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Strong Petrochemical Holdings

DB:K20A
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
K20A
DB
HK$956M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Strong Petrochemical Holdings Limited, an investment holding company, engages in trading crude oil, petroleum, petrochemical, and coal products. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
  • Strong Petrochemical Holdings has significant price volatility in the past 3 months.
K20A Share Price and Events
7 Day Returns
2.8%
DB:K20A
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
19.4%
DB:K20A
21.9%
DE Oil and Gas
-17.7%
DE Market
K20A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Strong Petrochemical Holdings (K20A) 2.8% 23.3% 54.2% 19.4% -43.9% -5.1%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • K20A underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • K20A outperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
K20A
Industry
5yr Volatility vs Market

K20A Value

 Is Strong Petrochemical 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 Strong Petrochemical 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 Strong Petrochemical Holdings.

DB:K20A 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 7.5%
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:K20A
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 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 25%) (105.48%))
1.3
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.3 * 6.07%)
7.5%

Discounted Cash Flow Calculation for DB:K20A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Strong Petrochemical 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:K20A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 7.5%)
2020 773.08 Est @ 1.37% 719.15
2021 779.62 Est @ 0.85% 674.64
2022 783.32 Est @ 0.47% 630.56
2023 785.01 Est @ 0.22% 587.83
2024 785.27 Est @ 0.03% 547.01
2025 784.54 Est @ -0.09% 508.38
2026 783.11 Est @ -0.18% 472.05
2027 781.19 Est @ -0.24% 438.05
2028 778.94 Est @ -0.29% 406.32
2029 776.45 Est @ -0.32% 376.77
Present value of next 10 years cash flows HK$5,360.00
DB:K20A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$776.45 × (1 + -0.39%) ÷ (7.5% – -0.39%)
HK$9,803.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$9,803.88 ÷ (1 + 7.5%)10
HK$4,757.23
DB:K20A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$5,360.00 + HK$4,757.23
HK$10,117.23
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$10,117.23 / 2,123.36
HK$4.76
DB:K20A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:K20A represents 0.08222x of SEHK:852
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08222x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 4.76 x 0.08222
€0.39
Value per share (EUR) From above. €0.39
Current discount Discount to share price of €0.04
= -1 x (€0.04 - €0.39) / €0.39
90.6%

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

Current Discount
Amount off the current price Strong Petrochemical Holdings is available for.
Intrinsic value
>50%
Share price is €0.037 vs Future cash flow value of €0.39177
Current Discount Checks
For Strong Petrochemical Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Strong Petrochemical Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Strong Petrochemical 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 Strong Petrochemical Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Strong Petrochemical Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:K20A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in HKD HK$0.06
SEHK:852 Share Price ** SEHK (2020-03-30) in HKD HK$0.45
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Strong Petrochemical Holdings.

DB:K20A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:852 Share Price ÷ EPS (both in HKD)

= 0.45 ÷ 0.06

7.57x

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

  • Strong Petrochemical Holdings is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Strong Petrochemical Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Strong Petrochemical Holdings's expected growth come at a high price?
Raw Data
DB:K20A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.57x
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 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*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 Strong Petrochemical Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Strong Petrochemical Holdings's assets?
Raw Data
DB:K20A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in HKD HK$0.70
SEHK:852 Share Price * SEHK (2020-03-30) in HKD HK$0.45
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:K20A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:852 Share Price ÷ Book Value per Share (both in HKD)

= 0.45 ÷ 0.70

0.64x

* Primary Listing of Strong Petrochemical Holdings.

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

  • Strong Petrochemical Holdings is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Strong Petrochemical 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. Strong Petrochemical Holdings has a total score of 4/6, 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.

K20A Future Performance

 How is Strong Petrochemical 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 Strong Petrochemical 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%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Strong Petrochemical Holdings expected to grow at an attractive rate?
  • Unable to compare Strong Petrochemical Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Strong Petrochemical Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Strong Petrochemical Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:K20A Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:K20A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:K20A Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-12-31 17,356 126
2019-09-30 19,780 163
2019-06-30 22,204 766 200
2019-03-31 22,508 156 104
2018-12-31 22,811 -454 7
2018-09-30 20,056 -96 -77
2018-06-30 17,301 262 -161
2018-03-31 14,732 798 -70
2017-12-31 12,163 1,334 21
2017-09-30 10,322 428 99
2017-06-30 8,481 -478 177
2017-03-31 8,549 -584 108

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Strong Petrochemical Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Strong Petrochemical 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:K20A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Strong Petrochemical Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:K20A Past Financials Data
Date (Data in HKD Millions) EPS *
2019-12-31 0.06
2019-09-30 0.08
2019-06-30 0.09
2019-03-31 0.05
2018-12-31 0.00
2018-09-30 -0.04
2018-06-30 -0.08
2018-03-31 -0.03
2017-12-31 0.01
2017-09-30 0.05
2017-06-30 0.10
2017-03-31 0.06

*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 Strong Petrochemical Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Strong Petrochemical Holdings is trading at Strong Petrochemical 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. Strong Petrochemical 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. Strong Petrochemical 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 Strong Petrochemical 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.
Strong Petrochemical 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.

K20A Past Performance

  How has Strong Petrochemical 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 Strong Petrochemical 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.
  • Strong Petrochemical Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Strong Petrochemical Holdings's 1-year earnings growth exceeds its 5-year average (1594.9% vs 63%)
  • Strong Petrochemical Holdings's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (1594.9% vs -4.1%).
Earnings and Revenue History
Strong Petrochemical 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 Strong Petrochemical Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:K20A 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 17,356.25 126.30 201.86
2019-09-30 19,780.35 163.22 214.12
2019-06-30 22,204.44 200.13 226.38
2019-03-31 22,507.52 103.79 177.57
2018-12-31 22,810.60 7.45 128.76
2018-09-30 20,055.70 -76.59 127.97
2018-06-30 17,300.79 -160.63 127.17
2018-03-31 14,731.69 -69.70 144.72
2017-12-31 12,162.60 21.23 162.27
2017-09-30 10,321.96 99.14 157.15
2017-06-30 8,481.32 177.06 152.04
2017-03-31 8,549.32 108.08 159.82
2016-12-31 8,617.32 39.11 167.61
2016-09-30 9,357.22 6.14 188.91
2016-06-30 9,126.77 -44.39 183.38
2016-03-31 10,081.19 -14.79 217.46
2015-12-31 11,035.62 14.82 251.54
2015-09-30 11,507.43 -235.82 281.01
2015-06-30 11,736.40 -505.39 294.17
2015-03-31 9,958.71 -430.05 265.33
2014-12-31 8,181.01 -354.72 236.48
2014-06-30 20,174.38 279.36 387.16
2014-03-31 22,455.17 427.15 386.98
2013-12-31 24,735.96 574.93 386.81
2013-09-30 17,933.54 449.68 273.20
2013-06-30 16,512.13 379.20 218.68
2013-03-31 15,090.72 308.72 163.68

*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.
  • Strong Petrochemical Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Strong Petrochemical Holdings used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Strong Petrochemical Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Strong Petrochemical 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.
Strong Petrochemical Holdings has a total score of 3/6, 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.

K20A Health

 How is Strong Petrochemical 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 Strong Petrochemical Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Strong Petrochemical Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Strong Petrochemical Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Strong Petrochemical 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.5x 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 Strong Petrochemical Holdings Company Filings, last reported 2 months ago.

DB:K20A Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,509.33 1,006.50 358.90
2019-09-30 1,509.33 1,006.50 358.90
2019-06-30 1,443.87 187.69 805.71
2019-03-31 1,443.87 187.69 805.71
2018-12-31 1,373.95 14.84 237.77
2018-09-30 1,373.95 14.84 237.77
2018-06-30 1,231.88 604.51 404.73
2018-03-31 1,231.88 604.51 404.73
2017-12-31 1,379.00 0.00 715.39
2017-09-30 1,379.00 0.00 715.39
2017-06-30 1,170.00 771.56 354.14
2017-03-31 1,170.00 771.56 354.14
2016-12-31 1,229.38 1,178.31 259.54
2016-09-30 1,229.38 1,178.31 259.54
2016-06-30 1,100.50 716.39 644.86
2016-03-31 1,100.50 716.39 644.86
2015-12-31 1,119.16 632.93 272.91
2015-09-30 1,119.16 632.93 272.91
2015-06-30 1,071.58 309.48 415.34
2015-03-31 1,071.58 309.48 415.34
2014-12-31 1,104.15 1,733.80 267.48
2014-06-30 1,504.15 1,210.85 208.98
2014-03-31 1,504.15 1,210.85 208.98
2013-12-31 1,450.88 1,732.26 346.82
2013-09-30 1,307.80 850.09 417.07
2013-06-30 1,307.80 850.09 417.07
2013-03-31 1,130.26 551.26 361.86
  • Strong Petrochemical Holdings's level of debt (66.7%) 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 (155.6% vs 66.7% today).
  • Debt is well covered by operating cash flow (76.1%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Strong Petrochemical 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. Strong Petrochemical Holdings has a total score of 4/6, 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.

K20A Dividends

 What is Strong Petrochemical 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 Strong Petrochemical Holdings dividends.
If you bought €2,000 of Strong Petrochemical 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 Strong Petrochemical Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Strong Petrochemical 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:K20A 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 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:K20A Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-18 0.000 0.000
2019-03-27 0.000 0.000
2018-08-30 0.000 0.000
2018-08-23 0.000 0.000
2018-03-22 0.000 0.000
2017-08-28 0.020 1.453
2017-08-17 0.020 1.409
2017-04-10 0.060 7.756
2017-03-23 0.060 9.077
2016-04-07 0.010 2.647
2016-03-23 0.010 2.516
2015-08-24 0.000 0.000
2015-08-18 0.000 0.000
2015-04-01 0.000 0.000
2015-03-19 0.000 0.000
2014-04-07 0.050 6.909
2014-03-25 0.050 4.193
2013-07-05 0.040 3.590
2013-06-24 0.040 4.194
2011-12-08 0.000 0.000
2011-11-28 0.000 0.000
2011-06-30 0.000 0.000
2010-12-06 0.000 0.000
2010-11-29 0.000 0.000
2010-07-19 0.060 4.344
2009-11-23 0.060 3.660

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

  • Unable to perform a dividend volatility check as Strong Petrochemical Holdings has not reported any payouts.
  • Unable to verify if Strong Petrochemical Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Strong Petrochemical Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Strong Petrochemical 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 Strong Petrochemical Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Strong Petrochemical Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Strong Petrochemical 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.

K20A Management

 What is the CEO of Strong Petrochemical 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
Guoliang Yao
COMPENSATION HK$0
AGE 53
TENURE AS CEO 12 years
CEO Bio

Mr. Guoliang Yao founded Strong Petrochemical Holdings Limited in November 1999 and has also been its Chief Executive Officer since February 1, 2008. Leveraging on Mr. Yao's extensive experience in the oil industry, Mr. Yao is responsible for formulating Strong Petrochemical's corporate and business strategies, business development and management, trade solicitation as well as hedging implementation. He has more than 20 years of experience in handling crude oil trading and associated hedging activities. Mr. Yao worked in the crude oil division of Sinochem International Oil Company as a crude oil trader from August 1988 to December 1993. From 1994 to 1997, he was a director of UNIPEC Asia Company Limited and was responsible for general management and oil trading. He has been an Executive Director of Strong Petrochemical Holdings Limited since February 1, 2008. He graduated from University of International Business and Economics in the PRC and was awarded in 1988 with a bachelor's degree in economics.

CEO Compensation
  • Insufficient data for Guoliang to compare compensation growth.
  • Insufficient data for Guoliang to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Jason Wang

TITLE
Chairman
AGE
65

Guoliang Yao

TITLE
Founder
AGE
53
TENURE
12 yrs

Chik Ming Li

TITLE
Chief Financial Officer

Tingting Kuang

TITLE
Managing Director of Strong Singapore
AGE
48
TENURE
1.7 yrs

Leong Ho Lau

TITLE
Company Secretary
AGE
35
Board of Directors Tenure

Average tenure and age of the Strong Petrochemical Holdings board of directors in years:

8.2
Average Tenure
53
Average Age
  • The tenure for the Strong Petrochemical Holdings board of directors is about average.
Board of Directors

Jason Wang

TITLE
Chairman
AGE
65
TENURE
12 yrs

Guoliang Yao

TITLE
Founder
AGE
53
TENURE
12 yrs

Bolivia Cheung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$180K
AGE
52
TENURE
8.2 yrs

Yee Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$150K
AGE
57
TENURE
2.7 yrs

Heng Deng

TITLE
Independent Non-executive Director
COMPENSATION
HK$150K
AGE
49
TENURE
2.2 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 (€)
24. Jun 19 Buy Guoliang Yao Individual 21. Jun 19 21. Jun 19 460,000 €0.04 €18,077
24. Jun 19 Buy Guoliang Yao Individual 20. Jun 19 20. Jun 19 302,000 €0.04 €12,169
X
Management checks
We assess Strong Petrochemical 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. Strong Petrochemical 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.

K20A News

Simply Wall St News

K20A Company Info

Description

Strong Petrochemical Holdings Limited, an investment holding company, engages in trading crude oil, petroleum, petrochemical, and coal products. The company is also involved in the provision of storage services for petroleum products and petrochemicals. It offers its products in Hong Kong, Macao, the People’s Republic of China, Thailand, Malaysia, Korea, the United States, Singapore, the United Arab Emirates, Indonesia, the Philippines, Vietnam, Egypt, India, Japan, Pakistan, Taiwan, and Turkey. The company was founded in 1999 and is headquartered in Admiralty, Hong Kong.

Details
Name: Strong Petrochemical Holdings Limited
K20A
Exchange: DB
Founded: 1999
HK$111,693,742
2,123,364,090
Website: http://www.strongpetrochem.com
Address: Strong Petrochemical Holdings Limited
Far East Finance Centre,
Room 1604,
Admiralty,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 852 New Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 12. Jan 2009
DB K20A New Ordinary Shares Deutsche Boerse AG DE EUR 12. Jan 2009
Number of employees
Current staff
Staff numbers
140
Strong Petrochemical Holdings employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:45
End of day share price update: 2020/03/30 00:00
Last earnings filing: 2020/03/26
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.