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PVD

Petrovietnam Drilling and Well Services HOSE:PVD Stock Report

Last Price

₫17.75k

Market Cap

₫9.9t

7D

9.7%

1Y

19.5%

Updated

09 Aug, 2022

Data

Company Financials +
PVD fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

PVD Stock Overview

Petrovietnam Drilling and Well Services Corporation, together with its subsidiaries, provides drilling rigs and drilling-related services to the oil and gas industry in the Socialist Republic of Vietnam and internationally.

Petrovietnam Drilling and Well Services Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Petrovietnam Drilling and Well Services
Historical stock prices
Current Share Price₫17,750.00
52 Week High₫30,530.30
52 Week Low₫13,030.30
Beta1.72
1 Month Change25.97%
3 Month Change2.76%
1 Year Change19.54%
3 Year Change48.76%
5 Year Change71.82%
Change since IPO-74.24%

Recent News & Updates

Shareholder Returns

PVDVN Energy ServicesVN Market
7D9.7%8.8%2.0%
1Y19.5%10.1%-8.1%

Return vs Industry: PVD exceeded the VN Energy Services industry which returned 10.1% over the past year.

Return vs Market: PVD exceeded the VN Market which returned -8.1% over the past year.

Price Volatility

Is PVD's price volatile compared to industry and market?
PVD volatility
PVD Average Weekly Movement8.9%
Energy Services Industry Average Movement9.8%
Market Average Movement7.4%
10% most volatile stocks in VN Market10.0%
10% least volatile stocks in VN Market4.2%

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

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

About the Company

FoundedEmployeesCEOWebsite
20012,116Nguyen Cuonghttps://www.pvdrilling.com.vn

Petrovietnam Drilling and Well Services Corporation, together with its subsidiaries, provides drilling rigs and drilling-related services to the oil and gas industry in the Socialist Republic of Vietnam and internationally. The company owns and operates offshore and onshore rigs. It also provides drilling-related and well technical services; and design, engineering, inspection, repairing, maintenance, workshop, trading and other, manpower and training program, and oil spill response and environment impact assessment services.

Petrovietnam Drilling and Well Services Fundamentals Summary

How do Petrovietnam Drilling and Well Services's earnings and revenue compare to its market cap?
PVD fundamental statistics
Market CapUS$421.79m
Earnings (TTM)-US$1.55m
Revenue (TTM)US$219.56m

1.9x

P/S Ratio

-272.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PVD income statement (TTM)
RevenueUS$219.56m
Cost of RevenueUS$199.91m
Gross ProfitUS$19.65m
Other ExpensesUS$21.20m
Earnings-US$1.55m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.0028
Gross Margin8.95%
Net Profit Margin-0.71%
Debt/Equity Ratio28.0%

How did PVD perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PVD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PVD?

Other financial metrics that can be useful for relative valuation.

PVD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.3x
Enterprise Value/EBITDA16.7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does PVD's PS Ratio compare to its peers?

PVD PS Ratio vs Peers
The above table shows the PS ratio for PVD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.5x
PVS PetroVietnam Technical Services
0.7x24.3%₫11.8t
PVT PetroVietnam Transportation
0.9x6.7%₫6.8t
PLX Vietnam National Petroleum Group
0.2x1.1%₫53.5t
PVC Petrovietnam Chemical and Services
0.3xn/a₫905.0b
PVD Petrovietnam Drilling and Well Services
1.9x19.8%₫9.9t

Price-To-Sales vs Peers: PVD is expensive based on its Price-To-Sales Ratio (1.9x) compared to the peer average (0.5x).


Price to Earnings Ratio vs Industry

How does PVD's PE Ratio compare vs other companies in the Asian Energy Services Industry?

Price-To-Sales vs Industry: PVD is expensive based on its Price-To-Sales Ratio (1.9x) compared to the VN Energy Services industry average (0.7x)


Price to Sales Ratio vs Fair Ratio

What is PVD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PVD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.9x
Fair PS Ratio1.1x

Price-To-Sales vs Fair Ratio: PVD is expensive based on its Price-To-Sales Ratio (1.9x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).


Share Price vs Fair Value

What is the Fair Price of PVD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PVD (₫17750) is trading below our estimate of fair value (₫24236.5)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Petrovietnam Drilling and Well Services forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


43.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PVD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.7%).

Earnings vs Market: PVD is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PVD is expected to become profitable in the next 3 years.

Revenue vs Market: PVD's revenue (19.8% per year) is forecast to grow faster than the VN market (17.2% per year).

High Growth Revenue: PVD's revenue (19.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PVD's Return on Equity is forecast to be low in 3 years time (5.8%).


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Past Performance

How has Petrovietnam Drilling and Well Services performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


4.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PVD is currently unprofitable.

Growing Profit Margin: PVD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PVD is unprofitable, but has reduced losses over the past 5 years at a rate of 4.8% per year.

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

Earnings vs Industry: PVD is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-6.8%).


Return on Equity

High ROE: PVD has a negative Return on Equity (-0.32%), as it is currently unprofitable.


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Financial Health

How is Petrovietnam Drilling and Well Services's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PVD's short term assets ($241.3M) exceed its short term liabilities ($131.2M).

Long Term Liabilities: PVD's short term assets ($241.3M) exceed its long term liabilities ($165.5M).


Debt to Equity History and Analysis

Debt Level: PVD's net debt to equity ratio (11.8%) is considered satisfactory.

Reducing Debt: PVD's debt to equity ratio has reduced from 38.3% to 28% over the past 5 years.

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

Interest Coverage: PVD's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


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Dividend

What is Petrovietnam Drilling and Well Services's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.23%

Forecast Dividend Yield

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: PVD is not paying a notable dividend for the VN market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PVD has not reported any payouts.


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Management

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

5.3yrs

Average management tenure


CEO

Nguyen Cuong (54 yo)

3.33yrs

Tenure

US$20

Compensation

Mr. Nguyen Xuan Cuong has been Chief Executive Officer and Director of Petrovietnam Drilling and Well Services Corporation since April 2019. Mr. Cuong has been President of Petrovietnam Drilling and Well S...


Leadership Team

Experienced Management: PVD's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: PVD's board of directors are not considered experienced ( 2.8 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

Petrovietnam Drilling and Well Services Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Petrovietnam Drilling and Well Services Corporation
  • Ticker: PVD
  • Exchange: HOSE
  • Founded: 2001
  • Industry: Oil and Gas Drilling
  • Sector: Energy
  • Implied Market Cap: ₫9.867t
  • Shares outstanding: 555.89m
  • Website: https://www.pvdrilling.com.vn

Number of Employees


Location

  • Petrovietnam Drilling and Well Services Corporation
  • Sailing Tower
  • 4th Floor
  • Ho Chi Minh City
  • Vietnam

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2022/06/30
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.