Sinopec Oilfield Service Corp (SSE:600871)

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Price: 2.07 CNY -1.43%

Market Cap: 28.1B CNY

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Section:

Relative Value

The Relative Value of one Sinopec Oilfield Service Corp stock under the Base Case scenario is 5.6 CNY. Compared to the current market price of 2.07 CNY, Sinopec Oilfield Service Corp is Undervalued by 63%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.4

P/S

vs History	60
vs Industry	77

Median 5Y

0.4

Industry

2.2

Forward

0.3

More Details

34.2

P/E

vs History	87
vs Industry	11

Median 5Y

56.5

Industry

16.6

Forward

29.3

More Details

10.4

P/OCF

vs History	20
vs Industry	21

Median 5Y

5.9

Industry

10.4

More Details

9.4

P/FCFE

vs History	93
vs Industry	15

Median 5Y

19.9

Industry

13.7

More Details

3.2

P/B

vs History	73
vs Industry	19

Median 5Y

3.6

Industry

1.6

More Details

0.7

EV/S

vs History	68
vs Industry	70

Median 5Y

0.8

Industry

3.2

Forward

0.6

More Details

9.7

EV/GP

vs History	41
vs Industry	35

Median 5Y

9.7

Industry

7.1

More Details

28.2

EV/EBITDA

vs History	90
vs Industry	6

Median 5Y

34.8

Industry

11.3

Forward

6.5

More Details

28.2

EV/EBIT

vs History	90
vs Industry	7

Median 5Y

34.8

Industry

13.2

Forward

82.5

More Details

20.9

EV/OCF

vs History	23
vs Industry	17

Median 5Y

11.7

Industry

11.1

More Details

Negative

EV/FCFF

vs History
vs Industry	6

Median 5Y

25.1

Industry

12.2

More Details

1.2

EV/IC

vs History	69
vs Industry	44

Median 5Y

1.2

Industry

1.5

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
CN		Sinopec Oilfield Service Corp SSE:600871	28.1B CNY	0.4	34.2	28.2	28.2
US		Schlumberger NV NYSE:SLB	52.3B USD	1.4	11.7	6.9	9.6
US	B	Baker Hughes Co NASDAQ:BKR	39.5B USD	1.4	17.6	9.8	13.2
US		Halliburton Co NYSE:HAL	22.9B USD	1	9	5.5	7
LU		Tenaris SA MIL:TEN	19.9B EUR	1.6	7.8	5.2	6.4
UK		TechnipFMC PLC NYSE:FTI	12.2B USD	1.4	18.1	9.3	13.1
CN		CNOOC Energy Technology & Services Ltd SSE:600968	42.3B CNY	0.8	11.7	8.7	8.7
US		Nov Inc NYSE:NOV	5.6B USD	0.6	5.2	5.4	7.6
IT		Saipem SpA MIL:SPM	4.9B EUR	0.4	19	4.3	8.7
US		Weatherford International PLC NASDAQ:WFRD	4.9B USD	0.9	9.2	4.4	5.9
US		ChampionX Corp NASDAQ:CHX	4.9B USD	1.3	15.6	7	10.5

				Revenue Growth	P/S to Growth
CN		Sinopec Oilfield Service Corp SSE:600871	Average P/S: 1 0.4	25%	0
US		Schlumberger NV NYSE:SLB	1.4	23%	0.1
US	B	Baker Hughes Co NASDAQ:BKR	1.4	15%	0.1
US		Halliburton Co NYSE:HAL	1	7%	0.1
LU		Tenaris SA MIL:TEN	1.6	-17%	N/A
UK		TechnipFMC PLC NYSE:FTI	1.4	39%	0
CN		CNOOC Energy Technology & Services Ltd SSE:600968	0.8	39%	0
US		Nov Inc NYSE:NOV	0.6	10%	0.1
IT		Saipem SpA MIL:SPM	0.4	27%	0
US		Weatherford International PLC NASDAQ:WFRD	0.9	16%	0.1
US		ChampionX Corp NASDAQ:CHX	1.3	11%	0.1

				Earnings Growth	P/E to Growth
CN		Sinopec Oilfield Service Corp SSE:600871	Average P/E: 14.5 34.2	160%	0.2
US		Schlumberger NV NYSE:SLB	11.7	37%	0.3
US	B	Baker Hughes Co NASDAQ:BKR	17.6	53%	0.3
US		Halliburton Co NYSE:HAL	9	17%	0.5
LU		Tenaris SA MIL:TEN	7.8	-40%	N/A
UK		TechnipFMC PLC NYSE:FTI	18.1	1 852%	0
CN		CNOOC Energy Technology & Services Ltd SSE:600968	11.7	54%	0.2
US		Nov Inc NYSE:NOV	5.2	-33%	N/A
IT		Saipem SpA MIL:SPM	19	248%	0.1
US		Weatherford International PLC NASDAQ:WFRD	9.2	45%	0.2
US		ChampionX Corp NASDAQ:CHX	15.6	44%	0.4

				EBITDA Growth	EV/EBITDA to Growth
CN		Sinopec Oilfield Service Corp SSE:600871	Average EV/EBITDA: 8.6 28.2	N/A	N/A
US		Schlumberger NV NYSE:SLB	6.9	34%	0.2
US	B	Baker Hughes Co NASDAQ:BKR	9.8	46%	0.2
US		Halliburton Co NYSE:HAL	5.5	9%	0.6
LU		Tenaris SA MIL:TEN	5.2	-38%	N/A
UK		TechnipFMC PLC NYSE:FTI	9.3	114%	0.1
CN		CNOOC Energy Technology & Services Ltd SSE:600968	8.7	103%	0.1
US		Nov Inc NYSE:NOV	5.4	35%	0.2
IT		Saipem SpA MIL:SPM	4.3	95%	0
US		Weatherford International PLC NASDAQ:WFRD	4.4	29%	0.2
US		ChampionX Corp NASDAQ:CHX	7	14%	0.5

				EBIT Growth	EV/EBIT to Growth
CN		Sinopec Oilfield Service Corp SSE:600871	Average EV/EBIT: 10.8 28.2	N/A	N/A
US		Schlumberger NV NYSE:SLB	9.6	43%	0.2
US	B	Baker Hughes Co NASDAQ:BKR	13.2	61%	0.2
US		Halliburton Co NYSE:HAL	7	9%	0.8
LU		Tenaris SA MIL:TEN	6.4	-44%	N/A
UK		TechnipFMC PLC NYSE:FTI	13.1	191%	0.1
CN		CNOOC Energy Technology & Services Ltd SSE:600968	8.7	47%	0.2
US		Nov Inc NYSE:NOV	7.6	50%	0.2
IT		Saipem SpA MIL:SPM	8.7	136%	0.1
US		Weatherford International PLC NASDAQ:WFRD	5.9	45%	0.1
US		ChampionX Corp NASDAQ:CHX	10.5	23%	0.5

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	3M Co NYSE:MMM	Industrial Conglomerates
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication

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	Weatherford International PLC NASDAQ:WFRD	67.715 USD 0.92%

	Johnson & Johnson NYSE:JNJ	145.27 USD 0.55%
	Bank of America Corp NYSE:BAC	43.7201 USD -1.02%
	Mastercard Inc NYSE:MA	521.405 USD -1.25%
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Sinopec Oilfield Service Corp
SSE:600871

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples
Sinopec Oilfield Service Corp Competitors

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Company

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52 Week Range	1.65 2.3
Price Target

Sinopec Oilfield Service Corp SSE:600871

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples Sinopec Oilfield Service Corp Competitors

See Also

Company

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Sinopec Oilfield Service Corp
SSE:600871

Competitors Multiples
Sinopec Oilfield Service Corp Competitors