CNOOCHKSE:00883 +3.53%80 FCF Margin % is 23.11% as of Mar. 2026, which is 3% below its 10-year median of 23.84. GuruFocus rates HKSE:00883 with a GF Score™ of 80/100 and a GF Value™ of HK$19.61 (Fairly Valued). The stock has 1 warning sign investors should review. Among 907 Oil & Gas companies, CNOOC ranks worse than 77.07% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. CNOOC's Free Cash Flow for the
three
months ended in Mar. 2026 was HK$30,469 Mil. CNOOC's Revenue for the
three
months ended in Mar. 2026 was HK$131,822 Mil. Therefore, CNOOC's FCF Margin % for the quarter that ended in Mar. 2026 was 23.11%.
The historical rank and industry rank for CNOOC's FCF Margin % or its related term are showing as below:
HKSE:00883'
s FCF Margin % Range Over the Past 10 Years
Min: -14.22 Med: 23.84 Max: 31.53
Current: -14.22
During the past 13 years, the highest FCF Margin % of CNOOC was 31.53%. The lowest was -14.22%. And the median was 23.84%.
HKSE:00883's FCF Margin % is ranked worse than 77.07% of 907
companies
in the Oil & Gas industry
Industry Median: 3.38
vs HKSE:00883: -14.22
CNOOC FCF Margin % Related Terms
CNOOC FCF Margin % Historical Data
* Premium members only.
The historical data trend for CNOOC's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HKSE:00883 vs COP, EOG, FANG: FCF Margin % Comparison
For the Oil & Gas E&P subindustry, CNOOC's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CNOOC FCF Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CNOOC's FCF Margin % distribution charts can be found below:
* The bar in red indicates where CNOOC's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CNOOC (HKSE:00883) has a FCF Margin % of 23.11% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on CNOOC and its competitors. This is near median its historical median of 23.84. According to the industry distribution chart, CNOOC ranks #699 out of 907 companies in the Oil & Gas industry, placing it in the top 77.1%.
Is CNOOC's FCF Margin % too high?
CNOOC's current FCF Margin % of 23.11% is near median its 10-year median of 23.84. The Oil & Gas industry median FCF Margin % is 3.38. CNOOC's value of 23.11% is 583.7% above this industry median. Based on the distribution chart, CNOOC ranks #699 out of 907 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, CNOOC has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CNOOC's FCF Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, CNOOC ranks #699 out of 907 companies for FCF Margin %. This places CNOOC in the lower half of its industry. The industry median FCF Margin % is 3.38. CNOOC's value of 23.11% is 583.7% above this benchmark. While the company's 10-year median is 23.84 vs. the industry median of 3.38, CNOOC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Oil & Gas company?
The median FCF Margin % among Oil & Gas companies is 3.38, based on 907 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CNOOC's current FCF Margin % of 23.11% is 583.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on CNOOC and its competitors. For the Oil & Gas industry, the median FCF Margin % is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNOOC's current FCF Margin % is 23.11%, which is near median its own 10-year median of 23.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNOOC stock overvalued right now?
Based on GuruFocus' analysis, CNOOC (HKSE:00883) is currently considered Fairly Valued. The stock's GF Value™ is HK$19.61, compared to a current price of HK$21.12 — trading 7.7% above its estimated fair value. The current FCF Margin % is 23.11%, which is near median its 10-year median of 23.84 and 583.7% above the Oil & Gas industry median of 3.38. CNOOC's overall GF Score™ is 80/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For CNOOC (HKSE:00883), the current FCF Margin % is 23.11% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CNOOC (HKSE:00883) Overvalued in 2026?
Based on GuruFocus' analysis, CNOOC stock appears to be overvalued.
The current stock price of HK$21.12 is trading 7.7% above its estimated GF Value™ of HK$19.61.
GuruFocus considers CNOOC to be Fairly Valued.
Key valuation signals for HKSE:00883:
FCF Margin %: 23.11% (near median its 10-year median of 23.84)
GF Value™: HK$19.61 vs. price of HK$21.12 (7.7% above fair value)
Industry Position: 583.7% above the Oil & Gas median (#699 of 907)
No single metric tells the full story. See the HKSE:00883 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNOOC is China's main offshore oil and gas exploration and production company. Through its parent company, it has exclusive rights to partner with foreign companies in offshore China projects. Net production for 2025 reached 777.3 million barrels of oil equivalent (77.2% oil), and year-end proven reserves were 7.77 billion barrels of oil equivalent. Assets outside China make up around 30.9% of production.
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