CNOOC Ltd
CNOOC Ltd operates in Diversified Metals & Mining.
CNOOC Ltd (NC2B) - Net Assets
Latest net assets as of June 2024: €720.90 Billion EUR
Based on the latest financial reports, CNOOC Ltd (NC2B) has net assets worth €720.90 Billion EUR as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.08 Trillion) and total liabilities (€354.50 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €720.90 Billion |
| % of Total Assets | 67.04% |
| Annual Growth Rate | 7.75% |
| 5-Year Change | 43.37% |
| 10-Year Change | N/A |
| Growth Volatility | 8.88 |
CNOOC Ltd - Net Assets Trend (2016–2022)
This chart illustrates how CNOOC Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CNOOC Ltd (2016–2022)
The table below shows the annual net assets of CNOOC Ltd from 2016 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | €598.38 Billion | +24.15% |
| 2021-12-31 | €481.98 Billion | +11.07% |
| 2020-12-31 | €433.93 Billion | -3.19% |
| 2019-12-31 | €448.23 Billion | +7.39% |
| 2018-12-31 | €417.37 Billion | +9.84% |
| 2017-12-31 | €379.98 Billion | -0.63% |
| 2016-12-31 | €382.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CNOOC Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 45.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €448.99 Billion | 75.18% |
| Other Components | €148.20 Billion | 24.82% |
| Total Equity | €597.18 Billion | 100.00% |
CNOOC Ltd Competitors by Market Cap
The table below lists competitors of CNOOC Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kitwave Group PLC
LSE:KITW
|
$21.29K |
|
302920
KO:302920
|
$21.29K |
|
SANDS CHINA
BE:599A
|
$21.32K |
|
ARCTIC FISH HOLDINGS NK10
F:6TW
|
$21.33K |
|
Gym Group (The) PLC
F:4GY
|
$21.22K |
|
PGE POL GR ENERG
MU:6PG
|
$21.22K |
|
Binh Dien Fertilizer JSC
VN:BFC
|
$21.21K |
|
PREMIER FOODS (FOJ1.SG)
STU:FOJ1
|
$21.20K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CNOOC Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 480,912,000,000 to 597,182,000,000, a change of 116,270,000,000 (24.2%).
- Net income of 141,700,000,000 contributed positively to equity growth.
- Dividend payments of 77,378,000,000 reduced retained earnings.
- Share repurchases of 623,000,000 reduced equity.
- New share issuances of 32,099,000,000 increased equity.
- Other factors increased equity by 20,472,000,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €141.70 Billion | +23.73% |
| Dividends Paid | €77.38 Billion | -12.96% |
| Share Repurchases | €623.00 Million | -0.1% |
| Share Issuances | €32.10 Billion | +5.38% |
| Other Changes | €20.47 Billion | +3.43% |
| Total Change | €- | 24.18% |
Book Value vs Market Value Analysis
This analysis compares CNOOC Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.18x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €8.51 | €2.22 | x |
| 2018-12-31 | €9.35 | €2.22 | x |
| 2019-12-31 | €10.04 | €2.22 | x |
| 2020-12-31 | €9.71 | €2.22 | x |
| 2021-12-31 | €10.77 | €2.22 | x |
| 2022-12-31 | €12.55 | €2.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CNOOC Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.73%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.78%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.56x
- Recent ROE (23.73%) is above the historical average (11.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.17% | 0.43% | 0.23x | 1.67x | €-37.60 Billion |
| 2017 | 6.49% | 13.01% | 0.31x | 1.62x | €-13.32 Billion |
| 2018 | 12.62% | 22.79% | 0.34x | 1.63x | €10.95 Billion |
| 2019 | 13.62% | 25.69% | 0.31x | 1.69x | €16.23 Billion |
| 2020 | 5.75% | 15.79% | 0.22x | 1.66x | €-18.41 Billion |
| 2021 | 14.62% | 28.27% | 0.32x | 1.64x | €22.23 Billion |
| 2022 | 23.73% | 32.78% | 0.47x | 1.56x | €81.98 Billion |
Industry Comparison
This section compares CNOOC Ltd's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CNOOC Ltd (NC2B) | €720.90 Billion | 0.17% | 0.49x | $21.24K |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |