Sapura Energy Bhd.
In the news
- Glove makers and net stocks see COVID-19 boom in bear market Jul 1, 2020
- Asian equities jump as crude oil rebound lifts energy stocks Mar 10, 2020
- Asian stocks skid amid crude oil rout, virus fears Mar 9, 2020
- Sapura Energy's net loss widens, warns of challenging times Dec 5, 2019
- Blurry turnaround prospects weigh on Sapura Energy Sep 30, 2019 See more articles on Sapura Energy Bhd.
Company Background
Sapura Energy is an upstream player in the oil and gas industry, providing an entire value chain of exploration, development, production, rejuvenation and decommissioning services. The Malaysian company was born out of a merger between SapuraCrest Petroleum and Kencana Petroleum in 2011. SapuraKencana's core businesses are divided into offshore construction and subsea services (OCSS), fabrication, hookup and commissioning, and drilling and energy services.
OCSS involves the construction of offshore platforms and marine pipelines for oil exploration, which are supported by huge support vessels. OCSS contributes most in revenue to the group, at over 40%. The group has a presence in over 20 countries and a workforce of 12,000. As of January 2014, 70% of the group's order book came from Brazil, Southeast Asia, Australia and Africa. SapuraKencana undertakes contracts from major oil and gas players such as Chevron, Royal Dutch Shell and Malaysia's state-owned Petronas.
Two of its major shareholders are President and Group CEO Shahril Shamsuddin and Vice Chairman Mokhzani Mahathir, who both managed SapuraCrest and Kencana before the merger. Mokhzani is a son of former Prime Minister Mahathir bin Mohamad.
Business Summary
Financial Highlights
| Jan 2020 | MYR | USD |
| Revenue | 6,449.15M | 1,557.87M |
| Gross Profit | -492.36M | -118.93M |
| Operating income | -813.06M | -196.40M |
| Income before tax | -4,706.74M | -1,136.97M |
| Net income | -4,560.80M | -1,101.72M |
| EBITDA | -288.14M | -69.60M |
| Diluted EPS | -0.28 | -0.06 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 22,748.34M | 5,551.08M |
| Total liabilities | 13,573.67M | 3,312.26M |
| Total equity | 9,182.52M | 2,240.73M |
| Operating cash flow | -424.06M | -102.43M |
| Currency in MYR | Currency in USD |
Historical Data
| Jan 2016 | Jan 2017 | Jan 2018 | Jan 2019 | Jan 2020 | |
| Revenue | 10,184.03M | 7,651.32M | 5,050.64M | 4,568.43M | 6,449.15M |
| Gross Profit | 2,532.73M | 1,664.99M | 603.44M | 231.67M | -492.36M |
| Operating income | 1,860.95M | 1,116.36M | 174.41M | -265.17M | -813.06M |
| Income before tax | -712.63M | 385.24M | -2,550.37M | -2,574.90M | -4,706.74M |
| Net income | -791.55M | 208.31M | -2,724.53M | -2,713.46M | -4,560.80M |
| EBITDA | 3,297.38M | 2,333.80M | 1,026.75M | 417.35M | -288.14M |
| Diluted EPS | -0.13 | 0.03 | -0.42 | -0.40 | -0.28 |
| Dividends Per Share | 0.01 | 0.01 | 0 | 0 | 0 |
| Total Assets | 36,491.99M | 37,449.26M | 29,992.76M | 33,576.26M | 22,748.34M |
| Total liabilities | 24,278.98M | 24,368.95M | 20,542.40M | 19,705.02M | 13,573.67M |
| Total equity | 12,206.95M | 13,076.11M | 9,449.96M | 13,875.06M | 9,182.52M |
| Operating cash flow | 2,181.30M | 2,776.83M | 866.22M | -453.99M | -424.06M |
| Jan 2016 | Jan 2017 | Jan 2018 | Jan 2019 | Jan 2020 | |
| Revenue | 2,565.13M | 1,842.49M | 1,186.37M | 1,128.19M | 1,557.87M |
| Gross Profit | 637.94M | 400.94M | 141.74M | 57.21M | -118.93M |
| Operating income | 468.73M | 268.82M | 40.96M | -65.48M | -196.40M |
| Income before tax | -179.49M | 92.77M | -599.07M | -635.87M | -1,136.97M |
| Net income | -199.37M | 50.16M | -639.98M | -670.09M | -1,101.72M |
| EBITDA | 830.53M | 561.99M | 241.18M | 103.06M | -69.60M |
| Diluted EPS | -0.03 | 0.00 | -0.09 | -0.10 | -0.06 |
| Dividends Per Share | 0.00 | 0.00 | 0 | 0 | 0 |
| Total Assets | 8,782.66M | 8,454.51M | 7,694.89M | 8,197.33M | 5,551.08M |
| Total liabilities | 5,843.31M | 5,501.51M | 5,270.32M | 4,810.79M | 3,312.26M |
| Total equity | 2,937.89M | 2,952.05M | 2,424.46M | 3,387.46M | 2,240.73M |
| Operating cash flow | 549.42M | 668.68M | 203.47M | -112.11M | -102.43M |
Valuation Measures
| Jan 2020 | |
| PER | -- |
| ROA | -16.19% |
| ROE | -39.56% |
| Operating margin | -12.60% |
| Profit margin | -70.71% |
Key executives
- President, Group CEO & Executive Director: Shahril bin Shamsuddin
- Senior Vice President-Operations: Ahmad Zakiruddin Mohamed
- Group Chief Financial Officer: Reza bin Abdul Rahim
- SVP-Exploration & Production: Kris Azman
- SVP-Financial Advisory & Portfolio Planning: Mei Mei Chow
Shareholders
- Permodalan Nasional Bhd. (38.1%)
- Sapura Holdings Sdn. Bhd. (12.8%)
- Kumpulan Wang Persaraan (2.7%)
- Jurudata Sdn. Bhd. (1.9%)
- The Vanguard Group, Inc. (1.8%)
- Bumiputra Investment Foundation (1.3%)
- Norges Bank Investment Management (1.2%)
- BlackRock Investment Management (UK) Ltd. (1.2%)
- BIN SHAMSUDDIN SHAHRIL (1.0%)
- Dimensional Fund Advisors LP (0.9%)
Contact Details
- Website:http://www.sapuraenergy.com
- Address: Mines Resort City, No. 7, Jalan Tasik, Kuala Lumpur, 43300, Malaysia
- Phone: +60.3.8659.8800
Related Companies
- Sapura Upstream Sdn. Bhd.
- SapuraKencana Services Sdn. Bhd.
- SapuraKencana Energy Sarawak, Inc.
- SapuraKencana Drilling Holdings Ltd.
- Sapurakencana Hl Sdn. Bhd.
- SapuraKencana Australia Pty Ltd.
- Sapurakencana Energy Sdn. Bhd.
- Kencana Pinewell Sdn. Bhd.
- SapuraKencana 900 Pte Ltd
- Aurabayu Sdn. Bhd.
- Sapura Energy Ventures Sdn. Bhd.
- Petcon (Malaysia) Sdn. Bhd.
- Probadi Sdn. Bhd.
- SapuraCrest Ventures Sdn. Bhd.
- Sapura Petroleum Sdn. Bhd.
- Crest Marine Engineering Sdn. Bhd.
- Newfield Malaysia Holding Inc.
- Sapurakencana Drilling Pte. Ltd.
- Sapura TMC Sdn. Bhd.
- Geomark Sdn. Bhd.
- Momentum Energy Sdn. Bhd.
- Kencana Torsco Sdn. Bhd.
- Kencana Energy Bhd.
- Kencana Bestwide Sdn. Bhd.
- Sapurakencana TL Offshore Sdn. Bhd.
- TL Geosciences Sdn. Bhd.
- Kencana Petroleum Ventures Sdn. Bhd.
- Bayu Padu Sdn. Bhd.
- Kencana HL Sdn. Bhd.
- SapuraKencana Nautical Essence Sdn. Bhd.
Competitors
- Deleum Bhd.
- Coro Energy Plc
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Last Updated on 28 Oct, 2020
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.