SEHK:8117

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China Primary Energy Holdings

Executive Summary

China Primary Energy Holdings Limited, an investment holding company, primarily engages in the transmission and distribution of natural gas in the People’s Republic of China and Hong Kong.


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has China Primary Energy Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8117's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

17.4%

8117

-0.8%

HK Gas Utilities

3.0%

HK Market


1 Year Return

-45.4%

8117

-19.6%

HK Gas Utilities

-0.9%

HK Market

Return vs Industry: 8117 underperformed the Hong Kong Gas Utilities industry which returned -18.7% over the past year.

Return vs Market: 8117 underperformed the Hong Kong Market which returned 0.6% over the past year.


Shareholder returns

8117IndustryMarket
7 Day17.4%-0.8%3.0%
30 Day8.4%-5.0%6.1%
90 Day-29.0%-1.9%12.1%
1 Year-45.4%-45.4%-17.5%-19.6%3.1%-0.9%
3 Year-84.0%-84.0%16.9%9.3%7.1%-4.4%
5 Year-89.1%-89.1%36.0%22.3%8.7%-9.4%

Price Volatility Vs. Market

How volatile is China Primary Energy Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China Primary Energy Holdings undervalued compared to its fair value and its price relative to the market?

6.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 8117's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 8117's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8117 is good value based on its PE Ratio (6.2x) compared to the HK Gas Utilities industry average (15.6x).

PE vs Market: 8117 is good value based on its PE Ratio (6.2x) compared to the Hong Kong market (10.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8117's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8117 is good value based on its PB Ratio (0.4x) compared to the HK Gas Utilities industry average (1.5x).


Next Steps

Future Growth

How is China Primary Energy Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.5%

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 Primary Energy Holdings 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.


Next Steps

Past Performance

How has China Primary Energy Holdings performed over the past 5 years?

44.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8117 has a large one-off gain of HK$56.1M impacting its March 31 2020 financial results.

Growing Profit Margin: 8117 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 8117 has become profitable over the past 5 years, growing earnings by 44.7% per year.

Accelerating Growth: 8117 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 8117 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Gas Utilities industry (6.9%).


Return on Equity

High ROE: 8117's Return on Equity (5.9%) is considered low.


Next Steps

Financial Health

How is China Primary Energy Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8117's short term assets (HK$257.2M) exceed its short term liabilities (HK$209.3M).

Long Term Liabilities: 8117's short term assets (HK$257.2M) exceed its long term liabilities (HK$61.9M).


Debt to Equity History and Analysis

Debt Level: 8117's debt to equity ratio (25.7%) is considered satisfactory.

Reducing Debt: 8117's debt to equity ratio has increased from 15.6% to 25.7% over the past 5 years.

Debt Coverage: 8117's debt is well covered by operating cash flow (25.6%).

Interest Coverage: Insufficient data to determine if 8117's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is China Primary Energy Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 8117's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 8117's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 8117's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8117's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8117's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

12.4yrs

Average board tenure


CEO

China Primary Energy Holdings has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Zheng Ma
Executive Chairman12.67yrsHK$1.26m36.24% HK$52.7m
Pui Yiu Wong
Compliance Officer & Executive Director12.42yrsHK$712.00kno data
Tze Fan Wan
Independent Non-Executive Director16.33yrsHK$180.00kno data
Chin Keung Chung
Independent Non-Executive Director12.42yrsHK$180.00kno data
Xiao Bing Wang
Independent Non-Executive Director8.33yrsHK$180.00kno data
Jianghua Ji
Non-Executive Director2.08yrsHK$180.00kno data

12.4yrs

Average Tenure

53yo

Average Age

Experienced Board: 8117's board of directors are seasoned and experienced ( 12.4 years average tenure).


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

China Primary Energy Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Primary Energy Holdings Limited
  • Ticker: 8117
  • Exchange: SEHK
  • Founded: 2001
  • Industry: Gas Utilities
  • Sector: Utilities
  • Market Cap: HK$145.406m
  • Shares outstanding: 1.02b
  • Website: https://china-p-energy.etnet.com.hk

Number of Employees


Location

  • China Primary Energy Holdings Limited
  • Ocean Centre
  • Suite 701
  • Tsim Sha Tsui
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8117SEHK (The Stock Exchange of Hong Kong Ltd.)HKD0.0625HKHKDNo data
8117SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2001

Biography

China Primary Energy Holdings Limited, an investment holding company, primarily engages in the transmission and distribution of natural gas in the People’s Republic of China and Hong Kong. The company operates through three segments: Transmission and Distribution of Natural Gas, Trading of Electronic Components, and Property Investment. It also engages in the development and use of energy technology, as well as provides promotion and technical consulting services. In addition, the company trades in composite materials. The company was formerly known as China Primary Resources Holdings Limited. China Primary Energy Holdings Limited was incorporated in 2001 and is headquartered in Tsim Sha Tsui, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/10 12:43
End of Day Share Price2020/07/09 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.