Offshore Oil Engineering Co Ltd

Chart & Performance

D1W1MN

P/E

14.90

P/S

0.79

EPS

0.37

Div Yield, %

1.87%

Shrs. gr., 5y

2.08%

Rev. gr., 5y

22.71%

Revenues

30.75b

+4.75%

Net income

1.62b

+11.08%

CFO

5.12b

+54.67%

Dividend

Jun 18, 20240.147 CNY/sh

Profile

Offshore Oil Engineering Co., Ltd. operates as an engineering design, procurement, construction, and installation (EPCI) company primarily for the oil and natural gas industry in China and internationally. The company provides construction of offshore oil construction projects, marine engineering, chemical engineering, pressure pipeline, electrical and instrument automation products, special equipment for oil, gas and water treatment equipment, skid-mounted natural gas compressor units, deepwater subsea production systems and facilities, E&I products, technical, submarine pipeline maintenance, and other services for offshore oil underwater projects; oil-gas field development and repair services; and consulting services for deep-sea projects. It also engages in the construction, design, installation, repair, and maintenance of offshore oil-gas projects; contract, design, installation, repair, and relevant business of offshore oil and gas filed development engineering; and provision of EPCI and specialized contract, non-destructive and welding testing, and project contracting services. The company was founded in 2000 and is headquartered in Tianjin, China. Offshore Oil Engineering Co., Ltd. is a subsidiary of China National Offshore Oil Corporation.

URL

https://www.cnoocengineering.com/

IPO date

Feb 05, 2002

Employees

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	30,752,038 4.75%	29,358,368 48.31%	19,795,481 10.82%
Cost of revenue	28,715,630	27,901,928	18,690,599
Unusual Expense (Income)
NOPBT	2,036,408	1,456,440	1,104,882
NOPBT Margin	6.62%	4.96%	5.58%
Operating Taxes	281,599	312,695	200,515
Tax Rate	13.83%	21.47%	18.15%
NOPAT	1,754,809	1,143,746	904,367
Net income	1,620,506 11.08%	1,458,888 294.51%	369,799 1.79%
Dividends	(450,542)	(353,708)	(309,495)
Dividend yield	1.72%	1.32%	1.52%
Proceeds from repurchase of equity
BB yield
Debt
Debt current		627,006	164,984
Long-term debt	353,735	188,775	554,375
Deferred revenue	177,078	167,138	160,059
Other long-term liabilities	341,722	338,090	91,069
Net debt	(15,086,841)	(1,700,186)	(3,701,646)
Cash flow
Cash from operating activities	5,124,924	3,313,487	3,033,220
CAPEX	(847,075)	(469,770)	(1,137,426)
Cash from investing activities	(1,949,980)	(1,818,176)	(2,945,550)
Cash from financing activities	(1,051,768)	(606,428)	(468,821)
FCF	2,289,685	(1,042,248)	1,873,199
Balance
Cash	13,046,047	10,734,735	7,426,960
Long term investments	2,394,529	(8,218,768)	(3,005,954)
Excess cash	13,902,975	1,048,048	3,431,232
Stockholders' equity	20,460,525	21,452,878	18,528,593
Invested Capital	13,681,051	25,741,192	20,117,319
ROIC	8.90%	4.99%	4.73%
ROCE	7.37%	5.42%	4.69%
EV
Common stock shares outstanding	4,421,355	4,421,355	4,421,355
Price	5.94 -1.98%	6.06 31.45%	4.61 2.67%
Market cap	26,262,848 -1.98%	26,793,410 31.45%	20,382,446 2.67%
EV	13,159,767	27,072,815	16,697,023
EBITDA	3,370,349	2,551,795	2,160,688
EV/EBITDA	3.90	10.61	7.73
Interest	31,630	11,767	18,023
Interest/NOPBT	1.55%	0.81%	1.63%