CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) Stock Fundamental Analysis
Canada - TSX:CVE-PR-A - CA15135U3073
24.01 CAD
-0.27 (-1.11%)
Overall CVE-PR-A gets a fundamental rating of 5 out of 10. We evaluated CVE-PR-A against 212 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of CVE-PR-A get a neutral evaluation. Nothing too spectacular is happening here. CVE-PR-A has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year CVE-PR-A was profitable.
In the past year CVE-PR-A had a positive cash flow from operations.
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
CVE-PR-A has a Return On Assets of 4.74%. This is in the better half of the industry: CVE-PR-A outperforms 77.31% of its industry peers.
CVE-PR-A has a better Return On Equity (9.01%) than 65.28% of its industry peers.
The Return On Invested Capital of CVE-PR-A (6.17%) is better than 76.85% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CVE-PR-A is significantly above the industry average of 6.85%.
The 3 year average ROIC (11.92%) for CVE-PR-A is well above the current ROIC(6.17%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.74% | ||
| ROE | 9.01% | ||
| ROIC | 6.17% |
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 (5.13%) which is in line with its industry peers.
CVE-PR-A's Profit Margin has declined in the last couple of years.
CVE-PR-A has a Operating Margin of 7.37%. This is comparable to the rest of the industry: CVE-PR-A outperforms 51.39% of its industry peers.
CVE-PR-A's Operating Margin has improved in the last couple of years.
The Gross Margin of CVE-PR-A (31.62%) 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 | 7.37% | ||
| PM (TTM) | 5.13% | ||
| GM | 31.62% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CVE-PR-A is 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.
Compared to 1 year ago, CVE-PR-A has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.46 indicates that CVE-PR-A is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of CVE-PR-A (2.46) is better than 73.15% of its industry peers.
CVE-PR-A has a debt to FCF ratio of 3.52. This is a good value and a sign of high solvency as CVE-PR-A would need 3.52 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 3.52, CVE-PR-A belongs to the best of the industry, outperforming 84.72% of the companies in the same industry.
CVE-PR-A has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of CVE-PR-A (0.34) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 3.52 | ||
| Altman-Z | 2.46 |
ROIC/WACC0.8
WACC7.67%
2.3 Liquidity
CVE-PR-A has a Current Ratio of 1.32. 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 Current ratio, with a value of 1.32, CVE-PR-A is in the better half of the industry, outperforming 67.13% of the companies in the same industry.
CVE-PR-A has a Quick Ratio of 1.32. This is a bad value and indicates that CVE-PR-A is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CVE-PR-A (0.78) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
The earnings per share for CVE-PR-A have decreased strongly by -43.82% in the last year.
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 -7.82%.
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)-43.82%
EPS 3Y87.2%
EPS 5Y33.97%
EPS Q2Q%-15.09%
Revenue 1Y (TTM)-7.82%
Revenue growth 3Y5.4%
Revenue growth 5Y21.88%
Sales Q2Q%-17.24%
3.2 Future
The Earnings Per Share is expected to grow by 23.27% on average over the next years. This is a very strong growth
Based on estimates for the next years, CVE-PR-A will show a decrease in Revenue. The Revenue will decrease by -4.67% on average per year.
EPS Next Y-1.37%
EPS Next 2Y-2.47%
EPS Next 3Y13.54%
EPS Next 5Y23.27%
Revenue Next Year-8.75%
Revenue Next 2Y-6.1%
Revenue Next 3Y-4.67%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.03, the valuation of CVE-PR-A can be described as rather expensive.
CVE-PR-A's Price/Earnings ratio is a bit cheaper when compared to the industry. CVE-PR-A is cheaper than 63.89% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.86. CVE-PR-A is valued slightly cheaper when compared to this.
CVE-PR-A is valuated correctly with a Price/Forward Earnings ratio of 15.39.
Based on the Price/Forward Earnings ratio, CVE-PR-A is valued a bit cheaper than the industry average as 60.19% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.32, CVE-PR-A is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.03 | ||
| Fwd PE | 15.39 |
4.2 Price Multiples
84.26% of the companies in the same industry are more expensive than CVE-PR-A, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, CVE-PR-A is valued a bit cheaper than 68.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.42 | ||
| EV/EBITDA | 5.78 |
4.3 Compensation for Growth
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 13.54% in the coming years.
PEG (NY)N/A
PEG (5Y)0.5
EPS Next 2Y-2.47%
EPS Next 3Y13.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.43%, 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 6.78.
Compared to an average S&P500 Dividend Yield of 2.44, CVE-PR-A pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.43% |
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 52.38% 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.
DP52.38%
EPS Next 2Y-2.47%
EPS Next 3Y13.54%
CENOVUS ENERGY INC - CVECN 2.404 PERP
TSX:CVE-PR-A (10/3/2025, 7:00:00 PM)
24.01
-0.27 (-1.11%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners51.38%
Inst Owner ChangeN/A
Ins Owners0.67%
Ins Owner ChangeN/A
Market Cap42.91B
Analysts80
Price Target28.07 (16.91%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.43% |
Yearly Dividend0.84
Dividend Growth(5Y)31.72%
DP52.38%
Div Incr Years0
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)101.63%
Min EPS beat(2)25.67%
Max EPS beat(2)177.6%
EPS beat(4)2
Avg EPS beat(4)31.19%
Min EPS beat(4)-72.97%
Max EPS beat(4)177.6%
EPS beat(8)4
Avg EPS beat(8)15.06%
EPS beat(12)6
Avg EPS beat(12)3.89%
EPS beat(16)8
Avg EPS beat(16)-6.48%
Revenue beat(2)0
Avg Revenue beat(2)-4.79%
Min Revenue beat(2)-5.43%
Max Revenue beat(2)-4.15%
Revenue beat(4)1
Avg Revenue beat(4)-4.06%
Min Revenue beat(4)-10.43%
Max Revenue beat(4)3.8%
Revenue beat(8)4
Avg Revenue beat(8)-0.2%
Revenue beat(12)6
Avg Revenue beat(12)3.13%
Revenue beat(16)10
Avg Revenue beat(16)5.12%
PT rev (1m)-7.52%
PT rev (3m)-10.49%
EPS NQ rev (1m)16.36%
EPS NQ rev (3m)49.38%
EPS NY rev (1m)-2.8%
EPS NY rev (3m)-7.49%
Revenue NQ rev (1m)4%
Revenue NQ rev (3m)3.46%
Revenue NY rev (1m)2.51%
Revenue NY rev (3m)0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.03 | ||
| Fwd PE | 15.39 | ||
| P/S | 0.83 | ||
| P/FCF | 14.42 | ||
| P/OCF | 5.24 | ||
| P/B | 1.46 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | 5.78 |
EPS(TTM)1.41
EY5.87%
EPS(NY)1.56
Fwd EY6.5%
FCF(TTM)1.66
FCFY6.93%
OCF(TTM)4.58
OCFY19.09%
SpS28.88
BVpS16.45
TBVpS14.81
PEG (NY)N/A
PEG (5Y)0.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.74% | ||
| ROE | 9.01% | ||
| ROCE | 7.82% | ||
| ROIC | 6.17% | ||
| ROICexc | 6.51% | ||
| ROICexgc | 6.95% | ||
| OM | 7.37% | ||
| PM (TTM) | 5.13% | ||
| GM | 31.62% | ||
| FCFM | 5.76% |
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 Turnover0.92
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 3.52 | ||
| Debt/EBITDA | 1.14 | ||
| Cap/Depr | 105.59% | ||
| Cap/Sales | 10.11% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 93.66% | ||
| Profit Quality | 112.35% | ||
| Current Ratio | 1.32 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z | 2.46 |
F-Score4
WACC7.67%
ROIC/WACC0.8
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)-43.82%
EPS 3Y87.2%
EPS 5Y33.97%
EPS Q2Q%-15.09%
EPS Next Y-1.37%
EPS Next 2Y-2.47%
EPS Next 3Y13.54%
EPS Next 5Y23.27%
Revenue 1Y (TTM)-7.82%
Revenue growth 3Y5.4%
Revenue growth 5Y21.88%
Sales Q2Q%-17.24%
Revenue Next Year-8.75%
Revenue Next 2Y-6.1%
Revenue Next 3Y-4.67%
Revenue Next 5YN/A
EBIT growth 1Y-45.73%
EBIT growth 3Y1.79%
EBIT growth 5Y24.73%
EBIT Next Year99.31%
EBIT Next 3Y27.11%
EBIT Next 5Y17.19%
FCF growth 1Y-34.2%
FCF growth 3Y7.94%
FCF growth 5Y14.96%
OCF growth 1Y-6.52%
OCF growth 3Y15.98%
OCF growth 5Y22.96%