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China Energy Development Holdings

DB:HPG1
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HPG1
DB
HK$1B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

China Energy Development Holdings Limited, an investment holding company, = engages in the exploration, development, production, and distribution of natural gas. The last earnings update was 9 days ago. More info.


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  • China Energy Development Holdings has significant price volatility in the past 3 months.
HPG1 Share Price and Events
7 Day Returns
0%
DB:HPG1
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
76.9%
DB:HPG1
28.1%
DE Oil and Gas
-16.6%
DE Market
HPG1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Energy Development Holdings (HPG1) 0% 27.8% 9.5% 76.9% 228.6% 35.3%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • HPG1 outperformed the Oil and Gas industry which returned 28.1% over the past year.
  • HPG1 outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
HPG1
Industry
5yr Volatility vs Market

HPG1 Value

 Is China Energy Development 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 China Energy Development 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 China Energy Development Holdings.

DB:HPG1 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 5.7%
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:HPG1
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 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 25%) (8.78%))
1.007
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.007 * 6.07%)
5.72%

Discounted Cash Flow Calculation for DB:HPG1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Energy Development 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:HPG1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 5.72%)
2020 56.50 Est @ 1.19% 53.44
2021 56.91 Est @ 0.72% 50.91
2022 57.13 Est @ 0.38% 48.34
2023 57.21 Est @ 0.15% 45.80
2024 57.21 Est @ -0.01% 43.31
2025 57.14 Est @ -0.12% 40.92
2026 57.02 Est @ -0.2% 38.63
2027 56.87 Est @ -0.26% 36.44
2028 56.70 Est @ -0.3% 34.37
2029 56.52 Est @ -0.33% 32.40
Present value of next 10 years cash flows HK$424.00
DB:HPG1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$56.52 × (1 + -0.39%) ÷ (5.72% – -0.39%)
HK$921.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$921.13 ÷ (1 + 5.72%)10
HK$528.06
DB:HPG1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$424.00 + HK$528.06
HK$952.06
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$952.06 / 9,505.34
HK$0.1
DB:HPG1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HPG1 represents 0.15646x of SEHK:228
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.15646x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.10 x 0.15646
€0.02
Value per share (EUR) From above. €0.02
Current discount Discount to share price of €0.02
= -1 x (€0.02 - €0.02) / €0.02
-46.8%

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

  • The current share price of China Energy Development Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 China Energy Development Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Energy Development Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HPG1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in HKD HK$-0.01
SEHK:228 Share Price ** SEHK (2020-03-17) in HKD HK$0.15
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of China Energy Development Holdings.

DB:HPG1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:228 Share Price ÷ EPS (both in HKD)

= 0.15 ÷ -0.01

-19.31x

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

  • China Energy Development Holdings is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • China Energy Development Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does China Energy Development Holdings's expected growth come at a high price?
Raw Data
DB:HPG1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -19.31x
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 1.22x

*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 China Energy Development Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Energy Development Holdings's assets?
Raw Data
DB:HPG1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in HKD HK$0.16
SEHK:228 Share Price * SEHK (2020-03-17) in HKD HK$0.15
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:HPG1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:228 Share Price ÷ Book Value per Share (both in HKD)

= 0.15 ÷ 0.16

0.93x

* Primary Listing of China Energy Development Holdings.

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

  • China Energy Development Holdings is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess China Energy Development 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. China Energy Development Holdings has a total score of 1/6, 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.

HPG1 Future Performance

 How is China Energy Development 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 China Energy Development 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
13.1%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Energy Development Holdings expected to grow at an attractive rate?
  • Unable to compare China Energy Development Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare China Energy Development Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare China Energy Development Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:HPG1 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
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:HPG1 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 HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HPG1 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:HPG1 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-12-31 158 -72
2019-09-30 188 -99
2019-06-30 218 138 -125
2019-03-31 348 98 -49
2018-12-31 478 59 28
2018-09-30 415 33 -36
2018-06-30 352 8 -99
2018-03-31 183 7 -167
2017-12-31 13 6 -236
2017-09-30 9 -14 -195
2017-06-30 4 -34 -155
2017-03-31 3 -21 -159

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if China Energy Development Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if China Energy Development 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:HPG1 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 China Energy Development Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HPG1 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:HPG1 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-12-31 -0.01
2019-09-30 -0.01
2019-06-30 -0.01
2019-03-31 -0.01
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 -0.01
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 -0.02
2017-06-30 -0.02
2017-03-31 -0.02

*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 China Energy Development Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of HPG1’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. China Energy Development 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. China Energy Development 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 China Energy Development 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.
China Energy Development 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.

HPG1 Past Performance

  How has China Energy Development 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 China Energy Development 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.
  • China Energy Development Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare China Energy Development Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare China Energy Development Holdings's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
China Energy Development 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 China Energy Development Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HPG1 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 158.06 -72.35 47.02
2019-09-30 187.87 -98.88 64.52
2019-06-30 217.68 -125.41 82.02
2019-03-31 347.74 -48.93 62.54
2018-12-31 477.79 27.54 43.06
2018-09-30 415.06 -35.94 30.38
2018-06-30 352.34 -99.42 17.70
2018-03-31 182.69 -167.47 16.76
2017-12-31 13.04 -235.51 15.82
2017-09-30 8.51 -195.25 14.50
2017-06-30 3.97 -154.99 13.17
2017-03-31 2.55 -158.84 13.47
2016-12-31 1.12 -162.69 13.76
2016-09-30 1.96 -711.70 15.44
2016-06-30 2.79 -1,260.72 17.11
2016-03-31 5.10 -1,271.08 16.14
2015-12-31 7.41 -1,281.44 15.17
2015-09-30 15.01 -671.63 14.69
2015-06-30 22.61 -61.81 14.22
2015-03-31 29.95 -49.23 15.44
2014-12-31 37.29 -36.65 16.67
2014-09-30 37.73 -40.28 18.09
2014-06-30 38.18 -43.90 19.51
2014-03-31 37.43 -44.06 19.34
2013-12-31 36.69 -44.22 19.17
2013-09-30 38.82 -42.97 20.45
2013-06-30 40.96 -41.73 21.74

*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.
  • It is difficult to establish if China Energy Development Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if China Energy Development Holdings has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if China Energy Development Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess China Energy Development 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.
China Energy Development Holdings has a total score of 0/6, 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.

HPG1 Health

 How is China Energy Development 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 China Energy Development Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Energy Development Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Energy Development Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Energy Development 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.
  • Debt is covered by short term assets, assets are 4.1x debt.
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 China Energy Development Holdings Company Filings, last reported 3 months ago.

DB:HPG1 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,520.51 108.75 257.86
2019-09-30 1,520.51 108.75 257.86
2019-06-30 1,591.67 184.63 154.27
2019-03-31 1,591.67 184.63 154.27
2018-12-31 1,634.66 188.34 129.56
2018-09-30 1,634.66 188.34 129.56
2018-06-30 1,803.72 116.57 155.38
2018-03-31 1,803.72 116.57 155.38
2017-12-31 1,701.24 122.34 246.47
2017-09-30 1,701.24 122.34 246.47
2017-06-30 1,888.70 61.18 242.18
2017-03-31 1,888.70 61.18 242.18
2016-12-31 1,805.66 108.89 262.58
2016-09-30 1,805.66 108.89 262.58
2016-06-30 2,070.25 55.06 296.81
2016-03-31 2,070.25 55.06 296.81
2015-12-31 2,096.85 57.54 272.72
2015-09-30 2,096.85 57.54 272.72
2015-06-30 3,504.79 89.98 371.49
2015-03-31 3,504.79 89.98 371.49
2014-12-31 3,545.12 135.48 371.91
2014-09-30 3,545.12 135.48 371.91
2014-06-30 3,385.82 169.22 232.80
2014-03-31 3,385.82 169.22 232.80
2013-12-31 3,507.94 162.66 319.95
2013-09-30 3,507.94 162.66 319.95
2013-06-30 3,474.40 156.64 316.96
  • China Energy Development Holdings's level of debt (7.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.8% vs 7.2% today).
  • Debt is well covered by operating cash flow (126.7%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on China Energy Development Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess China Energy Development 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. China Energy Development Holdings has a total score of 3/6, 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.

HPG1 Dividends

 What is China Energy Development 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
0%
Current annual income from China Energy Development Holdings dividends.
If you bought €2,000 of China Energy Development Holdings shares you are expected to receive €0 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?
  • Unable to evaluate China Energy Development Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Energy Development Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:HPG1 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 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:HPG1 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as China Energy Development Holdings has not reported any payouts.
  • Unable to verify if China Energy Development Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Energy Development Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Energy Development Holdings 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.
X
Income/ dividend checks
We assess China Energy Development 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 China Energy Development Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Energy Development Holdings has a total score of 0/6, see the detailed checks below.


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

HPG1 Management

 What is the CEO of China Energy Development 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.
CEO
Guoqiang Zhao
COMPENSATION HK$1,482,000
AGE 61
TENURE AS CEO 10.3 years
CEO Bio

Mr. Guoqiang Zhao has been the Chief Executive Officer of China Energy Development Holdings Limited since December 29, 2009. Mr. Zhao served as Senior Engineer in Sinopec Shengli Oilfield Company. He has been an Executive Director at China Energy Development Holdings Limited since December 18, 2009. He has nearly 30 years of working experience in exploration and exploitation of Petroleum industry. He served as Executive Director of Energy International Investments Holdings Limited (alternate name: Xian Yuen Titanium Resources Holdings Limited) from December 23, 2009 to November 10, 2010. He awarded the Top-notch talent from China Petroleum & Chemical Corporation and Shengli Oilfield. Guoqiang. Mr. Zhao graduated from his study for Physics at Qufu Normal University.

CEO Compensation
  • Guoqiang's compensation has increased whilst company is loss making.
  • Guoqiang's remuneration is lower than average for companies of similar size in Germany.
Management Team

Guoqiang Zhao

TITLE
CEO & Executive Director
COMPENSATION
HK$1M
AGE
61
TENURE
10.3 yrs

Chun Kau Chan

TITLE
Company Secretary
AGE
45
TENURE
5.8 yrs
Board of Directors Tenure

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

4.8
Average Tenure
53
Average Age
  • The tenure for the China Energy Development Holdings board of directors is about average.
Board of Directors

Guoqiang Zhao

TITLE
CEO & Executive Director
COMPENSATION
HK$1M
AGE
61
TENURE
10.3 yrs

Chun Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
50
TENURE
4.3 yrs

Man Tai Lee

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
42
TENURE
4.3 yrs

Quan Gu

TITLE
Non-Executive Director
COMPENSATION
HK$120K
AGE
54
TENURE
5.6 yrs

Ketao Zong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
53
TENURE
4.8 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 (€)
X
Management checks
We assess China Energy Development 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. China Energy Development 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.

HPG1 News

Simply Wall St News

HPG1 Company Info

Description

China Energy Development Holdings Limited, an investment holding company, = engages in the exploration, development, production, and distribution of natural gas. It operates through three segments: Exploration, Production, and Distribution of Natural Gas; Sales of Food and Beverages Business; and Money Lending Business. The company drills, explores for, exploits, and produces oil and/or natural gas from site located in North Kashi Block, Tarim Basin, Xinjiang; and distributes natural gas through pipelines in the People’s Republic of China. It is also involved in the sale of food and beverages; provision of loans to third parties; and operation of a chain of Chinese restaurants in Hong Kong. The company was incorporated in 2001 and is headquartered in Central, Hong Kong.

Details
Name: China Energy Development Holdings Limited
HPG1
Exchange: DB
Founded: 2001
HK$166,669,457
9,505,344,000
Website: http://www.cnenergy.com.hk
Address: China Energy Development Holdings Limited
The Center,
Units 5611–12,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 228 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 18. Feb 2002
DB HPG1 Ordinary Shares Deutsche Boerse AG DE EUR 18. Feb 2002
Number of employees
Current staff
Staff numbers
50
China Energy Development Holdings employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 00:40
End of day share price update: 2020/03/17 00:00
Last estimates confirmation: 2018/03/27
Last earnings filing: 2020/03/30
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.