Offshore Oil Engineering Co.,Ltd

XSSC:600583 Stock Report

Market Cap: CN¥23.5b

Offshore Oil EngineeringLtd Valuation

Is 600583 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation 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 600583 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600583 (CN¥5.32) is trading below our estimate of fair value (CN¥13.85)

Significantly Below Fair Value: 600583 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600583?

Key metric: As 600583 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600583. This is calculated by dividing 600583's market cap by their current earnings.
What is 600583's PE Ratio?
PE Ratio11.8x
EarningsCN¥1.99b
Market CapCN¥23.52b

Price to Earnings Ratio vs Peers

How does 600583's PE Ratio compare to its peers?

The above table shows the PE ratio for 600583 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.6x
002423 COFCO Capital Holdings
25.7x3.8%CN¥34.8b
002353 Yantai Jereh Oilfield Services Group
14.9x17.9%CN¥37.1b
600339 China Petroleum Engineering
42.2x25.7%CN¥20.4b
600968 CNOOC Energy Technology & Services
11.5x12.8%CN¥41.8b
600583 Offshore Oil EngineeringLtd
11.8x9.7%CN¥23.5b

Price-To-Earnings vs Peers: 600583 is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (23.6x).

Price to Earnings Ratio vs Industry

How does 600583's PE Ratio compare vs other companies in the CN Energy Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
600583 11.8xIndustry Avg. 32.4xNo. of Companies4PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600583 is good value based on its Price-To-Earnings Ratio (11.8x) compared to the CN Energy Services industry average (32.4x).

Price to Earnings Ratio vs Fair Ratio

What is 600583'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.

600583 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ratio12.5x

Price-To-Earnings vs Fair Ratio: 600583 is good value based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (12.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 600583 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥5.32
CN¥6.35
+19.4%
9.2%CN¥7.00CN¥5.40n/a4
Nov ’25CN¥5.51
CN¥6.35
+15.2%
9.2%CN¥7.00CN¥5.40n/a4
Oct ’25CN¥5.82
CN¥6.35
+9.1%
9.2%CN¥7.00CN¥5.40n/a4
Sep ’25CN¥5.49
CN¥6.68
+21.6%
3.1%CN¥7.00CN¥6.50n/a4
Aug ’25CN¥5.59
CN¥6.93
+23.9%
5.4%CN¥7.50CN¥6.50n/a4
Jul ’25CN¥6.16
CN¥6.42
+4.2%
16.6%CN¥7.50CN¥4.40n/a5
Jun ’25CN¥6.14
CN¥6.34
+3.3%
16.7%CN¥7.50CN¥4.40n/a5
May ’25CN¥6.37
CN¥6.34
-0.5%
16.7%CN¥7.50CN¥4.40n/a5
Apr ’25CN¥6.65
CN¥6.34
-4.7%
16.7%CN¥7.50CN¥4.40n/a5
Mar ’25CN¥6.36
CN¥6.34
-0.3%
16.7%CN¥7.50CN¥4.40n/a5
Feb ’25CN¥5.48
CN¥6.26
+14.2%
15.6%CN¥7.10CN¥4.40n/a5
Jan ’25CN¥5.94
CN¥6.26
+5.4%
15.6%CN¥7.10CN¥4.40n/a5
Dec ’24CN¥6.39
CN¥6.26
-2.0%
15.6%CN¥7.10CN¥4.40n/a5
Nov ’24CN¥6.13
CN¥6.26
+2.1%
15.6%CN¥7.10CN¥4.40CN¥5.515
Oct ’24CN¥6.48
CN¥6.26
-3.4%
15.6%CN¥7.10CN¥4.40CN¥5.825
Sep ’24CN¥5.83
CN¥6.26
+7.4%
15.6%CN¥7.10CN¥4.40CN¥5.495
Aug ’24CN¥6.30
CN¥6.25
-0.8%
19.4%CN¥7.80CN¥4.40CN¥5.594
Jul ’24CN¥5.85
CN¥6.15
+5.1%
22.3%CN¥7.80CN¥4.00CN¥6.164
Jun ’24CN¥6.20
CN¥6.08
-2.0%
22.5%CN¥7.80CN¥4.00CN¥6.144
May ’24CN¥6.73
CN¥5.90
-12.3%
19.7%CN¥7.10CN¥4.00CN¥6.374
Apr ’24CN¥6.13
CN¥5.90
-3.8%
19.7%CN¥7.10CN¥4.00CN¥6.654
Mar ’24CN¥6.76
CN¥6.05
-10.5%
22.5%CN¥8.00CN¥4.00CN¥6.366
Feb ’24CN¥6.75
CN¥5.66
-16.1%
20.3%CN¥7.10CN¥4.00CN¥5.485
Jan ’24CN¥6.06
CN¥5.44
-10.2%
17.2%CN¥6.50CN¥4.00CN¥5.945
Dec ’23CN¥5.70
CN¥5.32
-6.7%
16.8%CN¥6.50CN¥4.00CN¥6.395
Nov ’23CN¥4.86
CN¥5.14
+5.8%
16.1%CN¥6.50CN¥4.00CN¥6.135

Analyst Forecast: Target price is less than 20% higher than the current share price.

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