Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
601808.SS
HOLDFLAGChina Oilfield Services Limited · Energy · China · $9.2B · Avg Vol: $35M/d
China Oilfield Services (COSL) is a major beneficiary of rising offshore oil exploration capex driven by global energy security concerns. However, state-ownership and high capital intensity limit our conviction for a concentrated book.
COMPANY DESCRIPTION
China Oilfield Services Limited (COSL) is the leading integrated oilfield services provider in the offshore China market, offering drilling, well services, marine support, and geophysical exploration. Backed by its parent company CNOOC, COSL enjoys a near-monopoly in domestic offshore operations and is expanding its footprint in international markets. Its state-of-the-art fleet of drilling rigs and advanced technical capabilities position it to benefit directly from national energy security mandates and offshore exploration spending.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 5.3B | 6.5B | 7.1B | 7.4B | 12.1% |
| EPS | 0.07 | 0.09 | 0.10 | 0.12 | 17.7% |
| Shares | 4.8B | 4.8B | 4.8B | 4.8B | 0.0% |
| Debt | 3.3B | 3.2B | 2.6B | 2.5B | -8.7% |
| Equity | 5.8B | 6.2B | 6.5B | 6.9B | 5.7% |
| Op CF | 1.0B | 1.9B | 1.6B | 1.7B | 17.8% |
| Inv CF | -552M | -1.1B | -750M | -763M | — |
| Fin CF | -719M | -485M | -955M | -598M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of 601808.SS are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 601808.SS | China Oilfield Services Limited(you) | $9.2B | 38 | HOLD |
| 600968.SS | CNOOC Energy Technology & Services Limited | $5.9B | 58 | HOLD |
| 600339.SS | China Petroleum Engineering Corporation | $2.9B | 52 | HOLD |
| 600583.SS | Offshore Oil Engineering Co.,Ltd | $3.7B | 57 | HOLD |
| 603800.SS | Jiangsu Hongtian Technology Co.,Ltd. | $1.9B | 30 | SELL |
| 3899.HK | CIMC Enric Holdings Limited | $2.3B | 56 | HOLD |
| 002353.SZ | Yantai Jereh Oilfield Services Group Co., Ltd. | $21.2B | 74 | BUY |
| 300191.SZ | Sino Geophysical Co., Ltd | $1.5B | 12 | STRONG SELL |
| 0568.HK | Shandong Molong Petroleum Machinery Company Limited | $546M | 22 | SELL |
| 688377.SS | Nanjing Develop Advanced Manufacturing Co., Ltd. | $943M | 9 | STRONG SELL |
Peer medians: ROE 4.7% · P/E 20.0x · Gross margin 22.7%