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3.06 (1y: +162%)
Market Cap 62.54 M P/E(ttm)
Enterprise Value 860.59 M P/B 0.27
WH- NYSE (USA)
WSP Holdings Limited
Not Rated
Top Ranked Predictable Companies
$3.06
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GuruFocus Financial Strength Rank measures how strong a companyÂ’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 3/10

vs
industry		 vs
history
Cash to Debt 0.033
WH's Cash to Debt is ranked lower than
77% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.50 vs. WH: 0.033 )
WH' s 10-Year Cash to Debt Range
Min: 0.03   Max: No Debt
Current: 0.03
Equity to Asset 0.149
WH's Equity to Asset is ranked lower than
91% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.46 vs. WH: 0.149 )
WH' s 10-Year Equity to Asset Range
Min: 0.11   Max: 0.4
Current: 0.15
0.11
0.4
F-Score: 2
Z-Score: -0.29
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyÂ’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

vs
industry		 vs
history
Operating margin (%) -11.10
WH's Operating margin (%) is ranked lower than
85% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 12.20 vs. WH: -11.10 )
WH' s 10-Year Operating margin (%) Range
Min: -20.5   Max: 21.4
Current: -11.1
-20.5
21.4
Net-margin (%) -15
WH's Net-margin (%) is ranked lower than
87% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 7.70 vs. WH: -15 )
WH' s 10-Year Net-margin (%) Range
Min: -25.2   Max: 16.1
Current: -15
-25.2
16.1
ROE (%) -55.7
WH's ROE (%) is ranked lower than
92% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 10.80 vs. WH: -55.7 )
WH' s 10-Year ROE (%) Range
Min: -55.7   Max: 61.3
Current: -55.7
-55.7
61.3
ROA (%) -6.1
WH's ROA (%) is ranked lower than
84% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 5.20 vs. WH: -6.1 )
WH' s 10-Year ROA (%) Range
Min: -8.9   Max: 14.3
Current: -6.1
-8.9
14.3
ROC (Joel Greenblatt) (%) -7.00
WH's ROC (Joel Greenblatt) (%) is ranked lower than
79% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 12.20 vs. WH: -7.00 )
WH' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -10.7   Max: 31.7
Current: -7
-10.7
31.7
Revenue Growth (%) -0.5
WH's Revenue Growth (%) is ranked lower than
52% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.00 vs. WH: -0.5 )
WH' s 10-Year Revenue Growth (%) Range
Min: -7.6   Max: 20.6
Current: -0.5
-7.6
20.6
» WH's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

WH Guru Trades in Q2 2012

Jim Simons 104,940 sh (+5.32%)
Howard Marks 1,408,800 sh (unchged)
» More
Q3 2012

WH Guru Trades in Q3 2012

Howard Marks 1,408,800 sh (unchged)
Jim Simons Sold Out
» More
Q4 2012

WH Guru Trades in Q4 2012

Howard Marks 1,408,800 sh (unchged)
» More
Q1 2013

WH Guru Trades in Q1 2013

Jim Simons 108,640 sh (New)
Howard Marks 1,408,800 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with WH



No Insider Trades Found!

Ratios

vs
industry		 vs
history
P/B 0.27
WH's P/B is ranked higher than
97% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.39 vs. WH: 0.27 )
WH' s 10-Year P/B Range
Min: 0.1   Max: 2.09
Current: 0.27
0.1
2.09
P/S 0.11
WH's P/S is ranked higher than
98% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.21 vs. WH: 0.11 )
WH' s 10-Year P/S Range
Min: 0.03   Max: 1.42
Current: 0.11
0.03
1.42
EV-to-EBIT -13.84
WH's EV-to-EBIT is ranked lower than
66% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 10.76 vs. WH: -13.84 )
WH' s 10-Year EV-to-EBIT Range
Min: 0.5   Max: 45.7
Current: -13.84
0.5
45.7
Shiller P/E 7.6
WH's Shiller P/E is ranked higher than
92% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 16.60 vs. WH: 7.6 )
WH' s 10-Year Shiller P/E Range
Min: 1.27   Max: 5.03
Current: 7.6
1.27
5.03

Valuation & Return

vs
industry		 vs
history
Earnings Yield (Greenblatt) 1.50
WH's Earnings Yield (Greenblatt) is ranked higher than
58% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 9.65 vs. WH: 1.50 )
WH' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.2   Max: 194.5
Current: 1.5
2.2
194.5
Forward Rate of Return (Yacktman) -141.29
WH's Forward Rate of Return (Yacktman) is ranked lower than
86% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 4.48 vs. WH: -141.29 )
WH' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 2.1   Max: 4.1
Current: -141.29
2.1
4.1

Business Description

WSP Holdings Limited was incorporated in the Cayman Islands in November 2006. It is a holding company, which conducts substantially all of its operations through its subsidiaries in China. The Company is a Chinese manufacturer of seamless Oil Country Tubular Goods (OCTG), including casing, tubing and drill pipes used for oil and natural gas exploration, drilling and extraction. It offers a range of seamless OCTG products to its customers. Its product portfolio could generally be divided into two categories: API products, which are products manufactured according to the standards formulated by the American Petroleum Institute, or API; and non-API products, which are products tailor-made to meet its customers' specifications, and that are generally manufactured to a higher standard than API products. The company's key operating assets included ten threading lines and two drill pipe production lines with an aggregate annual production capacity of approximately 1,394,000 tonnes of seamless OCTG. Its production capacity was approximately 1,430,000 tonnes. The Company plans to expand its manufacturing facilities with the establishment of a production facility in Houston, Texas and additional production facilities in China. It sells its products in both domestic and international markets. In China, it targets sales of its products mainly at Chinese oil companies. In 2008, it was the second OCTG supplier to China National Petroleum Corporation, or CNPC, and one of the two China-based non-API suppliers to China Petroleum & Chemical Corporation, or Sinopec. In the international markets, it has established an extensive overseas customer base, covering oilfields in North America, the Middle East, Asia, Africa and Russia. The Company faces competition in the domestic and international markets in which it operates. Many of its competitors are state-owned enterprises which might have greater resources and better brand recognition than it does. The Company's subsidiaries are generally subject to laws and regulations applicable to foreign investments in China and, in particular, laws applicable to wholly foreign-owned enterprises.
Company Website
Industry: Oil & Gas Equipment & Services
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