EN DE
STOCK COMPARISON

Cnooc vs Antero Resources: Fair Value & Quality

Both stocks run through our valuation models. Here is how Cnooc (0883) and Antero Resources (AR) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Cnooc trades at HK$25.06 versus a fair value of HK$26.54 (+6%), while Antero Resources trades at $39.69 versus $23.25 (-41%).
Cnooc
0883.HK · HKD · Energy
+6%
upside to fair value
fairly valued
PriceHK$25.06
Fair ValueHK$26.54
Quality63/100
Antero Resources
AR · USD · Energy
-41%
upside to fair value
overvalued
Price$39.69
Fair Value$23.25
Quality73/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

CnoocAntero Resources
Valuation
7.7×P/E (TTM)11.0×
2.67×P/S (TTM)2.05×
1.35×P/B1.57×
4.3×EV/EBITDA5.6×
0.16×PEG0.50×
+5.9%Fair value upside−41.4%
4.6%Dividend yield1.1%
HK$1.15Dividend per share
Profitability
45%Operating margin26%
2.05×EBIT margin trend (5Y)
15%Return on equity14%
9%Return on assets7%
Growth
9%Revenue growth (YoY)13%
-3.7%Avg. growth/yr (3Y)-15.5%
20.0%Avg. growth/yr (5Y)10.2%
+17.4%Value creation/yr−13.6%
Balance & size
65.7×Interest coverage (EBIT/interest)9.9×
0.07×Debt / equity0.19×
$139BMarket cap$12B
weakGrowth qualityweak

Cnooc leads: 13 to 1 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Cnoocof which business quality 64 · market factors 63 Antero Resourcesof which business quality 68 · market factors 59
ProfitabilityMargins and returns on capital today
55
33
Quality GrowthAre margins and returns improving?
36
89
CashflowEarnings quality: real cash, not paper profit
76
92
Fin. StrengthBalance sheet, leverage, solvency risk
84
44
InvestmentDisciplined investing over empire-building
40
85
Low VolatilityCalm price path (market factor)
83
75
MomentumPrice trend over the last 3–12 months (market factor)
47
47
52W MomentumDistance to the 52-week high (market factor)
69
62
Net IssuanceBuybacks instead of dilution
79
85

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyCnoocPrice HK$25.06Antero ResourcesPrice $39.69
DCF Models+65%above the priceHK$41.36+67%above the price$66.19
Earnings-Based+11%close to the priceHK$27.87+10%close to the price$43.83
Dividend Discount+1%close to the priceHK$25.25-82%below the price$7.17
Multiples+33%above the priceHK$33.44-37%below the price$25.08
Asset-Based-52%below the priceHK$12.08-59%below the price$16.46
Growth DCF+33%above the priceHK$33.29+102%above the price$80.05
Economic Profit+30%above the priceHK$32.53-49%below the price$20.31
Growth Earnings+34%above the priceHK$33.61+28%above the price$50.65
Minimum-52%below the priceHK$12.08-82%below the price$7.17
Maximum+65%above the priceHK$41.36+102%above the price$80.05
Median+31%above the priceHK$32.91-13%close to the price$34.46
Geometric mean+13%close to the priceHK$28.44-24%below the price$30.28

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Cnooc: 10 of 26 models see the stock below the current price.

Antero Resources: 12 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Cnooc
Bear HK$19.94Fair Value HK$26.54Bull HK$33.98
HK$25.06 = current price (white tick)
Antero Resources
Bear $21.26Fair Value $23.25Bull $34.87
$39.69 = current price (white tick)

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Cnooc · Energy

Quality score63 · Top 25%
Fair value upside+6% · above median

Antero Resources · Energy

Quality score73 · Top 25%
Fair value upside-41% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Cnooc trades at HK$25.06 versus a fair value of HK$26.54 (+6%), while Antero Resources trades at $39.69 versus $23.25 (-41%).

Antero Resources has the higher quality score (73/100).

See the full analysis →

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.