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857

PetroChina SEHK:857 Stock Report

Last Price

HK$3.82

Market Cap

HK$1.1t

7D

-0.8%

1Y

3.2%

Updated

28 Jun, 2022

Data

Company Financials +
857 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

857 Stock Overview

PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally.

PetroChina Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PetroChina
Historical stock prices
Current Share PriceHK$3.82
52 Week HighHK$4.49
52 Week LowHK$2.94
Beta0.79
1 Month Change-7.51%
3 Month Change-7.28%
1 Year Change3.24%
3 Year Change-11.98%
5 Year Change-22.04%
Change since IPO215.70%

Recent News & Updates

Jun 13
PetroChina (HKG:857) Has Announced That It Will Be Increasing Its Dividend To HK$0.11

PetroChina (HKG:857) Has Announced That It Will Be Increasing Its Dividend To HK$0.11

PetroChina Company Limited ( HKG:857 ) has announced that it will be increasing its dividend on the 29th of July to...

Jun 11
Here's Why PetroChina (HKG:857) Can Manage Its Debt Responsibly

Here's Why PetroChina (HKG:857) Can Manage Its Debt Responsibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

857HK Oil and GasHK Market
7D-0.8%-0.3%1.7%
1Y3.2%13.6%-21.2%

Return vs Industry: 857 underperformed the Hong Kong Oil and Gas industry which returned 13.6% over the past year.

Return vs Market: 857 exceeded the Hong Kong Market which returned -21.2% over the past year.

Price Volatility

Is 857's price volatile compared to industry and market?
857 volatility
857 Average Weekly Movement4.2%
Oil and Gas Industry Average Movement8.9%
Market Average Movement6.9%
10% most volatile stocks in HK Market13.8%
10% least volatile stocks in HK Market3.4%

Stable Share Price: 857 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 857's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999417,173Yongzhang Huanghttps://www.petrochina.com.cn

PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. The Exploration and Production segment engages in the exploration, development, production, and marketing of crude oil and natural gas.

PetroChina Fundamentals Summary

How do PetroChina's earnings and revenue compare to its market cap?
857 fundamental statistics
Market CapCN¥939.89b
Earnings (TTM)CN¥103.51b
Revenue (TTM)CN¥2.84t

5.8x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
857 income statement (TTM)
RevenueCN¥2.84t
Cost of RevenueCN¥1.97t
Gross ProfitCN¥869.12b
Other ExpensesCN¥765.61b
EarningsCN¥103.51b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.57
Gross Margin30.58%
Net Profit Margin3.64%
Debt/Equity Ratio23.6%

How did 857 perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

40%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 857 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 857?

Other financial metrics that can be useful for relative valuation.

857 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA3.5x
PEG Ratio-0.7x

Price to Earnings Ratio vs Peers

How does 857's PE Ratio compare to its peers?

857 PE Ratio vs Peers
The above table shows the PE ratio for 857 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.5x
386 China Petroleum & Chemical
4.9x-0.2%HK$551.2b
1088 China Shenhua Energy
7.5x-3.4%HK$723.6b
883 CNOOC
4.7x-2.2%HK$499.2b
1171 Yankuang Energy Group
5.1x-19.3%HK$188.7b
857 PetroChina
5.8x-8.5%HK$1.1t

Price-To-Earnings vs Peers: 857 is expensive based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (5.6x).


Price to Earnings Ratio vs Industry

How does 857's PE Ratio compare vs other companies in the HK Oil and Gas Industry?

Price-To-Earnings vs Industry: 857 is good value based on its Price-To-Earnings Ratio (5.8x) compared to the Hong Kong Oil and Gas industry average (6.2x)


Price to Earnings Ratio vs Fair Ratio

What is 857's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

857 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.8x
Fair PE Ratio9.8x

Price-To-Earnings vs Fair Ratio: 857 is good value based on its Price-To-Earnings Ratio (5.8x) compared to the estimated Fair Price-To-Earnings Ratio (9.8x).


Share Price vs Fair Value

What is the Fair Price of 857 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 857 (HK$3.82) is trading below our estimate of fair value (HK$10.27)

Significantly Below Fair Value: 857 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 857's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is PetroChina forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-8.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 857's earnings are forecast to decline over the next 3 years (-8.5% per year).

Earnings vs Market: 857's earnings are forecast to decline over the next 3 years (-8.5% per year).

High Growth Earnings: 857's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 857's revenue is expected to decline over the next 3 years (-2.4% per year).

High Growth Revenue: 857's revenue is forecast to decline over the next 3 years (-2.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 857's Return on Equity is forecast to be low in 3 years time (6%).


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Past Performance

How has PetroChina performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 857 has high quality earnings.

Growing Profit Margin: 857's current net profit margins (3.6%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: 857's earnings have grown significantly by 24.1% per year over the past 5 years.

Accelerating Growth: 857's earnings growth over the past year (64.4%) exceeds its 5-year average (24.1% per year).

Earnings vs Industry: 857 earnings growth over the past year (64.4%) exceeded the Oil and Gas industry 46.2%.


Return on Equity

High ROE: 857's Return on Equity (8.7%) is considered low.


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Financial Health

How is PetroChina's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 857's short term assets (CN¥602.5B) do not cover its short term liabilities (CN¥603.6B).

Long Term Liabilities: 857's short term assets (CN¥602.5B) exceed its long term liabilities (CN¥554.9B).


Debt to Equity History and Analysis

Debt Level: 857's net debt to equity ratio (10.2%) is considered satisfactory.

Reducing Debt: 857's debt to equity ratio has reduced from 35.6% to 23.6% over the past 5 years.

Debt Coverage: 857's debt is well covered by operating cash flow (124.9%).

Interest Coverage: 857's interest payments on its debt are well covered by EBIT (10.8x coverage).


Balance Sheet


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Dividend

What is PetroChina current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.96%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 857's dividend (6.96%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.7%).

High Dividend: 857's dividend (6.96%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.78%).


Stability and Growth of Payments

Stable Dividend: 857's dividend payments have been volatile in the past 10 years.

Growing Dividend: 857's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (40.1%), 857's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (28.2%), 857's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

0.9yrs

Average management tenure


CEO

Yongzhang Huang (54 yo)

1.25yrs

Tenure

CN¥776,460

Compensation

Mr. Huang Yongzhang has been President and Executive Director at PetroChina Company Limited since March 25, 2021. He served as Non-Executive Director at PetroChina Company Limited since September 28, 2020...


CEO Compensation Analysis

Compensation vs Market: Yongzhang's total compensation ($USD116.04K) is below average for companies of similar size in the Hong Kong market ($USD1.06M).

Compensation vs Earnings: Insufficient data to compare Yongzhang's compensation with company performance.


Leadership Team

Experienced Management: 857's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: 857'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: Insufficient data to determine if 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

PetroChina Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: PetroChina Company Limited
  • Ticker: 857
  • Exchange: SEHK
  • Founded: 1999
  • Industry: Integrated Oil and Gas
  • Sector: Energy
  • Implied Market Cap: HK$1.102t
  • Shares outstanding: 183.02b
  • Website: https://www.petrochina.com.cn

Number of Employees


Location

  • PetroChina Company Limited
  • 9 Dongzhimen North Street
  • Dongcheng District
  • Beijing
  • 100007
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.