Jutal Offshore Oil Services (3303) AI Stock Analysis

• Market Cap: HK$1.29B
• Dividend Yield: 2.83%
• Average Volume (3M): 393.00K
• Price to Earnings (P/E): 17.9
• Beta (1Y): 0.56
• Revenue Growth: -59.96%
• EPS Growth: -83.53%
• Country: HK
• Employees: 2,181
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.03
• Shares Outstanding: 2,488,836,000
• 10 Day Avg. Volume: 419,200
• 30 Day Avg. Volume: 393,000
• PEG Ratio: -0.24
• Price to Book (P/B): 0.63
• Price to Sales (P/S): 0.66
• P/FCF Ratio: 4.04
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: HK$0.57 ▲(7.92% Upside)

Jutal Offshore Oil Services has a solid balance sheet and positive technical indicators, contributing to a stable stock outlook. However, volatility in revenue and cash flow management poses risks that need addressing to improve financial stability.

Positive Factors

Strong Balance Sheet

A solid equity base and falling debt-to-equity provide durable financial flexibility to underwrite large EPCI projects, sustain capital expenditures, and absorb industry cyclicality. This lowers refinancing risk, supports competitive bidding, and enables longer-term partnership strategies.

Long-term, contract-based revenue model

Heavy reliance on milestone-based, long-term EPCI contracts gives multi-period revenue visibility and predictable cash inflows. That structural contract profile supports backlog-backed financing, steadier resource planning, and durable customer relationships important for sustained project pipelines.

Specialized EPCI capabilities

Deep EPCI specialization and offshore technical expertise create high barriers to entry and client switching costs. This capability base supports winning complex, higher-margin projects, fosters long-term client ties, and aligns the firm with structural demand for offshore infrastructure services.

Negative Factors

Sharp revenue decline

A near-60% revenue contraction signals loss of scale or project cancellations that materially weaken operating leverage. Persistently lower revenue reduces fixed-cost coverage, diminishes investment capacity for vessels and equipment, and raises strategic execution and competitiveness risks.

Erratic operating cash flows

Inconsistent operating cash flows and a notable 2024 drop constrain internal funding for capex and working capital. Ongoing cash volatility forces reliance on external financing or asset sales, weakening resilience to project overruns and prolonging recovery during industry downturns.

Volatile margins and operational efficiency

Material margin variability points to inconsistent cost control, contract pricing pressure, or adverse project mix. Such earnings unpredictability undermines free-cash-flow reliability, complicates long-term planning and budgeting, and reduces pricing power on future competitive tenders.

Jutal Offshore Oil Services Business Overview & Revenue Model

Company Description

Jutal Offshore Oil Services Limited, an investment holding company, engages in the fabrication of facilities and provision of integrated services for oil and gas industries, new energy, and refining and chemical industries. The company engages in the construction of large-scale module, offshore engineering, and new energy equipment; project processing design, material procurement, structural prefabrication, machining, painting, assembly, mechanical equipment installation, pre-commissioning and loading, and transportation; painting, electrical installation and commissioning, hull closure and offshore platform construction, transformation, maintenance, and other integrated services; hazardous waste collection, storage, utilization and disposal services for petrochina; energy equipment construction services; and other business services. It operates in the People's Republic of China, the United States, Switzerland, Norway, Singapore, Japan, France, the United Kingdom, the Netherlands, and internationally. Jutal Offshore Oil Services Limited was founded in 1995 and is headquartered in Shenzhen, the People's Republic of China.

How the Company Makes Money

Jutal Offshore Oil Services generates revenue primarily through contracts for its EPCI services, which are awarded by major oil and gas companies engaged in offshore exploration and production. The company's revenue model is heavily reliant on long-term contracts and projects, which provide a steady income stream. Key revenue streams include the installation of offshore platforms, subsea pipelines, and maintenance services, which are billed based on project milestones and completion. Additionally, Jutal may benefit from strategic partnerships with major energy firms and subcontractors, enhancing its market reach and enabling it to secure larger projects. Economic factors such as oil prices and demand for energy also significantly influence the company's earnings.

Jutal Offshore Oil Services Financial Statement Overview

Summary

Jutal Offshore Oil Services exhibits mixed financial performance. The balance sheet is strong with a healthy equity base and decreasing debt-to-equity ratio. However, the income statement and cash flow statement show significant volatility, indicating challenges in revenue stability and cash management.

Income Statement

The company's revenue has shown fluctuations over the past years, with a significant decrease from 2023 to 2024. Gross profit margin and net profit margin have experienced volatility, indicating potential challenges in cost management. The EBIT and EBITDA margins have also varied, reflecting instability in operational efficiency.

Balance Sheet

The company maintains a strong equity base with a decreasing debt-to-equity ratio, indicating prudent financial management. The equity ratio remains healthy, suggesting a solid capital structure. However, there is a notable decline in total assets over the years, which could impact future growth.

Cash Flow

The cash flow statement reveals inconsistent operating cash flows, with a significant drop in 2024. Free cash flow has also been erratic, highlighting challenges in cash generation. The lack of operating cash flow in 2024 raises concerns about liquidity management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.22B	2.08B	2.59B	1.75B	3.98B	3.65B
Gross Profit	327.41M	561.90M	628.90M	25.43M	279.00M	447.75M
EBITDA	184.54M	369.15M	542.82M	-14.43M	206.83M	302.50M
Net Income	63.81M	185.07M	254.99M	-208.23M	11.02M	146.71M
Balance Sheet
Total Assets	3.13B	3.13B	4.08B	3.18B	3.87B	4.61B
Cash, Cash Equivalents and Short-Term Investments	967.37M	785.16M	811.00M	667.93M	741.21M	1.27B
Total Debt	177.18M	106.94M	333.13M	495.76M	534.13M	574.69M
Total Liabilities	902.66M	951.72M	2.07B	1.43B	2.07B	2.36B
Stockholders Equity	2.23B	2.18B	2.01B	1.75B	1.81B	2.25B
Cash Flow
Free Cash Flow	36.84M	338.20M	261.57M	-171.91M	-3.73M	651.43M
Operating Cash Flow	160.45M	477.37M	287.14M	-125.36M	78.55M	798.33M
Investing Cash Flow	-15.38M	-79.01M	12.28M	-53.24M	-54.21M	-185.47M
Financing Cash Flow	-130.43M	-373.87M	-163.67M	95.49M	-535.20M	-177.07M

Jutal Offshore Oil Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.53
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3303, the sentiment is Positive. The current price of 0.53 is above the 20-day moving average (MA) of 0.48, above the 50-day MA of 0.50, and below the 200-day MA of 0.53, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 66.92 is Neutral, neither overbought nor oversold. The STOCH value of 87.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3303.

Jutal Offshore Oil Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3337	75 Outperform	HK$3.44B	10.37	8.78%	3.59%	10.16%	49.48%
3303	66 Neutral	HK$1.29B	17.93	2.87%	2.83%	-59.96%	-83.53%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
0206	63 Neutral	HK$1.87B	33.53	3.95%	3.77%	-8.93%	-25.43%
2178	58 Neutral	HK$131.23M	-4.50	-16.54%	―	-36.59%	48.63%
1623	48 Neutral	HK$396.97M	-1.08	-11.09%	―	-2.11%	-779.00%
1080	43 Neutral	HK$337.07M	-7.25	-10.68%	―	0.97%	33.70%

Jutal Offshore Oil Services Corporate Events

Jutal Offshore Oil Services Plans HK$56.9 Million Non-Underwritten Rights Issue

Jutal Offshore Oil Services Limited has proposed a non-underwritten rights issue to raise up to approximately HK$56.9 million in gross proceeds by offering 355,547,898 new shares at HK$0.16 each on the basis of one rights share for every six existing shares held by qualifying shareholders on the record date, with estimated net proceeds of about HK$55.1 million assuming full subscription. The new shares will rank pari passu with existing shares, the issue is structured to comply with Hong Kong listing rules without requiring separate shareholder approval, and the company has cautioned investors that the transaction remains conditional on regulatory approvals and may not proceed if those conditions are not satisfied, exposing those trading in existing or nil-paid rights shares to potential deal risk.

The most recent analyst rating on (HK:3303) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Jutal Offshore Oil Services stock, see the HK:3303 Stock Forecast page.