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CNOOC Limited 0883.HK

HK · Hong Kong Stock Exchange · XHKG · stock · Energy · website

CNOOC Limited statistics & valuation

Market capCN¥1.13T
P / E9.3×
P / S2.8×
P / B1.4×
P / FCF11.6×
Dividend yield5.34%
Net margin30.7%
Return on equity15.2%
FCF margin24.5%
Net cashCN¥8.9B
Enterprise value USD$133.8B
Earnings yield EBIT/EV15.4%
Return on capital17.2%
Graham number +35.5%CN¥32.28

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥32.28); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
32.80% 29.40% 32.80% 30.70% 2022202320242025
Gross margin (%)
64.30% 62.70% 68.40% 67.50% 2022202320242025
Operating margin (%)
44.90% 40.60% 45.80% 43.50% 2022202320242025
Return on equity (%)
23.70% 18.60% 18.50% 15.20% 2022202320242025
Shares outstanding
44.54B 44.54B 44.54B 44.54B 2022202320242025
Net debt (CN¥)
CN¥48.76B -CN¥13.26B CN¥10.60B -CN¥8.88B 2022202320242025
Share buybacks (CN¥)
CN¥623.0M CN¥0 CN¥661.0M CN¥0 2022202320242025
Return on assets (%)
15.30% 12.30% 13.10% 11.10% 2022202320242025
Free cash flow margin (%)
25.60% 21.10% 23.20% 24.50% 2022202320242025
Debt / equity (×)
0.23× 0.18× 0.12× 0.09× 2022202320242025
EPS (CN¥)
CN¥3.03 CN¥2.60 CN¥2.90 CN¥2.57 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

CNOOC Limited trades at about 9.3× earnings — above its 10-year norm (10-year range 3.7×–9.5×, median 6.4×).

3.7× 9.5×

Shaded band = 10-year range (3.7×–9.5×); dot = today's 9.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin67.5%68.4%62.7%64.3%
Operating margin43.5%45.8%40.6%44.9%
Net margin30.7%32.8%29.4%32.8%
FCF margin24.5%23.2%21.1%25.6%
Return on assets11.1%13.1%12.3%15.3%
Return on equity15.2%18.5%18.6%23.7%
Debt / equity0.07×0.08×0.13×0.17×
Current ratio3.242.232.022.33

Computed from company filings · HK · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.