CVE-PR-A Fundamental Analysis - CENOVUS ENERGY INC - CVECN 2.404 PERP

Fundamental Rating

Taking everything into account, CVE-PR-A scores 6 out of 10 in our fundamental rating. CVE-PR-A was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. While CVE-PR-A belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. CVE-PR-A is not valued too expensively and it also shows a decent growth rate.

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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.

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 (5.83%) is better than 86.92% of its industry peers.

CVE-PR-A has a better Return On Equity (11.00%) than 81.78% 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 85.05% of its industry peers.

CVE-PR-A had an Average Return On Invested Capital over the past 3 years of 11.92%. This is significantly above the industry average of 6.42%.

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 Rank	Sector 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

1.3 Margins

Looking at the Profit Margin, with a value of 6.17%, CVE-PR-A is in line with its industry, outperforming 59.35% of the companies in the same industry.

In the last couple of years the Profit Margin of CVE-PR-A has declined.

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 of 33.16%. This is comparable to the rest of the industry: CVE-PR-A outperforms 53.27% of its industry peers.

In the last couple of years the Gross Margin of CVE-PR-A has declined.

		Industry Rank	Sector 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%

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ROA

ROE

ROIC

Operating and Profit Margin

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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.

2.2 Solvency

CVE-PR-A has an Altman-Z score of 2.72. This is not the best score and indicates that CVE-PR-A is in the grey zone with still only limited risk for bankruptcy at the moment.

With a decent Altman-Z score value of 2.72, CVE-PR-A is doing good in the industry, outperforming 79.44% 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's Debt to FCF ratio of 3.55 is amongst the best of the industry. CVE-PR-A outperforms 83.18% of its industry peers.

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 has a Debt to Equity ratio of 0.34. This is comparable to the rest of the industry: CVE-PR-A outperforms 58.88% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.34
Debt/FCF	3.55
Altman-Z	2.72

ROIC/WACC0.98

WACC7.24%

2.3 Liquidity

CVE-PR-A has a Current Ratio of 1.73. 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.

CVE-PR-A has a better Current ratio (1.73) than 76.64% 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 69.63% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.73
Quick Ratio	1.18

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WACC

Debt/Equity

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Altman-Z score

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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 -12.76%.

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 decrease in Revenue. In the last year, the revenue decreased by -9.17%.

CVE-PR-A shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.88% yearly.

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 26.68% yearly.

The Revenue is expected to decrease by -4.98% on average over the next years.

EPS Next Y30.56%

EPS Next 2Y2.22%

EPS Next 3Y10.25%

EPS Next 5Y26.68%

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.

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

CVE-PR-A is valuated correctly with a Price/Earnings ratio of 14.33.

CVE-PR-A's Price/Earnings ratio is a bit cheaper when compared to the industry. CVE-PR-A is cheaper than 66.36% of the companies in the same industry.

Compared to an average S&P500 Price/Earnings ratio of 27.19, CVE-PR-A is valued a bit cheaper.

The Price/Forward Earnings ratio is 14.30, 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 the industry average as 62.62% of the companies are valued more expensively.

When comparing the Price/Forward Earnings ratio of CVE-PR-A to the average of the S&P500 Index (23.88), we can say CVE-PR-A is valued slightly cheaper.

		Industry Rank	Sector Rank
PE	14.33
Fwd PE	14.3

4.2 Price Multiples

CVE-PR-A's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CVE-PR-A is cheaper than 85.05% of the companies in the same industry.

Based on the Price/Free Cash Flow ratio, CVE-PR-A is valued a bit cheaper than the industry average as 66.36% of the companies are valued more expensively.

		Industry Rank	Sector Rank
P/FCF	16.4
EV/EBITDA	5.84

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)0.47

PEG (5Y)0.42

EPS Next 2Y2.22%

EPS Next 3Y10.25%

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5. Dividend

5.1 Amount

CVE-PR-A has a Yearly Dividend Yield of 3.52%. Purely for dividend investing, there may be better candidates out there.

CVE-PR-A's Dividend Yield is a higher than the industry average which is at 2.71.

Compared to an average S&P500 Dividend Yield of 1.90, CVE-PR-A pays a better dividend.

		Industry Rank	Sector Rank
Dividend Yield	3.52%

5.2 History

On average, the dividend of CVE-PR-A grows each year by 31.72%, which is quite nice.

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

45.02% of the earnings are spent on dividend by CVE-PR-A. This is a bit on the high side, but may be sustainable.

The dividend of CVE-PR-A is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.

DP45.02%

EPS Next 2Y2.22%

EPS Next 3Y10.25%

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CENOVUS ENERGY INC - CVECN 2.404 PERP

TSX:CVE-PR-A (1/9/2026, 7:00:00 PM)

24.5

0 (0%)

Chartmill FA Rating

GICS SectorEnergy

GICS IndustryGroupEnergy

GICS IndustryOil, Gas & Consumable Fuels

Earnings (Last)10-31 2025-10-31/bmo

Earnings (Next)02-18 2026-02-18/amc

Inst Owners53.35%

Inst Owner ChangeN/A

Ins Owners0.64%

Ins Owner ChangeN/A

Market Cap46.31B

Revenue(TTM)50.56B

Net Income(TTM)3.12B

Analysts80

Price Target28.27 (15.39%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	3.52%

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)3.8%

PT rev (3m)0.71%

EPS NQ rev (1m)4.9%

EPS NQ rev (3m)10.08%

EPS NY rev (1m)2.56%

EPS NY rev (3m)32.38%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)-6.93%

Revenue NY rev (1m)0.41%

Revenue NY rev (3m)-0.79%

Valuation

		Industry Rank	Sector Rank
PE	14.33
Fwd PE	14.3
P/S	0.92
P/FCF	16.4
P/OCF	5.9
P/B	1.63
P/tB	1.82
EV/EBITDA	5.84

EPS(TTM)1.71

EY6.98%

EPS(NY)1.71

Fwd EY6.99%

FCF(TTM)1.49

FCFY6.1%

OCF(TTM)4.15

OCFY16.95%

SpS26.75

BVpS15.01

TBVpS13.46

PEG (NY)0.47

PEG (5Y)0.42

Graham Number24.03

Profitability

		Industry Rank	Sector 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 Rank	Sector 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	2.72

F-Score5

WACC7.24%

ROIC/WACC0.98

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 Y30.56%

EPS Next 2Y2.22%

EPS Next 3Y10.25%

EPS Next 5Y26.68%

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 5Y21.02%

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 14.33 and the Price/Book (PB) ratio is 1.63.

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%.

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

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens

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?

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

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

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

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