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

Canada - Toronto Stock Exchange - TSX:CVE-PR-A - CA15135U3073

24.4 CAD
0 (0%)
Last: 12/18/2025, 7:00:00 PM
Fundamental Rating

6

Overall CVE-PR-A gets a fundamental rating of 6 out of 10. We evaluated CVE-PR-A against 211 industry peers in the Oil, Gas & Consumable Fuels industry. While CVE-PR-A has a great profitability rating, there are some minor concerns on its financial health. CVE-PR-A has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year CVE-PR-A was profitable.
CVE-PR-A had a positive operating cash flow in the past year.
Of the past 5 years CVE-PR-A 4 years were profitable.
CVE-PR-A had a positive operating cash flow in each of the past 5 years.
CVE-PR-A.CA Yearly Net Income VS EBIT VS OCF VS FCFCVE-PR-A.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B

1.2 Ratios

CVE-PR-A has a Return On Assets of 5.83%. This is amongst the best in the industry. CVE-PR-A outperforms 86.06% of its industry peers.
CVE-PR-A's Return On Equity of 11.00% is amongst the best of the industry. CVE-PR-A outperforms 81.25% of its industry peers.
The Return On Invested Capital of CVE-PR-A (7.09%) is better than 83.17% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CVE-PR-A is significantly above the industry average of 6.57%.
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 RankSector 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
CVE-PR-A.CA Yearly ROA, ROE, ROICCVE-PR-A.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

The Profit Margin of CVE-PR-A (6.17%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of CVE-PR-A has declined.
CVE-PR-A has a Operating Margin (8.46%) which is in line with its industry peers.
CVE-PR-A's Operating Margin has improved in the last couple of years.
CVE-PR-A's Gross Margin of 33.16% is in line compared to the rest of the industry. CVE-PR-A outperforms 52.40% of its industry peers.
In the last couple of years the Gross Margin of CVE-PR-A has declined.
Industry RankSector 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%
CVE-PR-A.CA Yearly Profit, Operating, Gross MarginsCVE-PR-A.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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6

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CVE-PR-A is still creating some value.
CVE-PR-A has less shares outstanding than it did 1 year ago.
The number of shares outstanding for CVE-PR-A has been increased compared to 5 years ago.
CVE-PR-A has a worse debt/assets ratio than last year.
CVE-PR-A.CA Yearly Shares OutstandingCVE-PR-A.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
CVE-PR-A.CA Yearly Total Debt VS Total AssetsCVE-PR-A.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

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.
The Altman-Z score of CVE-PR-A (2.72) is better than 78.37% of its industry peers.
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 has a better Debt to FCF ratio (3.55) than 83.65% 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.
Looking at the Debt to Equity ratio, with a value of 0.34, CVE-PR-A is in line with its industry, outperforming 56.25% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 3.55
Altman-Z 2.72
ROIC/WACC0.96
WACC7.37%
CVE-PR-A.CA Yearly LT Debt VS Equity VS FCFCVE-PR-A.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B

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 75.96% of its industry peers.
CVE-PR-A has a Quick Ratio of 1.18. 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.
Looking at the Quick ratio, with a value of 1.18, CVE-PR-A is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.73
Quick Ratio 1.18
CVE-PR-A.CA Yearly Current Assets VS Current LiabilitesCVE-PR-A.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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5

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%.
Measured over the past years, CVE-PR-A 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

Based on estimates for the next years, CVE-PR-A will show a very strong growth in Earnings Per Share. The EPS will grow by 26.68% on average per year.
The Revenue is expected to decrease by -4.91% on average over the next years.
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

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.
CVE-PR-A.CA Yearly Revenue VS EstimatesCVE-PR-A.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20B 40B 60B
CVE-PR-A.CA Yearly EPS VS EstimatesCVE-PR-A.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 2 -2 4

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6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 14.27, CVE-PR-A is valued correctly.
CVE-PR-A's Price/Earnings ratio is a bit cheaper when compared to the industry. CVE-PR-A is cheaper than 67.31% of the companies in the same industry.
CVE-PR-A's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.39.
A Price/Forward Earnings ratio of 14.50 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 62.02% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.84. CVE-PR-A is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 14.27
Fwd PE 14.5
CVE-PR-A.CA Price Earnings VS Forward Price EarningsCVE-PR-A.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CVE-PR-A indicates a rather cheap valuation: CVE-PR-A is cheaper than 83.65% of the companies listed in the same industry.
CVE-PR-A's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CVE-PR-A is cheaper than 67.79% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.33
EV/EBITDA 5.82
CVE-PR-A.CA Per share dataCVE-PR-A.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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.
The decent profitability rating of CVE-PR-A may justify a higher PE ratio.
PEG (NY)0.52
PEG (5Y)0.42
EPS Next 2Y1.31%
EPS Next 3Y11.15%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.53%, CVE-PR-A has a reasonable but not impressive dividend return.
CVE-PR-A's Dividend Yield is a higher than the industry average which is at 2.90.
Compared to an average S&P500 Dividend Yield of 1.87, CVE-PR-A pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.53%

5.2 History

The dividend of CVE-PR-A is nicely growing with an annual growth rate of 31.72%!
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
CVE-PR-A.CA Yearly Dividends per shareCVE-PR-A.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

CVE-PR-A pays out 45.02% 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.
DP45.02%
EPS Next 2Y1.31%
EPS Next 3Y11.15%
CVE-PR-A.CA Yearly Income VS Free CF VS DividendCVE-PR-A.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B
CVE-PR-A.CA Dividend Payout.CVE-PR-A.CA Dividend Payout, showing the Payout Ratio.CVE-PR-A.CA Dividend Payout.PayoutRetained Earnings

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CENOVUS ENERGY INC - CVECN 2.404 PERP

TSX:CVE-PR-A (12/18/2025, 7:00:00 PM)

24.4

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 Owners53.06%
Inst Owner ChangeN/A
Ins Owners0.63%
Ins Owner ChangeN/A
Market Cap46.12B
Revenue(TTM)50.56B
Net Income(TTM)3.12B
Analysts80
Price Target28.27 (15.86%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.53%
Yearly Dividend0.84
Dividend Growth(5Y)31.72%
DP45.02%
Div Incr Years0
Div Non Decr Years7
Ex-Date12-15 2025-12-15 (0.16106)
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)2.22%
PT rev (3m)0.71%
EPS NQ rev (1m)-4.01%
EPS NQ rev (3m)32.44%
EPS NY rev (1m)18.89%
EPS NY rev (3m)25.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.93%
Revenue NY rev (1m)-1.1%
Revenue NY rev (3m)-1.19%
Valuation
Industry RankSector Rank
PE 14.27
Fwd PE 14.5
P/S 0.91
P/FCF 16.33
P/OCF 5.88
P/B 1.63
P/tB 1.81
EV/EBITDA 5.82
EPS(TTM)1.71
EY7.01%
EPS(NY)1.68
Fwd EY6.9%
FCF(TTM)1.49
FCFY6.12%
OCF(TTM)4.15
OCFY17.02%
SpS26.75
BVpS15.01
TBVpS13.46
PEG (NY)0.52
PEG (5Y)0.42
Graham Number24.03
Profitability
Industry RankSector 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 RankSector 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
WACC7.37%
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 - CVECN 2.404 PERP / CVE-PR-A.CA FAQ

Can you provide the ChartMill fundamental rating for CENOVUS ENERGY INC - CVECN 2.404 PERP?

ChartMill assigns a fundamental rating of 6 / 10 to CVE-PR-A.CA.


What is the valuation status of CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) 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.


What is the earnings growth outlook for CENOVUS ENERGY INC - CVECN 2.404 PERP?

The Earnings per Share (EPS) of CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) is expected to grow by 27.31% in the next year.


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%.