CNOOC Ltd Relative Valuation - CNOOC Ltd - Alpha Spread
C

CNOOC Ltd
SSE:600938

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CNOOC Ltd
SSE:600938
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Price: 26.18 CNY 2.71% Market Closed
Market Cap: 716.2B CNY
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Relative Value

The Relative Value of one CNOOC Ltd stock under the Base Case scenario is 25.61 CNY. Compared to the current market price of 26.18 CNY, CNOOC Ltd is Overvalued by 2%.

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.

Relative Value
Base Case
25.61 CNY
Overvaluation 2%
Relative Value
Price
C
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
25
vs Industry
38
Median 3Y
1.3
Median 5Y
1.3
Industry
1.3
Forward
1.6
vs History
25
vs Industry
33
Median 3Y
3.9
Median 5Y
3.9
Industry
9.2
Forward
8.6
vs History
22
vs Industry
34
Median 3Y
2.6
Median 5Y
2.6
Industry
4.5
vs History
22
vs Industry
21
Median 3Y
7.2
Median 5Y
7.2
Industry
10.8
vs History
22
vs Industry
38
Median 3Y
0.8
Median 5Y
0.8
Industry
1.2
vs History
32
vs Industry
48
Median 3Y
1
Median 5Y
1
Industry
1.7
Forward
1.2
vs History
25
vs Industry
45
Median 3Y
2.1
Median 5Y
2.1
Industry
4.2
vs History
32
vs Industry
37
Median 3Y
2.3
Median 5Y
2.3
Industry
5.7
Forward
2
vs History
32
vs Industry
41
Median 3Y
2.3
Median 5Y
2.3
Industry
8
Forward
2.8
vs History
29
vs Industry
45
Median 3Y
2
Median 5Y
2
Industry
6
vs History
29
vs Industry
29
Median 3Y
4.5
Median 5Y
4.5
Industry
10.6
vs History
22
vs Industry
40
Median 3Y
0.6
Median 5Y
0.6
Industry
1

Multiples Across Competitors

Competitors Multiples
CNOOC Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
CNOOC Ltd
SSE:600938
716.2B CNY 1.6 5.1 2.9 2.9
US
Conocophillips
NYSE:COP
122.3B USD 2.2 11.5 5.6 8.9
US
EOG Resources Inc
NYSE:EOG
69B USD 2.8 9.2 4.9 7
CA
Canadian Natural Resources Ltd
NYSE:CNQ
68.6B USD 2.5 12.2 5.9 9.7
US
Pioneer Natural Resources Co
LSE:0KIX
46B USD 2.4 9.4 5.4 7.8
US
Hess Corp
NYSE:HES
39.7B USD 3.2 15 7 10.6
AU
Woodside Energy Group Ltd
NYSE:WDS
31.1B USD 2.5 16.7 3.9 7.3
US
Diamondback Energy Inc
NASDAQ:FANG
31B USD 3.3 9 5.4 7.5
US
Continental Resources Inc
F:C5L
25.8B EUR 3.2 8 4.7 6.4
US
Devon Energy Corp
NYSE:DVN
24.8B USD 1.6 7.1 4 6.3
AU
Woodside Petroleum Ltd
ASX:WPL
30.6B AUD 2.9 10.4 5.7 9.6

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