CANADIAN NATURAL RESOURCES (CNQ.CA) Stock Fundamental Analysis
Canada - TSX:CNQ - CA1363851017 - Common Stock
47.06 CAD
+1.4 (+3.07%)
Taking everything into account, CNQ scores 5 out of 10 in our fundamental rating. CNQ was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. CNQ has an excellent profitability rating, but there are concerns on its financial health. CNQ is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
CNQ had positive earnings in the past year.
In the past year CNQ had a positive cash flow from operations.
Of the past 5 years CNQ 4 years were profitable.
CNQ had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CNQ (7.78%) is better than 89.72% of its industry peers.
With an excellent Return On Equity value of 16.45%, CNQ belongs to the best of the industry, outperforming 92.06% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 10.43%, CNQ belongs to the top of the industry, outperforming 93.93% of the companies in the same industry.
CNQ had an Average Return On Invested Capital over the past 3 years of 13.06%. This is significantly above the industry average of 6.73%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.78% | ||
| ROE | 16.45% | ||
| ROIC | 10.43% |
ROA(3y)10.79%
ROA(5y)8.36%
ROE(3y)21.6%
ROE(5y)16.84%
ROIC(3y)13.06%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 17.23%, CNQ is in the better half of the industry, outperforming 78.04% of the companies in the same industry.
In the last couple of years the Profit Margin of CNQ has declined.
CNQ's Operating Margin of 26.62% is fine compared to the rest of the industry. CNQ outperforms 79.91% of its industry peers.
CNQ's Operating Margin has improved in the last couple of years.
CNQ has a better Gross Margin (48.85%) than 73.36% of its industry peers.
CNQ's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.62% | ||
| PM (TTM) | 17.23% | ||
| GM | 48.85% |
OM growth 3Y-4.83%
OM growth 5Y2.21%
PM growth 3Y-12.43%
PM growth 5Y-6.28%
GM growth 3Y-3.13%
GM growth 5Y-1.06%
2. Health
2.1 Basic Checks
CNQ has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
CNQ has less shares outstanding than it did 1 year ago.
CNQ has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CNQ has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.61 indicates that CNQ is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.61, CNQ is doing good in the industry, outperforming 75.23% of the companies in the same industry.
CNQ has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
CNQ has a Debt to Equity ratio (0.44) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.61 |
ROIC/WACC1.46
WACC7.14%
2.3 Liquidity
A Current Ratio of 0.86 indicates that CNQ may have some problems paying its short term obligations.
CNQ has a Current ratio (0.86) which is comparable to the rest of the industry.
CNQ has a Quick Ratio of 0.86. This is a bad value and indicates that CNQ is not financially healthy enough and could expect problems in meeting its short term obligations.
CNQ has a Quick ratio of 0.53. This is in the lower half of the industry: CNQ underperforms 67.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
CNQ shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.83%.
CNQ shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.79% yearly.
The Revenue has grown by 8.06% in the past year. This is quite good.
The Revenue has been growing by 9.29% on average over the past years. This is quite good.
EPS 1Y (TTM)-0.83%
EPS 3Y4.92%
EPS 5Y16.79%
EPS Q2Q%-9.89%
Revenue 1Y (TTM)8.06%
Revenue growth 3Y5.86%
Revenue growth 5Y9.29%
Sales Q2Q%9.55%
3.2 Future
Based on estimates for the next years, CNQ will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.58% on average per year.
CNQ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.31% yearly.
EPS Next Y2.99%
EPS Next 2Y-4.08%
EPS Next 3Y8.68%
EPS Next 5Y17.58%
Revenue Next Year5.99%
Revenue Next 2Y1.01%
Revenue Next 3Y2.64%
Revenue Next 5Y1.31%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last 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
A Price/Earnings ratio of 12.82 indicates a correct valuation of CNQ.
Based on the Price/Earnings ratio, CNQ is valued a bit cheaper than 68.69% of the companies in the same industry.
When comparing the Price/Earnings ratio of CNQ to the average of the S&P500 Index (25.89), we can say CNQ is valued rather cheaply.
The Price/Forward Earnings ratio is 14.76, which indicates a correct valuation of CNQ.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CNQ indicates a somewhat cheap valuation: CNQ is cheaper than 60.75% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, CNQ is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.82 | ||
| Fwd PE | 14.76 |
4.2 Price Multiples
CNQ's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CNQ is cheaper than 82.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.14 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of CNQ may justify a higher PE ratio.
PEG (NY)4.3
PEG (5Y)0.76
EPS Next 2Y-4.08%
EPS Next 3Y8.68%
5. Dividend
5.1 Amount
CNQ has a Yearly Dividend Yield of 5.15%, which is a nice return.
CNQ's Dividend Yield is a higher than the industry average which is at 5.31.
Compared to an average S&P500 Dividend Yield of 2.44, CNQ pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.15% |
5.2 History
The dividend of CNQ is nicely growing with an annual growth rate of 23.37%!
CNQ has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of CNQ decreased recently.
Dividend Growth(5Y)23.37%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
CNQ pays out 71.45% of its income as dividend. This is not a sustainable payout ratio.
CNQ's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP71.45%
EPS Next 2Y-4.08%
EPS Next 3Y8.68%
TSX:CNQ (11/14/2025, 7:00:00 PM)
47.06
+1.4 (+3.07%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners75.7%
Inst Owner ChangeN/A
Ins Owners2.18%
Ins Owner ChangeN/A
Market Cap98.22B
Revenue(TTM)38.62B
Net Income(TTM)6.66B
Analysts75.2
Price Target54.03 (14.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.15% |
Yearly Dividend2.09
Dividend Growth(5Y)23.37%
DP71.45%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.15%
Min EPS beat(2)1.37%
Max EPS beat(2)12.93%
EPS beat(4)3
Avg EPS beat(4)5.69%
Min EPS beat(4)-0.9%
Max EPS beat(4)12.93%
EPS beat(8)6
Avg EPS beat(8)4.69%
EPS beat(12)8
Avg EPS beat(12)3.29%
EPS beat(16)12
Avg EPS beat(16)4.22%
Revenue beat(2)0
Avg Revenue beat(2)-1.46%
Min Revenue beat(2)-2.6%
Max Revenue beat(2)-0.33%
Revenue beat(4)2
Avg Revenue beat(4)0.9%
Min Revenue beat(4)-2.6%
Max Revenue beat(4)4.16%
Revenue beat(8)4
Avg Revenue beat(8)0.45%
Revenue beat(12)8
Avg Revenue beat(12)1.49%
Revenue beat(16)12
Avg Revenue beat(16)5.45%
PT rev (1m)0.79%
PT rev (3m)2.57%
EPS NQ rev (1m)-4.93%
EPS NQ rev (3m)-0.92%
EPS NY rev (1m)3.49%
EPS NY rev (3m)2.93%
Revenue NQ rev (1m)-1.97%
Revenue NQ rev (3m)0.53%
Revenue NY rev (1m)-1.09%
Revenue NY rev (3m)-1.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.82 | ||
| Fwd PE | 14.76 | ||
| P/S | 2.54 | ||
| P/FCF | N/A | ||
| P/OCF | 6.65 | ||
| P/B | 2.43 | ||
| P/tB | 2.43 | ||
| EV/EBITDA | 6.14 |
EPS(TTM)3.67
EY7.8%
EPS(NY)3.19
Fwd EY6.77%
FCF(TTM)-0.5
FCFYN/A
OCF(TTM)7.08
OCFY15.04%
SpS18.51
BVpS19.39
TBVpS19.39
PEG (NY)4.3
PEG (5Y)0.76
Graham Number40.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.78% | ||
| ROE | 16.45% | ||
| ROCE | 13.3% | ||
| ROIC | 10.43% | ||
| ROICexc | 10.44% | ||
| ROICexgc | 10.44% | ||
| OM | 26.62% | ||
| PM (TTM) | 17.23% | ||
| GM | 48.85% | ||
| FCFM | N/A |
ROA(3y)10.79%
ROA(5y)8.36%
ROE(3y)21.6%
ROE(5y)16.84%
ROIC(3y)13.06%
ROIC(5y)N/A
ROICexc(3y)13.27%
ROICexc(5y)N/A
ROICexgc(3y)13.27%
ROICexgc(5y)N/A
ROCE(3y)16.66%
ROCE(5y)N/A
ROICexgc growth 3Y-2.66%
ROICexgc growth 5Y10.27%
ROICexc growth 3Y-2.66%
ROICexc growth 5Y10.27%
OM growth 3Y-4.83%
OM growth 5Y2.21%
PM growth 3Y-12.43%
PM growth 5Y-6.28%
GM growth 3Y-3.13%
GM growth 5Y-1.06%
F-Score5
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.93 | ||
| Cap/Depr | 180.69% | ||
| Cap/Sales | 40.92% | ||
| Interest Coverage | 12.17 | ||
| Cash Conversion | 77.63% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.53 | ||
| Altman-Z | 2.61 |
F-Score5
WACC7.14%
ROIC/WACC1.46
Cap/Depr(3y)121.37%
Cap/Depr(5y)96.99%
Cap/Sales(3y)22.2%
Cap/Sales(5y)19.34%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-0.83%
EPS 3Y4.92%
EPS 5Y16.79%
EPS Q2Q%-9.89%
EPS Next Y2.99%
EPS Next 2Y-4.08%
EPS Next 3Y8.68%
EPS Next 5Y17.58%
Revenue 1Y (TTM)8.06%
Revenue growth 3Y5.86%
Revenue growth 5Y9.29%
Sales Q2Q%9.55%
Revenue Next Year5.99%
Revenue Next 2Y1.01%
Revenue Next 3Y2.64%
Revenue Next 5Y1.31%
EBIT growth 1Y3.24%
EBIT growth 3Y0.75%
EBIT growth 5Y11.71%
EBIT Next Year114.69%
EBIT Next 3Y28.54%
EBIT Next 5Y18.38%
FCF growth 1Y-114.97%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y22.25%
OCF growth 3Y-2.58%
OCF growth 5Y8.68%
CANADIAN NATURAL RESOURCES / CNQ.CA FAQ
Can you provide the ChartMill fundamental rating for CANADIAN NATURAL RESOURCES?
ChartMill assigns a fundamental rating of 5 / 10 to CNQ.CA.
What is the valuation status for CNQ stock?
ChartMill assigns a valuation rating of 5 / 10 to CANADIAN NATURAL RESOURCES (CNQ.CA). This can be considered as Fairly Valued.
What is the profitability of CNQ stock?
CANADIAN NATURAL RESOURCES (CNQ.CA) has a profitability rating of 8 / 10.
Can you provide the financial health for CNQ stock?
The financial health rating of CANADIAN NATURAL RESOURCES (CNQ.CA) is 3 / 10.
Can you provide the dividend sustainability for CNQ stock?
The dividend rating of CANADIAN NATURAL RESOURCES (CNQ.CA) is 7 / 10 and the dividend payout ratio is 71.45%.