Estimating The Intrinsic Value Of Suzhou Douson Drilling & Production Equipment Co.,Ltd. (SHSE:603800)
May 28
Chinese (SSE) Energy Services Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies28
- 7D-1.3%
- 3M10.0%
- 1Y2.5%
- YTD6.3%
Over the last 7 days, the Energy Services industry has dropped 1.3%, driven by COFCO Capital Holdings declining 3.5%. In contrast, Yantai Jereh Oilfield Services Group has gained 6.6%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Chinese Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | CN¥223.9b | CN¥244.1b | CN¥11.5b | 23.7x | 19.5x | 0.9x |
| Fri, 26 Apr 2024 | CN¥223.1b | CN¥241.8b | CN¥11.1b | 22.2x | 20.1x | 0.9x |
| Sun, 24 Mar 2024 | CN¥209.0b | CN¥240.1b | CN¥10.6b | 23.4x | 19.8x | 0.9x |
| Tue, 20 Feb 2024 | CN¥196.2b | CN¥243.8b | CN¥11.2b | 21.8x | 17.6x | 0.8x |
| Thu, 18 Jan 2024 | CN¥203.7b | CN¥243.0b | CN¥10.0b | 25.7x | 20.4x | 0.8x |
| Sat, 16 Dec 2023 | CN¥207.5b | CN¥243.0b | CN¥10.0b | 26.8x | 20.8x | 0.9x |
| Mon, 13 Nov 2023 | CN¥213.9b | CN¥240.7b | CN¥9.9b | 28x | 21.6x | 0.9x |
| Wed, 11 Oct 2023 | CN¥227.2b | CN¥239.8b | CN¥9.7b | 27.8x | 23.5x | 0.9x |
| Fri, 08 Sep 2023 | CN¥224.9b | CN¥239.8b | CN¥9.7b | 28x | 23.3x | 0.9x |
| Sun, 06 Aug 2023 | CN¥229.2b | CN¥239.4b | CN¥9.6b | 30x | 23.9x | 1x |
| Tue, 04 Jul 2023 | CN¥221.0b | CN¥239.8b | CN¥9.7b | 30.5x | 22.9x | 0.9x |
| Thu, 01 Jun 2023 | CN¥216.5b | CN¥239.8b | CN¥9.7b | 30.3x | 22.4x | 0.9x |
| Sat, 29 Apr 2023 | CN¥232.3b | CN¥236.4b | CN¥9.3b | 36.3x | 24.9x | 1x |
| Mon, 27 Mar 2023 | CN¥218.9b | CN¥235.0b | CN¥7.4b | 45.8x | 29.4x | 0.9x |
| Wed, 22 Feb 2023 | CN¥230.4b | CN¥233.3b | CN¥6.8b | 54.5x | 34.1x | 1x |
| Fri, 20 Jan 2023 | CN¥221.4b | CN¥233.3b | CN¥6.8b | 47.4x | 32.7x | 0.9x |
| Sun, 18 Dec 2022 | CN¥217.1b | CN¥233.3b | CN¥6.8b | 41.7x | 32.1x | 0.9x |
| Tue, 15 Nov 2022 | CN¥212.5b | CN¥233.3b | CN¥6.8b | 43.2x | 31.4x | 0.9x |
| Thu, 13 Oct 2022 | CN¥212.1b | CN¥229.0b | CN¥6.3b | 42.5x | 33.9x | 0.9x |
| Sat, 10 Sep 2022 | CN¥229.1b | CN¥229.0b | CN¥6.3b | 46.7x | 36.6x | 1x |
| Mon, 08 Aug 2022 | CN¥209.2b | CN¥217.6b | CN¥5.4b | 45.2x | 39x | 1x |
| Wed, 06 Jul 2022 | CN¥210.1b | CN¥217.9b | CN¥5.4b | 46.1x | 38.8x | 1x |
| Fri, 03 Jun 2022 | CN¥214.1b | CN¥217.9b | CN¥5.4b | 50.4x | 39.5x | 1x |
| Sun, 01 May 2022 | CN¥183.2b | CN¥211.8b | CN¥6.2b | 39.9x | 29.8x | 0.9x |
| Tue, 29 Mar 2022 | CN¥221.3b | CN¥204.6b | CN¥5.6b | 36.3x | 39.6x | 1.1x |
| Thu, 24 Feb 2022 | CN¥231.5b | CN¥201.5b | CN¥6.2b | 37.5x | 37.1x | 1.1x |
| Sat, 22 Jan 2022 | CN¥223.8b | CN¥200.4b | CN¥6.3b | 35.3x | 35.8x | 1.1x |
| Mon, 20 Dec 2021 | CN¥225.9b | CN¥199.9b | CN¥6.2b | 31.7x | 36.5x | 1.1x |
| Wed, 17 Nov 2021 | CN¥214.5b | CN¥199.9b | CN¥6.2b | 30.9x | 34.6x | 1.1x |
| Fri, 15 Oct 2021 | CN¥224.3b | CN¥193.4b | CN¥5.9b | 26.9x | 37.8x | 1.2x |
| Sun, 12 Sep 2021 | CN¥229.1b | CN¥193.4b | CN¥5.9b | 28.3x | 38.6x | 1.2x |
| Tue, 10 Aug 2021 | CN¥202.0b | CN¥193.4b | CN¥5.9b | 27.8x | 34.1x | 1x |
Price to Earnings Ratio
39x
Current Industry PE
- Investors are pessimistic on the Chinese Energy Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 19.5x which is lower than its 3-year average PE of 30.5x.
- The industry is trading close to its 3-year average PS ratio of 0.98x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 31% per year over the last three years.
- Revenues for these companies have grown 9.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Chinese Energy industry?
| CN Market | -2.58% | |
| Energy | 0.11% | |
| Energy Services | -1.29% | |
| Oil and Gas Services | -1.25% | |
| Oil and Gas Drilling | -5.66% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio of 16.7x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Oil and Gas Services industry, which is trading below its 3-year average of 29.9x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings growth rate of 8.0% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 18% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2353 Yantai Jereh Oilfield Services Group | CN¥35.05 | 6.6% +CN¥2.2b | 43.6% | PE14.4x | |
| 600968 CNOOC Energy Technology & Services | CN¥4.36 | 3.3% +CN¥1.4b | 32.1% | PE14x | |
| 603619 Zhongman Petroleum and Natural Gas GroupLtd | CN¥27.28 | 8.4% +CN¥839.8m | 68.3% | PE14.1x | |
| 600583 Offshore Oil EngineeringLtd | CN¥6.33 | 1.1% +CN¥309.5m | 3.1% | PE17x | |
| 603727 BOMESC Offshore Engineering | CN¥15.24 | 3.1% +CN¥129.6m | 33.3% | PS2.2x |
