CNOOC Limited Logo

CNOOC Limited

600938.SS

(2.8)
Stock Price

26,05 CNY

20.19% ROA

31.2% ROE

7.01x PER

Market Cap.

975.760.157.790,00 CNY

11.95% DER

3.63% Yield

32.07% NPM

CNOOC Limited Stock Analysis

CNOOC Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

CNOOC Limited Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (26.29%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 ROA

This stock has a great ability to make a lot of money from the things it owns, which makes it a really good investment for smart investors.

3 PBV

With a remarkably low PBV ratio (0x), the stock offers substantial upside potential at a bargain price.

4 DER

The stock has a minimal amount of debt (23%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

5 Revenue Growth

Company's revenue has experienced consistent growth over the last three years, indicating a favorable financial trajectory and making it an attractive investment choice.

6 Net Profit Growth

Throughout the last three years, this company has experienced consistent net profit growth, reflecting a robust financial performance and making it an attractive investment prospect.

7 Assets Growth

This company's revenue has shown remarkable growth over the past three years, making it an excellent choice for seeking a consistently prosperous investment.

8 Graham Number

The company's Graham number suggests that its stock price is overestimated, implying that it may not be a promising investment opportunity.

9 Dividend Growth

The company's dividend growth has been flat for the past three years, raising concerns for potential investors seeking reliable returns.

10 Dividend

The company's lack of dividends in the past three years may concern investors seeking regular income.

11 Buffet Intrinsic Value

Based on Warren Buffett's formula, the company's stock seems overpriced (0), indicating a potential drawback for investors as its market price exceeds its estimated intrinsic value.

CNOOC Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

CNOOC Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Sell
2 MACD Buy
3 RSI Hold
4 Stoch RSI Hold

CNOOC Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

CNOOC Limited Revenue
Year Revenue Growth
1998 9.312.341.000
1999 15.310.587.000 39.18%
2000 24.192.470.982 36.71%
2001 20.819.387.756 -16.2%
2002 26.373.606.922 21.06%
2003 40.950.294.472 35.6%
2004 55.222.089.973 25.84%
2005 69.477.045.174 20.52%
2006 88.872.060.832 21.82%
2007 90.854.171.179 2.18%
2008 125.977.382.000 27.88%
2009 105.195.077.000 -19.76%
2010 183.053.085.000 42.53%
2011 240.944.000.000 24.03%
2012 248.663.000.000 3.1%
2013 289.512.000.000 14.11%
2014 281.067.000.000 -3%
2015 174.083.000.000 -61.46%
2016 148.888.000.000 -16.92%
2017 189.616.000.000 21.48%
2018 231.178.000.000 17.98%
2019 237.631.000.000 2.72%
2020 158.097.000.000 -50.31%
2021 248.702.000.000 36.43%
2022 432.225.000.000 42.46%
2023 416.609.000.000 -3.75%
2024 884.412.000.004 52.89%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

CNOOC Limited Research and Development Expenses
Year Research and Development Expenses Growth
1998 584.067.000
1999 246.402.000 -137.04%
2000 0 0%
2001 1.039.288.109 100%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 1.278.000.000 100%
2014 1.821.000.000 29.82%
2015 1.629.000.000 -11.79%
2016 1.424.000.000 -14.4%
2017 1.739.000.000 18.11%
2018 2.350.000.000 26%
2019 1.632.000.000 -44%
2020 2.702.000.000 39.6%
2021 2.926.000.000 7.66%
2022 5.552.000.000 47.3%
2023 4.136.000.000 -34.24%
2024 1.708.000.000 -142.15%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

CNOOC Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
1998 649.779.000
1999 516.485.000 -25.81%
2000 1.110.998.014 53.51%
2001 615.384.189 -80.54%
2002 2.450.982.204 74.89%
2003 14.355.843.557 82.93%
2004 20.584.820.306 30.26%
2005 18.626.719.010 -10.51%
2006 8.652.940.332 -115.26%
2007 20.986.881.213 58.77%
2008 1.742.597.000 -1104.35%
2009 2.263.957.000 23.03%
2010 3.062.608.000 26.08%
2011 2.854.000.000 -7.31%
2012 3.377.000.000 15.49%
2013 7.859.000.000 57.03%
2014 6.613.000.000 -18.84%
2015 5.705.000.000 -15.92%
2016 6.493.000.000 12.14%
2017 6.861.000.000 5.36%
2018 7.286.000.000 5.83%
2019 8.062.000.000 9.63%
2020 8.821.000.000 8.6%
2021 8.961.000.000 1.56%
2022 10.468.000.000 14.4%
2023 0 0%
2024 17.672.000.000 100%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

CNOOC Limited EBITDA
Year EBITDA Growth
1998 3.709.957.000
1999 7.762.349.000 52.21%
2000 14.647.832.089 47.01%
2001 13.625.504.449 -7.5%
2002 16.661.457.177 18.22%
2003 19.767.576.504 15.71%
2004 26.746.810.265 26.09%
2005 41.531.351.539 35.6%
2006 61.807.772.665 32.81%
2007 47.799.103.506 -29.31%
2008 66.929.412.000 28.58%
2009 57.086.096.000 -17.24%
2010 100.021.682.000 42.93%
2011 122.913.000.000 18.62%
2012 124.564.000.000 1.33%
2013 140.429.000.000 11.3%
2014 150.016.000.000 6.39%
2015 97.119.000.000 -54.47%
2016 10.343.000.000 -838.98%
2017 109.760.000.000 90.58%
2018 128.087.000.000 14.31%
2019 145.565.000.000 12.01%
2020 97.076.000.000 -49.95%
2021 164.018.000.000 40.81%
2022 262.427.000.000 37.5%
2023 235.735.000.000 -11.32%
2024 598.224.000.000 60.59%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

CNOOC Limited Gross Profit
Year Gross Profit Growth
1998 7.879.960.000
1999 11.573.916.000 31.92%
2000 16.979.999.490 31.84%
2001 16.036.983.657 -5.88%
2002 20.271.983.160 20.89%
2003 36.437.485.834 44.37%
2004 50.151.739.655 27.35%
2005 63.540.624.845 21.07%
2006 66.612.888.470 4.61%
2007 73.747.003.344 9.67%
2008 72.184.459.000 -2.16%
2009 62.245.040.000 -15.97%
2010 116.906.961.000 46.76%
2011 140.391.000.000 16.73%
2012 137.899.000.000 -1.81%
2013 152.594.000.000 9.63%
2014 149.364.000.000 -2.16%
2015 78.099.000.000 -91.25%
2016 58.565.000.000 -33.35%
2017 97.435.000.000 39.89%
2018 140.166.000.000 30.49%
2019 145.566.000.000 3.71%
2020 91.316.000.000 -59.41%
2021 169.623.000.000 46.17%
2022 277.781.000.000 38.94%
2023 307.857.000.000 9.77%
2024 504.004.000.004 38.92%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

CNOOC Limited Net Profit
Year Net Profit Growth
1998 1.549.470.000
1999 4.111.439.000 62.31%
2000 10.283.231.874 60.02%
2001 7.957.569.298 -29.23%
2002 9.232.757.854 13.81%
2003 11.535.494.409 19.96%
2004 16.185.786.562 28.73%
2005 25.330.888.822 36.1%
2006 30.900.790.725 18.03%
2007 31.303.202.850 1.29%
2008 44.375.254.000 29.46%
2009 29.485.575.000 -50.5%
2010 54.409.548.000 45.81%
2011 70.255.000.000 22.55%
2012 63.691.000.000 -10.31%
2013 56.461.000.000 -12.81%
2014 60.199.000.000 6.21%
2015 20.246.000.000 -197.34%
2016 637.000.000 -3078.34%
2017 24.677.000.000 97.42%
2018 52.688.000.000 53.16%
2019 61.045.000.000 13.69%
2020 24.956.000.000 -144.61%
2021 70.320.000.000 64.51%
2022 141.700.000.000 50.37%
2023 123.843.000.000 -14.42%
2024 318.924.000.000 61.17%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

CNOOC Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1998 0
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 1 0%
2006 1 0%
2007 1 0%
2008 1 0%
2009 1 100%
2010 1 0%
2011 2 0%
2012 1 0%
2013 1 0%
2014 1 0%
2015 0 0%
2016 0 0%
2017 1 0%
2018 1 100%
2019 1 0%
2020 1 0%
2021 2 100%
2022 3 66.67%
2023 3 -50%
2024 7 66.67%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

CNOOC Limited Free Cashflow
Year Free Cashflow Growth
1998 365.979.000
1999 3.253.430.000 88.75%
2000 4.754.441.193 31.57%
2001 3.148.294.550 -51.02%
2002 7.764.276.130 59.45%
2003 9.547.157.282 18.67%
2004 9.484.955.262 -0.66%
2005 14.688.772.503 35.43%
2006 -4.986.727.378 394.56%
2007 15.793.093.519 131.58%
2008 18.324.378.000 13.81%
2009 9.231.099.000 -98.51%
2010 42.677.518.000 78.37%
2011 63.398.000.000 32.68%
2012 29.534.000.000 -114.66%
2013 24.174.000.000 -22.17%
2014 14.835.000.000 -62.95%
2015 12.421.000.000 -19.43%
2016 21.516.000.000 42.27%
2017 47.000.000.000 54.22%
2018 73.208.000.000 35.8%
2019 51.507.000.000 -42.13%
2020 6.920.000.000 -644.32%
2021 65.456.000.000 89.43%
2022 110.820.000.000 40.93%
2023 92.322.000.000 -20.04%
2024 -26.047.000.000 454.44%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

CNOOC Limited Operating Cashflow
Year Operating Cashflow Growth
1998 3.941.906.000
1999 7.323.120.000 46.17%
2000 9.152.689.726 19.99%
2001 7.490.884.260 -22.18%
2002 14.596.970.250 48.68%
2003 17.818.726.153 18.08%
2004 22.327.867.570 20.2%
2005 32.163.685.636 30.58%
2006 39.192.426.097 17.93%
2007 42.773.938.974 8.37%
2008 55.738.435.000 23.26%
2009 52.857.884.000 -5.45%
2010 83.498.246.000 36.7%
2011 116.171.000.000 28.12%
2012 92.574.000.000 -25.49%
2013 110.891.000.000 16.52%
2014 110.508.000.000 -0.35%
2015 80.095.000.000 -37.97%
2016 72.863.000.000 -9.93%
2017 94.734.000.000 23.09%
2018 123.883.000.000 23.53%
2019 123.521.000.000 -0.29%
2020 82.338.000.000 -50.02%
2021 147.893.000.000 44.33%
2022 205.574.000.000 28.06%
2023 213.197.000.001 3.58%
2024 0 0%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

CNOOC Limited Capital Expenditure
Year Capital Expenditure Growth
1998 3.575.927.000
1999 4.069.690.000 12.13%
2000 4.398.248.533 7.47%
2001 4.342.589.709 -1.28%
2002 6.832.694.120 36.44%
2003 8.271.568.871 17.4%
2004 12.842.912.307 35.59%
2005 17.474.913.133 26.51%
2006 44.179.153.475 60.45%
2007 26.980.845.455 -63.74%
2008 37.414.057.000 27.89%
2009 43.626.785.000 14.24%
2010 40.820.728.000 -6.87%
2011 52.773.000.000 22.65%
2012 63.040.000.000 16.29%
2013 86.717.000.000 27.3%
2014 95.673.000.000 9.36%
2015 67.674.000.000 -41.37%
2016 51.347.000.000 -31.8%
2017 47.734.000.000 -7.57%
2018 50.675.000.000 5.8%
2019 72.014.000.000 29.63%
2020 75.418.000.000 4.51%
2021 82.437.000.000 8.51%
2022 94.754.000.000 13%
2023 120.875.000.001 21.61%
2024 26.047.000.000 -364.06%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

CNOOC Limited Equity
Year Equity Growth
1998 6.358.694.000
1999 8.384.240.000 24.16%
2000 16.100.877.243 47.93%
2001 33.310.240.614 51.66%
2002 40.568.163.147 17.89%
2003 46.736.555.759 13.2%
2004 56.717.488.102 17.6%
2005 73.625.669.664 22.97%
2006 107.722.696.424 31.65%
2007 134.507.707.532 19.91%
2008 160.237.708.000 16.06%
2009 173.935.503.000 7.88%
2010 215.765.947.000 19.39%
2011 262.856.000.000 17.91%
2012 309.780.000.000 15.15%
2013 341.620.000.000 9.32%
2014 379.610.000.000 10.01%
2015 386.041.000.000 1.67%
2016 382.371.000.000 -0.96%
2017 379.975.000.000 -0.63%
2018 417.375.000.000 8.96%
2019 448.226.000.000 6.88%
2020 433.930.000.000 -3.29%
2021 481.976.000.000 9.97%
2022 598.383.000.000 19.45%
2023 667.876.000.005 10.41%
2024 720.903.000.001 7.36%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

CNOOC Limited Assets
Year Assets Growth
1998 21.324.509.000
1999 26.168.560.000 18.51%
2000 32.555.094.895 19.62%
2001 44.319.292.319 26.54%
2002 61.095.218.786 27.46%
2003 73.504.342.858 16.88%
2004 94.076.580.376 21.87%
2005 114.800.253.238 18.05%
2006 155.136.705.155 26%
2007 180.051.550.215 13.84%
2008 206.669.014.000 12.88%
2009 242.268.223.000 14.69%
2010 327.926.243.000 26.12%
2011 384.264.000.000 14.66%
2012 456.070.000.000 15.74%
2013 621.473.000.000 26.61%
2014 662.859.000.000 6.24%
2015 664.362.000.000 0.23%
2016 637.681.000.000 -4.18%
2017 617.219.000.000 -3.32%
2018 678.779.000.000 9.07%
2019 757.731.000.000 10.42%
2020 721.275.000.000 -5.05%
2021 786.569.000.000 8.3%
2022 929.031.000.000 15.33%
2023 1.005.598.000.008 7.61%
2024 1.075.404.000.001 6.49%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

CNOOC Limited Liabilities
Year Liabilities Growth
1998 14.965.815.000
1999 17.784.320.000 15.85%
2000 16.454.217.652 -8.08%
2001 11.009.051.704 -49.46%
2002 20.527.055.639 46.37%
2003 26.767.787.098 23.31%
2004 37.359.092.274 28.35%
2005 41.174.583.574 9.27%
2006 47.414.008.730 13.16%
2007 45.543.842.683 -4.11%
2008 46.431.306.000 1.91%
2009 68.332.720.000 32.05%
2010 112.160.296.000 39.08%
2011 121.408.000.000 7.62%
2012 146.290.000.000 17.01%
2013 279.853.000.000 47.73%
2014 283.249.000.000 1.2%
2015 278.321.000.000 -1.77%
2016 255.310.000.000 -9.01%
2017 237.244.000.000 -7.61%
2018 261.414.000.000 9.25%
2019 309.505.000.000 15.54%
2020 287.345.000.000 -7.71%
2021 304.593.000.000 5.66%
2022 330.648.000.000 7.88%
2023 337.722.000.002 2.09%
2024 354.501.000.000 4.73%

CNOOC Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
13.99
Net Income per Share
4.49
Price to Earning Ratio
7.01x
Price To Sales Ratio
1.47x
POCF Ratio
6.48
PFCF Ratio
13.35
Price to Book Ratio
2.08
EV to Sales
1.39
EV Over EBITDA
2.5
EV to Operating CashFlow
4.01
EV to FreeCashFlow
12.67
Earnings Yield
0.14
FreeCashFlow Yield
0.07
Market Cap
975,76 Bil.
Enterprise Value
925,92 Bil.
Graham Number
39.07
Graham NetNet
-1.77

Income Statement Metrics

Net Income per Share
4.49
Income Quality
1.73
ROE
0.31
Return On Assets
0.2
Return On Capital Employed
0.33
Net Income per EBT
0.74
EBT Per Ebit
0.97
Ebit per Revenue
0.45
Effective Tax Rate
0.27

Margins

Sales, General, & Administrative to Revenue
0.02
Research & Developement to Revenue
0.01
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.49
Operating Profit Margin
0.45
Pretax Profit Margin
0.43
Net Profit Margin
0.32

Dividends

Dividend Yield
0.04
Dividend Yield %
3.63
Payout Ratio
0.44
Dividend Per Share
1.14

Operating Metrics

Operating Cashflow per Share
4.86
Free CashFlow per Share
1.54
Capex to Operating CashFlow
0.68
Capex to Revenue
0.24
Capex to Depreciation
47.81
Return on Invested Capital
0.27
Return on Tangible Assets
0.2
Days Sales Outstanding
23.39
Days Payables Outstanding
74.55
Days of Inventory on Hand
6.46
Receivables Turnover
15.6
Payables Turnover
4.9
Inventory Turnover
56.52
Capex per Share
3.32

Balance Sheet

Cash per Share
4,95
Book Value per Share
15,16
Tangible Book Value per Share
14.76
Shareholders Equity per Share
15.12
Interest Debt per Share
1.85
Debt to Equity
0.12
Debt to Assets
0.08
Net Debt to EBITDA
-0.13
Current Ratio
1.79
Tangible Asset Value
702,29 Bil.
Net Current Asset Value
-57,33 Bil.
Invested Capital
780115000000
Working Capital
131,05 Bil.
Intangibles to Total Assets
0.02
Average Receivables
47,55 Bil.
Average Payables
66,71 Bil.
Average Inventory
6130500000
Debt to Market Cap
0.09

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

CNOOC Limited Dividends
Year Dividends Growth
2022 2
2023 1 0%
2024 1 0%

CNOOC Limited Profile

About CNOOC Limited

CNOOC Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas. It operates through, E&P and Trading Business segments. The company produces offshore crude oil and natural gas primarily in Bohai, the Western South China Sea, the Eastern South China Sea, and the East China Sea in offshore China. It also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. In addition, the company is involved in the sales and trading of petroleum and natural gas; oil sands exploration, development, and production; and exploration, development, and production of unconventional natural gas resources in onshore China, as well as shale gas exploration activities in the People's Republic of China. CNOOC Limited operates in China, Indonesia, Iraq, Russia, Canada, the United States, the United Kingdom, Nigeria, Uganda, Argentina, Brazil, Guyana, Australia, and internationally. The company was incorporated in 1999 and is based in Central, Hong Kong. CNOOC Limited is a subsidiary of China National Offshore Oil Corporation.

CEO
Mr. Xinhuai Zhou
Employee
21.786
Address
Bank of China Tower
Central,

CNOOC Limited Executives & BODs

CNOOC Limited Executives & BODs
# Name Age
1 Mr. Yugao Xu
General Counsel, Compliance Officer & Joint Company Secretary
70
2 Ms. Jing Liu
Manager of Media & Public Relations
70
3 Mr. Xinjian Cao
Executive Vice President
70
4 Ms. Xin Wang
Chief Financial Officer
70
5 Mr. Xinhuai Zhou
Vice Chairman, President & Chief Executive Officer
70
6 Ms. Sik Yu Tsue
Joint Company Secretary
70
7 Mr. Changgui Xu
Deputy Chief Exploration Engineer
70

CNOOC Limited Competitors