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STOCK COMPARISON

Cnooc vs Highwood Asset Management: Fair Value & Quality

Both stocks run through our valuation models. Here is how Cnooc (0883) and Highwood Asset Management (HAM) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Cnooc trades at HK$23.34 versus a fair value of HK$26.63 (+14%), while Highwood Asset Management trades at C$5.89 versus C$3.89 (-34%).
Cnooc
0883.HK · HKD · Energy
+14%
upside to fair value
undervalued
PriceHK$23.34
Fair ValueHK$26.63
Quality63/100
Highwood Asset Management
HAM.V · CAD · Energy
-34%
upside to fair value
overvalued
PriceC$5.89
Fair ValueC$3.89
Quality37/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

CnoocHighwood Asset Management
Valuation
7.7×P/E (TTM)3.9×
2.72×P/S (TTM)0.63×
1.38×P/B0.39×
4.4×EV/EBITDA4.0×
0.16×PEGn/a
+14.1%Fair value upside−34.0%
4.9%Dividend yieldn/a
HK$1.15Dividend per sharen/a
Profitability
45%Operating margin70%
2.05×EBIT margin trend (5Y)n/a
15%Return on equity14%
9%Return on assets3%
Growth
9%Revenue growth (YoY)32%
-3.7%Avg. growth/yr (3Y)133.6%
20.0%Avg. growth/yr (5Y)32.4%
+17.7%Value creation/yr−4.2%
Balance & size
65.7×Interest coverage (EBIT/interest)2.7×
0.07×Debt / equity0.68×
$141BMarket cap$60M
weakGrowth qualityexpensive

Highwood Asset Management leads: 5 to 8 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Cnoocof which business quality 64 · market factors 60 Highwood Asset Managementof which business quality 37 · market factors 68
ProfitabilityMargins and returns on capital today
55
48
Quality GrowthAre margins and returns improving?
36
26
CashflowEarnings quality: real cash, not paper profit
76
51
Fin. StrengthBalance sheet, leverage, solvency risk
84
32
InvestmentDisciplined investing over empire-building
40
0
Low VolatilityCalm price path (market factor)
82
70
MomentumPrice trend over the last 3–12 months (market factor)
49
66
52W MomentumDistance to the 52-week high (market factor)
55
71
Net IssuanceShare count: buybacks or dilution?
79
50

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyCnoocPrice HK$23.34Highwood Asset ManagementPrice C$5.89
DCF Models+73%above the priceHK$40.48n/a
Earnings-Based+16%above the priceHK$26.96+826%above the priceC$54.52
Dividend Discount0%close to the priceHK$23.26n/a
Multiples+43%above the priceHK$33.44+36%above the priceC$8.02
Asset-Based-48%below the priceHK$12.08+26%above the priceC$7.41
Growth DCF+36%above the priceHK$31.69n/a
Economic Profit+31%above the priceHK$30.63+21%above the priceC$7.11
Growth Earnings+44%above the priceHK$33.61+985%above the priceC$63.89
Minimum-48%below the priceHK$12.08+21%above the priceC$7.11
Maximum+73%above the priceHK$40.48+985%above the priceC$63.89
Median+33%above the priceHK$31.16+36%above the priceC$8.02
Geometric mean+18%above the priceHK$27.58+191%above the priceC$17.12

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Cnooc: 9 of 26 models see the stock below the current price.

Highwood Asset Management: 4 of 14 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Cnooc
Price HK$23.34
Fair Value HK$26.63
Bear HK$20.00Bull HK$45.29
Highwood Asset Management
Price C$5.89
Fair Value C$3.89
Bear C$3.89Bull C$4.86

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Cnooc · Energy

Quality score63 · Top 25%
Fair value upside+14% · above median

Highwood Asset Management · Energy

Quality score37 · bottom 25%
Fair value upside-34% · below median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Cnooc trades at HK$23.34 versus a fair value of HK$26.63 (+14%), while Highwood Asset Management trades at C$5.89 versus C$3.89 (-34%).

Cnooc has the higher quality score (63/100).

Open Cnooc live analysis →
Cnooc · Highwood Asset Management

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.