Gulf Keystone Petroleum vs Cnooc: Fair Value & Quality
Both stocks run through our valuation models. Here is how Gulf Keystone Petroleum (GKP) and Cnooc (0883) compare, as of Aug 15, 2026.
As of Aug 15, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Gulf Keystone Petroleum trades at £1.76 versus a fair value of £1.53 (-13%), while Cnooc trades at HK$23.82 versus HK$26.50 (+11%).
Gulf Keystone Petroleum
GKP.LSE · GBX · Energy
-13%
upside to fair value
overvalued
Price£1.76
Fair Value£1.53
Quality58/100
Cnooc
0883.HK · HKD · Energy
+11%
upside to fair value
undervalued
PriceHK$23.82
Fair ValueHK$26.50
Quality63/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Gulf Keystone PetroleumCnooc
Valuation
35.3×P/E (TTM)7.7×
2.66×P/S (TTM)2.67×
1.07×P/B1.35×
4.9×EV/EBITDA4.3×
—PEG0.16×
0.1%Dividend yield5.0%
£0.23Dividend per shareHK$1.15
Profitability
8%Net margin31%
13%Operating margin45%
3%Return on equity15%
1%Return on assets9%
Growth
37%Revenue growth (YoY)9%
-28.5%Avg. growth/yr (3Y)-3.7%
9.2%Avg. growth/yr (5Y)20.0%
Balance & size
—Debt / equity0.07×
$514MMarket cap$139B
mixedGrowth qualityexpensive
Cnooc leads: 3 to 9 metric wins.
Dash = 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.
Gulf Keystone Petroleumof which business quality 59 · market factors 46Cnoocof which business quality 64 · market factors 63
ProfitabilityMargins and returns on capital today
23
55
Quality GrowthAre margins and returns improving?
52
36
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
67
40
Low VolatilityCalm price path (market factor)
75
83
MomentumPrice trend over the last 3–12 months (market factor)
35
50
52W MomentumDistance to the 52-week high (market factor)
34
62
Net IssuanceBuybacks instead of dilution
83
79
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Gulf Keystone Petroleum
DCF Models£3.03
Earnings-Based£2.46
Dividend Discount£3.14
Multiples£1.08
Asset-Based£1.48
Growth DCF£2.80
Economic Profit£1.18
Growth Earnings£2.89
9 of 26 models see the stock below the current price.
Cnooc
DCF ModelsHK$41.36
Earnings-BasedHK$27.87
Dividend DiscountHK$25.25
MultiplesHK$33.44
Asset-BasedHK$12.08
Growth DCFHK$33.29
Economic ProfitHK$32.53
Growth EarningsHK$33.61
9 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Cnooc
Bear HK$19.91Fair Value HK$26.50Bull HK$33.92
HK$23.82 = current price (white tick)
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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.
Gulf Keystone Petroleum · Energy
Quality score58 · above median
Fair value upside-13% · above median
Cnooc · Energy
Quality score63 · Top 25%
Fair value upside+11% · above median
Bottom line
As of Aug 15, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Gulf Keystone Petroleum trades at £1.76 versus a fair value of £1.53 (-13%), while Cnooc trades at HK$23.82 versus HK$26.50 (+11%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
