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.

Risks

  • Pingtan Marine Enterprise is covered by less than 3 analysts.

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

3.1%

NasdaqCM:PME

-0.9%

US Food

-1.6%

US Market


1 Year Return

-11.6%

NasdaqCM:PME

-1.1%

US Food

-3.0%

US Market

PME underperformed the Food industry which returned 1% over the past year.

PME underperformed the Market in United States of America which returned -0% over the past year.


Share holder returns

PMEIndustryMarket
7 Day3.1%-0.9%-1.6%
30 Day-9.9%-1.8%-5.8%
90 Day9.8%2.3%0.2%
1 Year-11.6%-11.6%1.9%-1.1%-0.8%-3.0%
3 Year113.8%107.0%-6.9%-15.0%38.0%29.1%
5 Year10.8%2.6%39.7%23.1%50.8%34.1%

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 based on future cash flows and its price relative to the stock market?

15.2x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Pingtan Marine Enterprise to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Pingtan Marine Enterprise to establish if it is available at substantial discount.


Price Based on Earnings

Pingtan Marine Enterprise is good value based on earnings compared to the US Food industry average.

Pingtan Marine Enterprise is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Pingtan Marine Enterprise, we can't assess if its growth is good value.


Price Based on Value of Assets

Pingtan Marine Enterprise is good value based on assets compared to the US Food industry average.


Next Steps

Future Growth

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

8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Pingtan Marine Enterprise's revenue is expected to grow significantly at over 20% yearly.

Pingtan Marine Enterprise's earnings are expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).

Pingtan Marine Enterprise's revenue growth is expected to exceed the United States of America market average.

Pingtan Marine Enterprise's earnings growth is positive but not above the United States of America market average.

Pingtan Marine Enterprise's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Pingtan Marine Enterprise will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Pingtan Marine Enterprise's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Pingtan Marine Enterprise's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Pingtan Marine Enterprise's 1-year earnings growth is negative, it can't be compared to the US Food industry average.


Return on Equity

Pingtan Marine Enterprise has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Pingtan Marine Enterprise used its assets less efficiently than the US Food industry average last year based on Return on Assets.


Return on Capital Employed

Pingtan Marine Enterprise has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Pingtan Marine Enterprise's financial position?


Financial Position Analysis

Pingtan Marine Enterprise's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Pingtan Marine Enterprise's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Pingtan Marine Enterprise's level of debt (84.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (90.8% vs 84.2% today).

Debt is well covered by operating cash flow (38.2%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 9.1x coverage).


Balance Sheet

High level of physical assets or inventory.

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 and Payments Analysis

Unable to evaluate Pingtan Marine Enterprise's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Pingtan Marine Enterprise's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Pingtan Marine Enterprise has not reported any payouts.

Unable to verify if Pingtan Marine Enterprise's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Pingtan Marine Enterprise has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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?

6.5yrs

Average board tenure


CEO

Xinrong Zhuo (55yo)

9.0yrs

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

Xinrong's remuneration is lower than average for companies of similar size in United States of America.

Xinrong's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

6.5yrs

Average Tenure

56yo

Average Age

The tenure for the Pingtan Marine Enterprise board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Roy Yu (37yo)

    CFO & Secretary

    • Tenure: 6.3yrs
    • Compensation: US$260.00k
  • Xinrong Zhuo (55yo)

    Chairman & CEO

    • Tenure: 9.0yrs
    • Compensation: US$39.79k

Board Members

  • Xinrong Zhuo (55yo)

    Chairman & CEO

    • Tenure: 9.0yrs
    • Compensation: US$39.79k
  • Zengbiao Zhu (70yo)

    Independent Director

    • Tenure: 6.5yrs
  • Lin Bao (59yo)

    Director

    • Tenure: 6.5yrs
  • Xing Lin (56yo)

    Independent Director

    • Tenure: 4.5yrs
  • Lin Lin (45yo)

    Independent Director

    • Tenure: 4.5yrs

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$186.570m
  • 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 Analysis2019/08/24 00:52
End of Day Share Price2019/08/23 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.