SGX:C13

Stock Analysis Report

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Executive Summary

CH Offshore Ltd., an investment holding company, provides marine support services to the offshore oil and gas industry. More Details


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has CH Offshore's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine C13's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine C13's volatility change over the past year.


Market Performance


7 Day Return

-7.7%

C13

1.6%

SG Energy Services

1.4%

SG Market


1 Year Return

-34.5%

C13

-26.2%

SG Energy Services

-10.9%

SG Market

Return vs Industry: C13 underperformed the SG Energy Services industry which returned -26.2% over the past year.

Return vs Market: C13 underperformed the SG Market which returned -10.9% over the past year.


Shareholder returns

C13IndustryMarket
7 Day-7.7%1.6%1.4%
30 Day38.5%6.8%5.1%
90 Dayn/a13.0%17.2%
1 Year-34.5%-34.5%-25.8%-26.2%-6.1%-10.9%
3 Year-85.0%-85.0%-51.4%-52.0%-9.4%-20.5%
5 Year-89.8%-90.4%-70.7%-71.5%27.3%3.9%

Long-Term Price Volatility Vs. Market

How volatile is CH Offshore's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CH Offshore 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: C13 (SGD0.04) is trading below our estimate of fair value (SGD0.24)

Significantly Below Fair Value: C13 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: C13 is unprofitable, so we can't compare its PE Ratio to the SG Energy Services industry average.

PE vs Market: C13 is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate C13's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: C13 is good value based on its PB Ratio (0.3x) compared to the SG Energy Services industry average (0.4x).


Next Steps

Future Growth

How is CH Offshore forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.7%

Forecasted Energy 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 CH Offshore 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 CH Offshore performed over the past 5 years?

-55.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: C13 is currently unprofitable.

Growing Profit Margin: C13 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: C13 is unprofitable, and losses have increased over the past 5 years at a rate of 55.9% per year.

Accelerating Growth: Unable to compare C13's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: C13 is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (2.9%).


Return on Equity

High ROE: C13 has a negative Return on Equity (-11.71%), as it is currently unprofitable.


Next Steps

Financial Health

How is CH Offshore's financial position?


Financial Position Analysis

Short Term Liabilities: C13's short term assets ($22.6M) exceed its short term liabilities ($16.9M).

Long Term Liabilities: C13's short term assets ($22.6M) exceed its long term liabilities ($5.8M).


Debt to Equity History and Analysis

Debt Level: C13's debt to equity ratio (10.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if C13's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: C13's debt is well covered by operating cash flow (43.9%).

Interest Coverage: Insufficient data to determine if C13's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is CH Offshore current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate C13's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate C13'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 C13's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if C13's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: C13 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of C13's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

2.4yrs

Average board tenure


CEO

Benety Chang (73 yo)

2.33yrs

Tenure

Dr. Benety Chang serves as Chief Executive Officer and Executive Director of CH Offshore Ltd since September 1, 2018 and served as its Non-Executive Director since August 27, 2018. Dr. Chang serves as the ...


Board Members

NamePositionTenureCompensationOwnership
Benety Chang
CEO & Executive Director2.33yrsno datano data
Peng Heok Thia
Non-Executive Independent Chairman & Lead Independent Director2.42yrsno datano data
Kiang Kherng Tan
Non-Executive Director2.42yrsno datano data
Pong Tyea Tan
Non Executive Director10.58yrsno datano data
Kian Huay Tan
Non-Executive Independent Director5.83yrsno datano data
Jeanette Chang
Non-Executive Director2.42yrsno datano data

2.4yrs

Average Tenure

61yo

Average Age

Experienced Board: C13'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

CH Offshore Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CH Offshore Ltd.
  • Ticker: C13
  • Exchange: SGX
  • Founded: 1976
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: S$25.376m
  • Shares outstanding: 704.89m
  • Website: https://www.choffshore.com.sg

Number of Employees


Location

  • CH Offshore Ltd.
  • 12A Jalan Samulun
  • Singapore
  • 629131
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
C13SGX (Singapore Exchange)YesOrdinary SharesSGSGDFeb 2003

Biography

CH Offshore Ltd., an investment holding company, provides marine support services to the offshore oil and gas industry. It is involved in the ownership and chartering of vessels. The company provides vario...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 11:10
End of Day Share Price2021/01/11 00:00
Earnings2020/06/30
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.