PetroChina Company Limited

SEHK-857

Basic

Market Cap
HK$1,745.36B
EV
HK$2,033.6B
Shares Out
183.02B
Revenue
CN¥3,090.73B
Employees
375,803

Margins

Gross
33.98%
EBITDA
15.95%
Operating
8.13%
Pre-Tax
7.8%
Net
5.28%
FCF
5.02%

Returns (5Yr Avg)

ROA
3.45%
ROTA
6.45%
ROE
6.17%
ROCE
8.08%
ROIC
4.92%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
HK$8.18
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
CN¥278.6B
Net Debt
CN¥76.46B
Debt/Equity
0.21
EBIT/Interest
10.71

Growth (CAGR)

Rev 3Yr
16.07%
Rev 5Yr
4.95%
Rev 10Yr
3.24%
Dil EPS 3Yr
37.96%
Dil EPS 5Yr
25.06%
Dil EPS 10Yr
2.46%
Rev Fwd 2Yr
1.46%
EBITDA Fwd 2Yr
2.99%
EPS Fwd 2Yr
3.13%
EPS LT Growth Est
-0.45%

Dividends

Yield
—
Payout
49.41%
DPS
CN¥0.44
DPS Growth 3Yr
36.02%
DPS Growth 5Yr
23.77%
DPS Growth 10Yr
3.28%
DPS Growth Fwd 2Yr
0.45%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						2,458,600	1,875,016	2,551,738	3,174,708	2,938,138	3,017,851
Impairment of Oil, Gas & Mineral Properties						20,462	22,842	32,020	28,868	29,767	29,143
Other Revenues, Total						58,210	58,820	62,611	64,459	72,874	72,874
Total Revenues						2,516,810	1,933,836	2,614,349	3,239,167	3,011,012	3,090,725
Total Revenues % Chg.						6%	-23.2%	35.2%	23.9%	-7%	-3.2%
Cost of Goods Sold, Total						1,697,834	1,267,797	1,770,019	2,213,080	1,972,940	2,040,466
Gross Profit						818,976	666,039	844,330	1,026,087	1,038,072	1,050,259
Selling General & Admin Expenses, Total						222,914	211,949	212,637	222,602	236,819	237,530
Exploration / Drilling Costs, Total						11,875	10,399	11,691	12,956	11,327	10,711
Depreciation & Amortization						211,843	198,508	204,798	215,641	225,174	227,844
Impairment of Oil, Gas & Mineral Properties						20,462	22,842	32,020	28,868	29,767	29,767
Other Operating Expenses						228,263	187,760	217,976	300,989	285,980	293,257
Other Operating Expenses, Total						695,357	631,458	679,122	781,056	789,067	799,109
Operating Income						123,619	34,581	165,208	245,031	249,005	251,150
Interest Expense, Total						-30,409	-26,528	-19,739	-21,554	-24,063	-23,452
Interest And Investment Income						3,631	3,048	3,001	4,738	8,265	8,533
Net Interest Expenses						-26,778	-23,480	-16,738	-16,816	-15,798	-14,919
Income (Loss) On Equity Invest.						8,229	3,533	13,267	15,251	18,538	19,272
Currency Exchange Gains (Loss)						1	108	538	-1,818	-744	-1,004
EBT, Excl. Unusual Items						105,071	14,742	162,275	241,648	251,001	254,499
Gain (Loss) On Sale Of Assets	—	—				—	-4,156	-15,384	-20,726	-11,591	-11,591
Asset Writedown						-1,857	-1,459	-7,008	-7,645	-1,948	-1,948
Other Unusual Items	—	—	—	—	—	—	46,946	18,320	—	—	—
EBT, Incl. Unusual Items						103,214	56,073	158,203	213,277	237,462	240,960
Income Tax Expense						36,199	22,588	43,507	49,929	57,169	57,887
Earnings From Continuing Operations						67,015	33,485	114,696	163,348	180,293	183,073
Minority Interest						-21,333	-14,479	-22,526	-14,605	-19,147	-19,868
Net Income						45,682	19,006	92,170	148,743	161,146	163,205
Net Income to Common Incl Extra Items						45,682	19,006	92,170	148,743	161,146	163,205
Net Income to Common Excl. Extra Items						45,682	19,006	92,170	148,743	161,146	163,205
Total Shares Outstanding						183,021	183,021	183,021	183,021	183,021	183,021
Weighted Avg. Shares Outstanding						183,021	183,021	183,021	183,021	183,021	183,262.3
Weighted Avg. Shares Outstanding Dil						183,021	183,021	183,021	183,021	183,021	183,262.3
EPS						0.2	0.1	0.5	0.8	0.9	0.9
EPS Diluted						0.2	0.1	0.5	0.8	0.9	0.9
EBITDA						340,951	242,015	387,638	474,809	488,904	493,095
Effective Tax Rate						35.1%	40.3%	27.5%	23.4%	24.1%	24%