China Oilfield Services Ltd

Chart & Performance

D1W1MN

P/E

17.86

P/S

1.22

EPS

0.35

Div Yield, %

1.66%

Shrs. gr., 5y

-0.05%

Rev. gr., 5y

14.98%

Revenues

44.11b

+23.70%

Net income

3.01b

+27.75%

CFO

13.10b

+89.80%

Dividend

Jun 07, 20240.23059 HKD/sh

Earnings

Mar 24, 2025

Profile

China Oilfield Services Limited, together with its subsidiaries, provides integrated offshore oilfield services in Mainland China and internationally. The company operates through four segments: Drilling Services, Well Services, Marine Support Services, and Geophysical Acquisition and Surveying Services. The Drilling Services segment provides jack-up drilling rig, semi-submersible drilling rig, modular rig, and land drilling rig services; and casting and tubing, and running pipe inspection and repair services. This segment operates and manages 36 jack-up drilling rigs, 12 semi-submersible drilling rigs, and 6 modular rigs. The Well Services segment offers onshore and offshore well services, including logging, drilling and completion fluids, directional drilling, cementing, well completion and workover, stimulation, and oilfield production optimization. The Marine Support Services segment offers anchor handling, towing of drilling rigs/engineering barges, oil lifting, offshore transportation, standby, firefighting, rescue, oil spill assisting, and other marine support services. It operates and manages approximately 130 vessels, including anchor-handling tug/supply, platform supply, and multi-purpose vessels, as well as barges and shuttle-tankers. The Geophysical Acquisition and Surveying Services segment provides marine seismic acquisition, offshore geo-surveying, seismic data processing and interpretation, and underwater engineering services. This segment owns 6 seismic vessels, 2 ocean bottle cable teams, and 5 engineering surveying vessels. China Oilfield Services Limited also issues bonds. The company is based in Sanhe, China. China Oilfield Services Limited is a subsidiary of China National Offshore Oil Corporation.

URL

http://www.cosl.com.cn

IPO date

Nov 20, 2002

Employees

15,151

Domiciled in

Incorporated in

Valuation

Order:

Title CNY in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CNY in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	44,108,616 23.70%	35,658,896 22.11%	29,203,002 0.84%
Cost of revenue	38,578,703	32,420,844	25,524,659
Unusual Expense (Income)
NOPBT	5,529,914	3,238,052	3,678,343
NOPBT Margin	12.54%	9.08%	12.60%
Operating Taxes	960,240	488,360	767,500
Tax Rate	17.36%	15.08%	20.87%
NOPAT	4,569,673	2,749,692	2,910,843
Net income	3,013,255 27.75%	2,358,697 653.15%	313,176 -88.41%
Dividends	(953,455)	(1,700,015)	(1,616,949)
Dividend yield	2.50%	3.76%	4.96%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	5,890,172	7,262,744	10,715,065
Long-term debt	16,473,607	15,526,317	13,296,862
Deferred revenue		204,579	235,852
Other long-term liabilities	1,893,712	487,051	83,348
Net debt	13,084,339	17,679,428	17,651,358
Cash flow
Cash from operating activities	13,095,904	6,899,886	7,423,857
CAPEX	(9,473,764)	(4,142,286)	(3,751,978)
Cash from investing activities	(7,461,359)	(3,733,638)	(4,733,292)
Cash from financing activities	(3,283,833)	(4,867,947)	(4,196,145)
FCF	4,271,301	171,991	6,329,633
Balance
Cash	12,716,533	9,227,287	10,817,014
Long term investments	(3,437,093)	(4,117,654)	(4,456,446)
Excess cash	7,074,009	3,326,688	4,900,418
Stockholders' equity	30,479,789	25,597,165	23,576,974
Invested Capital	58,697,369	58,912,053	56,420,691
ROIC	7.77%	4.77%	5.08%
ROCE	8.41%	5.17%	5.99%
EV
Common stock shares outstanding	4,771,592	4,769,931	4,774,018
Price	7.98 -15.91%	9.49 38.95%	6.83 4.59%
Market cap	38,077,304 -15.88%	45,266,644 38.83%	32,606,540 4.64%
EV	52,360,233	64,086,887	50,676,972
EBITDA	10,071,094	7,409,196	7,677,995
EV/EBITDA	5.20	8.65	6.60
Interest	969,394	763,602	817,569
Interest/NOPBT	17.53%	23.58%	22.23%