China Petroleum & Chemical Corporation (600028) Fair Value & Analysis
Energy · CN · Market cap 608B CNY
Fair value as of: Aug 13, 2026
From 26 valuation models · updated yesterday
Fair value updated Aug 13, 2026, revised from ¥4.46 to ¥4.61 (+3.3%) since Jul 18, 2026. Share price −0.6% over the past month.
Below-average quality, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Our model range runs from ¥3.46 (bear) to ¥5.85 (bull), base ¥4.61. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 47/100 (below-average quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ¥2.88 – ¥7.64 · fair‑value band ¥3.46 – ¥5.85 · the ¥5.00 price screens above the ¥4.61 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
China Petroleum & Chemical Corporation (600028) currently trades at ¥5.00, while our model-based Fair Value estimate is ¥4.61, implying the stock looks roughly 7.9% fairly valued today. The Quality Score stands at 47/100 (below-average quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, China Petroleum & Chemical Corporation generated revenue of 2.8T CNY at a net margin of 1.3%. Revenue declined 3.9% year over year. It earns a return on equity of 4.1%. Net debt stands at 445B CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥3.46 (bear case) to ¥5.85 (bull case); at ¥5.00, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 38% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -33% fair-value upside, at -8%, 600028 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Asset-Based (¥4.59) versus Earnings-Based (¥1.33). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 40
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas and chemical operations in Mainland China. It operates through Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others segments.
Full company description
China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas and chemical operations in Mainland China. It operates through Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others segments. The company explores and develops oil fields; produces and sells crude oil and natural gas; processes, purifies, imports, and trades in crude oil; manufactures, produces, sells, stores, and trades in petroleum products; owns and operates oil depots and service stations; and produces, markets, distributes, and sells refined petroleum products, including gasoline and diesel. It also manufactures, sells, markets, and distributes petrochemicals and derivative petrochemical products, and other chemical products, such as basic organic chemicals, synthetic resins, synthetic fiber monomers and polymers, synthetic fibers, synthetic rubber, and chemical fertilizers. In addition, the company explores, produces, and sells petroleum and natural gas; produces, stores, transports, and sells petrochemical and coal chemical products; produces and sells catalyst products, lubricant base oil, polyester chips and fibers, plastics, and petrochemical materials; and offers crude oil jetty and natural gas pipeline transmission services. Further, it engages in the production, sale, research, and development of ethylene and downstream byproducts; import and export of petroleum, natural gas, petroleum products, petrochemical, other chemical products, and other commodities and technologies; research, development, and application of technologies and information; hydrogen energy business and related services, such as hydrogen production, storage, transportation, and sales; and battery charging and swapping, solar energy, wind energy, and other new energy business and related services. The company was incorporated in 2000 and is based in Beijing, China. The company operates as a subsidiary of China Petrochemical Corporation.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Petroleum & Chemical Corporation reported revenue of ¥2.5T in FY2025 versus ¥2.7T in FY2021, a compound −1.8%/yr. Reported net income was ¥31.8B in FY2025, compounding −18.5%/yr from FY2021.
of which total revenue +3.0 pp · buybacks/dilution −0.1 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Oil & Gas Integrated · 54 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Oil & Gas Integrated median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Oil & Gas Integrated stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Exxon Mobil Corporation XOM | $159.80 | $88.98 | -44% |
| Chevron Corporation CHEV | C$23.84 | C$8.30 | -65% |
| PetroChina Company 601857 | ¥10.66 | ¥15.47 | +45% |
| Shell plc SHELL | €39.04 | €46.09 | +18% |
| TotalEnergies SE TTE | C$14.29 | C$8.20 | -43% |
| Petróleo Brasileiro S.A PBRN | 314.50 MXN | 1,240 MXN | +294% |
| BP p.l.c., an integrated energy company, BP | $42.93 | $8.99 | -79% |
| Equinor ASA EQNR | $40.93 | $34.53 | -16% |
| Suncor Energy Inc SU | C$88.25 | C$59.11 | -33% |
| Imperial Oil Limited IMO | C$182.00 | C$94.61 | -48% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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