China Oil And Gas Group Limited, an investment holding company, primarily invests in energy related businesses in the People’s Republic of China and Canada.
Undervalued with proven track record.
Share Price & News
How has China Oil And Gas Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 603's share price has been volatile over the past 3 months.
7 Day Return
HK Gas Utilities
1 Year Return
HK Gas Utilities
Return vs Industry: 603 underperformed the Hong Kong Gas Utilities industry which returned -21.6% over the past year.
Return vs Market: 603 underperformed the Hong Kong Market which returned -22.7% over the past year.
Price Volatility Vs. Market
How volatile is China Oil And Gas Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StDo Directors Own China Oil And Gas Group Limited (HKG:603) Shares?
3 weeks ago | Simply Wall StIs China Oil And Gas Group Limited's (HKG:603) P/E Ratio Really That Good?
1 month ago | Simply Wall StDid Changing Sentiment Drive China Oil And Gas Group's (HKG:603) Share Price Down A Painful 74%?
Is China Oil And Gas Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 603 (HK$0.25) is trading below our estimate of fair value (HK$0.87)
Significantly Below Fair Value: 603 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 603 is good value based on its PE Ratio (3.7x) compared to the Gas Utilities industry average (15.4x).
PE vs Market: 603 is good value based on its PE Ratio (3.7x) compared to the Hong Kong market (8.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 603's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 603 is good value based on its PB Ratio (0.4x) compared to the HK Gas Utilities industry average (1x).
How is China Oil And Gas Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Utilities 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 China Oil And Gas 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.
- Examine whether China Oil And Gas Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- China Oil And Gas Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Utilities industry.
How has China Oil And Gas Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 603 has high quality earnings.
Growing Profit Margin: 603's current net profit margins (3.2%) are higher than last year (3%).
Past Earnings Growth Analysis
Earnings Trend: 603's earnings have grown significantly by 21.7% per year over the past 5 years.
Accelerating Growth: 603's earnings growth over the past year (17.4%) is below its 5-year average (21.7% per year).
Earnings vs Industry: 603 earnings growth over the past year (17.4%) exceeded the Gas Utilities industry 9.3%.
Return on Equity
High ROE: 603's Return on Equity (12.1%) is considered low.
How is China Oil And Gas Group's financial position?
Financial Position Analysis
Short Term Liabilities: 603's short term assets (HK$4.9B) exceed its short term liabilities (HK$4.5B).
Long Term Liabilities: 603's short term assets (HK$4.9B) do not cover its long term liabilities (HK$5.9B).
Debt to Equity History and Analysis
Debt Level: 603's debt to equity ratio (106.3%) is considered high.
Reducing Debt: 603's debt to equity ratio has increased from 95.1% to 106.3% over the past 5 years.
Debt Coverage: 603's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: 603's interest payments on its debt are well covered by EBIT (8.5x coverage).
Inventory Level: 603 has a high level of physical assets or inventory.
Debt Coverage by Assets: 603's debt is not covered by short term assets (assets are 0.7x debt).
What is China Oil And Gas Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 603's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 603's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 603's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 603's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 603 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 603's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Tie-liang Xu (55yo)
Mr. Tie-liang Xu has been the Chief Executive Officer of China Oil And Gas Group Limited since November 4, 2009 and also has been its Executive Chairman since August 30, 2006. Mr. Xu has 29 years’ experien ...
CEO Compensation Analysis
Compensation vs Market: Tie-liang's total compensation ($USD947.76K) is above average for companies of similar size in the Hong Kong market ($USD232.34K).
Compensation vs Earnings: Tie-liang's compensation has been consistent with company performance over the past year.
|Executive Chairman & CEO||10.25yrs||HK$7.35m||30.34% HK$340.8m|
|VP & Executive Director||9.42yrs||HK$1.31m||no data|
|Executive Director||1.67yrs||HK$1.48m||0.013% HK$150.5k|
|Independent Non-Executive Director||2.83yrs||HK$120.00k||no data|
|Independent Non-Executive Director||10.25yrs||HK$120.00k||no data|
|Independent Non Executive Director||11.83yrs||HK$120.00k||no data|
Experienced Board: 603's board of directors are considered experienced (9.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
China Oil And Gas Group Limited's company bio, employee growth, exchange listings and data sources
- Name: China Oil And Gas Group Limited
- Ticker: 603
- Exchange: SEHK
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: HK$1.123b
- Shares outstanding: 4.93b
- Website: https://www.hk603.com
Number of Employees
- China Oil And Gas Group Limited
- Sino Plaza
- Suite 2805
- Causeway Bay
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GPI1||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Aug 1993|
|603||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Aug 1993|
|CLSZ.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Aug 1993|
China Oil And Gas Group Limited, an investment holding company, primarily invests in energy related businesses in the People’s Republic of China and Canada. The company operates in three segments: Sales and Distribution of Natural Gas and Other Related Products; Gas Pipeline Construction and Connection; and Exploitation and Production of Crude Oil and Natural Gas. It is involved in the piped city gas business, as well as design and construction of gas pipelines; and the transportation, distribution, and sale of compressed natural gas and liquefied natural gas. The company also develops, produces, and sells crude oil and gas, and other upstream energy resources; and provides construction and connection services of gas pipelines. In addition, it operates natural gas stations for automobiles. The company serves approximately 1,343,844 residential users; and 11,812 industrial and commercial users. China Oil And Gas Group Limited is headquartered in Causeway Bay, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 12:48|
|End of Day Share Price||2020/03/31 00:00|
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.