CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) Stock Fundamental Analysis
TSX:CVE-PR-A - Toronto Stock Exchange - CA15135U3073 - Currency: CAD
Overall CVE-PR-A gets a fundamental rating of 6 out of 10. We evaluated CVE-PR-A against 214 industry peers in the Oil, Gas & Consumable Fuels industry. CVE-PR-A has an average financial health and profitability rating. CVE-PR-A has a decent growth rate and is not valued too expensively. CVE-PR-A also has an excellent dividend rating. These ratings could make CVE-PR-A a good candidate for dividend investing.
1. Profitability
1.1 Basic Checks
CVE-PR-A had positive earnings in the past year.
CVE-PR-A had a positive operating cash flow in the past year.
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.
1.2 Ratios
The Return On Assets of CVE-PR-A (4.95%) is better than 78.50% of its industry peers.
CVE-PR-A's Return On Equity of 9.30% is fine compared to the rest of the industry. CVE-PR-A outperforms 73.83% of its industry peers.
The Return On Invested Capital of CVE-PR-A (7.38%) is better than 77.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CVE-PR-A is above the industry average of 7.31%.
The last Return On Invested Capital (7.38%) for CVE-PR-A is well below the 3 year average (11.92%), which needs to be investigated, but indicates that CVE-PR-A had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.95% | ||
| ROE | 9.3% | ||
| ROIC | 7.38% |
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-PR-A has a Profit Margin (5.15%) which is in line with its industry peers.
CVE-PR-A's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 8.54%, CVE-PR-A perfoms like the industry average, outperforming 52.34% of the companies in the same industry.
CVE-PR-A's Operating Margin has improved in the last couple of years.
CVE-PR-A has a Gross Margin (32.07%) which is comparable to the rest of the industry.
CVE-PR-A's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.54% | ||
| PM (TTM) | 5.15% | ||
| GM | 32.07% |
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-PR-A has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
CVE-PR-A has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CVE-PR-A has more shares outstanding
CVE-PR-A has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.56 indicates that CVE-PR-A is not a great score, but indicates only limited risk for bankruptcy at the moment.
CVE-PR-A has a Altman-Z score of 2.56. This is in the better half of the industry: CVE-PR-A outperforms 74.77% of its industry peers.
CVE-PR-A has a debt to FCF ratio of 3.53. This is a good value and a sign of high solvency as CVE-PR-A would need 3.53 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.53, CVE-PR-A is in the better half of the industry, outperforming 78.04% of the companies in the same industry.
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 (0.34) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 3.53 | ||
| Altman-Z | 2.56 |
ROIC/WACC0.92
WACC8.02%
2.3 Liquidity
CVE-PR-A has a Current Ratio of 1.46. 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.
With a decent Current ratio value of 1.46, CVE-PR-A is doing good in the industry, outperforming 70.56% of the companies in the same industry.
A Quick Ratio of 0.84 indicates that CVE-PR-A may have some problems paying its short term obligations.
CVE-PR-A's Quick ratio of 0.84 is fine compared to the rest of the industry. CVE-PR-A outperforms 61.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.46 | ||
| Quick Ratio | 0.84 |
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 -38.43%.
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 small growth in Revenue. The Revenue has grown by 1.57% in the last year.
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)-38.43%
EPS 3Y87.2%
EPS 5Y33.97%
EPS Q2Q%-24.19%
Revenue 1Y (TTM)1.57%
Revenue growth 3Y5.4%
Revenue growth 5Y21.88%
Sales Q2Q%-0.73%
3.2 Future
The Earnings Per Share is expected to grow by 19.52% on average over the next years. This is quite good.
The Revenue is expected to decrease by -5.74% on average over the next years.
EPS Next Y6.62%
EPS Next 2Y18.58%
EPS Next 3Y19.52%
EPS Next 5YN/A
Revenue Next Year-8.98%
Revenue Next 2Y-4.96%
Revenue Next 3Y-5.74%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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
The Price/Earnings ratio is 16.03, which indicates a correct valuation of CVE-PR-A.
Based on the Price/Earnings ratio, CVE-PR-A is valued a bit cheaper than the industry average as 61.68% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of CVE-PR-A to the average of the S&P500 Index (27.19), we can say CVE-PR-A is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 10.36, the valuation of CVE-PR-A can be described as reasonable.
CVE-PR-A's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CVE-PR-A is cheaper than 60.28% of the companies in the same industry.
CVE-PR-A is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.33, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.03 | ||
| Fwd PE | 10.36 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CVE-PR-A is valued a bit cheaper than the industry average as 79.91% of the companies are valued more expensively.
69.16% of the companies in the same industry are more expensive than CVE-PR-A, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.15 | ||
| EV/EBITDA | 5.29 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CVE-PR-A does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of CVE-PR-A may justify a higher PE ratio.
A more expensive valuation may be justified as CVE-PR-A's earnings are expected to grow with 19.52% in the coming years.
PEG (NY)2.42
PEG (5Y)0.47
EPS Next 2Y18.58%
EPS Next 3Y19.52%
5. Dividend
5.1 Amount
CVE-PR-A has a Yearly Dividend Yield of 4.07%, which is a nice return.
Compared to an average industry Dividend Yield of 6.24, CVE-PR-A pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, CVE-PR-A pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.07% |
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 paid a dividend for at least 10 years, which is a reliable track record.
As CVE-PR-A did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)31.72%
Div Incr Years0
Div Non Decr Years7
5.3 Sustainability
CVE-PR-A pays out 57.77% of its income as dividend. 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.
DP57.77%
EPS Next 2Y18.58%
EPS Next 3Y19.52%
CENOVUS ENERGY INC - CVECN 2.404 PERP
TSX:CVE-PR-A (7/14/2025, 7:00:00 PM)
23.88
+0.12 (+0.51%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners52.31%
Inst Owner ChangeN/A
Ins Owners0.66%
Ins Owner ChangeN/A
Market Cap43.21B
Analysts79.09
Price Target31.36 (31.32%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.07% |
Yearly Dividend0.84
Dividend Growth(5Y)31.72%
DP57.77%
Div Incr Years0
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-23.65%
Min EPS beat(2)-72.97%
Max EPS beat(2)25.67%
EPS beat(4)1
Avg EPS beat(4)-18.6%
Min EPS beat(4)-72.97%
Max EPS beat(4)25.67%
EPS beat(8)4
Avg EPS beat(8)-6.58%
EPS beat(12)6
Avg EPS beat(12)-10.49%
EPS beat(16)7
Avg EPS beat(16)-21.6%
Revenue beat(2)0
Avg Revenue beat(2)-7.93%
Min Revenue beat(2)-10.43%
Max Revenue beat(2)-5.43%
Revenue beat(4)2
Avg Revenue beat(4)-0.71%
Min Revenue beat(4)-10.43%
Max Revenue beat(4)9.24%
Revenue beat(8)4
Avg Revenue beat(8)-0.09%
Revenue beat(12)7
Avg Revenue beat(12)5.76%
Revenue beat(16)11
Avg Revenue beat(16)6.01%
PT rev (1m)-10.26%
PT rev (3m)-9.85%
EPS NQ rev (1m)-11.21%
EPS NQ rev (3m)-41.38%
EPS NY rev (1m)0%
EPS NY rev (3m)-15.42%
Revenue NQ rev (1m)-1.94%
Revenue NQ rev (3m)-1.51%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.03 | ||
| Fwd PE | 10.36 | ||
| P/S | 0.8 | ||
| P/FCF | 14.15 | ||
| P/OCF | 5.23 | ||
| P/B | 1.44 | ||
| P/tB | 1.59 | ||
| EV/EBITDA | 5.29 |
EPS(TTM)1.49
EY6.24%
EPS(NY)2.31
Fwd EY9.66%
FCF(TTM)1.69
FCFY7.07%
OCF(TTM)4.57
OCFY19.12%
SpS29.94
BVpS16.6
TBVpS14.98
PEG (NY)2.42
PEG (5Y)0.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.95% | ||
| ROE | 9.3% | ||
| ROCE | 9.36% | ||
| ROIC | 7.38% | ||
| ROICexc | 7.81% | ||
| ROICexgc | 8.33% | ||
| OM | 8.54% | ||
| PM (TTM) | 5.15% | ||
| GM | 32.07% | ||
| FCFM | 5.64% |
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
ROICexcg growth 3Y-0.51%
ROICexcg 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-Score4
Asset Turnover0.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 3.53 | ||
| Debt/EBITDA | 1.06 | ||
| Cap/Depr | 104.37% | ||
| Cap/Sales | 9.61% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 85.89% | ||
| Profit Quality | 109.35% | ||
| Current Ratio | 1.46 | ||
| Quick Ratio | 0.84 | ||
| Altman-Z | 2.56 |
F-Score4
WACC8.02%
ROIC/WACC0.92
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)-38.43%
EPS 3Y87.2%
EPS 5Y33.97%
EPS Q2Q%-24.19%
EPS Next Y6.62%
EPS Next 2Y18.58%
EPS Next 3Y19.52%
EPS Next 5YN/A
Revenue 1Y (TTM)1.57%
Revenue growth 3Y5.4%
Revenue growth 5Y21.88%
Sales Q2Q%-0.73%
Revenue Next Year-8.98%
Revenue Next 2Y-4.96%
Revenue Next 3Y-5.74%
Revenue Next 5YN/A
EBIT growth 1Y-29.74%
EBIT growth 3Y1.79%
EBIT growth 5Y24.73%
EBIT Next Year96.04%
EBIT Next 3Y23.1%
EBIT Next 5Y16.96%
FCF growth 1Y-46.33%
FCF growth 3Y7.94%
FCF growth 5Y14.96%
OCF growth 1Y-15.29%
OCF growth 3Y15.98%
OCF growth 5Y22.96%