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Chu Kong Petroleum and Natural Gas Steel Pipe Holdings

DB:YCK
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YCK
DB
HK$182M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited, an investment holding company, manufactures, sells, and exports longitudinal welded steel pipes in the People’s Republic of China and internationally. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
  • Chu Kong Petroleum and Natural Gas Steel Pipe Holdings has significant price volatility in the past 3 months.
YCK Share Price and Events
7 Day Returns
12%
DB:YCK
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-81.6%
DB:YCK
-57.2%
Europe Energy Services
-20.9%
DE Market
YCK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (YCK) 12% -22.2% -46.2% -81.6% -88.8% -95.5%
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • YCK underperformed the Energy Services industry which returned -57.2% over the past year.
  • YCK underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
YCK
Industry
5yr Volatility vs Market

Value

 Is Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings.

DB:YCK 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:YCK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 25%) (3086.52%))
15.078
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:YCK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Chu Kong Petroleum and Natural Gas Steel Pipe 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:YCK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 11.75%)
2020 196.36 Est @ -31.74% 175.72
2021 152.50 Est @ -22.34% 122.11
2022 128.47 Est @ -15.75% 92.06
2023 114.16 Est @ -11.14% 73.20
2024 105.12 Est @ -7.92% 60.32
2025 99.17 Est @ -5.66% 50.92
2026 95.12 Est @ -4.08% 43.71
2027 92.29 Est @ -2.97% 37.95
2028 90.27 Est @ -2.2% 33.21
2029 88.77 Est @ -1.66% 29.23
Present value of next 10 years cash flows CN¥718.00
DB:YCK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥88.77 × (1 + -0.39%) ÷ (11.75% – -0.39%)
CN¥728.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥728.38 ÷ (1 + 11.75%)10
CN¥239.82
DB:YCK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥718.00 + CN¥239.82
CN¥957.82
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥957.82 / 1,011.14
CN¥0.95
DB:YCK Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1938)
1.093
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.95 x 1.093
HK$1.04
Non-primary Listing Adjustment Factor 1 share in DB:YCK represents 0.07778x of SEHK:1938
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.07778x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.04 x 0.07778
€0.08
Value per share (EUR) From above. €0.08
Current discount Discount to share price of €0.01
= -1 x (€0.01 - €0.08) / €0.08
82.6%

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

Current Discount
Amount off the current price Chu Kong Petroleum and Natural Gas Steel Pipe Holdings is available for.
Intrinsic value
>50%
Share price is €0.014 vs Future cash flow value of €0.08056
Current Discount Checks
For Chu Kong Petroleum and Natural Gas Steel Pipe Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:YCK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥-0.14
SEHK:1938 Share Price ** SEHK (2020-04-06) in HKD HK$0.18
SEHK:1938 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥0.16
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings.

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

= SEHK:1938 Share Price ÷ EPS (both in CNY)

= 0.16 ÷ -0.14

-1.2x

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

  • Chu Kong Petroleum and Natural Gas Steel Pipe Holdings is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Chu Kong Petroleum and Natural Gas Steel Pipe Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's expected growth come at a high price?
Raw Data
DB:YCK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's assets?
Raw Data
DB:YCK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥0.05
SEHK:1938 Share Price * SEHK (2020-04-06) in HKD HK$0.18
SEHK:1938 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥0.16
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:YCK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1938 Share Price ÷ Book Value per Share (both in CNY)

= 0.16 ÷ 0.05

3.03x

* Primary Listing of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings.

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

  • Chu Kong Petroleum and Natural Gas Steel Pipe Holdings is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Chu Kong Petroleum and Natural Gas Steel Pipe 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 Energy Services 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 Energy Services industry average (and greater than 0)? (1 check)
  5. Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe 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
21.1%
Expected Energy Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chu Kong Petroleum and Natural Gas Steel Pipe Holdings expected to grow at an attractive rate?
  • Unable to compare Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:YCK Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:YCK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:YCK Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 1,194 311 -139
2019-09-30 1,415 360 -269
2019-06-30 1,637 408 -398
2019-03-31 1,629 226 -449
2018-12-31 1,620 44 -499
2018-09-30 1,276 230 -661
2018-06-30 931 416 -824
2018-03-31 902 487 -848
2017-12-31 873 558 -872
2017-09-30 973 676 -1,238
2017-06-30 1,073 795 -1,604
2017-03-31 1,258 879 -1,550

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Chu Kong Petroleum and Natural Gas Steel Pipe Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Chu Kong Petroleum and Natural Gas Steel Pipe 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:YCK 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YCK Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 -0.14
2019-09-30 -0.27
2019-06-30 -0.39
2019-03-31 -0.44
2018-12-31 -0.49
2018-09-30 -0.65
2018-06-30 -0.81
2018-03-31 -0.84
2017-12-31 -0.86
2017-09-30 -1.22
2017-06-30 -1.59
2017-03-31 -1.53

*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 Chu Kong Petroleum and Natural Gas Steel Pipe 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 YCK’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. Chu Kong Petroleum and Natural Gas Steel Pipe 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. Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe 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.
Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's growth in the last year to its industry (Energy Services).
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.
  • Chu Kong Petroleum and Natural Gas Steel Pipe Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YCK Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,193.96 -138.89 391.86
2019-09-30 1,415.28 -268.67 372.38
2019-06-30 1,636.61 -398.46 393.90
2019-03-31 1,628.53 -448.64 426.83
2018-12-31 1,620.46 -498.81 459.76
2018-09-30 1,275.72 -661.42 533.14
2018-06-30 930.99 -824.03 565.52
2018-03-31 902.14 -848.12 574.24
2017-12-31 873.29 -872.22 582.96
2017-09-30 973.01 -1,237.92 604.95
2017-06-30 1,072.73 -1,603.61 626.93
2017-03-31 1,258.11 -1,549.71 621.17
2016-12-31 1,443.49 -1,495.80 615.40
2016-09-30 1,821.38 -762.21 592.92
2016-06-30 2,199.26 -28.62 570.45
2016-03-31 2,369.22 -4.92 591.07
2015-12-31 2,539.18 18.79 611.69
2015-09-30 2,431.52 -308.60 644.85
2015-06-30 2,323.87 -636.00 678.01
2015-03-31 2,501.53 -497.62 635.44
2014-12-31 2,679.19 -359.25 592.87
2014-09-30 2,495.08 -159.08 547.84
2014-06-30 2,310.97 41.08 502.81
2014-03-31 2,169.01 41.28 485.93
2013-12-31 2,027.06 41.47 469.05
2013-09-30 2,547.82 126.67 412.56
2013-06-30 3,068.58 211.87 356.08

*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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Chu Kong Petroleum and Natural Gas Steel Pipe Holdings used its assets less efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • It is difficult to establish if Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe 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 Energy Services 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.
Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chu Kong Petroleum and Natural Gas Steel Pipe Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Chu Kong Petroleum and Natural Gas Steel Pipe 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 not covered by short term assets, assets are 0.8x 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Company Filings, last reported 3 months ago.

DB:YCK Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 54.97 5,129.83 58.59
2019-09-30 54.97 5,129.83 58.59
2019-06-30 13.81 6,064.68 84.10
2019-03-31 13.81 6,064.68 84.10
2018-12-31 230.27 6,374.07 251.40
2018-09-30 230.27 6,374.07 251.40
2018-06-30 501.65 6,164.31 354.14
2018-03-31 501.65 6,164.31 354.14
2017-12-31 846.07 5,775.14 95.30
2017-09-30 846.07 5,775.14 95.30
2017-06-30 1,267.85 6,367.75 45.77
2017-03-31 1,267.85 6,367.75 45.77
2016-12-31 1,567.89 6,112.78 472.52
2016-09-30 1,567.89 6,112.78 472.52
2016-06-30 2,907.48 5,659.42 99.55
2016-03-31 2,907.48 5,659.42 99.55
2015-12-31 3,199.90 6,001.21 465.71
2015-09-30 3,199.90 6,001.21 465.71
2015-06-30 3,072.42 6,294.39 309.43
2015-03-31 3,072.42 6,294.39 309.43
2014-12-31 3,269.12 5,746.54 927.22
2014-09-30 3,269.12 5,746.54 927.22
2014-06-30 3,678.33 5,614.99 726.13
2014-03-31 3,678.33 5,614.99 726.13
2013-12-31 3,619.07 5,733.19 1,715.40
2013-09-30 3,619.07 5,733.19 1,715.40
2013-06-30 3,698.54 4,501.30 1,240.11
  • Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's level of debt (9332.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (176.1% vs 9332.2% today).
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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Chu Kong Petroleum and Natural Gas Steel Pipe Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -41.3% per year.
X
Financial health checks
We assess Chu Kong Petroleum and Natural Gas Steel Pipe 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. Chu Kong Petroleum and Natural Gas Steel Pipe 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.

Dividends

 What is Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings dividends.
If you bought €2,000 of Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Chu Kong Petroleum and Natural Gas Steel Pipe 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:YCK 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 Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:YCK Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2015-03-31 0.000 0.000
2014-09-12 0.000 0.000
2014-08-29 0.000 0.000
2014-04-16 0.000 0.000
2014-03-28 0.000 0.000
2013-04-16 0.059 2.912
2013-03-25 0.061 2.127
2012-03-22 0.046 1.976
2011-03-29 0.020 1.029

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

  • Unable to perform a dividend volatility check as Chu Kong Petroleum and Natural Gas Steel Pipe Holdings has not reported any payouts.
  • Unable to verify if Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chu Kong Petroleum and Natural Gas Steel Pipe 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 Chu Kong Petroleum and Natural Gas Steel Pipe 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
David Chen
COMPENSATION CN¥1,892,000
AGE 73
CEO Bio

Mr. Chang Chen, also known as David, founded Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited in June 1993. Mr. Chen serves as the Chief Executive Officer of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited. Mr. Chen's roles in Chu Kong Petroleum & Natural Gas Steel Pipe and Hualong Anti-Corrosion include overseeing their overall strategic development, soliciting for business opportunities, having regular meetings with senior management and staff and conducting site visits at the production factories. Before the establishment of Chu Kong Petroleum & Natural Gas Steel Pipe in June 1993, Mr. Chen worked for over 30 years in the areas related to woodwork, machine tool equipment and lift/escalator equipment and accumulated experience and knowledge on mechanical and electrical industry. Mr. Chen's main role in Crown Central during the Track Record Period was to formulate the overall strategies for enhancing the image of Chu Kong Petroleum and Natural Gas Steel Pipe to its overseas customers through Crown Central. At GPR Companies, Mr. Chen's main role therein include the preliminary preparation work and the making of start-up plans regarding the establishment of it. Mr. Chen serves as an Executive Chairman of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited and has been its Executive Director since January 23, 2010. He served as a Director of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings since January 9, 2008. Mr. Chen was appointed by several steel pipe related associations and organisations for various positions, including, the Vice President of (China Township Enterprises Association*), the Vice Chairman of (The Fourth Session of Board of Directors*) and (The Fifth Session of Board of Directors*) by CSPA in 2004 and 2008, respectively and the Member of (The Fourth Session of Welded Steel Pipe Academic Committee*) by (The Steel Rolling Branch Association of the Chinese Society for Metals*) in 2001. Mr. Chen was awarded with various honours and obtained different qualifications. In 2004, he was honoured by Ministry of Commerce, Industry and Energy of Republic of Korea for his contribution to Korean economic development through trade revitalisation and was also elected as (Excellent Entrepreneur in Chinese Private Technology Enterprises*) by All-China Federation of Industry & Commerce. In 2007, he was elected as the winner of (The First Prize of Science and Technology Awards*) by (Guangzhou Municipality People’s Government*), and as authority expert of welded pipe industry by (Chinese International Authority Expert’s Association*). In 2008, Mr. Chen was awarded the gold prize for his invention, (Threeroller forming technology and equipment*), in (The Sixth Session of International Exhibition of Inventions*), and was awarded an outstanding award by (Guangdong Provincial Bureau of Personnel*) and (Guangdong Province Intellectual Property Department*). In October 1995, he graduated from the graduate school of (Sun Yat-Sen University*) in Guangdong Province, the PRC, majoring in Decision Management. In 1997, Mr. Chen was accredited as a Senior Economist by (Guangdong Provincial Bureau of Personnel*).

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

David Chen

TITLE
Founder
COMPENSATION
CN¥2M
AGE
73

Lilian Chen

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
42

Sally Chen

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
40

Pui Wong

TITLE
CFO & Company Secretary
AGE
42
TENURE
9 yrs

Shelldy Cheung

TITLE
Head of Corporate Finance & Investor Relations

Yu Heng Li

TITLE
Chief Operation Officer of PCKSP
AGE
37
TENURE
3.7 yrs
Board of Directors Tenure

Average tenure and age of the Chu Kong Petroleum and Natural Gas Steel Pipe Holdings board of directors in years:

10.3
Average Tenure
53.5
Average Age
  • The average tenure for the Chu Kong Petroleum and Natural Gas Steel Pipe Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

David Chen

TITLE
Founder
COMPENSATION
CN¥2M
AGE
73

Lilian Chen

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
42
TENURE
12.1 yrs

Sally Chen

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
40
TENURE
12.1 yrs

Ping Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥198K
AGE
53
TENURE
10.3 yrs

Xiao Tian

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥198K
AGE
66
TENURE
5.7 yrs

Kwong Wah Au-Yeung

TITLE
Independent Non-Executive Director
AGE
54
TENURE
0.5 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 Chu Kong Petroleum and Natural Gas Steel Pipe 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. Chu Kong Petroleum and Natural Gas Steel Pipe 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

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited, an investment holding company, manufactures, sells, and exports longitudinal welded steel pipes in the People’s Republic of China and internationally. It operates in two segments, Steel Pipes, and Property Development and Investment. The company offers longitudinal and spiral submerged arc-welded steel pipes. It also trades in steel pipes; manufactures and sells petrol fittings, oil country tubular goods, steel pipe equipment and metallurgy equipment, and screw-thread steels; and provides steel pipe casing and lining, market management, and port services. In addition, the company engages in the property investment, development, and management activities; and provision of manufacturing service for processing raw materials into steel pipes. Its steel pipes are primarily used for energy transmission, including oil and gas transmission pipelines, deep sea pipelines, city gas networks, and petrochemicals, as well as the mining, infrastructure construction, offshore engineering, steel structure, and water utilities industries. The company was founded in 1993 and is headquartered in Tsim Sha Tsui, Hong Kong. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited is a subsidiary of Bournam Profits Limited.

Details
Name: Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited
YCK
Exchange: DB
Founded: 1993
HK$21,759,779
1,011,142,000
Website: http://www.pck.com.cn
Address: Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited
Tower 3,
Suite 1-2 & 19, 15th Floor,
Tsim Sha Tsui,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1938 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 10. Feb 2010
DB YCK Ordinary Shares Deutsche Boerse AG DE EUR 10. Feb 2010
Number of employees
Current staff
Staff numbers
1,162
Chu Kong Petroleum and Natural Gas Steel Pipe Holdings employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 22:59
End of day share price update: 2020/04/06 00:00
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.