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STOCK COMPARISON

Cnooc vs Matador Resources: Fair Value & Quality

Both stocks run through our valuation models. Here is how Cnooc (0883) and Matador Resources (MTDR) 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$23.34 versus a fair value of HK$26.63 (+14%), while Matador Resources trades at $52.12 versus $36.97 (-29%).
Cnooc
0883.HK · HKD · Energy
+14%
upside to fair value
undervalued
PriceHK$23.34
Fair ValueHK$26.63
Quality63/100
Matador Resources
MTDR · USD · Energy
-29%
upside to fair value
overvalued
Price$52.12
Fair Value$36.97
Quality44/100
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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

CnoocMatador Resources
Valuation
7.7×P/E (TTM)9.3×
2.72×P/S (TTM)1.69×
1.38×P/B1.14×
4.4×EV/EBITDA4.1×
0.16×PEG0.97×
+14.1%Fair value upside−29.1%
4.9%Dividend yield2.8%
HK$1.15Dividend per share$1.38
Profitability
45%Operating margin49%
2.05×EBIT margin trend (5Y)n/a
15%Return on equity14%
9%Return on assets6%
Growth
9%Revenue growth (YoY)27%
-3.7%Avg. growth/yr (3Y)6.1%
20.0%Avg. growth/yr (5Y)33.7%
+17.7%Value creation/yr+19.4%
Balance & size
65.7×Interest coverage (EBIT/interest)5.7×
0.07×Debt / equity0.60×
$141BMarket cap$6B
weakGrowth qualityexpensive

Matador Resources leads: 7 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 58 Matador Resourcesof which business quality 46 · market factors 52
ProfitabilityMargins and returns on capital today
55
45
Quality GrowthAre margins and returns improving?
36
36
CashflowEarnings quality: real cash, not paper profit
76
60
Fin. StrengthBalance sheet, leverage, solvency risk
84
43
InvestmentDisciplined investing over empire-building
40
1
Low VolatilityCalm price path (market factor)
82
58
MomentumPrice trend over the last 3–12 months (market factor)
47
47
52W MomentumDistance to the 52-week high (market factor)
52
55
Net IssuanceShare count: buybacks or dilution?
79
78

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$23.34Matador ResourcesPrice $52.12
DCF Models+78%above the priceHK$41.64+118%above the price$113
Earnings-Based+19%above the priceHK$27.87+247%above the price$181
Dividend Discount+8%close to the priceHK$25.25-59%below the price$21.50
Multiples+43%above the priceHK$33.44+45%above the price$75.68
Asset-Based-48%below the priceHK$12.08-41%below the price$30.63
Growth DCF+45%above the priceHK$33.85-1%close to the price$51.81
Economic Profit+39%above the priceHK$32.53+27%above the price$66.20
Growth Earnings+44%above the priceHK$33.61+275%above the price$196
Minimum-48%below the priceHK$12.08-59%below the price$21.50
Maximum+78%above the priceHK$41.64+275%above the price$196
Median+41%above the priceHK$32.98+36%above the price$70.94
Geometric mean+22%above the priceHK$28.52+37%above the price$71.52

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: 8 of 26 models see the stock below the current price.

Matador Resources: 7 of 25 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$20.01Bull HK$48.26
Matador Resources
Price $52.12
Fair Value $36.97
Bear $19.61Bull $70.89

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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

Matador Resources · Energy

Quality score44 · below median
Fair value upside-29% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Cnooc trades at HK$23.34 versus a fair value of HK$26.63 (+14%), while Matador Resources trades at $52.12 versus $36.97 (-29%).

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

Open Cnooc live analysis →

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