As of 2025-06-26, the Intrinsic Value of CNOOC Ltd (600938.SS) is 62.12 CNY. This 600938.SS valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 26.15 CNY, the upside of CNOOC Ltd is 137.50%.
The range of the Intrinsic Value is 52.61 - 76.57 CNY
Based on its market price of 26.15 CNY and our intrinsic valuation, CNOOC Ltd (600938.SS) is undervalued by 137.50%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 52.61 - 76.57 | 62.12 | 137.5% |
| DCF (Growth 10y) | 59.46 - 84.79 | 69.56 | 166.0% |
| DCF (EBITDA 5y) | 59.36 - 71.52 | 65.23 | 149.5% |
| DCF (EBITDA 10y) | 64.79 - 80.21 | 72.05 | 175.5% |
| Fair Value | 109.09 - 109.09 | 109.09 | 317.19% |
| P/E | 34.00 - 55.07 | 38.06 | 45.5% |
| EV/EBITDA | 36.31 - 57.28 | 43.33 | 65.7% |
| EPV | 16.77 - 20.94 | 18.85 | -27.9% |
| DDM - Stable | 35.19 - 69.17 | 52.18 | 99.5% |
| DDM - Multi | 44.55 - 67.17 | 53.50 | 104.6% |
| Market Cap (mil) | 807,666.30 |
| Beta | 0.47 |
| Outstanding shares (mil) | 30,885.90 |
| Enterprise Value (mil) | 745,357.30 |
| Market risk premium | 6.13% |
| Cost of Equity | 7.68% |
| Cost of Debt | 5.00% |
| WACC | 7.27% |