CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) Stock Fundamental Analysis
TSX:CVE-PR-A - Toronto Stock Exchange - CA15135U3073 - Currency: CAD
Taking everything into account, CVE-PR-A scores 5 out of 10 in our fundamental rating. CVE-PR-A was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of CVE-PR-A get a neutral evaluation. Nothing too spectacular is happening here. CVE-PR-A has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year CVE-PR-A was profitable.
In the past year CVE-PR-A had a positive cash flow from operations.
Of the past 5 years CVE-PR-A 4 years were profitable.
In the past 5 years CVE-PR-A always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CVE-PR-A (4.95%) is better than 77.62% of its industry peers.
With a decent Return On Equity value of 9.30%, CVE-PR-A is doing good in the industry, outperforming 72.86% of the companies in the same industry.
CVE-PR-A's Return On Invested Capital of 7.38% is fine compared to the rest of the industry. CVE-PR-A outperforms 76.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CVE-PR-A is above the industry average of 7.31%.
The last Return On Invested Capital (7.38%) for CVE-PR-A is well below the 3 year average (11.92%), which needs to be investigated, but indicates that CVE-PR-A had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.95% | ||
| ROE | 9.3% | ||
| ROIC | 7.38% |
ROA(3y)8.18%
ROA(5y)3.66%
ROE(3y)15.96%
ROE(5y)7.2%
ROIC(3y)11.92%
ROIC(5y)N/A
1.3 Margins
CVE-PR-A has a Profit Margin (5.15%) which is in line with its industry peers.
In the last couple of years the Profit Margin of CVE-PR-A has declined.
CVE-PR-A has a Operating Margin of 8.54%. This is comparable to the rest of the industry: CVE-PR-A outperforms 50.95% of its industry peers.
In the last couple of years the Operating Margin of CVE-PR-A has grown nicely.
CVE-PR-A has a Gross Margin (32.07%) which is comparable to the rest of the industry.
CVE-PR-A's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.54% | ||
| PM (TTM) | 5.15% | ||
| GM | 32.07% |
OM growth 3Y-3.42%
OM growth 5Y2.33%
PM growth 3Y68.65%
PM growth 5Y-12.05%
GM growth 3Y-13%
GM growth 5Y-11.02%
2. Health
2.1 Basic Checks
CVE-PR-A has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
CVE-PR-A has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CVE-PR-A has more shares outstanding
CVE-PR-A has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.56 indicates that CVE-PR-A is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of CVE-PR-A (2.56) is better than 74.76% of its industry peers.
CVE-PR-A has a debt to FCF ratio of 3.53. This is a good value and a sign of high solvency as CVE-PR-A would need 3.53 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 3.53, CVE-PR-A is doing good in the industry, outperforming 78.10% of the companies in the same industry.
CVE-PR-A has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
CVE-PR-A's Debt to Equity ratio of 0.34 is in line compared to the rest of the industry. CVE-PR-A outperforms 54.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 3.53 | ||
| Altman-Z | 2.56 |
ROIC/WACC0.99
WACC7.48%
2.3 Liquidity
CVE-PR-A has a Current Ratio of 1.46. This is a normal value and indicates that CVE-PR-A is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of CVE-PR-A (1.46) is better than 71.43% of its industry peers.
A Quick Ratio of 0.84 indicates that CVE-PR-A may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.84, CVE-PR-A is in the better half of the industry, outperforming 61.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.46 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
CVE-PR-A shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.43%.
The Earnings Per Share has been growing by 33.97% on average over the past years. This is a very strong growth
CVE-PR-A shows a small growth in Revenue. In the last year, the Revenue has grown by 1.57%.
The Revenue has been growing by 21.88% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-38.43%
EPS 3Y87.2%
EPS 5Y33.97%
EPS Q2Q%-24.19%
Revenue 1Y (TTM)1.57%
Revenue growth 3Y5.4%
Revenue growth 5Y21.88%
Sales Q2Q%-0.73%
3.2 Future
The Earnings Per Share is expected to grow by 19.52% on average over the next years. This is quite good.
Based on estimates for the next years, CVE-PR-A will show a decrease in Revenue. The Revenue will decrease by -5.74% on average per year.
EPS Next Y6.62%
EPS Next 2Y18.58%
EPS Next 3Y19.52%
EPS Next 5YN/A
Revenue Next Year-8.98%
Revenue Next 2Y-4.96%
Revenue Next 3Y-5.74%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 15.87, the valuation of CVE-PR-A can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of CVE-PR-A indicates a somewhat cheap valuation: CVE-PR-A is cheaper than 60.95% of the companies listed in the same industry.
CVE-PR-A's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.45.
Based on the Price/Forward Earnings ratio of 10.26, the valuation of CVE-PR-A can be described as reasonable.
The rest of the industry has a similar Price/Forward Earnings ratio as CVE-PR-A.
CVE-PR-A's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.87 | ||
| Fwd PE | 10.26 |
4.2 Price Multiples
CVE-PR-A's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CVE-PR-A is cheaper than 80.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CVE-PR-A is valued a bit cheaper than 65.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.12 | ||
| EV/EBITDA | 5.28 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CVE-PR-A does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of CVE-PR-A may justify a higher PE ratio.
A more expensive valuation may be justified as CVE-PR-A's earnings are expected to grow with 19.52% in the coming years.
PEG (NY)2.4
PEG (5Y)0.47
EPS Next 2Y18.58%
EPS Next 3Y19.52%
5. Dividend
5.1 Amount
CVE-PR-A has a Yearly Dividend Yield of 2.71%.
Compared to an average industry Dividend Yield of 6.19, CVE-PR-A pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, CVE-PR-A has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
5.2 History
The dividend of CVE-PR-A is nicely growing with an annual growth rate of 31.72%!
CVE-PR-A has been paying a dividend for at least 10 years, so it has a reliable track record.
CVE-PR-A has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)31.72%
Div Incr Years0
Div Non Decr Years7
5.3 Sustainability
CVE-PR-A pays out 57.77% of its income as dividend. This is a bit on the high side, but may be sustainable.
CVE-PR-A's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP57.77%
EPS Next 2Y18.58%
EPS Next 3Y19.52%
CENOVUS ENERGY INC - CVECN 2.404 PERP
TSX:CVE-PR-A (7/3/2025, 7:00:00 PM)
23.65
-0.2 (-0.84%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners52.31%
Inst Owner ChangeN/A
Ins Owners0.66%
Ins Owner ChangeN/A
Market Cap43.10B
Analysts79.09
Price Target31.36 (32.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
Yearly Dividend0.84
Dividend Growth(5Y)31.72%
DP57.77%
Div Incr Years0
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-23.65%
Min EPS beat(2)-72.97%
Max EPS beat(2)25.67%
EPS beat(4)1
Avg EPS beat(4)-18.6%
Min EPS beat(4)-72.97%
Max EPS beat(4)25.67%
EPS beat(8)4
Avg EPS beat(8)-6.58%
EPS beat(12)6
Avg EPS beat(12)-10.49%
EPS beat(16)7
Avg EPS beat(16)-21.6%
Revenue beat(2)0
Avg Revenue beat(2)-7.93%
Min Revenue beat(2)-10.43%
Max Revenue beat(2)-5.43%
Revenue beat(4)2
Avg Revenue beat(4)-0.71%
Min Revenue beat(4)-10.43%
Max Revenue beat(4)9.24%
Revenue beat(8)4
Avg Revenue beat(8)-0.09%
Revenue beat(12)7
Avg Revenue beat(12)5.76%
Revenue beat(16)11
Avg Revenue beat(16)6.01%
PT rev (1m)-14.81%
PT rev (3m)-7.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-43.61%
EPS NY rev (1m)0%
EPS NY rev (3m)-15.42%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.43%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.87 | ||
| Fwd PE | 10.26 | ||
| P/S | 0.8 | ||
| P/FCF | 14.12 | ||
| P/OCF | 5.22 | ||
| P/B | 1.44 | ||
| P/tB | 1.59 | ||
| EV/EBITDA | 5.28 |
EPS(TTM)1.49
EY6.3%
EPS(NY)2.31
Fwd EY9.75%
FCF(TTM)1.68
FCFY7.08%
OCF(TTM)4.53
OCFY19.17%
SpS29.73
BVpS16.48
TBVpS14.87
PEG (NY)2.4
PEG (5Y)0.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.95% | ||
| ROE | 9.3% | ||
| ROCE | 9.36% | ||
| ROIC | 7.38% | ||
| ROICexc | 7.81% | ||
| ROICexgc | 8.33% | ||
| OM | 8.54% | ||
| PM (TTM) | 5.15% | ||
| GM | 32.07% | ||
| FCFM | 5.64% |
ROA(3y)8.18%
ROA(5y)3.66%
ROE(3y)15.96%
ROE(5y)7.2%
ROIC(3y)11.92%
ROIC(5y)N/A
ROICexc(3y)12.89%
ROICexc(5y)N/A
ROICexgc(3y)13.8%
ROICexgc(5y)N/A
ROCE(3y)15.07%
ROCE(5y)N/A
ROICexcg growth 3Y-0.51%
ROICexcg growth 5Y16.37%
ROICexc growth 3Y0.11%
ROICexc growth 5Y16.58%
OM growth 3Y-3.42%
OM growth 5Y2.33%
PM growth 3Y68.65%
PM growth 5Y-12.05%
GM growth 3Y-13%
GM growth 5Y-11.02%
F-Score4
Asset Turnover0.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 3.53 | ||
| Debt/EBITDA | 1.06 | ||
| Cap/Depr | 104.37% | ||
| Cap/Sales | 9.61% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 85.89% | ||
| Profit Quality | 109.35% | ||
| Current Ratio | 1.46 | ||
| Quick Ratio | 0.84 | ||
| Altman-Z | 2.56 |
F-Score4
WACC7.48%
ROIC/WACC0.99
Cap/Depr(3y)91.58%
Cap/Depr(5y)68.62%
Cap/Sales(3y)7.67%
Cap/Sales(5y)7.01%
Profit Quality(3y)110.56%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-38.43%
EPS 3Y87.2%
EPS 5Y33.97%
EPS Q2Q%-24.19%
EPS Next Y6.62%
EPS Next 2Y18.58%
EPS Next 3Y19.52%
EPS Next 5YN/A
Revenue 1Y (TTM)1.57%
Revenue growth 3Y5.4%
Revenue growth 5Y21.88%
Sales Q2Q%-0.73%
Revenue Next Year-8.98%
Revenue Next 2Y-4.96%
Revenue Next 3Y-5.74%
Revenue Next 5YN/A
EBIT growth 1Y-29.74%
EBIT growth 3Y1.79%
EBIT growth 5Y24.73%
EBIT Next Year96.04%
EBIT Next 3Y23.1%
EBIT Next 5Y16.96%
FCF growth 1Y-46.33%
FCF growth 3Y7.94%
FCF growth 5Y14.96%
OCF growth 1Y-15.29%
OCF growth 3Y15.98%
OCF growth 5Y22.96%