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Primeline Energy Holdings

DB:P7K
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
P7K
DB
CA$11M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Primeline Energy Holdings Inc. engages in the exploration, development, and production of offshore oil and gas properties in the People’s Republic of China. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Primeline Energy Holdings has significant price volatility in the past 3 months.
P7K Share Price and Events
7 Day Returns
0%
DB:P7K
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-43.8%
DB:P7K
21.9%
DE Oil and Gas
-17.7%
DE Market
P7K Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Primeline Energy Holdings (P7K) 0% -85% 800% -43.8% -96.6% -98.7%
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
  • P7K underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • P7K underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
P7K
Industry
5yr Volatility vs Market

Value

 Is Primeline 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 Primeline 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 Primeline Energy Holdings.

DB:P7K 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 11.8%
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:P7K
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%) (2221.7%))
9.892
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.07%)
11.75%

Discounted Cash Flow Calculation for DB:P7K using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Primeline 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:P7K DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 11.75%)
2020 85.34 Est @ -35.05% 76.37
2021 64.30 Est @ -24.65% 51.49
2022 53.13 Est @ -17.37% 38.07
2023 46.61 Est @ -12.28% 29.89
2024 42.55 Est @ -8.71% 24.41
2025 39.90 Est @ -6.22% 20.49
2026 38.12 Est @ -4.47% 17.52
2027 36.88 Est @ -3.24% 15.17
2028 36.00 Est @ -2.39% 13.25
2029 35.36 Est @ -1.79% 11.64
Present value of next 10 years cash flows CN¥298.00
DB:P7K DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥35.36 × (1 + -0.39%) ÷ (11.75% – -0.39%)
CN¥290.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥290.12 ÷ (1 + 11.75%)10
CN¥95.52
DB:P7K Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥298.00 + CN¥95.52
CN¥393.52
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥393.52 / 222.77
CN¥1.77
DB:P7K Discount to Share Price
Calculation Result
Exchange Rate CNY/CAD
(Reporting currency to currency of TSXV:PEH)
0.198
Value per Share
(CAD)
= Value per Share in CNY x Exchange Rate (CNY/CAD)
= CN¥1.77 x 0.198
CA$0.35
Non-primary Listing Adjustment Factor 1 share in DB:P7K represents 0.15x of TSXV:PEH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.15x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 0.35 x 0.15
€0.05
Value per share (EUR) From above. €0.05
Current discount Discount to share price of €0.00
= -1 x (€0.00 - €0.05) / €0.05
91.4%

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

Current Discount
Amount off the current price Primeline Energy Holdings is available for.
Intrinsic value
>50%
Share price is €0.0045 vs Future cash flow value of €0.05256
Current Discount Checks
For Primeline Energy Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Primeline Energy Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Primeline 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 Primeline Energy Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Primeline Energy Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:P7K PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥-1.01
TSXV:PEH Share Price ** TSXV (2020-03-30) in CAD CA$0.03
TSXV:PEH Share Price converted to CNY reporting currency Exchange rate (CAD/ CNY) 5.042 CN¥0.15
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 Primeline Energy Holdings.

DB:P7K PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:PEH Share Price ÷ EPS (both in CNY)

= 0.15 ÷ -1.01

-0.15x

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

  • Primeline Energy Holdings is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Primeline Energy Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Primeline Energy Holdings's expected growth come at a high price?
Raw Data
DB:P7K PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.15x
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 Primeline Energy Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Primeline Energy Holdings's assets?
Raw Data
DB:P7K PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥-0.71
TSXV:PEH Share Price * TSXV (2020-03-30) in CAD CA$0.03
TSXV:PEH Share Price converted to CNY reporting currency Exchange rate (CAD/ CNY) 5.042 CN¥0.15
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:P7K PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:PEH Share Price ÷ Book Value per Share (both in CNY)

= 0.15 ÷ -0.71

-0.21x

* Primary Listing of Primeline Energy Holdings.

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

  • Primeline Energy Holdings has negative assets, we can't compare the value of its assets to the DE Oil and Gas industry average.
X
Value checks
We assess Primeline 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. Primeline Energy Holdings has a total score of 2/6, 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 Primeline 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 Primeline 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%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Primeline Energy Holdings expected to grow at an attractive rate?
  • Unable to compare Primeline Energy Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Primeline Energy Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Primeline Energy Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:P7K 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:P7K 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 CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:P7K Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 255 147 -208
2019-09-30 270 136 -240
2019-06-30 305 155 -283
2019-03-31 372 230 -302
2018-12-31 439 291 -280
2018-09-30 491 367 -215
2018-06-30 498 360 -66
2018-03-31 505 218 19
2017-12-31 670 436 140
2017-09-30 637 385 9
2017-06-30 572 360 -50
2017-03-31 481 423 -131

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Primeline Energy Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Primeline 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:P7K 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 Primeline Energy Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:P7K Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 -1.01
2019-09-30 -1.18
2019-06-30 -1.42
2019-03-31 -1.53
2018-12-31 -1.43
2018-09-30 -1.11
2018-06-30 -0.34
2018-03-31 0.10
2017-12-31 0.73
2017-09-30 0.05
2017-06-30 -0.27
2017-03-31 -0.70

*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 Primeline Energy 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 P7K’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. Primeline 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. Primeline 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 Primeline 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.
Primeline 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 Primeline 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 Primeline 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.
  • Primeline Energy Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Primeline Energy Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Primeline Energy Holdings's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Primeline 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 Primeline Energy Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:P7K Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 254.84 -207.78 9.15
2019-09-30 269.56 -239.55 13.02
2019-06-30 305.34 -282.73 52.09
2019-03-31 372.34 -301.57 55.38
2018-12-31 438.70 -279.54 67.70
2018-09-30 491.05 -215.06 69.79
2018-06-30 498.41 -66.47 32.91
2018-03-31 504.82 19.03 33.07
2017-12-31 670.25 139.51 26.30
2017-09-30 637.10 8.56 23.62
2017-06-30 572.47 -50.13 23.83
2017-03-31 480.89 -130.53 23.08
2016-12-31 242.22 -298.31 18.70
2016-09-30 234.38 -280.01 15.00
2016-06-30 214.02 -314.32 14.99
2016-03-31 178.55 -259.06 13.92
2015-12-31 213.87 -224.43 11.63
2015-09-30 195.51 -134.26 12.03
2015-06-30 171.87 -51.27 10.78
2015-03-31 163.77 -17.01 8.73
2014-12-31 67.58 -16.45 7.28
2014-09-30 -2.89 7.36
2014-06-30 -4.47 7.52
2014-03-31 -4.74 8.99
2013-12-31 -4.42 10.48
2013-09-30 -4.87 10.73
2013-06-30 -5.93 10.68
2013-03-31 -4.30 9.17

*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 Primeline Energy Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Primeline Energy 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 Primeline Energy 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 Primeline 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.
Primeline Energy 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.

Health

 How is Primeline 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 Primeline Energy Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Primeline Energy Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Primeline Energy Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Primeline 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.
  • Primeline Energy Holdings has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 Primeline Energy Holdings Company Filings, last reported 2 months ago.

DB:P7K Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -149.84 1,247.66 48.49
2019-09-30 -125.11 1,286.66 42.43
2019-06-30 -31.19 1,250.02 24.64
2019-03-31 45.35 1,256.01 61.52
2018-12-31 53.81 1,283.46 49.23
2018-09-30 107.56 1,402.10 204.40
2018-06-30 240.91 1,345.00 152.45
2018-03-31 336.18 1,426.19 256.89
2017-12-31 322.85 1,502.04 129.81
2017-09-30 314.72 1,746.66 217.21
2017-06-30 302.34 1,781.52 172.92
2017-03-31 312.40 1,844.93 307.42
2016-12-31 178.86 1,869.02 9.89
2016-09-30 301.98 1,800.13 26.18
2016-06-30 349.34 1,793.47 8.89
2016-03-31 439.71 1,846.43 150.57
2015-12-31 557.21 1,834.78 89.18
2015-09-30 578.12 1,798.56 148.07
2015-06-30 480.94 1,265.37 71.57
2015-03-31 625.51 1,692.30 68.95
2014-12-31 453.26 1,283.02 131.25
2014-09-30 460.15 56.96 6.04
2014-06-30 457.80 48.21 3.24
2014-03-31 454.18 27.62 24.65
2013-12-31 449.92 27.65 26.16
2013-09-30 404.73 52.57 5.15
2013-06-30 403.75 46.97 3.90
2013-03-31 404.15 42.77 5.04
  • Primeline Energy Holdings has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Primeline Energy Holdings's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Primeline Energy Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Primeline Energy Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -45.9% per year.
X
Financial health checks
We assess Primeline 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. Primeline Energy Holdings has a total score of 2/6, 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 Primeline 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
0%
Current annual income from Primeline Energy Holdings dividends.
If you bought €2,000 of Primeline Energy 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 Primeline Energy Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Primeline Energy 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:P7K 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.

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

  • Unable to perform a dividend volatility check as Primeline Energy Holdings has not reported any payouts.
  • Unable to verify if Primeline Energy Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Primeline Energy Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Primeline Energy 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 Primeline Energy 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 Primeline Energy Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Primeline Energy 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.

Management

 What is the CEO of Primeline 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.
CEO
Andrew Biggs
COMPENSATION CN¥355,121
AGE 69
TENURE AS CEO 1 years
CEO Bio

Mr. Andrew Biggs has been Senior Vice President and General Counsel at Primeline Energy Holdings, Inc. since April 01, 2010, Company Secretary since June 19, 2013 and as it's Chief Executive Officer since March 31, 2019. Mr. Biggs serves as Corporate Affairs Director of Parkview International London PLC. He has been Corporate Affairs Director and General Counsel at Hong Kong Parkview Group Ltd since 1998. He was a Partner of Richards Butler from 1981 to 1998. He worked primarily on Hong Kong/Asian M&A and corporate finance transactions. He was involved in many of the early H-share listings of mainland Chinese Companies on the Hong Kong Stock Exchange and dealt with numerous M & A and financing transactions in China. He has worked for Primeline full time since 2007. He serves as a Non-Executive Director at Pinnacle Regeneration Group Limited. Mr. Biggs serves as a Non-Executive Director of Blooms of Bressingham Holdings PLC. He serves as a non-executive Director of Pinnacle PSG Limited and Think Cards Limited. He is qualified as a solicitor in England and in Hong Kong.

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

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

2.7
Average Tenure
68
Average Age
  • The tenure for the Primeline Energy Holdings management team is about average.
Management Team

Victor Yiou

TITLE
Chairman & President
AGE
65

Andrew Biggs

TITLE
Senior VP
COMPENSATION
CN¥355K
AGE
69
TENURE
1 yrs

John Li

TITLE
Interim Chief Financial Officer
COMPENSATION
CN¥20K
TENURE
2.7 yrs

Brian Thurley

TITLE
Technical Director
AGE
68
TENURE
3.5 yrs

Alan Soulsby

TITLE
Senior Consultant
Board of Directors Tenure

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

24.8
Average Tenure
64
Average Age
  • The average tenure for the Primeline Energy Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Victor Yiou

TITLE
Chairman & President
AGE
65

Peter C. Kelty

TITLE
Independent Director
COMPENSATION
CN¥25K
TENURE
24.8 yrs

Ming Wang Guang

TITLE
Director
COMPENSATION
CN¥621K
TENURE
19.7 yrs

Alan Peter Johnson

TITLE
Independent Director
COMPENSATION
CN¥25K
TENURE
24.9 yrs

Vincent Lien

TITLE
Independent Director
COMPENSATION
CN¥25K
AGE
58
TENURE
7 yrs

Brian Chan

TITLE
Director
AGE
64
TENURE
24.9 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 Primeline 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. Primeline 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

Primeline Energy Holdings Inc. engages in the exploration, development, and production of offshore oil and gas properties in the People’s Republic of China. The company has 100% contractor’s interest in the petroleum contract with China National Offshore Oil Corporation for Block 33/07 that covers an area of 4,397 square kilometers; and 49% interest in the producing LS36-1 gas field in Block 25/34 that covers an area of 84.7 square kilometers in the East China Sea. Primeline Energy Holdings Inc. was founded in 1993 and is headquartered in Hong Kong, Hong Kong.

Details
Name: Primeline Energy Holdings Inc.
P7K
Exchange: DB
Founded: 1993
CA$7,137,847
222,765,117
Website: http://www.primelineenergy.com
Address: Primeline Energy Holdings Inc.
Hong Kong Parkview,
88, Tai Tam Reservoir Road,
Hong Kong,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV PEH Common Shares TSX Venture Exchange CA CAD 06. Sep 1988
OTCPK PMEH.F Common Shares Pink Sheets LLC US USD 06. Sep 1988
DB P7K Common Shares Deutsche Boerse AG DE EUR 06. Sep 1988
Number of employees
Current staff
Staff numbers
21
Primeline Energy Holdings employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:13
End of day share price update: 2020/03/30 00:00
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


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.