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C9Q

Sinostar PEC Holdings SGX:C9Q Stock Report

Last Price

S$0.23

Market Cap

S$150.4m

7D

-2.1%

1Y

-36.5%

Updated

15 May, 2022

Data

Company Financials
C9Q fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

C9Q Stock Overview

Sinostar PEC Holdings Limited, an investment holding company, produces and supplies petrochemical products in the People’s Republic of China.

Sinostar PEC Holdings Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Sinostar PEC Holdings
Historical stock prices
Current Share PriceS$0.23
52 Week HighS$0.49
52 Week LowS$0.21
Beta0.76
1 Month Change-9.62%
3 Month Change-16.07%
1 Year Change-36.49%
3 Year Change23.04%
5 Year Change-2.08%
Change since IPO-59.13%

Recent News & Updates

Mar 08
We Like The Quality Of Sinostar PEC Holdings' (SGX:C9Q) Earnings

We Like The Quality Of Sinostar PEC Holdings' (SGX:C9Q) Earnings

Sinostar PEC Holdings Limited's ( SGX:C9Q ) recent earnings report didn't offer any surprises, with the shares...

Shareholder Returns

C9QSG Oil and GasSG Market
7D-2.1%-7.9%-3.0%
1Y-36.5%81.3%-0.06%

Return vs Industry: C9Q underperformed the SG Oil and Gas industry which returned 81.3% over the past year.

Return vs Market: C9Q underperformed the SG Market which returned -0.1% over the past year.

Price Volatility

Is C9Q's price volatile compared to industry and market?
C9Q volatility
C9Q Average Weekly Movement9.1%
Oil and Gas Industry Average Movement10.0%
Market Average Movement5.2%
10% most volatile stocks in SG Market12.0%
10% least volatile stocks in SG Market2.4%

Stable Share Price: C9Q is more volatile than 75% of SG stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: C9Q's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of SG stocks.

About the Company

FoundedEmployeesCEOWebsite
2006562Xiang Ping Lihttps://www.sinostar-pec.com

Sinostar PEC Holdings Limited, an investment holding company, produces and supplies petrochemical products in the People’s Republic of China. The company operates in two segments, Gas Separation, and Transport and Logistic Services. It offers processed liquefied petroleum gas (LPG), which is used as a source of fuel by households and industrial manufacturers; propylene, an organic compound to produce chemical intermediates, such as polypropylene and polyvinyl chloride; polypropylene, a thermoplastic polymer under the Hengchang brand that is used to produce plastic products for various industrial applications; purified isobutylene for use in the preparation of butyl rubber, antioxidants, tertiary butylphenol, etc.; methyl tert-butyl ether that is used as the oxygenated additive in petrol; and hydrogen.

Sinostar PEC Holdings Fundamentals Summary

How do Sinostar PEC Holdings's earnings and revenue compare to its market cap?
C9Q fundamental statistics
Market CapCN¥732.64m
Earnings (TTM)CN¥237.42m
Revenue (TTM)CN¥4.72b

3.1x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
C9Q income statement (TTM)
RevenueCN¥4.72b
Cost of RevenueCN¥4.24b
Gross ProfitCN¥478.40m
Other ExpensesCN¥240.97m
EarningsCN¥237.42m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.37
Gross Margin10.14%
Net Profit Margin5.03%
Debt/Equity Ratio72.9%

How did C9Q perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

8%

Payout Ratio

Valuation

Is Sinostar PEC Holdings undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: C9Q (SGD0.24) is trading below our estimate of fair value (SGD2.36)

Significantly Below Fair Value: C9Q is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: C9Q is good value based on its PE Ratio (3.1x) compared to the SG Oil and Gas industry average (6.1x).

PE vs Market: C9Q is good value based on its PE Ratio (3.1x) compared to the SG market (11.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate C9Q's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: C9Q's PB Ratio (0.6x) is in line with the SG Oil and Gas industry average.


Future Growth

How is Sinostar PEC Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.7%

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 Sinostar PEC 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.


Past Performance

How has Sinostar PEC Holdings performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


29.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: C9Q has high quality earnings.

Growing Profit Margin: C9Q's current net profit margins (5%) are higher than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: C9Q's earnings have grown significantly by 29% per year over the past 5 years.

Accelerating Growth: C9Q's earnings growth over the past year (49.7%) exceeds its 5-year average (29% per year).

Earnings vs Industry: C9Q earnings growth over the past year (49.7%) underperformed the Oil and Gas industry 104.2%.


Return on Equity

High ROE: C9Q's Return on Equity (20.3%) is considered high.


Financial Health

How is Sinostar PEC Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: C9Q's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥570.7M).

Long Term Liabilities: C9Q's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥873.9M).


Debt to Equity History and Analysis

Debt Level: C9Q's net debt to equity ratio (26.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if C9Q's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: C9Q's debt is well covered by operating cash flow (52.6%).

Interest Coverage: C9Q's interest payments on its debt are well covered by EBIT (10.4x coverage).


Balance Sheet


Dividend

What is Sinostar PEC Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.51%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: C9Q's dividend (2.51%) is higher than the bottom 25% of dividend payers in the SG market (2.22%).

High Dividend: C9Q's dividend (2.51%) is low compared to the top 25% of dividend payers in the SG market (5.91%).


Stability and Growth of Payments

Stable Dividend: C9Q has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: C9Q's dividend payments have increased, but the company has only paid a dividend for 6 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (7.6%), C9Q's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (3.4%), C9Q's dividend payments are thoroughly covered by cash flows.


Next Steps

Management

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

5.6yrs

Average management tenure


CEO

Xiang Ping Li (60 yo)

1.08yrs

Tenure

Mr. Xiang Ping Li served as an Accountant of Dongming County Medicine Company since joining in 1983. Mr. Li served at Dongming County Audit Bureau as Deputy Bureau Officer since 1986, where he managed Inte...


Leadership Team

Experienced Management: C9Q's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: C9Q's board of directors are not considered experienced ( 1 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

Sinostar PEC Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Sinostar PEC Holdings Limited
  • Ticker: C9Q
  • Exchange: SGX
  • Founded: 2006
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Implied Market Cap: S$150.400m
  • Shares outstanding: 640.00m
  • Website: https://www.sinostar-pec.com

Number of Employees


Location

  • Sinostar PEC Holdings Limited
  • 27 Huanghe Road
  • Dongming
  • Shandong Province
  • 274500
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 00:00
End of Day Share Price2022/05/13 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.