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934

Sinopec Kantons Holdings SEHK:934 Stock Report

Last Price

HK$2.46

Market Cap

HK$6.1b

7D

1.2%

1Y

-13.4%

Updated

15 Aug, 2022

Data

Company Financials +
934 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends4/6

934 Stock Overview

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

Sinopec Kantons Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sinopec Kantons Holdings
Historical stock prices
Current Share PriceHK$2.46
52 Week HighHK$3.34
52 Week LowHK$2.34
Beta0.29
1 Month Change-1.60%
3 Month Change-6.11%
1 Year Change-13.38%
3 Year Change-20.65%
5 Year Change-45.58%
Change since IPO125.69%

Recent News & Updates

Shareholder Returns

934HK Oil and GasHK Market
7D1.2%5.1%0.3%
1Y-13.4%18.9%-21.6%

Return vs Industry: 934 underperformed the Hong Kong Oil and Gas industry which returned 18.9% over the past year.

Return vs Market: 934 exceeded the Hong Kong Market which returned -21.6% over the past year.

Price Volatility

Is 934's price volatile compared to industry and market?
934 volatility
934 Average Weekly Movement2.9%
Oil and Gas Industry Average Movement7.9%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.7%
10% least volatile stocks in HK Market3.2%

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

Volatility Over Time: 934's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998231n/ahttps://www.sinopec.com.hk

Sinopec Kantons Holdings Limited, an investment holding company, provides crude oil jetty services. It operates through two segments, Crude Oil Jetty and Storage Services; and Vessel Chartering and Logistics Services. The company offers crude oil transportation, unloading, storage, and other jetty services for oil tankers in the People’s Republic of China (PRC), Europe, and the Middle East; and vessel chartering services for liquefied natural gas transportation in the PRC, Australia, and the Papua New Guinea.

Sinopec Kantons Holdings Fundamentals Summary

How do Sinopec Kantons Holdings's earnings and revenue compare to its market cap?
934 fundamental statistics
Market CapHK$6.12b
Earnings (TTM)HK$1.05b
Revenue (TTM)HK$636.52m

5.8x

P/E Ratio

9.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
934 income statement (TTM)
RevenueHK$636.52m
Cost of RevenueHK$353.25m
Gross ProfitHK$283.26m
Other Expenses-HK$767.13m
EarningsHK$1.05b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.42
Gross Margin44.50%
Net Profit Margin165.02%
Debt/Equity Ratio0%

How did 934 perform over the long term?

See historical performance and comparison

Dividends

8.1%

Current Dividend Yield

47%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 934 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 934?

Other financial metrics that can be useful for relative valuation.

934 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/Revenue3.1x
Enterprise Value/EBITDA6.7x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does 934's PE Ratio compare to its peers?

934 PE Ratio vs Peers
The above table shows the PE ratio for 934 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.7x
332 Yuan Heng Gas Holdings
44.6xn/aHK$3.3b
956 China Suntien Green Energy
6.3x15.7%HK$39.5b
681 Chinese People Holdings
2.3xn/aHK$455.7m
1621 Vico International Holdings
13.3xn/aHK$122.0m
934 Sinopec Kantons Holdings
5.8x5.5%HK$6.1b

Price-To-Earnings vs Peers: 934 is good value based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (16.7x).


Price to Earnings Ratio vs Industry

How does 934's PE Ratio compare vs other companies in the HK Oil and Gas Industry?

Price-To-Earnings vs Industry: 934 is expensive based on its Price-To-Earnings Ratio (5.8x) compared to the Hong Kong Oil and Gas industry average (5.7x)


Price to Earnings Ratio vs Fair Ratio

What is 934'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.

934 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.8x
Fair PE Ratio8.1x

Price-To-Earnings vs Fair Ratio: 934 is good value based on its Price-To-Earnings Ratio (5.8x) compared to the estimated Fair Price-To-Earnings Ratio (8.1x).


Share Price vs Fair Value

What is the Fair Price of 934 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 934 (HK$2.46) is trading above our estimate of fair value (HK$0.05)

Significantly Below Fair Value: 934 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 934's forecast earnings growth (5.5% per year) is above the savings rate (1.6%).

Earnings vs Market: 934's earnings (5.5% per year) are forecast to grow slower than the Hong Kong market (16.8% per year).

High Growth Earnings: 934's earnings are forecast to grow, but not significantly.

Revenue vs Market: 934's revenue is expected to decline over the next 3 years (-0.6% per year).

High Growth Revenue: 934's revenue is forecast to decline over the next 3 years (-0.6% 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 (6.7%).


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Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


0.7%

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 lower than last year .


Past Earnings Growth Analysis

Earnings Trend: 934's earnings have grown by 0.7% per year over the past 5 years.

Accelerating Growth: 934's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 934 had negative earnings growth (-17.1%) over the past year, making it difficult to compare to the Oil and Gas industry average (62.1%).


Return on Equity

High ROE: 934's Return on Equity (6.8%) is considered low.


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Financial Health

How is Sinopec Kantons Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 934's short term assets (HK$5.8B) exceed its short term liabilities (HK$239.2M).

Long Term Liabilities: 934's short term assets (HK$5.8B) exceed its long term liabilities (HK$208.1M).


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 58.5%.

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


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


8.13%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 934's dividend (8.13%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.85%).

High Dividend: 934's dividend (8.13%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.26%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (47.3%), 934's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (419.5%), 934's dividend payments are not well covered by cash flows.


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Management

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

2.4yrs

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 considered experienced (2.4 years average tenure).


Board Members

Experienced Board: 934's board of directors are not considered experienced ( 2.4 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 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
  • Implied Market Cap: HK$6.116b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2021/12/31
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.