China Petroleum & Chemical Corporation
China Petroleum & Chemical Corporation, commonly known as Sinopec, is a state-owned enterprise and one of the largest integrated energy and chemical companies in the world. It plays a critical role in China's energy sector by engaging in upstream exploration and production of oil and gas, alongside downstream activities like refining, marketing, and distribution. Sinopec is a dominant player in the chemicals industry, producing petrochemicals, fertilizers, and synthetic fibers, which serve a multitude of sectors including agriculture, manufacturing, and retail. Known for its robust production capabilities and extensive refinery operations, Sinopec's infrastructure spans globally, reinforcing China's energy security. It also engages in international strategic partnerships, contributing significantly to its market influence. As a central player in the Asian markets, Sinopec's operations and decisions can affect global crude oil and natural gas prices, highlighting its importance in the energy and commodities markets.
$0.55
+$0.00 (+0.00%)
EOD Oct 21, 2026
Operating margin is thin at 1.89%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 9.5% YoY. The question is whether this is cyclical or a structural shift.
Net debt of ¥374.79B represents 13.0x FCF, leverage limits flexibility.
13.7x earnings, 17.0x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
¥2.78T
▼ -9.5% YoY
Net Income (TTM)
¥35.81B
▼ -36.3% YoY
Op. Margin
1.89%
▼ -0.4pp YoY
ROIC
2.90%
▼ -1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
¥28.87B
▲ +184.3% YoY
Op. Cash Flow (TTM)
¥162.50B
▲ +8.8% YoY
Net Debt
¥374.79B
Cash & Equiv.
¥156.22B
3Y CAGR: -5.1%
Continue Research
Is China Petroleum & Chemical (SNPMF) overvalued?
At a P/E of 13.7 and a price-to-free-cash-flow of 17.0, China Petroleum & Chemical (SNPMF) trades below a two-stage DCF intrinsic value of about CNY 0.94 per share, so at CNY 0.55 the stock looks undervalued (70.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, China Petroleum & Chemical scores 51/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is China Petroleum & Chemical's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about CNY 0.94 per share for SNPMF, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around CNY 0.70. At today's CNY 0.55, that puts the stock about 70.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is China Petroleum & Chemical a high-quality business?+
China Petroleum & Chemical scores 51 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 1.9% operating margin and a 2.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is China Petroleum & Chemical a good stock to buy right now?+
That depends on valuation and quality together, not either alone. SNPMF currently trades below its estimated intrinsic value and scores 51/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Oil & Gas Integrated
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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