Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8011's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

8011

-4.7%

HK Oil and Gas

-2.1%

HK Market


1 Year Return

-9.2%

8011

-33.8%

HK Oil and Gas

-9.8%

HK Market

Return vs Industry: 8011 exceeded the Hong Kong Oil and Gas industry which returned -33.5% over the past year.

Return vs Market: 8011 matched the Hong Kong Market which returned -10.2% over the past year.


Shareholder returns

8011IndustryMarket
7 Day0%-4.7%-2.1%
30 Day-9.2%-11.0%-3.2%
90 Dayn/a-10.4%0.09%
1 Year-9.2%-9.2%-29.8%-33.8%-6.5%-9.8%
3 Year-64.2%-64.2%-18.8%-30.3%11.6%0.3%
5 Year-39.5%-39.5%-34.9%-46.6%11.7%-6.8%

Price Volatility Vs. Market

How volatile is Polyard Petroleum International Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Polyard Petroleum International Group undervalued compared to its fair value and its price relative to the market?

38.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 8011 (HK$0.12) is trading below our estimate of fair value (HK$0.19)

Significantly Below Fair Value: 8011 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8011 is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: 8011 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 8011's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8011 is overvalued based on its PB Ratio (4.6x) compared to the HK Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Polyard Petroleum International Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.4%

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 Polyard Petroleum International Group 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 Polyard Petroleum International Group performed over the past 5 years?

74.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8011 is currently unprofitable.

Growing Profit Margin: 8011 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 8011 is unprofitable, but has reduced losses over the past 5 years at a rate of 74.1% per year.

Accelerating Growth: Unable to compare 8011's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8011 is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (11.7%).


Return on Equity

High ROE: 8011 has a negative Return on Equity (-28.41%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Polyard Petroleum International Group's financial position?


Financial Position Analysis

Short Term Liabilities: 8011's short term assets (HK$43.3M) do not cover its short term liabilities (HK$210.1M).

Long Term Liabilities: 8011's short term assets (HK$43.3M) do not cover its long term liabilities (HK$64.5M).


Debt to Equity History and Analysis

Debt Level: 8011's debt to equity ratio (121.4%) is considered high.

Reducing Debt: 8011's debt to equity ratio has increased from 5.6% to 121.4% over the past 5 years.


Balance Sheet

Inventory Level: 8011 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 8011's debt is not covered by short term assets (assets are 0.3x 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: Whilst unprofitable 8011 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 8011 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13.2% per year.


Next Steps

Dividend

What is Polyard Petroleum International Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.4%industryaverage7.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 8011's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 8011's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 8011's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8011's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8011'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?

9.4yrs

Average management tenure


CEO

Chun Liang Lai (54yo)

9.7yrs

Tenure

HK$420,000

Compensation

Mr. Chun Liang Lai has been the Chief Executive officer at Polyard Petroleum International Group Limited since June 4, 2010. Mr. Lai served as a Chief Operating Officer for Polyard Petroleum International  ...


CEO Compensation Analysis

Compensation vs Market: Chun Liang's total compensation ($USD53.88K) is below average for companies of similar size in the Hong Kong market ($USD226.90K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Zhiyong Zhao
Compliance Officer & Executive Chairman2.5yrsHK$600.00kno data
Chun Liang Lai
CEO & Executive Director9.7yrsHK$420.00kno data
Zhang Lin
Executive Director12.3yrsHK$1.17mno data
Ping Kuen Chan
Chief Financial Officer10.5yrsno datano data
Ling Li
Head of Finance Department of Changning Kanstar and Head of Finance Department -Kunming Kanstar0yrsno datano data
Han Sheng Qin
Chief Geologist of Sc49 Project0yrsno datano data
Pei-Hua Wong
Deputy Chief Engineer0yrsno datano data
Jichun Zhang
Chief Geologist9.2yrsno datano data
Yingcheng Zhao
Group Chief Geologist & Dean4yrsno datano data
Jiaqiang Li
Chief Geologist of Sinotech & Project Manager of Sc700yrsno datano data

9.4yrs

Average Tenure

58yo

Average Age

Experienced Management: 8011's management team is seasoned and experienced (9.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zhiyong Zhao
Compliance Officer & Executive Chairman2.5yrsHK$600.00kno data
Chun Liang Lai
CEO & Executive Director9.7yrsHK$420.00kno data
Zhang Lin
Executive Director12.3yrsHK$1.17mno data
King Chi Kwan
Independent Non-Executive Director5.3yrsHK$60.00kno data
Hsi-Ping Pai
Independent Non-Executive Director10.6yrsHK$60.00kno data
Qun Xie
Independent Non-Executive Director6.4yrsHK$60.00kno data

7.1yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 8011's board of directors are considered experienced (7.1 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

Polyard Petroleum International Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Polyard Petroleum International Group Limited
  • Ticker: 8011
  • Exchange: SEHK
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: HK$346.629m
  • Shares outstanding: 2.94b
  • Website: https://www.ppig.com.hk

Number of Employees


Location

  • Polyard Petroleum International Group Limited
  • Shanghai Industrial Investment Building
  • 8th Floor
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8011SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2002

Biography

Polyard Petroleum International Group Limited, an investment holding company, engages in the exploration, exploitation, and development of oil and natural gas in the Philippines. The company holds interests in the Central Luzon gas project that covers approximately 6,840 square kilometers located in Central Luzon; and the South Cebu oil and gas project covering an area of 1,970 square kilometers located in Cebu Island. It also provides technical services; and consultancy services for oil and gas exploration and development, as well as trades in minerals, energy, and petroleum-related products. The company was formerly known as Kanstar Environmental Paper Products Holdings Limited and changed its name to Polyard Petroleum International Group Limited in November 2007. Polyard Petroleum International Group Limited is based in Wan Chai, Hong Kong. Polyard Petroleum International Group Limited is a subsidiary of Silver Star Enterprises Holdings Inc. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 12:50
End of Day Share Price2020/02/25 00:00
Earnings2019/09/30
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.