En este artículo:
Building up an investment case requires looking at a stock holistically. Today I’ve chosen to put the spotlight on CNOOC Limited (HKG:883) due to its excellent fundamentals in more than one area. 883 is a highly-regarded dividend-paying company that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on CNOOC here.
Excellent balance sheet average dividend payer
883’s ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This implies that 883 manages its cash and cost levels well, which is a crucial insight into the health of the company. 883’s has produced operating cash levels of 0.71x total debt over the past year, which implies that 883’s management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.
883 is also a dividend company, with ample net income to cover its dividend payout, which has been consistently growing over the past decade, keeping income investors happy.
Next Steps:
For CNOOC, I’ve put together three pertinent factors you should further research:
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Future Outlook: What are well-informed industry analysts predicting for 883’s future growth? Take a look at our free research report of analyst consensus for 883’s outlook.
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Historical Performance: What has 883’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
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Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of 883? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.