Financials Sinopec Oilfield Equipment Corporation

Equities

000852

CNE000000XK7

Oil Related Services and Equipment

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
6.22 CNY -0.80% Intraday chart for Sinopec Oilfield Equipment Corporation -6.18% +1.14%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 4,930 3,499 5,358 5,373 5,877 5,947 -
Enterprise Value (EV) 1 7,641 6,192 8,056 6,857 5,877 5,947 5,947
P/E ratio 198 x 489 x 120 x 99.7 x 63.3 x 35.5 x 27 x
Yield - - - - - - -
Capitalization / Revenue 0.75 x 0.56 x 0.77 x 0.69 x 0.7 x 0.61 x 0.55 x
EV / Revenue 0.75 x 0.56 x 0.77 x 0.69 x 0.7 x 0.61 x 0.55 x
EV / EBITDA 21 x 16.1 x 22.9 x 18.5 x 17.7 x 11.6 x 9.94 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 2.74 x 1.93 x 2.89 x 1.85 x 1.97 x 1.84 x 1.72 x
Nbr of stocks (in thousands) 777,605 777,605 777,605 941,004 955,668 956,142 -
Reference price 2 6.340 4.500 6.890 5.710 6.150 6.220 6.220
Announcement Date 4/13/20 4/14/21 4/28/22 4/27/23 4/25/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 6,588 6,213 6,951 7,752 8,398 9,727 10,875
EBITDA 1 234.4 216.8 234.3 291.2 331.9 514.5 598.3
EBIT 1 55.22 38 43 76.33 113.9 247.6 325.1
Operating Margin 0.84% 0.61% 0.62% 0.98% 1.36% 2.55% 2.99%
Earnings before Tax (EBT) 1 - 48.72 60.21 76.24 120.2 252.2 329.5
Net income 1 24.95 7.121 44.53 51.58 91.96 165.2 221.2
Net margin 0.38% 0.11% 0.64% 0.67% 1.1% 1.7% 2.03%
EPS 2 0.0321 0.009200 0.0573 0.0573 0.0971 0.1750 0.2300
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 4/13/20 4/14/21 4/28/22 4/27/23 4/25/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1 2023 Q2
Net sales - -
EBITDA - -
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 39.47 39.23
Net margin - -
EPS 2 0.0459 0.0413
Dividend per Share - -
Announcement Date 8/17/22 8/10/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 2,711 2,693 2,698 1,484 - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) 11.56 x 12.42 x 11.52 x 5.095 x - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 1.4% 0.39% 2.43% 2.06% 3.1% 5.12% 6.39%
ROA (Net income/ Total Assets) 0.3% - - - - 1.6% 2.2%
Assets 1 8,344 - - - - 10,323 10,055
Book Value Per Share 2 2.310 2.330 2.380 3.080 3.130 3.380 3.610
Cash Flow per Share 2 -0.8200 0.2900 0.3500 0.5100 0.7200 -0.3800 0.6500
Capex 1 102 51.4 188 155 108 219 219
Capex / Sales 1.54% 0.83% 2.7% 2% 1.28% 2.25% 2.01%
Announcement Date 4/13/20 4/14/21 4/28/22 4/27/23 4/25/24 - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
6.22 CNY
Average target price
7.58 CNY
Spread / Average Target
+21.86%
Consensus

Annual profits - Rate of surprise

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