PETRO-KING OILFIELD SERVICES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.06 HKD | -6.25% |
|
-10.45% | -15.49% |
| 27/03 | Petro-king Oilfield Services Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 20/03 | Petro-King Oilfield Services Limited Announces Management Changes | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 414.4 | 259 | 165.8 | 170.9 | 120.9 | 122.6 |
| Enterprise Value (EV) 1 | 663.8 | 561.8 | 487.6 | 331.6 | 287.7 | 265.8 |
| P/E ratio | -0.67 x | -2.98 x | -2.27 x | -2.09 x | -4.12 x | -1.65 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.6 x | 0.54 x | 0.43 x | 1.04 x | 0.39 x | 0.39 x |
| EV / Revenue | 2.56 x | 1.17 x | 1.25 x | 2.02 x | 0.92 x | 0.84 x |
| EV / EBITDA | -6.33 x | 7.52 x | 25 x | -15.2 x | 65.2 x | 104 x |
| EV / FCF | 3.48 x | 25.9 x | 32.3 x | 7.46 x | 5.12 x | -22.8 x |
| FCF Yield | 28.7% | 3.86% | 3.1% | 13.4% | 19.5% | -4.39% |
| Price to Book | 0.9 x | 0.68 x | 0.5 x | 0.6 x | 0.47 x | 0.66 x |
| Nbr of stocks (in thousands) | 17,26,675 | 17,26,675 | 17,26,675 | 17,26,675 | 17,26,675 | 17,26,675 |
| Reference price 2 | 0.2400 | 0.1500 | 0.0960 | 0.0990 | 0.0700 | 0.0710 |
| Announcement Date | 26/04/19 | 28/04/20 | 29/04/21 | 27/04/22 | 25/04/23 | 24/04/24 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 258.9 | 478.2 | 389.9 | 164 | 313.8 | 315.6 |
| EBITDA 1 | -104.8 | 74.74 | 19.53 | -21.75 | 4.414 | 2.558 |
| EBIT 1 | -177.3 | 18.34 | -33.92 | -66.02 | -30.86 | -32.04 |
| Operating Margin | -68.46% | 3.83% | -8.7% | -40.26% | -9.84% | -10.15% |
| Earnings before Tax (EBT) 1 | -623.2 | -84.91 | -78.64 | -94.48 | -26.72 | -71.41 |
| Net income 1 | -623.1 | -87.03 | -73.02 | -81.78 | -28.59 | -73.51 |
| Net margin | -240.63% | -18.2% | -18.73% | -49.88% | -9.11% | -23.3% |
| EPS 2 | -0.3608 | -0.0504 | -0.0423 | -0.0474 | -0.0170 | -0.0430 |
| Free Cash Flow 1 | 190.6 | 21.7 | 15.1 | 44.45 | 56.18 | -11.66 |
| FCF margin | 73.62% | 4.54% | 3.87% | 27.11% | 17.9% | -3.7% |
| FCF Conversion (EBITDA) | - | 29.03% | 77.3% | - | 1,272.73% | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 26/04/19 | 28/04/20 | 29/04/21 | 27/04/22 | 25/04/23 | 24/04/24 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 249 | 303 | 322 | 161 | 167 | 143 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -2.379 x | 4.051 x | 16.48 x | -7.387 x | 37.81 x | 55.99 x |
| Free Cash Flow 1 | 191 | 21.7 | 15.1 | 44.4 | 56.2 | -11.7 |
| ROE (net income / shareholders' equity) | -78.6% | -20.1% | -20.7% | -29.3% | -9.97% | -33% |
| ROA (Net income/ Total Assets) | -8.78% | 1.18% | -2.14% | -4.76% | -2.51% | -2.61% |
| Assets 1 | 7,097 | -7,406 | 3,419 | 1,720 | 1,141 | 2,818 |
| Book Value Per Share 2 | 0.2700 | 0.2200 | 0.1900 | 0.1700 | 0.1500 | 0.1100 |
| Cash Flow per Share 2 | 0.0200 | 0.0200 | 0.0200 | 0.0200 | 0.0200 | 0.0200 |
| Capex 1 | 34.6 | 25 | 23.3 | 4.35 | 3.76 | 0.87 |
| Capex / Sales | 13.36% | 5.22% | 5.98% | 2.65% | 1.2% | 0.28% |
| Announcement Date | 26/04/19 | 28/04/20 | 29/04/21 | 27/04/22 | 25/04/23 | 24/04/24 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -15.49% | 14.12M | |
| +1.32% | 16.55B | |
| +1.63% | 9.27B | |
| -7.85% | 6.23B | |
| -16.75% | 5.77B | |
| -5.13% | 4.64B | |
| -15.43% | 4.32B | |
| -1.85% | 4.23B | |
| +11.34% | 3.87B | |
| +4.45% | 3.77B |
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