How does 1921's PS Ratio compare to its peers?

1921 is expensive based on its Price-To-Sales Ratio (3.7x) compared to the peer average (0.5x).

How does 1921's PS Ratio compare vs other companies in the Asian Energy Services Industry?

1921 is expensive based on its Price-To-Sales Ratio (3.7x) compared to the Asian Energy Services industry average (1.2x).

What is 1921's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 1921's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of 1921 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

1921 (HK$8.68) is trading above our estimate of [[fair value]] (HK$0)

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

Insufficient data to show price forecast.

1921 Stock Overview

An investment holding company, supplies application equipment for energy development in the People’s Republic of China and internationally. More details

1921 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	1/6
Financial Health	2/6
Dividends	0/6

Risk Analysis

Interest payments are not well covered by earnings

Earnings have declined by 15.3% per year over past 5 years

Volatile share price over the past 3 months compared to the Hong Kong market

Profit margins (0.2%) are lower than last year (4.1%)

My Notes

Capture your thoughts, links and company narrative

Dalipal Holdings Limited Competitors

Sinopec Oilfield Service

SEHK:1033

HK$33.9b

Anton Oilfield Services Group

SEHK:3337

HK$1.7b

China Leon Inspection Holding

SEHK:1586

HK$1.2b

Jutal Offshore Oil Services

SEHK:3303

HK$1.5b

Price History & Performance

Summary of share price highs, lows and changes for Dalipal Holdings
Historical stock prices
Current Share Price	HK$8.68
52 Week High	HK$9.35
52 Week Low	HK$3.47
Beta	0.26
1 Month Change	20.89%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	137.81%

Recent updates

Shareholder Returns

	1921	HK Energy Services	HK Market
7D	7.8%	-1.4%	-0.5%
1Y	n/a	2.9%	19.9%

Return vs Industry: Insufficient data to determine how 1921 performed against the Hong Kong Energy Services industry.

Return vs Market: Insufficient data to determine how 1921 performed against the Hong Kong Market.

Price Volatility

Is 1921's price volatile compared to industry and market?
1921 volatility
1921 Average Weekly Movement	18.1%
Energy Services Industry Average Movement	12.4%
Market Average Movement	8.8%
10% most volatile stocks in HK Market	18.6%
10% least volatile stocks in HK Market	4.1%

Stable Share Price: 1921's share price has been volatile over the past 3 months compared to the Hong Kong market.

Volatility Over Time: Insufficient data to determine 1921's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1998	1,774	Hongyao Zhang	www.dalipal.com

Dalipal Holdings Limited, an investment holding company, supplies application equipment for energy development in the People’s Republic of China and internationally. It develops, manufactures, and sells oil and gas pipes, new energy and special steel pipes, and other products. The company was founded in 1998 and is headquartered in Cangzhou, the People’s Republic of China.

Dalipal Holdings Limited Fundamentals Summary

How do Dalipal Holdings's earnings and revenue compare to its market cap?
1921 fundamental statistics
Market cap	HK$13.05b
Earnings (TTM)	HK$8.57m
Revenue (TTM)	HK$3.52b

1,522x

P/E Ratio

3.7x

P/S Ratio

Is 1921 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1921 income statement (TTM)
Revenue	CN¥3.30b
Cost of Revenue	CN¥2.93b
Gross Profit	CN¥369.51m
Other Expenses	CN¥361.47m
Earnings	CN¥8.04m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.0054
Gross Margin	11.19%
Net Profit Margin	0.24%
Debt/Equity Ratio	152.4%

How did 1921 perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

663%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 19:35
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Dalipal Holdings Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution

Dalipal Holdings SHSC:1921 Stock Report