CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil and natural gas in offshore China, Canada, the United States, the United Kingdom, Nigeria, Argentina, Indonesia, Uganda, Iraq, Brazil, Guyana, Russia, Australia, and internationally. More Details
Excellent balance sheet average dividend payer.
Share Price & News
How has CNOOC's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 883 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 883's weekly volatility (6%) has been stable over the past year.
7 Day Return
HK Oil and Gas
1 Year Return
HK Oil and Gas
Return vs Industry: 883 underperformed the Hong Kong Oil and Gas industry which returned 17.2% over the past year.
Return vs Market: 883 underperformed the Hong Kong Market which returned 27.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is CNOOC's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StHere's What To Make Of CNOOC's (HKG:883) Returns On Capital
3 months ago | Simply Wall StConsider This Before Buying CNOOC Limited (HKG:883) For The 7.9% Dividend
3 months ago | Simply Wall StCNOOC Limited (HKG:883) Shares Could Be 45% Below Their Intrinsic Value Estimate
Is CNOOC undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 883 (HK$8.72) is trading below our estimate of fair value (HK$17.35)
Significantly Below Fair Value: 883 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 883 is poor value based on its PE Ratio (13x) compared to the HK Oil and Gas industry average (7.6x).
PE vs Market: 883 is poor value based on its PE Ratio (13x) compared to the Hong Kong market (11.7x).
Price to Earnings Growth Ratio
PEG Ratio: 883 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 883's PB Ratio (0.7x) is in line with the HK Oil and Gas industry average.
How is CNOOC forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 883's forecast earnings growth (19.3% per year) is above the savings rate (1.5%).
Earnings vs Market: 883's earnings (19.3% per year) are forecast to grow faster than the Hong Kong market (17.2% per year).
High Growth Earnings: 883's earnings are forecast to grow, but not significantly.
Revenue vs Market: 883's revenue (11% per year) is forecast to grow slower than the Hong Kong market (12.6% per year).
High Growth Revenue: 883's revenue (11% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 883's Return on Equity is forecast to be low in 3 years time (13.2%).
How has CNOOC performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 883 has high quality earnings.
Growing Profit Margin: 883's current net profit margins (16.1%) are lower than last year (26.2%).
Past Earnings Growth Analysis
Earnings Trend: 883's earnings have grown significantly by 30.7% per year over the past 5 years.
Accelerating Growth: 883's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 883 had negative earnings growth (-59%) over the past year, making it difficult to compare to the Oil and Gas industry average (-3.6%).
Return on Equity
High ROE: 883's Return on Equity (5.8%) is considered low.
How is CNOOC's financial position?
Financial Position Analysis
Short Term Liabilities: 883's short term assets (CN¥163.4B) exceed its short term liabilities (CN¥74.9B).
Long Term Liabilities: 883's short term assets (CN¥163.4B) do not cover its long term liabilities (CN¥212.5B).
Debt to Equity History and Analysis
Debt Level: 883's debt to equity ratio (31.4%) is considered satisfactory.
Reducing Debt: 883's debt to equity ratio has reduced from 42.7% to 31.4% over the past 5 years.
Debt Coverage: 883's debt is well covered by operating cash flow (60.4%).
Interest Coverage: 883 earns more interest than it pays, so coverage of interest payments is not a concern.
What is CNOOC current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 883's dividend (5.16%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.94%).
High Dividend: 883's dividend (5.16%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.01%).
Stability and Growth of Payments
Stable Dividend: 883's dividend payments have been volatile in the past 10 years.
Growing Dividend: 883's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (67.8%), 883's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 883's dividends in 3 years are forecast to be well covered by earnings (47% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Keqiang Xu (49 yo)
Mr. Keqiang Xu is a Director of China National Offshore Oil Corporation since 2020. He has been Executive President of China National Offshore Oil Corporation (CNOOC) since March 2017. Mr. Xu has been Exec...
CEO Compensation Analysis
Compensation vs Market: Keqiang's total compensation ($USD149.16K) is below average for companies of similar size in the Hong Kong market ($USD847.07K).
Compensation vs Earnings: Keqiang's compensation has been consistent with company performance over the past year.
Experienced Management: 883's management team is considered experienced (3.1 years average tenure).
Experienced Board: 883's board of directors are considered experienced (3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CNOOC Limited's company bio, employee growth, exchange listings and data sources
- Name: CNOOC Limited
- Ticker: 883
- Exchange: SEHK
- Founded: 1999
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: HK$385.754b
- Shares outstanding: 44.65b
- Website: https://www.cnoocltd.com
Number of Employees
- CNOOC Limited
- Bank of China Tower
- 65th Floor
- Hong Kong
CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil and natural gas in offshore China, Canada, the United States, the United Kingdom, Nigeria, Argentina, Ind...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/07 10:29|
|End of Day Share Price||2021/05/07 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.