OTCPK:PMEH.F

Stock Analysis Report

Primeline Energy Holdings

Executive Summary

Primeline Energy Holdings Inc. engages in the exploration, development, and production of offshore oil and gas properties in the People’s Republic of China.

Snowflake

Fundamentals

Slightly overvalued with imperfect balance sheet.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

PMEH.F

1.0%

US Oil and Gas

0.07%

US Market


1 Year Return

n/a

PMEH.F

-16.7%

US Oil and Gas

8.9%

US Market

Return vs Industry: Insufficient data to determine how PMEH.F performed against the US Oil and Gas industry.

Return vs Market: Insufficient data to determine how PMEH.F performed against the US Market.


Shareholder returns

PMEH.FIndustryMarket
7 Day0%1.0%0.07%
30 Day0%-4.3%-0.3%
90 Dayn/a-7.3%-1.6%
1 Yearn/a-13.5%-16.7%11.3%8.9%
3 Yearn/a-5.8%-14.4%46.3%36.8%
5 Year-95.8%-95.8%-23.1%-34.1%62.1%44.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Primeline Energy Holdings 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: PMEH.F ($0.02) is trading below our estimate of fair value ($0.25)

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


Price To Earnings Ratio

PE vs Industry: PMEH.F is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: PMEH.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PMEH.F has negative assets, so we can't compare its PB Ratio to the US Oil and Gas industry average.


Next Steps

Future Growth

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

14.6%

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 Primeline 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 Primeline Energy Holdings performed over the past 5 years?

-18.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PMEH.F is unprofitable, and losses have increased over the past 5 years at a rate of -18.9% per year.

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

Earnings vs Industry: PMEH.F is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (20.6%).


Return on Equity

High ROE: PMEH.F's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: PMEH.F is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: PMEH.F is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Primeline Energy Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: PMEH.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: PMEH.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: PMEH.F has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: PMEH.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: PMEH.F has a high level of physical assets or inventory.

Debt Coverage by Assets: PMEH.F has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable PMEH.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PMEH.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.9% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if PMEH.F'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 PMEH.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Primeline Energy Holdings's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Andrew Biggs (69yo)

0.6yrs

Tenure

CN¥323,378

Compensation

Mr. Andrew Biggs has been Senior Vice President and General Counsel at Primeline Energy Holdings, Inc. since April 01, 2010, Company Secretary since June 19, 2013 and as it's Chief Executive Officer since  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Andrew's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Andrew's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.3yrs

Average Tenure

68yo

Average Age

Experienced Management: PMEH.F's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

24.3yrs

Average Tenure

64yo

Average Age

Experienced Board: PMEH.F's board of directors are seasoned and experienced ( 24.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Victor Yiou (65yo)

    Chairman & President

    • Tenure: 0yrs
  • Andrew Biggs (69yo)

    Senior VP

    • Tenure: 0.6yrs
    • Compensation: CN¥323.38k
  • Brian Thurley (68yo)

    Technical Director

    • Tenure: 3.1yrs
  • Alan Soulsby

    Senior Consultant

    • Tenure: 0yrs
  • John Li

    Interim Chief Financial Officer

    • Tenure: 2.3yrs
    • Compensation: CN¥7.16k

Board Members

  • Victor Yiou (65yo)

    Chairman & President

    • Tenure: 0yrs
  • Peter Kelty

    Non-Executive Director

    • Tenure: 24.3yrs
    • Compensation: CN¥25.00k
  • Ming Guang

    Director

    • Tenure: 19.3yrs
    • Compensation: CN¥518.33k
  • Alan Johnson

    Non-Executive Director

    • Tenure: 24.5yrs
    • Compensation: CN¥25.00k
  • Vincent Lien (58yo)

    Non-Executive Director

    • Tenure: 6.5yrs
    • Compensation: CN¥25.00k
  • Brian Chan (64yo)

    Director

    • Tenure: 24.5yrs

Company Information

Primeline Energy Holdings Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Primeline Energy Holdings Inc.
  • Ticker: PMEH.F
  • Exchange: OTCPK
  • Founded: 1993
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$8.342m
  • Listing Market Cap: CA$6.375m
  • Shares outstanding: 208.56m
  • Website: https://www.primelineenergy.com

Number of Employees


Location

  • Primeline Energy Holdings Inc.
  • Hong Kong Parkview
  • 88, Tai Tam Reservoir Road
  • Hong Kong
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PEHTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1988
P7KDB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988
PMEH.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988

Biography

Primeline Energy Holdings Inc. engages in the exploration, development, and production of offshore oil and gas properties in the People’s Republic of China. The company has 100% contractor’s interest in th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:25
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.