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Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Page: Earnings Power Value

CNOOC Energy Technology & Services Limited

Ticker: 600968.SS | Industry: Oil & Gas Equipment & Services | Sector: Energy
$4.24 +0.05 (1.19%)
As of: 2026-01-23

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Valuation Snapshot

Intrinsic Range$4.18 — $5.56
Selected Value (Mid)$4.87
Live Price$3.83
Upside / Downside27.11%

EPV Per Share Breakdown

MetricLowMidHigh
EPV Per Share$4.18$4.87$5.56

Normalized EBIT Margin

ScenarioMargin
Low8.50%
Mid10.00%
High11.50%

Normalized Tax Rate

MetricValue
Tax Rate17.78%

Adjusted Earnings (NOPAT)

ScenarioValue
Low3,690,514,285
Mid4,341,781,511
High4,993,048,738

Capital Structure

ComponentValue
Net Debt-2,553,551,000
Shares Outstanding10,165,104,199
WACC9.25%

Reverse EPV (Market Implied)

If "Implied" > "Actual", market expects profitability to improve.

MetricActual (LTM)Market Implied
EBIT Margin10.00%9.21%
NOPAT (Earnings)4,341,781,5113,995,462,633
Enterprise Value46,932,992,07943,189,417,896

Valuation Details

MetricLowMidHigh
Enterprise Value39,893,043,26746,932,992,07953,972,940,891
(-) Net Debt-2,553,551,000-2,553,551,000-2,553,551,000
(=) Equity Value42,446,594,26749,486,543,07956,526,491,891
(/) Shares Outstanding10,165,104,19910,165,104,19910,165,104,199
(=) Fair Value$4.18$4.87$5.56
Live Price$3.83$3.83$3.83
Upside %9.03%27.11%45.19%

High-Upside EPV Screener

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