CANADIAN NATURAL RESOURCES (CNQ) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CNQ - CA1363851017 - Common Stock
35.49 USD
-0.48 (-1.33%)
35.49 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to CNQ. CNQ was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. While CNQ is still in line with the averages on profitability rating, 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.
- CNQ had a positive operating cash flow in the past year.
- CNQ had positive earnings in 4 of the past 5 years.
- CNQ had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 7.78%, CNQ belongs to the top of the industry, outperforming 80.19% of the companies in the same industry.
- The Return On Equity of CNQ (16.45%) is better than 81.16% of its industry peers.
- The Return On Invested Capital of CNQ (10.43%) is better than 85.51% of its industry peers.
- CNQ had an Average Return On Invested Capital over the past 3 years of 13.06%. This is significantly below the industry average of 21.94%.
| 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
- CNQ has a Profit Margin of 17.23%. This is in the better half of the industry: CNQ outperforms 71.01% of its industry peers.
- CNQ's Profit Margin has declined in the last couple of years.
- CNQ has a better Operating Margin (26.62%) than 67.15% of its industry peers.
- In the last couple of years the Operating Margin of CNQ has grown nicely.
- CNQ has a Gross Margin of 48.85%. This is comparable to the rest of the industry: CNQ outperforms 58.94% 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CNQ is creating some value.
- Compared to 1 year ago, CNQ has less shares outstanding
- The number of shares outstanding for CNQ has been reduced compared to 5 years ago.
- Compared to 1 year ago, CNQ has a worse debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 2.68 indicates that CNQ is not a great score, but indicates only limited risk for bankruptcy at the moment.
- The Altman-Z score of CNQ (2.68) is better than 76.33% of its industry peers.
- A Debt/Equity ratio of 0.44 indicates that CNQ is not too dependend on debt financing.
- CNQ's Debt to Equity ratio of 0.44 is in line compared to the rest of the industry. CNQ outperforms 53.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.68 |
ROIC/WACC1.43
WACC7.29%
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 of 0.86. This is in the lower half of the industry: CNQ underperforms 63.77% of its industry peers.
- A Quick Ratio of 0.53 indicates that CNQ may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.53, CNQ is doing worse than 80.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
- The earnings per share for CNQ have decreased by -1.21% in the last year.
- Measured over the past years, CNQ shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.79% on average per year.
- Looking at the last year, CNQ shows a quite strong growth in Revenue. The Revenue has grown by 8.06% in the last year.
- Measured over the past years, CNQ shows a quite strong growth in Revenue. The Revenue has been growing by 9.29% on average per year.
EPS 1Y (TTM)-1.21%
EPS 3Y4.92%
EPS 5Y16.79%
EPS Q2Q%-11.34%
Revenue 1Y (TTM)8.06%
Revenue growth 3Y5.86%
Revenue growth 5Y9.29%
Sales Q2Q%7.01%
3.2 Future
- Based on estimates for the next years, CNQ will show a small growth in Earnings Per Share. The EPS will grow by 0.19% on average per year.
- CNQ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.12% yearly.
EPS Next Y-1.65%
EPS Next 2Y-4.46%
EPS Next 3Y4.48%
EPS Next 5Y0.19%
Revenue Next Year6.9%
Revenue Next 2Y1.78%
Revenue Next 3Y1.68%
Revenue Next 5Y1.12%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less 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
- With a Price/Earnings ratio of 13.39, CNQ is valued correctly.
- Compared to the rest of the industry, the Price/Earnings ratio of CNQ indicates a somewhat cheap valuation: CNQ is cheaper than 63.77% of the companies listed in the same industry.
- CNQ's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.32.
- Based on the Price/Forward Earnings ratio of 15.48, the valuation of CNQ can be described as correct.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of CNQ is on the same level as its industry peers.
- CNQ is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.30, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.39 | ||
| Fwd PE | 15.48 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, CNQ is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.41 |
4.3 Compensation for Growth
- The decent profitability rating of CNQ may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.8
EPS Next 2Y-4.46%
EPS Next 3Y4.48%
5. Dividend
5.1 Amount
- CNQ has a Yearly Dividend Yield of 4.95%, which is a nice return.
- CNQ's Dividend Yield is a higher than the industry average which is at 3.75.
- Compared to an average S&P500 Dividend Yield of 1.86, CNQ pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.95% |
5.2 History
- On average, the dividend of CNQ grows each year by 23.37%, which is quite nice.
- 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
- 71.45% of the earnings are spent on dividend by CNQ. This is not a sustainable payout ratio.
- The dividend of CNQ is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP71.45%
EPS Next 2Y-4.46%
EPS Next 3Y4.48%
35.49
-0.48 (-1.33%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-06 2025-11-06/bmo
Earnings (Next)03-04 2026-03-04/amc
Inst Owners75.5%
Inst Owner Change-0.01%
Ins Owners2.22%
Ins Owner ChangeN/A
Market Cap73.93B
Revenue(TTM)38.62B
Net Income(TTM)6.66B
Analysts73.6
Price Target38.85 (9.47%)
Short Float %3.6%
Short Ratio8.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.95% |
Yearly Dividend1.5
Dividend Growth(5Y)23.37%
DP71.45%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.33%
Min EPS beat(2)-0.27%
Max EPS beat(2)12.93%
EPS beat(4)2
Avg EPS beat(4)5.29%
Min EPS beat(4)-0.9%
Max EPS beat(4)12.93%
EPS beat(8)5
Avg EPS beat(8)4.49%
EPS beat(12)7
Avg EPS beat(12)3.16%
EPS beat(16)11
Avg EPS beat(16)4.12%
Revenue beat(2)0
Avg Revenue beat(2)-2.62%
Min Revenue beat(2)-2.64%
Max Revenue beat(2)-2.6%
Revenue beat(4)2
Avg Revenue beat(4)0.33%
Min Revenue beat(4)-2.64%
Max Revenue beat(4)4.16%
Revenue beat(8)4
Avg Revenue beat(8)0.16%
Revenue beat(12)8
Avg Revenue beat(12)1.3%
Revenue beat(16)12
Avg Revenue beat(16)5.3%
PT rev (1m)0.19%
PT rev (3m)1.02%
EPS NQ rev (1m)-4.18%
EPS NQ rev (3m)-15.23%
EPS NY rev (1m)-1.47%
EPS NY rev (3m)-1.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.63%
Revenue NY rev (1m)1.05%
Revenue NY rev (3m)-0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.39 | ||
| Fwd PE | 15.48 | ||
| P/S | 2.64 | ||
| P/FCF | N/A | ||
| P/OCF | 6.9 | ||
| P/B | 2.52 | ||
| P/tB | 2.52 | ||
| EV/EBITDA | 6.41 |
EPS(TTM)2.65
EY7.47%
EPS(NY)2.29
Fwd EY6.46%
FCF(TTM)-0.36
FCFYN/A
OCF(TTM)5.14
OCFY14.48%
SpS13.44
BVpS14.08
TBVpS14.08
PEG (NY)N/A
PEG (5Y)0.8
Graham Number28.98
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 | 2.68 |
F-Score5
WACC7.29%
ROIC/WACC1.43
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)-1.21%
EPS 3Y4.92%
EPS 5Y16.79%
EPS Q2Q%-11.34%
EPS Next Y-1.65%
EPS Next 2Y-4.46%
EPS Next 3Y4.48%
EPS Next 5Y0.19%
Revenue 1Y (TTM)8.06%
Revenue growth 3Y5.86%
Revenue growth 5Y9.29%
Sales Q2Q%7.01%
Revenue Next Year6.9%
Revenue Next 2Y1.78%
Revenue Next 3Y1.68%
Revenue Next 5Y1.12%
EBIT growth 1Y3.24%
EBIT growth 3Y0.75%
EBIT growth 5Y11.71%
EBIT Next Year109.23%
EBIT Next 3Y29.54%
EBIT Next 5Y16.5%
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 FAQ
Can you provide the ChartMill fundamental rating for CANADIAN NATURAL RESOURCES?
ChartMill assigns a fundamental rating of 4 / 10 to CNQ.
Can you provide the valuation status for CANADIAN NATURAL RESOURCES?
ChartMill assigns a valuation rating of 4 / 10 to CANADIAN NATURAL RESOURCES (CNQ). This can be considered as Fairly Valued.
What is the profitability of CNQ stock?
CANADIAN NATURAL RESOURCES (CNQ) has a profitability rating of 6 / 10.
What are the PE and PB ratios of CANADIAN NATURAL RESOURCES (CNQ) stock?
The Price/Earnings (PE) ratio for CANADIAN NATURAL RESOURCES (CNQ) is 13.39 and the Price/Book (PB) ratio is 2.52.
What is the financial health of CANADIAN NATURAL RESOURCES (CNQ) stock?
The financial health rating of CANADIAN NATURAL RESOURCES (CNQ) is 3 / 10.