HKD16.82
0.48% yesterday
Hong Kong, Nov 15, 09:08 am CET
ISIN
HK0883013259
Symbol
0883
Index
Sector
Industry

CNOOC Limited Target price 2024 - Analyst rating & recommendation

CNOOC Limited Classifications & Recommendation:

Buy
92%
Hold
4%
Sell
4%

CNOOC Limited Price Target

Target Price HKD23.04
Price HKD16.82
Potential
Number of Estimates 18
18 Analysts have issued a price target CNOOC Limited 2025 . The average CNOOC Limited target price is HKD23.04. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 24 analysts: 22 Analysts recommend CNOOC Limited to buy, 1 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the CNOOC Limited stock has an average upside potential 2025 of . Most analysts recommend the CNOOC Limited stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2027

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Dec '23 2024
Estimates
Revenue Billion HKD 449.84 481.54
2.81% 7.05%
EBITDA Margin 61.19% 60.66%
8.32% 0.87%
Net Margin 30.45% 32.92%
16.53% 8.10%

28 Analysts have issued a sales forecast CNOOC Limited 2024 . The average CNOOC Limited sales estimate is

HKD482b
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. This is
1.34% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
HKD520b 9.36%
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, the lowest is
HKD410b 13.63%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 HKD450b 2.81%
2024
HKD482b 7.05%
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2025
HKD496b 3.06%
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2026
HKD513b 3.34%
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2027
HKD499b 2.73%
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20 Analysts have issued an CNOOC Limited EBITDA forecast 2024. The average CNOOC Limited EBITDA estimate is

HKD292b
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. This is
0.97% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
HKD330b 11.90%
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, the lowest is
HKD255b 13.47%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 HKD275b 10.90%
2024
HKD292b 6.11%
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2025
HKD297b 1.68%
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2026
HKD310b 4.50%
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2027
HKD316b 1.83%
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EBITDA Margin

2023 61.19% 8.32%
2024
60.66% 0.87%
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2025
59.85% 1.34%
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2026
60.52% 1.12%
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2027
63.36% 4.69%
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9 CNOOC Limited Analysts have issued a net profit forecast 2024. The average CNOOC Limited net profit estimate is

HKD159b
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. This is
4.81% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
HKD167b 10.70%
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, the lowest is
HKD153b 1.22%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 HKD137b 18.87%
2024
HKD159b 15.72%
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2025
HKD162b 2.17%
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2026
HKD162b 0.31%
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2027
HKD168b 3.11%
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Net Margin

2023 30.45% 16.53%
2024
32.92% 8.10%
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2025
32.64% 0.85%
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2026
31.69% 2.91%
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2027
33.59% 6.00%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2027

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Dec '23 2024
Estimates
Earnings Per Share HKD 2.88 3.33
18.87% 15.63%
P/E 5.05
EV/Sales 1.35

9 Analysts have issued a CNOOC Limited forecast for earnings per share. The average CNOOC Limited <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

HKD3.33
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. This is
4.72% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
HKD3.52 10.69%
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, the lowest is
HKD3.22 1.26%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 HKD2.88 18.87%
2024
HKD3.33 15.63%
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2025
HKD3.41 2.40%
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2026
HKD3.42 0.29%
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2027
HKD3.52 2.92%
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P/E ratio

Current 5.29 34.61%
2024
5.05 4.54%
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2025
4.94 2.18%
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2026
4.92 0.40%
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2027
4.78 2.85%
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Based on analysts' sales estimates for 2024, the CNOOC Limited stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.36 23.64%
2024
1.35 1.01%
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2025
1.31 2.96%
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2026
1.26 3.23%
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2027
1.30 2.81%
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P/S ratio

Current 1.68 26.69%
2024
1.66 1.32%
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2025
1.61 2.96%
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2026
1.56 3.23%
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2027
1.60 2.80%
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