NOT FOR DISTRIBUTION
Header cover image

Sinopec Kantons Holdings

Market Cap

HK$7.4b

Last Updated

2021/05/15 10:23 UTC

Data Sources

Company Financials +

Executive Summary

Sinopec Kantons Holdings Limited, an investment holding company, provides crude oil jetty services. More Details


Snowflake Analysis

Flawless balance sheet 6 star dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 934 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 934's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0%

934

-1.0%

HK Oil and Gas

-1.9%

HK Market


1 Year Return

2.0%

934

21.6%

HK Oil and Gas

24.4%

HK Market

Return vs Industry: 934 underperformed the Hong Kong Oil and Gas industry which returned 21.6% over the past year.

Return vs Market: 934 underperformed the Hong Kong Market which returned 24.4% over the past year.


Shareholder returns

934IndustryMarket
7 Day0%-1.0%-1.9%
30 Day0.7%4.7%-2.4%
90 Day3.5%17.7%-8.0%
1 Year9.2%2.0%31.1%21.6%29.1%24.4%
3 Year-13.4%-26.2%-32.1%-43.5%0.5%-10.0%
5 Year0.6%-17.2%2.9%-19.1%58.6%31.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Sinopec Kantons 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: 934 (HK$2.99) is trading below our estimate of fair value (HK$6)

Significantly Below Fair Value: 934 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 934 is good value based on its PE Ratio (5.9x) compared to the Hong Kong Oil and Gas industry average (7.7x).

PE vs Market: 934 is good value based on its PE Ratio (5.9x) compared to the Hong Kong market (11.7x).


Price to Earnings Growth Ratio

PEG Ratio: 934's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 934 is good value based on its PB Ratio (0.5x) compared to the HK Oil and Gas industry average (0.7x).


Future Growth

How is Sinopec Kantons Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 934's earnings are forecast to decline over the next 3 years (-0.2% per year).

Earnings vs Market: 934's earnings are forecast to decline over the next 3 years (-0.2% per year).

High Growth Earnings: 934's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 934's revenue (2.5% per year) is forecast to grow slower than the Hong Kong market (12.4% per year).

High Growth Revenue: 934's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 934's Return on Equity is forecast to be low in 3 years time (7.3%).


Past Performance

How has Sinopec Kantons Holdings performed over the past 5 years?

4.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 934 has high quality earnings.

Growing Profit Margin: 934's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: 934's earnings have grown by 4.1% per year over the past 5 years.

Accelerating Growth: 934's earnings growth over the past year (16.5%) exceeds its 5-year average (4.1% per year).

Earnings vs Industry: 934 earnings growth over the past year (16.5%) exceeded the Oil and Gas industry -3%.


Return on Equity

High ROE: 934's Return on Equity (8.6%) is considered low.


Financial Health

How is Sinopec Kantons Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 934's short term assets (HK$5.2B) exceed its short term liabilities (HK$1.1B).

Long Term Liabilities: 934's short term assets (HK$5.2B) exceed its long term liabilities (HK$202.1M).


Debt to Equity History and Analysis

Debt Level: 934 is debt free.

Reducing Debt: 934 has no debt compared to 5 years ago when its debt to equity ratio was 42.3%.

Debt Coverage: 934 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 934 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Sinopec Kantons Holdings's current dividend yield, its reliability and sustainability?

6.69%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 16 2021Ex Dividend DateJun 30 2021Dividend Pay DateJul 20 202120 days from Ex DividendBuy in the next 45 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 934's dividend (6.69%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.94%).

High Dividend: 934's dividend (6.69%) is in the top 25% of dividend payers in the Hong Kong market (6.02%)


Stability and Growth of Payments

Stable Dividend: 934's dividends per share have been stable in the past 10 years.

Growing Dividend: 934's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.2%), 934's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 934's dividends in 3 years are forecast to be well covered by earnings (30.4% payout ratio).


Next Steps

Management

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

1.2yrs

Average management tenure


CEO

Sinopec Kantons Holdings has no CEO, or we have no data on them.


Leadership Team

Experienced Management: 934's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: 934's board of directors are not considered experienced ( 1.2 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

Sinopec Kantons Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sinopec Kantons Holdings Limited
  • Ticker: 934
  • Exchange: SEHK
  • Founded: 1998
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: HK$7.434b
  • Shares outstanding: 2.49b
  • Website: https://www.sinopec.com.hk

Number of Employees


Location

  • Sinopec Kantons Holdings Limited
  • Citicorp Centre
  • 34th Floor
  • Causeway Bay
  • Hong Kong

Listings


Biography

Sinopec Kantons Holdings Limited, an investment holding company, provides crude oil jetty services. It operates through, Crude Oil Jetty and Storage Services; and Vessel Chartering and Logistics Services s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/15 10:23
End of Day Share Price2021/05/14 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.