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PetroChina Company Limited Class H (PCCYF)
OTHER OTC:PCCYF
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Positive Factors
Dividend and Cash Flow
Earnings and cash flow to stay at elevated levels and support decent dividend yield of approximately 8%.
Profitability and Market Performance
Strong upstream profitability and firm marketing and natural gas sales helped offset weaker oil prices.
Negative Factors
Competition and Market Risks
Downside risks include execution disappointment and natural gas losses as well as regulatory risks.
Oil Prices and Future Earnings
Softer oil prices may drag on future earnings, but PetroChina has showed strong earnings.
PetroChina Company (PCCYF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$210.16B
Dividend Yield7.42%
Average Volume (3M)31.61K
Price to Earnings (P/E)6.8
Beta (1Y)-0.08
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees370,799
SectorEnergy
Sector Strength44
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)0.04
Shares Outstanding21,098,900,000
10 Day Avg. Volume34,308
30 Day Avg. Volume31,614
Financial Highlights & Ratios
PEG Ratio-5.57
Price to Book (P/B)0.64
Price to Sales (P/S)0.00
P/FCF Ratio171.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$0.92Price Target Upside8.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
PetroChina Company Business Overview & Revenue Model
Company DescriptionPetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. The Exploration and Production segment engages in the exploration, development, production, and marketing of crude oil and natural gas. The Refining and Chemicals segment refines crude oil and petroleum products; and produces and markets primary petrochemical products, derivative petrochemical products, and other chemical products. The Marketing segment is involved in marketing of refined products and trading business. The Natural Gas and Pipeline segment engages in the transmission of natural gas, crude oil, and refined products; and sale of natural gas. As of December 31, 2021, the company had a total length of 26,076 km, including 17,329 km of natural gas pipelines, 7,340 km of crude oil pipelines, and 1,407 km of refined product pipelines. The company is also involved in the exploration, development, and production of oil sands and coalbed methane; trading of crude oil and petrochemical products; storage, chemical engineering, storage facilities, service station, and transportation facilities and related businesses; and production and sales of basic and derivative chemical, and other chemical products. The company was founded in 1999 and is headquartered in Beijing, the People's Republic of China. PetroChina Company Limited is a subsidiary of China National Petroleum Corporation.
How the Company Makes Money
PetroChina Company Financial Statement Overview
Summary
PetroChina demonstrates a strong financial foundation with robust profitability and a well-managed balance sheet. However, the decline in revenue and free cash flow are areas of concern that could impact future growth. The company's solid equity base and controlled leverage position it well in the industry, but maintaining cash flow stability will be essential in sustaining financial health.Income Statement
PetroChina's income statement reflects strong profitability with a gross profit margin of 22.79% and a net profit margin of 5.76% for TTM. The EBIT margin stands at 8.87%, indicating efficient operations. However, there is a noticeable decline in revenue over the past year, with a negative revenue growth rate of -10.48% from 2022 to 2023, which could be a concern for future growth.75
Positive
Balance Sheet
The balance sheet shows a strong equity position with an equity ratio of 55.06% and a manageable debt-to-equity ratio of 0.17, reflecting limited leverage risk. The return on equity is solid at 10.60%, showcasing effective use of equity capital. PetroChina maintains a stable financial structure, although the decrease in total assets from 2022 to 2023 should be monitored.80
Positive
Cash Flow
Cash flow analysis indicates a decline in free cash flow growth rate by -92.06% in TTM, primarily due to high capital expenditures. The operating cash flow to net income ratio is 0.64, suggesting moderate cash flow generation relative to net income. The free cash flow to net income ratio is 0.05, showing limited cash flow available after capital spending. This highlights potential cash flow challenges despite overall profitability.68
Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 2.88T | 2.94T | 3.01T | 3.24T | 2.61T | 1.93T | Gross Profit |
| 656.09B | 662.76B | 710.43B | 788.05B | 613.06B | 452.16B | EBIT |
| 255.38B | 255.29B | 253.02B | -1.39B | 161.15B | 75.94B | EBITDA |
| 258.17B | 491.82B | 484.59B | 446.98B | 379.25B | 277.60B | Net Income Common Stockholders |
| 165.80B | 164.68B | 161.14B | 148.74B | 92.16B | 33.48B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 299.70B | 219.06B | 277.28B | 233.30B | 167.51B | 145.95B | Total Assets |
| 2.84T | 2.75T | 2.75T | 2.67T | 2.50T | 2.49T | Total Debt |
| 263.74B | 254.00B | 295.62B | 464.51B | 470.30B | 498.14B | Net Debt |
| -27.82B | 37.75B | 25.74B | 273.32B | 333.51B | 379.51B | Total Liabilities |
| 1.08T | 1.04T | 1.12T | 1.14T | 1.09T | 1.12T | Stockholders Equity |
| 1.56T | 1.52T | 1.45T | 1.37T | 1.26T | 1.22T |
| Cash Flow | Free Cash Flow | ||||
| 8.26B | 103.88B | 174.08B | 148.53B | 75.91B | 61.85B | Operating Cash Flow |
| 106.25B | 406.53B | 456.60B | 393.77B | 341.47B | 318.57B | Investing Cash Flow |
| -287.98B | -307.35B | -255.79B | -232.97B | -213.03B | -181.99B | Financing Cash Flow |
| -121.94B | -178.88B | -146.57B | -113.71B | -107.97B | -99.40B |
PetroChina Company Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| $210.16B | 6.80 | 7.42% | ― | ― | |||
57 Neutral | $7.23B | 3.16 | -4.49% | 5.63% | 0.82% | -49.15% | |
| $17.91B | 5.56 | 12.03% | 5.82% | ― | ― | ||
| $105.29B | 11.30 | 12.78% | 7.39% | ― | ― | ||
| $90.81B | 9.19 | 9.14% | ― | ― | |||
| €100.23B | 5.79 | 19.25% | 7.60% | ― | ― | ||
| ¥823.23B | 5.76 | 19.51% | 6.88% | ― | ― |
* Energy Sector Average
Performance Comparison
PCCYF
PetroChina Company
0.85
-0.13
-13.27%
CCOZF
China Coal Energy Co
1.06
-0.20
-15.87%
CUAEF
China Shenhua Energy Co
4.32
-0.45
-9.43%
SNPMF
China Petroleum & Chemical
0.53
-0.09
-14.52%
DE:NC2B
CNOOC Limited
2.18
-0.13
-5.63%
HK:80883
CNOOC Limited
16.92
-1.67
-8.98%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.