NasdaqCM:PME

Stock Analysis Report

Executive Summary

Pingtan Marine Enterprise Ltd., through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., engages in the ocean fishing business.

Snowflake

Fundamentals

Fair value with moderate growth potential.

Share Price & News

How has Pingtan Marine Enterprise's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.2%

PME

-1.0%

US Food

1.0%

US Market


1 Year Return

16.1%

PME

0.07%

US Food

8.0%

US Market

Return vs Industry: PME exceeded the US Food industry which returned 0.1% over the past year.

Return vs Market: PME exceeded the US Market which returned 8% over the past year.


Shareholder returns

PMEIndustryMarket
7 Day-5.2%-1.0%1.0%
30 Day-5.6%-3.2%-0.07%
90 Day-23.5%-2.6%-1.0%
1 Year16.1%16.1%3.0%0.07%10.4%8.0%
3 Year134.4%127.0%-3.2%-11.7%46.2%36.7%
5 Year49.8%39.3%42.3%25.3%64.3%46.2%

Price Volatility Vs. Market

How volatile is Pingtan Marine Enterprise's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pingtan Marine Enterprise undervalued compared to its fair value and its price relative to the market?

13.01x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: PME is good value based on its PE Ratio (13x) compared to the Food industry average (25.5x).

PE vs Market: PME is good value based on its PE Ratio (13x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PME is good value based on its PB Ratio (1.2x) compared to the US Food industry average (2.1x).


Next Steps

Future Growth

How is Pingtan Marine Enterprise forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PME's forecast earnings growth (9.3% per year) is above the savings rate (2.7%).

Earnings vs Market: PME's earnings (9.3% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: PME's earnings are forecast to grow, but not significantly.

Revenue vs Market: PME's revenue (68.4% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: PME's revenue (68.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PME's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Pingtan Marine Enterprise performed over the past 5 years?

-39.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PME's earnings have declined by -39.6% per year over the past 5 years.

Accelerating Growth: PME's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PME had negative earnings growth (-15.9%) over the past year, making it difficult to compare to the Food industry average (-24%).


Return on Equity

High ROE: PME's Return on Equity (8.8%) is considered low.


Return on Assets

ROA vs Industry: PME's Return on Assets is below or equal to the Food industry average last year.


Return on Capital Employed

ROCE Improving: PME's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Pingtan Marine Enterprise's financial position?


Financial Position Analysis

Short Term Liabilities: PME's short term assets ($57.7M) do not cover its short term liabilities ($104.0M)

Long Term Liabilities: PME's short term assets (57.7M) do not cover its long term liabilities (103.2M)


Debt to Equity History and Analysis

Debt Level: PME's debt to equity ratio (84.2%) is considered high

Reducing Debt: PME's debt to equity ratio has reduced from 90.8% to 84.2% over the past 5 years.

Debt Coverage: PME's debt is well covered by operating cash flow (38.2%).

Interest Coverage: PME's interest payments on its debt are well covered by EBIT (9.1x coverage).


Balance Sheet

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

Debt Coverage by Assets: PME's debt is not covered by short term assets (assets are 0.4x debt).


Next Steps

Dividend

What is Pingtan Marine Enterprise's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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


Current Payout to Shareholders

Dividend Coverage: PME is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PME'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 Pingtan Marine Enterprise's salary, the management and board of directors tenure and is there insider trading?

6.7yrs

Average board tenure


CEO

Xinrong Zhuo (55yo)

9.2yrs

Tenure

US$39,791

Compensation

Mr. Xinrong Zhuo has been the Chairman of the Board and Chief Executive Officer of Pingtan Marine Enterprise Ltd. since February 2013. Mr. Zhuo has been the Chief Executive Officer of China Dredging Group  ...


CEO Compensation Analysis

Compensation vs. Market: Xinrong's total compensation ($USD39.79K) is too low to compare against companies of similar size in the US market ($USD1.18M).

Compensation vs Earnings: Xinrong's compensation has been consistent with company performance over the past year.


Board Age and Tenure

6.7yrs

Average Tenure

56yo

Average Age

Experienced Board: PME's board of directors are considered experienced (6.7 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

  • Roy Yu (37yo)

    CFO & Secretary

    • Tenure: 6.5yrs
    • Compensation: US$260.00k
  • Xinrong Zhuo (55yo)

    Chairman & CEO

    • Tenure: 9.2yrs
    • Compensation: US$39.79k

Board Members

  • Xinrong Zhuo (55yo)

    Chairman & CEO

    • Tenure: 9.2yrs
    • Compensation: US$39.79k
  • Zengbiao Zhu (70yo)

    Independent Director

    • Tenure: 6.7yrs
  • Lin Bao (59yo)

    Director

    • Tenure: 6.7yrs
  • Xing Lin (56yo)

    Independent Director

    • Tenure: 4.7yrs
  • Lin Lin (45yo)

    Independent Director

    • Tenure: 4.7yrs

Company Information

Pingtan Marine Enterprise Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pingtan Marine Enterprise Ltd.
  • Ticker: PME
  • Exchange: NasdaqCM
  • Founded:
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: US$159.691m
  • Shares outstanding: 79.06m
  • Website: https://www.ptmarine.com

Number of Employees


Location

  • Pingtan Marine Enterprise Ltd.
  • Zhongshan Building A
  • 18th-19th Floors
  • Fuzhou
  • Fujian Province
  • 350001
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PMENasdaqCM (Nasdaq Capital Market)YesOrdinary SharesUSUSDFeb 2013
2P5DB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2013

Biography

Pingtan Marine Enterprise Ltd., through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., engages in the ocean fishing business. The company harvests a range of fish species,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:32
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.