NasdaqCM:PME

Stock Analysis Report

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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 Analysis

Fair value with acceptable track record.

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

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


Market Performance


7 Day Return

-3.6%

PME

-0.1%

US Food

1.3%

US Market


1 Year Return

-59.5%

PME

3.8%

US Food

14.9%

US Market

Return vs Industry: PME underperformed the US Food industry which returned 3.8% over the past year.

Return vs Market: PME underperformed the US Market which returned 14.9% over the past year.


Shareholder returns

PMEIndustryMarket
7 Day-3.6%-0.1%1.3%
30 Day-15.8%5.6%4.7%
90 Day-6.8%10.2%17.1%
1 Year-59.5%-59.5%6.4%3.8%17.3%14.9%
3 Year-74.5%-74.8%3.1%-5.5%38.9%29.9%
5 Year-22.3%-27.0%13.3%-1.8%71.3%52.8%

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?

4.98x

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 (5x) compared to the US Food industry average (23.8x).

PE vs Market: PME is good value based on its PE Ratio (5x) compared to the US market (17.8x).


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 (0.5x) compared to the US Food industry average (1.9x).


Next Steps

Future Growth

How is Pingtan Marine Enterprise forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.7%

Forecasted Food, Beverage & Tobacco 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 Pingtan Marine Enterprise 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 Pingtan Marine Enterprise performed over the past 5 years?

-25.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PME has a high level of non-cash earnings.

Growing Profit Margin: PME's current net profit margins (17.2%) are higher than last year (14.8%).


Past Earnings Growth Analysis

Earnings Trend: PME's earnings have declined by 25.4% per year over the past 5 years.

Accelerating Growth: PME's earnings growth over the past year (43%) exceeds its 5-year average (-25.4% per year).

Earnings vs Industry: PME earnings growth over the past year (43%) exceeded the Food industry -4%.


Return on Equity

High ROE: PME's Return on Equity (10.4%) is considered low.


Next Steps

Financial Health

How is Pingtan Marine Enterprise's financial position?


Financial Position Analysis

Short Term Liabilities: PME's short term assets ($159.5M) do not cover its short term liabilities ($161.0M).

Long Term Liabilities: PME's short term assets ($159.5M) exceed its long term liabilities ($155.7M).


Debt to Equity History and Analysis

Debt Level: PME's debt to equity ratio (186.5%) is considered high.

Reducing Debt: PME's debt to equity ratio has increased from 38.9% to 186.5% over the past 5 years.

Debt Coverage: PME's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PME's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PME'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 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

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

7.5yrs

Average board tenure


CEO

Xinrong Zhuo (56 yo)

10yrs

Tenure

US$39,936

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 ($USD39.94K) is below average for companies of similar size in the US market ($USD607.19K).

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


Board Members

NamePositionTenureCompensationOwnership
Xinrong Zhuo
Chairman & CEO10yrsUS$39.94k57.43%
$ 43.2m
Zengbiao Zhu
Independent Director7.5yrsno datano data
Lin Bao
Director7.5yrsno datano data
Xing An Lin
Independent Director5.5yrsno datano data
Lin Lin
Independent Director5.5yrsno datano data

7.5yrs

Average Tenure

57yo

Average Age

Experienced Board: PME's board of directors are considered experienced (7.5 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

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$75.157m
  • 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 catches a range of fish species, s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/04 01:08
End of Day Share Price2020/08/03 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.