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STOCK COMPARISON

Cnooc vs First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETF: Fair Value & Quality

Both stocks run through our valuation models. Here is how Cnooc (0883) and First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETF (ILDR) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Cnooc trades at HK$23.68 versus a fair value of HK$26.63 (+12%), while First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETF trades at ILS 6.75 versus ILS 0.70 (-90%).
Cnooc
0883.HK · HKD · Energy
+12%
upside to fair value
undervalued
PriceHK$23.68
Fair ValueHK$26.63
Quality63/100
First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETF
ILDR.TA · ILA · Energy
-90%
upside to fair value
overvalued
PriceILS 6.75
Fair ValueILS 0.70
Quality27/100
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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

CnoocFirst Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETF
Valuation
7.7×P/E (TTM)n/a
2.76×P/S (TTM)4.03×
1.40×P/B1.71×
4.5×EV/EBITDAn/a
0.16×PEGn/a
+12.4%Fair value upside−89.7%
4.9%Dividend yieldn/a
HK$1.15Dividend per sharen/a
Profitability
45%Operating margin-21%
2.05×EBIT margin trend (5Y)n/a
15%Return on equity-2%
9%Return on assets-3%
Growth
9%Revenue growth (YoY)-21%
-3.7%Avg. growth/yr (3Y)72.5%
20.0%Avg. growth/yr (5Y)n/a
+17.7%Value creation/yrn/a
Balance & size
65.7×Interest coverage (EBIT/interest)n/a
0.07×Debt / equity0.38×
$144BMarket cap$234M
weakGrowth qualitymixed

Cnooc leads: 6 to 2 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 59 First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETFof which business quality 28 · market factors 28
ProfitabilityMargins and returns on capital today
55
10
Quality GrowthAre margins and returns improving?
36
83
CashflowEarnings quality: real cash, not paper profit
76
0
Fin. StrengthBalance sheet, leverage, solvency risk
84
44
InvestmentDisciplined investing over empire-building
40
50
Low VolatilityCalm price path (market factor)
82
50
MomentumPrice trend over the last 3–12 months (market factor)
47
18
52W MomentumDistance to the 52-week high (market factor)
53
22
Net IssuanceShare count: buybacks or dilution?
79
0

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$23.68First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETFPrice ILS 6.75
DCF Models+76%above the priceHK$41.64-76%below the priceILS 1.61
Earnings-Based+18%above the priceHK$27.87-98%below the priceILS 0.12
Dividend Discount+7%close to the priceHK$25.25n/a
Multiples+41%above the priceHK$33.44-99%below the priceILS 0.06
Asset-Based-49%below the priceHK$12.08-85%below the priceILS 1.01
Growth DCF+43%above the priceHK$33.85n/a
Economic Profit+37%above the priceHK$32.53-88%below the priceILS 0.84
Growth Earnings+42%above the priceHK$33.61-98%below the priceILS 0.14
Minimum-49%below the priceHK$12.08-99%below the priceILS 0.06
Maximum+76%above the priceHK$41.64-76%below the priceILS 1.61
Median+39%above the priceHK$32.98-93%below the priceILS 0.49
Geometric mean+20%above the priceHK$28.52-95%below the priceILS 0.33

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.

First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETF: 10 of 10 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$23.68
Fair Value HK$26.63
Bear HK$20.01Bull HK$48.26
First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETF
Price ILS 6.75
Fair Value ILS 0.70
Bear ILS 0.66Bull ILS 0.70

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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+12% · above median

First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETF · Energy

Quality score27 · bottom 25%
Fair value upside-90% · bottom 25%

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Cnooc trades at HK$23.68 versus a fair value of HK$26.63 (+12%), while First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETF trades at ILS 6.75 versus ILS 0.70 (-90%).

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

Open Cnooc live analysis →
Cnooc · First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETF

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