CNOOC Ltd (0883) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of CNOOC Ltd stock HK$26.79, price HK$23.28, upside +15.1%, quality 64 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free
CNOOC Ltd
0883 · HKThe stock costs 13% less than our calculation considers fair.
Risks from the AI analysis
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range HK$4.59 – HK$28.72 · fair‑value band HK$20.14 – HK$34.27 · the HK$23.28 price screens below the HK$26.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
Every Wednesday you see whether CNOOC is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Company profile
CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in worldwide.
Show moreShow less
The company produces offshore crude oil and natural gas primarily in Bohai Sea, the Western South China Sea, the Eastern South China Sea, and the East China Sea in China. It also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe.
In addition, the company is involved in the sales and trading of petroleum and natural gas; oil sands exploration, development, and production; and exploration, development, and production of unconventional natural gas resources in onshore China, as well as in shale oil and gas activities.
The company was incorporated in 1999 and is based in Hong Kong. CNOOC Limited operates as a subsidiary of CNOOC (BVI) LTD.
Stock analysis
CNOOC Ltd (0883) currently trades at HK$23.28, while our model-based Fair Value estimate is HK$26.79, implying the stock looks roughly 13% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of HK$47.85 per share, and 23 of the 26 models we run sit above the HK$23.28 price.
Bear case: the Asset-Based group reads lowest at HK$13.90, and 3 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: HK$20.14 (bear) to HK$34.27 (bull), the price of HK$23.28 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
CNOOC Ltd reported revenue of 386B CNY in FY2025 versus 246B CNY in FY2021, a compound +11.9%/yr. Reported net income was 119B CNY in FY2025, compounding +14.0%/yr from FY2021.
Key figures
Market cap HK$1.1T (≈ $141B) Large · P/E ratio 7.3 · P/S ratio 2.51 · EPS (TTM) HK$2.94 · Dividend yield 5.6% · Net margin 31.6% · Return on equity 17.0% · Return on assets (EBIT) 16.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at 15%, 0883 screens cheaper than that median.
Fair Value models
All 26 models by family
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
Watch 0883, get fair value alerts →
Recent news
- CNOOC (SEHK:883) Stock Price Stalls After Q3 Earnings Value Gap Widens
- CNOOC Limited Brings On-stream 9 New Projects in the First Three Quarters of 2026, Production Continues to Hit New Highs
- CNOOC 'Will Spare No Effort' to Boost Reserves, Output in 2H
- CNOOC (SEHK:883) Could Be 24% Below Fair Value Following Record Half Year Results
Compare CNOOC Ltd with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas E&P · 237 stocks
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Dividend yield by industry
- EV/EBITDA by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Energy
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Diamondback Energy, Inc FANG | $182.88 | $242.64 | +33% | vs 0883 |
| Texas Pacific Land Corporation TPL | $287.65 | $318.58 | +11% | vs 0883 |
| EOG Resources, Inc EOG | $147.06 | $162.51 | +11% | vs 0883 |
| Canadian Natural Resources Limited CNQ | $49.64 | $54.60 | +10% | vs 0883 |
| EQT Corporation EQT | $52.52 | $57.77 | +10% | vs 0883 |
| Devon Energy Corporation DVN | $44.12 | $41.25 | −7% | vs 0883 |
| Woodside Energy Group WDS | $21.44 | $19.39 | −10% | vs 0883 |
| ConocoPhillips explores for, COP | $136.94 | $91.42 | −33% | vs 0883 |
| Occidental Petroleum Corporation OXY | $57.33 | $33.18 | −42% | vs 0883 |
| Aker BP ASA AKRBP | kr 319.30 | kr 123.81 | −61% | vs 0883 |
Explore undervalued stocks
More undervalued Energy stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is CNOOC Ltd (0883) overvalued or undervalued?
What is the fair value of 0883?
What is the quality score of 0883?
What is the price target for CNOOC Ltd (0883)?
What is the CNOOC Ltd stock forecast for 2026?
What is the revenue of CNOOC Ltd (0883)?
Does CNOOC Ltd pay a dividend?
What growth is priced into CNOOC Ltd (0883)?
What discount rate (WACC) does the fair value of 0883 use?
What is a reverse DCF?
How much growth has CNOOC Ltd (0883) delivered so far?
How fast is the sector of CNOOC Ltd (0883) growing?
What is the free cash flow yield of CNOOC Ltd (0883)?
What is the intrinsic value of CNOOC Ltd (0883)?
Is CNOOC Ltd stock overvalued or undervalued in 2026?
Is fair value the same as the market price of 0883?
How much is CNOOC Ltd worth?
What do the bullish and bearish scenarios say about 0883?
What is the P/E ratio of 0883?
What is the PEG ratio of 0883?
How solid is the balance sheet of CNOOC Ltd (0883)?
How far is 0883 from its 52-week high?
Which stocks are comparable to CNOOC Ltd?
Is CNOOC Ltd stock attractive at the current price?
How is the fair value of 0883 calculated?
Is it still worth investing in stocks now?
What is the share price of CNOOC Ltd (0883)?
What should I pay attention to with CNOOC Ltd right now?
Where does the earnings growth of CNOOC Ltd (0883) come from?
Key figures of CNOOC Ltd
How large is the market capitalisation of CNOOC Ltd (0883)?
What is the P/S ratio of CNOOC Ltd (0883)?
What are the earnings per share of CNOOC Ltd (0883)?
What is the dividend yield of CNOOC Ltd (0883)?
What is the net margin of CNOOC Ltd (0883)?
What is the return on equity of CNOOC Ltd (0883)?
What is the EBIT return on assets of CNOOC Ltd (0883)?
What is the operating margin of CNOOC Ltd (0883)?
How fast is revenue growing at CNOOC Ltd (0883)?
How fast are earnings growing at CNOOC Ltd (0883)?
How much net cash does CNOOC Ltd (0883) hold?
Watch CNOOC Ltd in the live analysis
One click puts CNOOC Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.