CNOOC Valuation
Is 600938 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of 600938 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 600938 (CN¥25.66) is trading below our estimate of fair value (CN¥75.32)
Significantly Below Fair Value: 600938 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 600938?
Key metric: As 600938 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 600938's PE Ratio? | |
|---|---|
| PE Ratio | 5.2x |
| Earnings | CN¥142.86b |
| Market Cap | CN¥772.59b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.4x |
| Enterprise Value/EBITDA | 2.4x |
| PEG Ratio | -3.8x |
Price to Earnings Ratio vs Peers
How does 600938's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 12x | ||
600777 Shandong Xinchao Energy | 6.3x | n/a | CN¥14.9b |
600759 Geo-Jade Petroleum | 10.1x | n/a | CN¥13.8b |
601225 Shaanxi Coal Industry | 10.9x | 4.6% | CN¥228.1b |
600256 Guanghui Energy | 21x | 33.6% | CN¥48.7b |
600938 CNOOC | 5.2x | -1.4% | CN¥832.0b |
Price-To-Earnings vs Peers: 600938 is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (12x).
Price to Earnings Ratio vs Industry
How does 600938's PE Ratio compare vs other companies in the CN Oil and Gas Industry?
| 0 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|
| 0 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: 600938 is good value based on its Price-To-Earnings Ratio (5.2x) compared to the CN Oil and Gas industry average (12.9x).
Price to Earnings Ratio vs Fair Ratio
What is 600938's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 5.2x |
| Fair PE Ratio | 15.2x |
Price-To-Earnings vs Fair Ratio: 600938 is good value based on its Price-To-Earnings Ratio (5.2x) compared to the estimated Fair Price-To-Earnings Ratio (15.2x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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