Sinopec Oilfield Service Corporation Class H (HK:1033)
:1033
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Sinopec Oilfield Service
(1033)
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Rating:56Neutral
Price Target:
HK$0.95
▲(28.11% Upside)
Action:ReiteratedDate:03/17/26
The score is held back primarily by balance-sheet risk from high leverage and thin profitability, despite stable revenue and improved operating performance. Technicals are moderately supportive with a positive longer-term trend, and valuation looks reasonable on a mid-level P/E, but not strong enough to outweigh financial risk.
Positive Factors
Improved Cash Generation
A clear rebound to positive free cash flow in 2025 shows the business can convert operations into cash when conditions improve. Durable cash generation supports reinvestment, servicing debt, and targeted capital spending, improving resilience across commodity cycles.
Negative Factors
High Leverage
Elevated leverage materially constrains financial flexibility and raises refinancing and covenant risk if industry conditions soften. High debt limits capacity to fund growth, capital expenditure, or meaningful shareholder returns without improving operating cash flow or deleveraging.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Cash Generation
A clear rebound to positive free cash flow in 2025 shows the business can convert operations into cash when conditions improve. Durable cash generation supports reinvestment, servicing debt, and targeted capital spending, improving resilience across commodity cycles.
Read all positive factors
Sinopec Oilfield Service (1033) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$50.48B
Dividend YieldN/A
Average Volume (3M)118.17M
Price to Earnings (P/E)―
Beta (1Y)0.81
Revenue Growth1.90%
EPS Growth-8.51%
CountryHK
Employees60,162
SectorEnergy
Sector Strength52
IndustryOil & Gas Drilling
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding5,410,033,700
10 Day Avg. Volume95,175,998
30 Day Avg. Volume118,166,527
Financial Highlights & Ratios
PEG Ratio2.96
Price to Book (P/B)1.28
Price to Sales (P/S)0.15
P/FCF Ratio3.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.06
Revenue Forecast (FY)HK$93.96B
Sinopec Oilfield Service Business Overview & Revenue Model
Company Description
Sinopec Oilfield Service Corporation provides petroleum engineering and technology services. It operates through six segments: Geophysics, Drilling Engineering, Logging and Mud Logging, Special Down-Hole Operations, Engineering Construction, and O...
How the Company Makes Money
The company primarily makes money by providing oilfield services to oil and gas producers on a contracted, fee-for-service basis. Its key revenue streams typically come from: (1) drilling-related services (e.g., drilling operations and associated ...
Sinopec Oilfield Service Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
38
Negative
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 80.71B | 81.10B | 79.98B | 73.77B | 69.53B |
| Gross Profit | 6.55B | 6.33B | 5.79B | 5.77B | 5.01B |
| EBITDA | 5.66B | 5.72B | 5.52B | 5.17B | 4.75B |
| Net Income | 658.84M | 631.61M | 589.22M | 475.90M | 179.79M |
Balance Sheet | |||||
| Total Assets | 77.25B | 77.34B | 75.16B | 71.20B | 64.05B |
| Cash, Cash Equivalents and Short-Term Investments | 5.01B | 3.65B | 2.82B | 1.84B | 2.51B |
| Total Debt | 29.76B | 23.17B | 20.54B | 20.42B | 19.76B |
| Total Liabilities | 67.99B | 68.69B | 67.14B | 63.77B | 57.19B |
| Stockholders Equity | 9.25B | 8.65B | 8.02B | 7.43B | 6.86B |
Cash Flow | |||||
| Free Cash Flow | 3.88B | -580.52M | 1.42B | 304.87M | 2.87B |
| Operating Cash Flow | 6.65B | 3.10B | 5.58B | 4.20B | 6.21B |
| Investing Cash Flow | -2.53B | -3.46B | -4.06B | -3.95B | -3.25B |
| Financing Cash Flow | -2.84B | 1.04B | -558.23M | -1.05B | -1.95B |
Sinopec Oilfield Service Technical Analysis
Neutral
0.74
Price Trends
0.99
Negative
0.87
Positive
0.83
Positive
Market Momentum
-0.03
Positive
42.82
Neutral
17.95
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1033, the sentiment is Neutral. The current price of 0.74 is below the 20-day moving average (MA) of 1.02, below the 50-day MA of 0.99, and below the 200-day MA of 0.83, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 42.82 is Neutral, neither overbought nor oversold. The STOCH value of 17.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1033.
Sinopec Oilfield Service Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$3.27B | 5.39 | 8.78% | 3.59% | 10.16% | 49.48% | |
66 Neutral | HK$1.10B | 21.20 | 2.87% | 2.83% | -59.96% | -83.53% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | HK$71.31B | 7.80 | 8.45% | 3.59% | 2.58% | 7.10% | |
58 Neutral | HK$509.37M | 3.80 | 12.68% | ― | -36.59% | 48.63% | |
56 Neutral | HK$50.48B | -287.32 | 7.10% | ― | 1.90% | -8.51% | |
43 Neutral | HK$10.40B | -249.02 | -1.14% | ― | 4.66% | -432.65% |
* Energy Sector Average
HK:1033
Sinopec Oilfield Service
0.92
0.35
61.40%
HK:3337
Anton Oilfield Services Group
1.09
0.18
20.31%
HK:2883
China Oilfield Services
9.27
4.05
77.69%
HK:3303
Jutal Offshore Oil Services
0.44
-0.09
-17.45%
HK:1921
Dalipal Holdings Limited
6.90
-1.53
-18.15%
HK:2178
Petro-king Oilfield Services Ltd.
0.30
0.25
490.00%
Sinopec Oilfield Service Corporate Events
Sinopec Oilfield Service Sets Out Board and Committee Structure
Mar 27, 2026
Sinopec Oilfield Service Corporation has announced the current composition of its board of directors, confirming a mix of executive, non-executive, independent non-executive, and an employee representative director. The company also detailed the m...
Sinopec Oilfield Service Names Li Lizhi Employee Representative Director
Mar 27, 2026
Sinopec Oilfield Service Corporation has elected veteran human resources executive Li Lizhi as the employee representative director on its eleventh board of directors, with a term running from 27 March 2026 until the end of that board’s tenu...
Sinopec Oilfield Service Plans Up to RMB5 Billion Bond Issuance in Shanghai
Mar 16, 2026
Sinopec Oilfield Service Corporation has received board approval, under a prior shareholder mandate, to register and issue up to RMB5 billion in corporate bonds on the Shanghai Stock Exchange. The bonds, to be issued in tranches with maturities of...
Sinopec Oilfield Service Publishes 2025 Audited Annual Results
Mar 16, 2026
Sinopec Oilfield Service Corporation announced its audited annual results for the year ended 31 December 2025, extracted from its 2025 annual report and made available to investors through designated disclosure channels in mainland China and Hong ...
Sinopec Oilfield Service Lifts 2026 Cap on PipeChina Deals to RMB8 Billion
Mar 16, 2026
Sinopec Oilfield Service Corporation has set a 2026 annual cap of RMB8.0 billion for its continuing related transactions with China Oil Gas Pipeline Network Corporation, covering pipeline construction, gas station projects, pipeline operation, ma...
Sinopec Oilfield Service Extends Massive Guarantees to Subsidiaries and Mexican JV
Mar 16, 2026
Sinopec Oilfield Service Corporation has secured shareholder approval to continue providing large-scale guarantees for its wholly owned subsidiaries and a Mexican joint venture, aiming to support international market expansion and daily operations...
Sinopec Oilfield Service Corrects Board Meeting Date in Clarification Notice
Mar 3, 2026
Sinopec Oilfield Service Corporation has issued a clarification regarding a previously announced board meeting, correcting a clerical error in the English version of its 2 March 2026 notice. The company confirmed that the board meeting will take p...
Sinopec Oilfield Service Sets Board Meeting to Approve 2025 Annual Results
Mar 2, 2026
Sinopec Oilfield Service Corporation has scheduled a board meeting for 16 March 2026 to review and approve the audited annual results for the year ended 31 December 2025 and arrange for their publication. The meeting will also address other potent...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.