China Petroleum Engineering Corporation (600339) Fair Value & Analysis
Energy · CN · Market cap 18.6B CNY
Fair value as of: Aug 8, 2026
From 24 valuation models · updated 2 days ago
Fair value updated Aug 8, 2026, revised from ¥3.03 to ¥4.35 (+43.6%) since Jul 24, 2026. Share price +7.4% over the past month.
A solid business, screening 30% undervalued on our models.
What matters now
- Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
- Our model range runs from ¥2.63 (bear) to ¥4.35 (bull), base ¥4.35. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 58/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.
How to read this chart
60‑month range ¥2.60 – ¥5.24 · fair‑value band ¥2.63 – ¥4.35 · the ¥3.34 price screens below the ¥4.35 fair value. Dashed = 300-day average. As of Aug 8, 2026.
Analysis
China Petroleum Engineering Corporation (600339) currently trades at ¥3.34, while our model-based Fair Value estimate is ¥4.35, implying the stock looks roughly 30.3% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, China Petroleum Engineering Corporation generated revenue of 99.4B CNY at a net margin of 0.4%. Revenue declined 1.5% year over year. It earns a return on equity of 1.4%. The balance sheet holds a net cash position of 21.4B CNY. Fundamentals as of Aug 8, 2026
Our scenario range runs from ¥2.63 (bear case) to ¥4.35 (bull case); at ¥3.34, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 40% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -36% fair-value upside, at 30%, 600339 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: Growth DCF (¥16.65) versus Multiples (¥1.08). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 36
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
China Petroleum Engineering Corporation provides energy and chemical engineering services. The company is involved in onshore and offshore oil and gas engineering design consulting, engineering contracting, construction and manufacturing, and operation and maintenance.
Full company description
China Petroleum Engineering Corporation provides energy and chemical engineering services. The company is involved in onshore and offshore oil and gas engineering design consulting, engineering contracting, construction and manufacturing, and operation and maintenance. It also engages in onshore and offshore oil and gas pipeline projects, chemical petroleum storage facilities, LNG receiving terminals and other engineering construction, marine pipeline survey and measurement, design and construction, and transportation of hydrogen and CO2. In addition, the company develops engineering businesses such as refining and chemical engineering, coal chemical engineering, textile and chemical fiber and synthetic materials; and industrial wastewater treatment and reuse, industrial tail gas treatment, VOCs control and management, oilfield sludge treatment, hazardous waste resource utilization, reduction and harmless treatment, as well as water and soil remediation services. Further, it offers engineering consulting; project management; equipment manufacturing, design and construction, and safety and environmental supervision; and project completion acceptance services. China Petroleum Engineering Corporation was formerly known as Xinjiang Dushanzi Tianli High and New Tech Co., Ltd. and changed its name to China Petroleum Engineering Corporation in February 2017. China Petroleum Engineering Corporation was founded in 1999 and is based in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Petroleum Engineering Corporation reported revenue of ¥99.7B in FY2025 versus ¥79.8B in FY2021, a compound +5.7%/yr. Reported net income was ¥356M in FY2025, compounding −6.2%/yr from FY2021.
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Peer Group
Oil & Gas Equipment & Services · 191 stocks
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.
Valuation Multiples vs Oil & Gas Equipment & Services median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SLB N.V SLBN | 836.00 MXN | 533.97 MXN | -36% |
| Baker Hughes Company BKR | $55.95 | $33.55 | -40% |
| TechnipFMC plc FTI | $74.57 | $27.57 | -63% |
| Halliburton Company HAL | $35.22 | $21.50 | -39% |
| Tenaris S.A TS | $57.16 | $45.68 | -20% |
| Yantai Jereh Oilfield Services Group 002353 | ¥138.79 | ¥34.17 | -75% |
| Saipem SpA SPM | €4.20 | €2.72 | -35% |
| Subsea 7 S.A SUBC | kr 319.00 | kr 227.98 | -29% |
| China Oilfield Services Limited 601808 | ¥12.08 | ¥12.64 | +5% |
| Gaztransport & Technigaz SA GTT | €188.10 | €95.01 | -49% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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