PetroChina (SEHK:857) Posts Strong Interim Earnings, Is The Stock Still Undervalued?

Simply Wall St.08-30

PetroChina (SEHK:857) reported interim earnings for the half year to June 30, 2026, with sales of CNY 1,527.5b and net income of CNY 103.9b, which is framing current interest in the stock. The interim...

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The interim...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/energy/hkg-857/petrochina-shares/news/petrochina-sehk857-posts-strong-interim-earnings-is-the-stoc\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PetroChina (SEHK:857) Posts Strong Interim Earnings, Is The Stock Still Undervalued?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPetroChina (SEHK:857) Posts Strong Interim Earnings, Is The Stock Still Undervalued?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-30 21:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/energy/hkg-857/petrochina-shares/news/petrochina-sehk857-posts-strong-interim-earnings-is-the-stoc><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PetroChina (SEHK:857) reported interim earnings for the half year to June 30, 2026, with sales of CNY 1,527.5b and net income of CNY 103.9b, which is framing current interest in the stock. The interim...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/energy/hkg-857/petrochina-shares/news/petrochina-sehk857-posts-strong-interim-earnings-is-the-stoc\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0634319403.HKD","symbol_name":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","start_time":0,"source_url":"https://simplywall.st/stocks/hk/energy/hkg-857/petrochina-shares/news/petrochina-sehk857-posts-strong-interim-earnings-is-the-stoc","article_id":"2663583042","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/1031000-choice2-main-header/1585186666598"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/energy/hkg-857/petrochina-shares/news/petrochina-sehk857-posts-strong-interim-earnings-is-the-stoc","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2663583042","pubTimestamp":1788096252,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"PetroChina (SEHK:857) reported interim earnings for the half year to June 30, 2026, with sales of CNY 1,527.5b and net income of CNY 103.9b, which is framing current interest in the stock.\nThe interim results have come alongside a firm share price, with PetroChina trading at HK$10.19 after a 1‑day share price return of 2.21% and a year to date share price return of 19.60%. The 1 year total shareholder return of 44.28% and 5 year total shareholder return of 330.66% point to momentum that has...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","LU0890818403.SGD":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD-H","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","JOYT":"JPMorgan Equity and Options Total Return ETF","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","LU1719994722.HKD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (HKD) ACC","LU0052750758.USD":"富兰克林中国基金A Acc","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","SGXZ62798434.SGD":"MAYBANK ASIAN GROWTH AND INCOME-I \"A\" (SGDHDG) ACC","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","RGLO":"Global Equity Active ETF","LU1785774172.SGD":"JPM TOTAL EMERGING MARKETS INCOME \"A\" (SGD) INC","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","VGFPF":"Vanguard Funds PLC","LU0469268626.HKD":"AB FCP I-ASIA EX JAPAN EQUITY PTF(AD","LU0862451837.USD":"JPM EMERGING MARKETS DIVIDEND \"A\" (USD) INC (M)","LU0287142896.SGD":"Fidelity China Focus A-SGD","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","FEBU":"AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF","DECU":"AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0675040207.SGD":"JPM ASIA PACIFIC EQUITY \"A\" (SGD) ACC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","GXDW":"Global X Dorsey Wright Thematic ETF","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","LU0405327494.USD":"ALLSPRING CHINA A FOCUS \"I\" (USD) ACC","LU0417516571.SGD":"Allianz Oriental Income Cl AT Acc SGD","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","IE00B19Z5X02.USD":"Legg Mason QS - MV Asia Pacific ex Japan Equity Growth and Income A Acc USD","VOTE":"TCW Transform 500 ETF","00857":"中国石油股份","PMDE":"PGIM S&P 500 Max Buffer ETF - December","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","DCF":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc","LU1720050803.USD":"安联全方位中国股票基金","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","LU0293314216.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"A\" (USD) ACC","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU0588545730.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"ADM\" (USD) INC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","BK1226":"综合性石油与天然气企业","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC"},"translate_title":"中石油（SEHK:857）公布强劲的中期收益，该股仍被低估吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VOTE":0.9,"DECU":0.9,"00857":0.9,"VGFPF":0.9,"DCF":1,"PMDE":0.9,"RGLO":0.9,"FEBU":0.9,"JOYT":0.9,"GXDW":0.9},"content_text":"PetroChina (SEHK:857) reported interim earnings for the half year to June 30, 2026, with sales of CNY 1,527.5b and net income of CNY 103.9b, which is framing current interest in the stock. The interim results have come alongside a firm share price, with PetroChina trading at HK$10.19 after a 1‑day share price return of 2.21% and a year to date share price return of 19.60%. The 1 year total shareholder return of 44.28% and 5 year total shareholder return of 330.66% point to momentum that has built over a longer horizon, even though the 90 day share price return declined 6.60%. Compare PetroChina's momentum and earnings story with a hand picked set of value focused peers through the 267 high quality undervalued stocks to see what else is moving on strong fundamentals. PetroChina's share price has moved ahead of its recent earnings, yet the stock still trades below both analyst targets and some intrinsic value estimates. How wide is that gap, and what does it say about fair value now? AdvertisementPrice to earnings of 10.1x for PetroChina: Is it justified? On a preferred metric like the P/E ratio, PetroChina trades on 10.1x earnings while the wider Asian Oil and Gas industry averages 12.2x and close peers average 10.8x. At the same time, the stock closed at HK$10.19, which is also described as trading at good value against some intrinsic value estimates. The P/E ratio compares PetroChina's current share price with its earnings per share. For mature, cash generating businesses in energy, this is a common way investors gauge how much they are paying for each unit of profit. A lower P/E can signal that the market is placing a more cautious label on future earnings, or that investors are simply not willing to pay up for those profits today. PetroChina is described as having high quality earnings and has grown earnings by 12.3% per year over the past 5 years, yet its current P/E is framed as good value next to both peers and the Asian Oil and Gas industry. That gap is also wide against an estimated fair P/E of 13.8x, which is a level the ratio could move toward if the market were to price the stock in line with that fair multiple view. Explore the SWS fair ratio for PetroChina. Result: Price-to-earnings of 10.1x (UNDERVALUED) However, PetroChina still faces risks from oil and gas price volatility, as well as any shift in domestic policy that could affect returns on its large capital base. Find out about the key risks to this PetroChina narrative. Another view on PetroChina's value The P/E comparison suggests PetroChina is on the cheap side, yet the SWS DCF model paints an even stronger picture. At HK$10.19 the stock is described as trading around 57.1% below an estimated value of HK$23.78. That is a large gap. How comfortable are you with the assumptions behind it? For a closer look at how that estimate is built and what could shift it over time, Look into how the SWS DCF model arrives at its fair value. 857 Discounted Cash Flow as at Aug 2026Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out PetroChina for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 267 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. Next Steps With PetroChina presenting both potential rewards and clear risks, it makes sense to move quickly and test the data against your own expectations. To weigh both sides together and sharpen your view, take a closer look at the 2 key rewards and 1 important warning sign. Looking for more investment ideas beyond PetroChina? If PetroChina has sharpened your view on value, do not stop here. Broaden your watchlist with focused screens that surface different kinds of opportunities.  Explore potential mispricing by scanning companies that combine quality fundamentals with attractive valuations through the 267 high quality undervalued stocks. Focus on income by reviewing businesses that offer higher yields and resilient payout profiles using the 416 dividend fortresses. Emphasize resilience by filtering for companies with robust financial positions and solid fundamentals with the list of solid balance sheet and fundamentals (427 results).   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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