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AAG Energy Holdings

DB:AAN
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AAN
DB
HK$4B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

AAG Energy Holdings Limited engages in the exploration, development, production, and sale of coalbed methane in the People's Republic of China. The last earnings update was 6 days ago. More info.


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AAN Share Price and Events
7 Day Returns
5.3%
DB:AAN
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-16.4%
DB:AAN
34.4%
DE Oil and Gas
-14.2%
DE Market
AAN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AAG Energy Holdings (AAN) 5.3% -2.8% -6.1% -16.4% -2.1% -
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • AAN underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • AAN underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
AAN
Industry
5yr Volatility vs Market

Value

 Is AAG Energy Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AAG Energy Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AAG Energy Holdings.

DB:AAN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AAN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 25%) (1.49%))
0.989
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.989 * 6.07%)
5.61%

Discounted Cash Flow Calculation for DB:AAN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AAG Energy Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:AAN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 5.61%)
2020 629.87 Est @ 38.34% 596.41
2021 798.16 Est @ 26.72% 715.60
2022 946.50 Est @ 18.59% 803.52
2023 1,068.53 Est @ 12.89% 858.92
2024 1,163.71 Est @ 8.91% 885.74
2025 1,234.91 Est @ 6.12% 890.00
2026 1,286.36 Est @ 4.17% 877.83
2027 1,322.37 Est @ 2.8% 854.46
2028 1,346.73 Est @ 1.84% 823.97
2029 1,362.52 Est @ 1.17% 789.35
Present value of next 10 years cash flows CN¥8,095.00
DB:AAN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,362.52 × (1 + -0.39%) ÷ (5.61% – -0.39%)
CN¥22,617.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥22,617.79 ÷ (1 + 5.61%)10
CN¥13,103.10
DB:AAN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥8,095.00 + CN¥13,103.10
CN¥21,198.10
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥21,198.10 / 3,393.58
CN¥6.25
DB:AAN Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:2686)
1.097
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥6.25 x 1.097
HK$6.85
Non-primary Listing Adjustment Factor 1 share in DB:AAN represents 0.10952x of SEHK:2686
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10952x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 6.85 x 0.10952
€0.75
Value per share (EUR) From above. €0.75
Current discount Discount to share price of €0.14
= -1 x (€0.14 - €0.75) / €0.75
81.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price AAG Energy Holdings is available for.
Intrinsic value
>50%
Share price is €0.138 vs Future cash flow value of €0.7507
Current Discount Checks
For AAG Energy Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AAG Energy Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AAG Energy Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AAG Energy Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AAG Energy Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AAN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.21
SEHK:2686 Share Price ** SEHK (2020-04-08) in HKD HK$1.26
SEHK:2686 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.911 CN¥1.15
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AAG Energy Holdings.

DB:AAN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2686 Share Price ÷ EPS (both in CNY)

= 1.15 ÷ 0.21

5.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AAG Energy Holdings is good value based on earnings compared to the Europe Oil and Gas industry average.
  • AAG Energy Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does AAG Energy Holdings's expected growth come at a high price?
Raw Data
DB:AAN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for AAG Energy Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AAG Energy Holdings's assets?
Raw Data
DB:AAN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥1.72
SEHK:2686 Share Price * SEHK (2020-04-08) in HKD HK$1.26
SEHK:2686 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.911 CN¥1.15
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:AAN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2686 Share Price ÷ Book Value per Share (both in CNY)

= 1.15 ÷ 1.72

0.67x

* Primary Listing of AAG Energy Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AAG Energy Holdings is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess AAG Energy Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. AAG Energy Holdings has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is AAG Energy Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 AAG Energy Holdings 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AAG Energy Holdings expected to grow at an attractive rate?
  • Unable to compare AAG Energy Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare AAG Energy Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare AAG Energy Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:AAN Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AAN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AAN Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:AAN Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 1,162 948 707
2019-09-30 1,154 817 627
2019-06-30 1,146 686 546
2019-03-31 1,063 545 479
2018-12-31 979 405 413
2018-09-30 863 363 369
2018-06-30 746 322 325
2018-03-31 644 380 254
2017-12-31 542 438 183
2017-09-30 493 398 141
2017-06-30 444 358 98
2017-03-31 427 308 102

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if AAG Energy Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if AAG Energy Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AAN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from AAG Energy Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AAN Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:AAN Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.21
2019-09-30 0.18
2019-06-30 0.16
2019-03-31 0.14
2018-12-31 0.12
2018-09-30 0.11
2018-06-30 0.10
2018-03-31 0.08
2017-12-31 0.05
2017-09-30 0.04
2017-06-30 0.03
2017-03-31 0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if AAG Energy Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether AAG Energy Holdings is trading at AAG Energy Holdings'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. AAG Energy Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. AAG Energy Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess AAG Energy Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AAG Energy Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has AAG Energy Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AAG Energy Holdings's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AAG Energy Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • AAG Energy Holdings's 1-year earnings growth exceeds its 5-year average (71.3% vs 46.1%)
  • AAG Energy Holdings's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (71.3% vs 1.9%).
Earnings and Revenue History
AAG Energy Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AAG Energy Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AAN Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,161.76 707.37 105.82
2019-09-30 1,154.01 626.59 124.97
2019-06-30 1,146.26 545.82 144.12
2019-03-31 1,062.63 479.38 151.19
2018-12-31 979.00 412.94 158.25
2018-09-30 862.62 369.07 155.72
2018-06-30 746.23 325.20 153.19
2018-03-31 643.88 254.20 146.81
2017-12-31 541.53 183.20 140.42
2017-09-30 492.65 140.56 145.81
2017-06-30 443.78 97.92 151.20
2017-03-31 427.30 102.28 155.37
2016-12-31 410.83 106.64 159.53
2016-09-30 430.78 16.06 157.19
2016-06-30 450.73 -74.51 154.85
2016-03-31 493.69 -65.73 155.00
2015-12-31 536.66 -56.94 155.16
2015-09-30 548.15 72.07 148.90
2015-06-30 559.65 201.07 142.63
2015-03-31 492.77 198.03 122.54
2014-12-31 425.90 194.99 102.45
2013-12-31 138.63 39.57 57.88

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AAG Energy Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AAG Energy Holdings used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • AAG Energy Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AAG Energy Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AAG Energy Holdings has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is AAG Energy Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AAG Energy Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AAG Energy Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AAG Energy Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AAG Energy Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • AAG Energy Holdings has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AAG Energy Holdings Company Filings, last reported 3 months ago.

DB:AAN Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,843.64 0.00 2,139.54
2019-09-30 5,843.64 0.00 2,139.54
2019-06-30 5,464.19 0.00 1,669.26
2019-03-31 5,464.19 0.00 1,669.26
2018-12-31 5,376.85 0.00 1,664.10
2018-09-30 5,376.85 0.00 1,664.10
2018-06-30 5,116.97 569.85 2,082.51
2018-03-31 5,116.97 569.85 2,082.51
2017-12-31 4,950.35 513.59 2,243.79
2017-09-30 4,950.35 513.59 2,243.79
2017-06-30 4,873.78 488.28 2,200.36
2017-03-31 4,873.78 488.28 2,200.36
2016-12-31 4,836.93 496.38 2,343.76
2016-09-30 4,836.93 496.38 2,343.76
2016-06-30 4,702.33 430.75 2,306.53
2016-03-31 4,702.33 430.75 2,306.53
2015-12-31 4,591.45 418.86 2,555.81
2015-09-30 4,591.45 418.86 2,555.81
2015-06-30 4,454.92 364.17 932.14
2015-03-31 4,454.92 364.17 932.14
2014-12-31 2,803.00 362.28 1,099.67
2013-12-31 -55.76 1,958.46 209.19
  • AAG Energy Holdings has no debt.
  • AAG Energy Holdings has no debt compared to 5 years ago when it was 12.8%.
  • AAG Energy Holdings has no debt, it does not need to be covered by operating cash flow.
  • AAG Energy Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess AAG Energy Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AAG Energy Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is AAG Energy Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.24%
Current annual income from AAG Energy Holdings dividends.
If you bought €2,000 of AAG Energy Holdings shares you are expected to receive €185 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • AAG Energy Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • AAG Energy Holdings's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
Upcoming dividend payment

Purchase AAG Energy Holdings before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AAN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AAN Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
DB:AAN Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-04-03 0.106 9.537
2020-03-27 0.106 9.710
2019-05-10 0.074 6.127
2018-04-10 0.020 1.765
2018-03-23 0.020 1.805

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, AAG Energy Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but AAG Energy Holdings only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of AAG Energy Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess AAG Energy Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AAG Energy Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AAG Energy Holdings has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of AAG Energy Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • AAG Energy Holdings has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the AAG Energy Holdings management team in years:

1.6
Average Tenure
51
Average Age
  • The average tenure for the AAG Energy Holdings management team is less than 2 years, this suggests a new team.
Management Team

Zaiyuan Ming

TITLE
Chairman of the Board
COMPENSATION
CN¥3M
AGE
55

Danhua Yan

TITLE
President & Executive Director
COMPENSATION
CN¥2M
AGE
51
TENURE
1.6 yrs

Jianbing Zhang

TITLE
VP & Executive Director
COMPENSATION
CN¥1M
AGE
55

Jiangtao Wei

TITLE
VP & Financial Controller
AGE
51
TENURE
1.6 yrs

Marshall Wu

TITLE
Public Relations Director

Jingyi Zhang

TITLE
Director of Marketing & Sales
AGE
50
TENURE
5.3 yrs

Lingyi Wang

TITLE
Human Resource Director

Han Wang

TITLE
Treasury Manager

Xiaohang Su

TITLE
Joint Company Secretary
AGE
32
TENURE
1 yrs

Ming King Chiu

TITLE
Joint Company Secretary
AGE
41
Board of Directors Tenure

Average tenure and age of the AAG Energy Holdings board of directors in years:

1.7
Average Tenure
55
Average Age
  • The average tenure for the AAG Energy Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Danhua Yan

TITLE
President & Executive Director
COMPENSATION
CN¥2M
AGE
51
TENURE
1.7 yrs

Jianbing Zhang

TITLE
VP & Executive Director
COMPENSATION
CN¥1M
AGE
55
TENURE
1.7 yrs

Alexander Tai

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥108K
AGE
62
TENURE
1.7 yrs

Zaiyuan Ming

TITLE
Chairman of the Board
COMPENSATION
CN¥3M
AGE
55
TENURE
1.7 yrs

Xiaofeng Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥108K
AGE
56
TENURE
1.7 yrs

Guiyong Cui

TITLE
Non-Executive Director
AGE
57
TENURE
5.3 yrs

Ruizhao Yang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥44K
AGE
53
TENURE
1.4 yrs

Ren Gu

TITLE
Non-Executive Director
AGE
36
TENURE
1.1 yrs

Min Huang

TITLE
Non-Executive Director
AGE
56
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. May 19 Buy Zaiyuan Ming Individual 21. May 19 21. May 19 337,000 €0.17 €56,881
22. May 19 Buy Zaiyuan Ming Individual 20. May 19 20. May 19 340,000 €0.17 €57,750
22. May 19 Buy Zaiyuan Ming Individual 17. May 19 17. May 19 312,000 €0.17 €53,416
21. May 19 Buy Zaiyuan Ming Individual 16. May 19 16. May 19 313,000 €0.17 €53,521
14. May 19 Buy Zaiyuan Ming Individual 08. May 19 08. May 19 300,000 €0.17 €52,493
14. May 19 Buy Zaiyuan Ming Individual 09. May 19 09. May 19 100,000 €0.18 €17,583
08. May 19 Buy Zaiyuan Ming Individual 06. May 19 06. May 19 322,000 €0.18 €56,741
X
Management checks
We assess AAG Energy Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AAG Energy Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

AAG Energy Holdings Limited engages in the exploration, development, production, and sale of coalbed methane in the People's Republic of China. It holds interests in the Panzhuang concession covering an area of 141.8 square kilometers in the southern area of Qinshui Basin; and the Mabi concession extending over an area of 898.2 square kilometers in the southern Qinshui Basin in Shanxi province under production sharing contracts. The company was founded in 1994 and is headquartered in Central, Hong Kong. AAG Energy Holdings Limited is a subsidiary of Liming Holding Limited.

Details
Name: AAG Energy Holdings Limited
AAN
Exchange: DB
Founded: 1994
HK$507,231,596
3,393,582,395
Website: http://www.aagenergy.com
Address: AAG Energy Holdings Limited
China Merchants Tower,
Unit 2109–10, 21st Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2686 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 23. Jun 2015
OTCPK AAGE.F Ordinary Shares Pink Sheets LLC US USD 23. Jun 2015
DB AAN Ordinary Shares Deutsche Boerse AG DE EUR 23. Jun 2015
Number of employees
Current staff
Staff numbers
479
AAG Energy Holdings employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 00:05
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2020/04/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.