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STOCK COMPARISON

Cnooc vs Whitecap Resources: Fair Value & Quality

Both stocks run through our valuation models. Here is how Cnooc (0883) and Whitecap Resources (WCP) 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 Whitecap Resources trades at C$18.12 versus C$9.34 (-48%).
Cnooc
0883.HK · HKD · Energy
+6%
upside to fair value
fairly valued
PriceHK$25.06
Fair ValueHK$26.54
Quality63/100
Whitecap Resources
WCP.TO · CAD · Energy
-48%
upside to fair value
overvalued
PriceC$18.12
Fair ValueC$9.34
Quality32/100
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Head-to-head numbers

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

CnoocWhitecap Resources
Valuation
7.7×P/E (TTM)21.9×
2.67×P/S (TTM)2.28×
1.35×P/B1.28×
4.3×EV/EBITDA5.0×
0.16×PEG
+5.9%Fair value upside−48.4%
4.6%Dividend yield4.0%
HK$1.15Dividend per shareC$0.73
Profitability
45%Operating margin4%
2.05×EBIT margin trend (5Y)0.48×
15%Return on equity10%
9%Return on assets6%
Growth
9%Revenue growth (YoY)115%
-3.7%Avg. growth/yr (3Y)9.7%
20.0%Avg. growth/yr (5Y)44.8%
+17.4%Value creation/yr−15.6%
Balance & size
65.7×Interest coverage (EBIT/interest)8.4×
0.07×Debt / equity0.26×
$139BMarket cap$14B
weakGrowth qualityexpensive

Cnooc leads: 10 to 5 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 Whitecap Resourcesof which business quality 38 · market factors 84
ProfitabilityMargins and returns on capital today
55
38
Quality GrowthAre margins and returns improving?
36
35
CashflowEarnings quality: real cash, not paper profit
76
64
Fin. StrengthBalance sheet, leverage, solvency risk
84
61
InvestmentDisciplined investing over empire-building
40
0
Low VolatilityCalm price path (market factor)
83
77
MomentumPrice trend over the last 3–12 months (market factor)
47
79
52W MomentumDistance to the 52-week high (market factor)
69
100
Net IssuanceBuybacks instead of dilution
79
0

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$25.06Whitecap ResourcesPrice C$18.12
DCF Models+65%above the priceHK$41.36-5%close to the priceC$17.20
Earnings-Based+11%close to the priceHK$27.87+56%above the priceC$28.35
Dividend Discount+1%close to the priceHK$25.25n/a
Multiples+33%above the priceHK$33.44-48%below the priceC$9.41
Asset-Based-52%below the priceHK$12.08-67%below the priceC$6.06
Growth DCF+33%above the priceHK$33.29-42%below the priceC$10.47
Economic Profit+30%above the priceHK$32.53-62%below the priceC$6.95
Growth Earnings+34%above the priceHK$33.61+83%above the priceC$33.23
Minimum-52%below the priceHK$12.08-67%below the priceC$6.06
Maximum+65%above the priceHK$41.36+83%above the priceC$33.23
Median+31%above the priceHK$32.91-42%below the priceC$10.47
Geometric mean+13%close to the priceHK$28.44-28%below the priceC$13.13

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.

Whitecap Resources: 19 of 24 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)
Whitecap Resources
Bear C$6.25Fair Value C$9.34Bull C$12.05
C$18.12 = current price (white tick)

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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

Whitecap Resources · Energy

Quality score32 · bottom 25%
Fair value upside-48% · 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 Whitecap Resources trades at C$18.12 versus C$9.34 (-48%).

Cnooc has the higher quality score (63/100).

See the full analysis →

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