CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:CVE-PR-A • CA15135U3073

24.72 CAD
+0.13 (+0.53%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to CVE-PR-A. CVE-PR-A was compared to 216 industry peers in the Oil, Gas & Consumable Fuels industry. While CVE-PR-A has a great profitability rating, there are some minor concerns on its financial health. CVE-PR-A has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • CVE-PR-A had positive earnings in the past year.
  • In the past year CVE-PR-A had a positive cash flow from operations.
  • CVE-PR-A had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years CVE-PR-A had a positive operating cash flow.
CVE-PR-A.CA Yearly Net Income VS EBIT VS OCF VS FCFCVE-PR-A.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B

1.2 Ratios

  • CVE-PR-A has a better Return On Assets (5.83%) than 87.50% of its industry peers.
  • The Return On Equity of CVE-PR-A (11.00%) is better than 82.41% of its industry peers.
  • CVE-PR-A's Return On Invested Capital of 7.09% is amongst the best of the industry. CVE-PR-A outperforms 85.65% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for CVE-PR-A is significantly above the industry average of 6.50%.
  • The 3 year average ROIC (11.92%) for CVE-PR-A is well above the current ROIC(7.09%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 5.83%
ROE 11%
ROIC 7.09%
ROA(3y)8.18%
ROA(5y)3.66%
ROE(3y)15.96%
ROE(5y)7.2%
ROIC(3y)11.92%
ROIC(5y)N/A
CVE-PR-A.CA Yearly ROA, ROE, ROICCVE-PR-A.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 6.17%, CVE-PR-A is in the better half of the industry, outperforming 60.19% of the companies in the same industry.
  • CVE-PR-A's Profit Margin has declined in the last couple of years.
  • The Operating Margin of CVE-PR-A (8.46%) is comparable to the rest of the industry.
  • CVE-PR-A's Operating Margin has improved in the last couple of years.
  • CVE-PR-A has a Gross Margin (33.16%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of CVE-PR-A has declined.
Industry RankSector Rank
OM 8.46%
PM (TTM) 6.17%
GM 33.16%
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%
CVE-PR-A.CA Yearly Profit, Operating, Gross MarginsCVE-PR-A.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CVE-PR-A is creating some value.
  • The number of shares outstanding for CVE-PR-A has been reduced compared to 1 year ago.
  • CVE-PR-A has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, CVE-PR-A has a worse debt to assets ratio.
CVE-PR-A.CA Yearly Shares OutstandingCVE-PR-A.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
CVE-PR-A.CA Yearly Total Debt VS Total AssetsCVE-PR-A.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

  • An Altman-Z score of 2.73 indicates that CVE-PR-A is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.73, CVE-PR-A is in the better half of the industry, outperforming 76.85% of the companies in the same industry.
  • CVE-PR-A has a debt to FCF ratio of 3.55. This is a good value and a sign of high solvency as CVE-PR-A would need 3.55 years to pay back of all of its debts.
  • CVE-PR-A has a better Debt to FCF ratio (3.55) than 83.33% of its industry peers.
  • A Debt/Equity ratio of 0.34 indicates that CVE-PR-A is not too dependend on debt financing.
  • CVE-PR-A has a Debt to Equity ratio of 0.34. This is comparable to the rest of the industry: CVE-PR-A outperforms 58.80% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 3.55
Altman-Z 2.73
ROIC/WACC0.95
WACC7.44%
CVE-PR-A.CA Yearly LT Debt VS Equity VS FCFCVE-PR-A.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B

2.3 Liquidity

  • A Current Ratio of 1.73 indicates that CVE-PR-A should not have too much problems paying its short term obligations.
  • The Current ratio of CVE-PR-A (1.73) is better than 76.85% of its industry peers.
  • A Quick Ratio of 1.18 indicates that CVE-PR-A should not have too much problems paying its short term obligations.
  • CVE-PR-A has a better Quick ratio (1.18) than 70.37% of its industry peers.
Industry RankSector Rank
Current Ratio 1.73
Quick Ratio 1.18
CVE-PR-A.CA Yearly Current Assets VS Current LiabilitesCVE-PR-A.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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5

3. Growth

3.1 Past

  • The earnings per share for CVE-PR-A have decreased strongly by -12.76% in the last year.
  • CVE-PR-A shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 33.97% yearly.
  • Looking at the last year, CVE-PR-A shows a decrease in Revenue. The Revenue has decreased by -9.17% in the last year.
  • The Revenue has been growing by 21.88% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-12.76%
EPS 3Y87.2%
EPS 5Y33.97%
EPS Q2Q%71.43%
Revenue 1Y (TTM)-9.17%
Revenue growth 3Y5.4%
Revenue growth 5Y21.88%
Sales Q2Q%-7.4%

3.2 Future

  • CVE-PR-A is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.84% yearly.
  • The Revenue is expected to decrease by -4.98% on average over the next years.
EPS Next Y30.21%
EPS Next 2Y2.62%
EPS Next 3Y7.13%
EPS Next 5Y22.84%
Revenue Next Year-9.46%
Revenue Next 2Y-8.76%
Revenue Next 3Y-4.98%
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CVE-PR-A.CA Yearly Revenue VS EstimatesCVE-PR-A.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20B 40B 60B
CVE-PR-A.CA Yearly EPS VS EstimatesCVE-PR-A.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 2 -2 4

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6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.46, which indicates a correct valuation of CVE-PR-A.
  • CVE-PR-A's Price/Earnings ratio is a bit cheaper when compared to the industry. CVE-PR-A is cheaper than 69.44% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.25. CVE-PR-A is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 14.31, which indicates a correct valuation of CVE-PR-A.
  • Based on the Price/Forward Earnings ratio, CVE-PR-A is valued a bit cheaper than 67.59% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.50. CVE-PR-A is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 14.46
Fwd PE 14.31
CVE-PR-A.CA Price Earnings VS Forward Price EarningsCVE-PR-A.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 87.50% of the companies in the same industry are more expensive than CVE-PR-A, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, CVE-PR-A is valued a bit cheaper than 68.98% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.55
EV/EBITDA 5.86
CVE-PR-A.CA Per share dataCVE-PR-A.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • CVE-PR-A has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.48
PEG (5Y)0.43
EPS Next 2Y2.62%
EPS Next 3Y7.13%

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6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.91%, CVE-PR-A has a reasonable but not impressive dividend return.
  • CVE-PR-A's Dividend Yield is a higher than the industry average which is at 3.01.
  • CVE-PR-A's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.91%

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
CVE-PR-A.CA Yearly Dividends per shareCVE-PR-A.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

  • CVE-PR-A pays out 45.02% 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.
DP45.02%
EPS Next 2Y2.62%
EPS Next 3Y7.13%
CVE-PR-A.CA Yearly Income VS Free CF VS DividendCVE-PR-A.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B
CVE-PR-A.CA Dividend Payout.CVE-PR-A.CA Dividend Payout, showing the Payout Ratio.CVE-PR-A.CA Dividend Payout.PayoutRetained Earnings

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CENOVUS ENERGY INC - CVECN 2.404 PERP

TSX:CVE-PR-A (2/4/2026, 7:00:00 PM)

24.72

+0.13 (+0.53%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)10-31
Earnings (Next)02-12
Inst Owners53.35%
Inst Owner ChangeN/A
Ins Owners0.64%
Ins Owner ChangeN/A
Market Cap46.73B
Revenue(TTM)50.56B
Net Income(TTM)3.12B
Analysts80
Price Target31.55 (27.63%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.91%
Yearly Dividend0.84
Dividend Growth(5Y)31.72%
DP45.02%
Div Incr Years0
Div Non Decr Years7
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)108.83%
Min EPS beat(2)40.05%
Max EPS beat(2)177.6%
EPS beat(4)3
Avg EPS beat(4)42.59%
Min EPS beat(4)-72.97%
Max EPS beat(4)177.6%
EPS beat(8)4
Avg EPS beat(8)19.19%
EPS beat(12)7
Avg EPS beat(12)10.58%
EPS beat(16)9
Avg EPS beat(16)-1.72%
Revenue beat(2)0
Avg Revenue beat(2)-4.56%
Min Revenue beat(2)-4.97%
Max Revenue beat(2)-4.15%
Revenue beat(4)0
Avg Revenue beat(4)-6.25%
Min Revenue beat(4)-10.43%
Max Revenue beat(4)-4.15%
Revenue beat(8)3
Avg Revenue beat(8)-1.58%
Revenue beat(12)5
Avg Revenue beat(12)-0.2%
Revenue beat(16)9
Avg Revenue beat(16)4.49%
PT rev (1m)11.6%
PT rev (3m)9.11%
EPS NQ rev (1m)3.97%
EPS NQ rev (3m)25%
EPS NY rev (1m)-0.27%
EPS NY rev (3m)23.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.48%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.63%
Valuation
Industry RankSector Rank
PE 14.46
Fwd PE 14.31
P/S 0.92
P/FCF 16.55
P/OCF 5.95
P/B 1.65
P/tB 1.84
EV/EBITDA 5.86
EPS(TTM)1.71
EY6.92%
EPS(NY)1.73
Fwd EY6.99%
FCF(TTM)1.49
FCFY6.04%
OCF(TTM)4.15
OCFY16.8%
SpS26.75
BVpS15.01
TBVpS13.46
PEG (NY)0.48
PEG (5Y)0.43
Graham Number24.03
Profitability
Industry RankSector Rank
ROA 5.83%
ROE 11%
ROCE 8.93%
ROIC 7.09%
ROICexc 7.38%
ROICexgc 7.88%
OM 8.46%
PM (TTM) 6.17%
GM 33.16%
FCFM 5.59%
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
ROICexgc growth 3Y-0.51%
ROICexgc 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-Score5
Asset Turnover0.94
Health
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 3.55
Debt/EBITDA 1.04
Cap/Depr 99.6%
Cap/Sales 9.94%
Interest Coverage 250
Cash Conversion 84.18%
Profit Quality 90.48%
Current Ratio 1.73
Quick Ratio 1.18
Altman-Z 2.73
F-Score5
WACC7.44%
ROIC/WACC0.95
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)-12.76%
EPS 3Y87.2%
EPS 5Y33.97%
EPS Q2Q%71.43%
EPS Next Y30.21%
EPS Next 2Y2.62%
EPS Next 3Y7.13%
EPS Next 5Y22.84%
Revenue 1Y (TTM)-9.17%
Revenue growth 3Y5.4%
Revenue growth 5Y21.88%
Sales Q2Q%-7.4%
Revenue Next Year-9.46%
Revenue Next 2Y-8.76%
Revenue Next 3Y-4.98%
Revenue Next 5YN/A
EBIT growth 1Y-20.33%
EBIT growth 3Y1.79%
EBIT growth 5Y24.73%
EBIT Next Year102.61%
EBIT Next 3Y32.13%
EBIT Next 5Y21.11%
FCF growth 1Y-6.18%
FCF growth 3Y7.94%
FCF growth 5Y14.96%
OCF growth 1Y5.9%
OCF growth 3Y15.98%
OCF growth 5Y22.96%

CENOVUS ENERGY INC - CVECN 2.404 PERP / CVE-PR-A.CA FAQ

What is the ChartMill fundamental rating of CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) stock?

ChartMill assigns a fundamental rating of 6 / 10 to CVE-PR-A.CA.


What is the valuation status for CVE-PR-A stock?

ChartMill assigns a valuation rating of 6 / 10 to CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA). This can be considered as Fairly Valued.


What is the profitability of CVE-PR-A stock?

CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for CVE-PR-A stock?

The Price/Earnings (PE) ratio for CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) is 14.46 and the Price/Book (PB) ratio is 1.65.


Is the dividend of CENOVUS ENERGY INC - CVECN 2.404 PERP sustainable?

The dividend rating of CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) is 6 / 10 and the dividend payout ratio is 45.02%.