China Petroleum & Chemical Corp Class A (600028) Fair Value & Analysis
Energy · CN · Market cap 608B CNY (≈ $90.7B) · ISIN CNE0000018G1
What is China Petroleum & Chemical Corp Class A really worth?
Below-average quality, currently priced close to our fair value of ¥5.76.
Strengths
Risks
For context
Fair value as of: Sep 2, 2026
From 26 valuation models · updated 2 days ago
Fair value updated Sep 2, 2026, revised from ¥3.67 to ¥5.76 (+56.9%) since Aug 27, 2026. Share price +10.0% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 2, 2026.
How to read this chart
60‑month range ¥2.88 – ¥7.64 · fair‑value band ¥4.32 – ¥7.30 · the ¥5.48 price screens below the ¥5.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 2, 2026.
Analysis
China Petroleum & Chemical Corp Class A (600028) currently trades at ¥5.48, while our model-based Fair Value estimate is ¥5.76, implying the stock looks roughly 4.9% fairly valued today. The Quality Score stands at 47/100 (below-average quality), in the Energy sector. Bull case: the Asset-Based group reads highest at a median of ¥5.73 per share, and 13 of the 26 models we run sit above the ¥5.48 price. Bear case: the Earnings-Based group reads lowest at ¥1.66, and 13 of the 26 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, China Petroleum & Chemical Corp Class A 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 Sep 2, 2026
Our scenario range runs from ¥4.32 (bear case) to ¥7.30 (bull case); at ¥5.48, 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 32% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at −28% fair-value upside, at 5%, 600028 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.0474 per share, which is 0.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Asset-Based (¥5.73) versus Earnings-Based (¥1.66). Highest evidence: FCF DCF (79).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 46
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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 Corp Class A reported revenue of 2.5T CNY in FY2025 versus 2.7T CNY in FY2021, a compound −1.8%/yr. Reported net income was 31.8B CNY in FY2025, compounding −18.5%/yr from FY2021.
of which total revenue +3.0 % · buybacks/dilution −0.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Oil & Gas Integrated · 53 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
Strength profile in five axes (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.
Similar stocks
10 more Oil & Gas Integrated stocks, each showing price versus our Fair Value estimate (as of Sep 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Exxon Mobil Corporation XOM | $156.44 | $88.98 | −43% |
| Chevron Corporation CVX | $201.86 | $90.66 | −55% |
| PetroChina Company 601857 | ¥11.23 | ¥15.47 | +38% |
| Shell plc SHELL | €40.28 | €39.46 | −2% |
| TotalEnergies SE TOTB | €75.55 | €69.02 | −9% |
| Petróleo Brasileiro S.A XPBRA | €7.11 | €2.03 | −71% |
| Equinor ASA EQNR | kr 395.90 | kr 338.01 | −15% |
| Suncor Energy Inc SU | C$94.21 | C$59.11 | −37% |
| Eni S.p.A E | $55.12 | $32.53 | −41% |
| Imperial Oil Limited IMO | $130.51 | $94.61 | −28% |
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