CNOOC Energy Technology & Services Ltd
SSE:600968

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CNOOC Energy Technology & Services Ltd
SSE:600968
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Price: 4.14 CNY 2.73% Market Closed
Market Cap: 42.1B CNY
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Relative Value

The Relative Value of one CNOOC Energy Technology & Services Ltd stock under the Base Case scenario is 6.42 CNY. Compared to the current market price of 4.14 CNY, CNOOC Energy Technology & Services Ltd is Undervalued by 36%.

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
6.42 CNY
Undervaluation 36%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
15
vs Industry
63
Median 3Y
0.7
Median 5Y
0.7
Industry
2.2
Forward
0.8
vs History
82
vs Industry
26
Median 3Y
13.3
Median 5Y
15.6
Industry
16.6
Forward
11.2
vs History
47
vs Industry
17
Median 3Y
7.2
Median 5Y
7.4
Industry
10.4
vs History
42
vs Industry
19
Median 3Y
11.6
Median 5Y
10.9
Industry
13.7
vs History
6
vs Industry
30
Median 3Y
1.4
Median 5Y
1.3
Industry
1.6
vs History
17
vs Industry
70
Median 3Y
0.6
Median 5Y
0.6
Industry
3.2
Forward
0.6
vs History
41
vs Industry
47
Median 3Y
4.6
Median 5Y
5
Industry
7.1
vs History
87
vs Industry
18
Median 3Y
9.7
Median 5Y
11
Industry
11.3
Forward
5.7
vs History
87
vs Industry
19
Median 3Y
9.7
Median 5Y
11
Industry
13.2
Forward
7.9
vs History
50
vs Industry
20
Median 3Y
6.3
Median 5Y
6.5
Industry
11.1
vs History
44
vs Industry
14
Median 3Y
11.3
Median 5Y
10.8
Industry
12.2
vs History
7
vs Industry
33
Median 3Y
1.2
Median 5Y
1.1
Industry
1.5

Multiples Across Competitors

Competitors Multiples
CNOOC Energy Technology & Services 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 Energy Technology & Services Ltd
SSE:600968
42.1B CNY 0.8 11.6 8.7 8.7
US
Schlumberger NV
NYSE:SLB
52B USD 1.4 11.6 6.8 9.6
US
Baker Hughes Co
NASDAQ:BKR
39.9B USD 1.5 17.8 9.9 13.3
US
Halliburton Co
NYSE:HAL
22.8B 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
12.3B USD 1.4 18.3 9.4 13.3
US
Nov Inc
NYSE:NOV
5.5B 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
ChampionX Corp
NASDAQ:CHX
4.9B USD 1.3 15.6 7 10.5
US
Weatherford International PLC
NASDAQ:WFRD
4.9B USD 0.9 9.1 4.3 5.9
CN
Yantai Jereh Oilfield Services Group Co Ltd
SZSE:002353
34.5B CNY 2.6 13.9 12.6 12.6

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