CENOVUS ENERGY INC (CVE.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:CVE - CA15135U1093 - Common Stock
24.66 CAD
+0.05 (+0.2%)
CVE gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 218 industry peers in the Oil, Gas & Consumable Fuels industry. While CVE has a great profitability rating, there are some minor concerns on its financial health. CVE has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
CVE had positive earnings in the past year.
In the past year CVE had a positive cash flow from operations.
Of the past 5 years CVE 4 years were profitable.
In the past 5 years CVE always reported a positive cash flow from operatings.
1.2 Ratios
CVE's Return On Assets of 5.83% is amongst the best of the industry. CVE outperforms 86.70% of its industry peers.
With an excellent Return On Equity value of 11.00%, CVE belongs to the best of the industry, outperforming 81.65% of the companies in the same industry.
CVE has a Return On Invested Capital of 7.09%. This is amongst the best in the industry. CVE outperforms 83.03% of its industry peers.
CVE had an Average Return On Invested Capital over the past 3 years of 11.92%. This is significantly above the industry average of 6.53%.
The 3 year average ROIC (11.92%) for CVE 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
CVE has a Profit Margin (6.17%) which is in line with its industry peers.
CVE's Profit Margin has declined in the last couple of years.
CVE has a Operating Margin (8.46%) which is comparable to the rest of the industry.
CVE's Operating Margin has improved in the last couple of years.
CVE has a Gross Margin (33.16%) which is in line with its industry peers.
CVE's Gross Margin has declined in the last couple of years.
| 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%
2. Health
2.1 Basic Checks
CVE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
CVE has less shares outstanding than it did 1 year ago.
The number of shares outstanding for CVE has been increased compared to 5 years ago.
The debt/assets ratio for CVE is higher compared to a year ago.
2.2 Solvency
CVE has an Altman-Z score of 2.73. This is not the best score and indicates that CVE is in the grey zone with still only limited risk for bankruptcy at the moment.
CVE has a Altman-Z score of 2.73. This is in the better half of the industry: CVE outperforms 77.52% of its industry peers.
CVE has a debt to FCF ratio of 3.55. This is a good value and a sign of high solvency as CVE would need 3.55 years to pay back of all of its debts.
CVE has a better Debt to FCF ratio (3.55) than 84.86% of its industry peers.
A Debt/Equity ratio of 0.34 indicates that CVE is not too dependend on debt financing.
CVE's Debt to Equity ratio of 0.34 is in line compared to the rest of the industry. CVE outperforms 57.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 3.55 | ||
| Altman-Z | 2.73 |
ROIC/WACC0.96
WACC7.35%
2.3 Liquidity
CVE has a Current Ratio of 1.73. This is a normal value and indicates that CVE is financially healthy and should not expect problems in meeting its short term obligations.
CVE has a Current ratio of 1.73. This is in the better half of the industry: CVE outperforms 75.23% of its industry peers.
A Quick Ratio of 1.18 indicates that CVE should not have too much problems paying its short term obligations.
CVE has a better Quick ratio (1.18) than 68.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.73 | ||
| Quick Ratio | 1.18 |
3. Growth
3.1 Past
The earnings per share for CVE have decreased strongly by -12.76% in the last year.
CVE shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 33.97% yearly.
CVE shows a decrease in Revenue. In the last year, the revenue decreased by -9.17%.
Measured over the past years, CVE shows a very strong growth in Revenue. The Revenue has been growing by 21.88% on average per year.
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 is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.68% yearly.
CVE is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.91% yearly.
EPS Next Y27.31%
EPS Next 2Y1.31%
EPS Next 3Y11.15%
EPS Next 5Y26.68%
Revenue Next Year-9.83%
Revenue Next 2Y-8.59%
Revenue Next 3Y-4.91%
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.
4. Valuation
4.1 Price/Earnings Ratio
CVE is valuated correctly with a Price/Earnings ratio of 14.42.
Based on the Price/Earnings ratio, CVE is valued a bit cheaper than 66.51% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.59. CVE is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 14.65, the valuation of CVE can be described as correct.
63.76% of the companies in the same industry are more expensive than CVE, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of CVE to the average of the S&P500 Index (23.80), we can say CVE is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.42 | ||
| Fwd PE | 14.65 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CVE is valued cheaper than 85.78% of the companies in the same industry.
66.97% of the companies in the same industry are more expensive than CVE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.51 | ||
| EV/EBITDA | 5.87 |
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 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.53
PEG (5Y)0.42
EPS Next 2Y1.31%
EPS Next 3Y11.15%
5. Dividend
5.1 Amount
CVE has a Yearly Dividend Yield of 3.08%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.83, CVE pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, CVE pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.08% |
5.2 History
On average, the dividend of CVE grows each year by 31.72%, which is quite nice.
CVE has paid a dividend for at least 10 years, which is a reliable track record.
CVE has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)31.72%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
45.02% of the earnings are spent on dividend by CVE. This is a bit on the high side, but may be sustainable.
The dividend of CVE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP45.02%
EPS Next 2Y1.31%
EPS Next 3Y11.15%
TSX:CVE (12/10/2025, 7:00:00 PM)
24.66
+0.05 (+0.2%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners53.06%
Inst Owner ChangeN/A
Ins Owners0.63%
Ins Owner ChangeN/A
Market Cap46.62B
Revenue(TTM)50.56B
Net Income(TTM)3.12B
Analysts80
Price Target29.59 (19.99%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.08% |
Yearly Dividend0.84
Dividend Growth(5Y)31.72%
DP45.02%
Div Incr Years4
Div Non Decr Years4
Ex-Date
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)5.45%
PT rev (3m)8.66%
EPS NQ rev (1m)14.61%
EPS NQ rev (3m)29.06%
EPS NY rev (1m)33.63%
EPS NY rev (3m)25.47%
Revenue NQ rev (1m)-3.48%
Revenue NQ rev (3m)4.36%
Revenue NY rev (1m)-2.3%
Revenue NY rev (3m)1.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.42 | ||
| Fwd PE | 14.65 | ||
| P/S | 0.92 | ||
| P/FCF | 16.51 | ||
| P/OCF | 5.94 | ||
| P/B | 1.64 | ||
| P/tB | 1.83 | ||
| EV/EBITDA | 5.87 |
EPS(TTM)1.71
EY6.93%
EPS(NY)1.68
Fwd EY6.83%
FCF(TTM)1.49
FCFY6.06%
OCF(TTM)4.15
OCFY16.84%
SpS26.75
BVpS15.01
TBVpS13.46
PEG (NY)0.53
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 | 2.73 |
F-Score5
WACC7.35%
ROIC/WACC0.96
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 Y27.31%
EPS Next 2Y1.31%
EPS Next 3Y11.15%
EPS Next 5Y26.68%
Revenue 1Y (TTM)-9.17%
Revenue growth 3Y5.4%
Revenue growth 5Y21.88%
Sales Q2Q%-7.4%
Revenue Next Year-9.83%
Revenue Next 2Y-8.59%
Revenue Next 3Y-4.91%
Revenue Next 5YN/A
EBIT growth 1Y-20.33%
EBIT growth 3Y1.79%
EBIT growth 5Y24.73%
EBIT Next Year101.69%
EBIT Next 3Y30.19%
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 / CVE.CA FAQ
What is the fundamental rating for CVE stock?
ChartMill assigns a fundamental rating of 6 / 10 to CVE.CA.
What is the valuation status for CVE stock?
ChartMill assigns a valuation rating of 6 / 10 to CENOVUS ENERGY INC (CVE.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for CENOVUS ENERGY INC?
CENOVUS ENERGY INC (CVE.CA) has a profitability rating of 7 / 10.
What is the valuation of CENOVUS ENERGY INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for CENOVUS ENERGY INC (CVE.CA) is 14.42 and the Price/Book (PB) ratio is 1.64.
What is the financial health of CENOVUS ENERGY INC (CVE.CA) stock?
The financial health rating of CENOVUS ENERGY INC (CVE.CA) is 6 / 10.