CENOVUS ENERGY INC - CVECN 2.404 PERP (CVE-PR-A.CA) Stock Fundamental Analysis
TSX:CVE-PR-A - Toronto Stock Exchange - CA15135U3073 - Currency: CAD
We assign a fundamental rating of 5 out of 10 to CVE-PR-A. CVE-PR-A was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. CVE-PR-A has only an average score on both its financial health and profitability. CVE-PR-A is not valued too expensively and it also shows a decent growth rate.
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.
Of the past 5 years CVE-PR-A 4 years were profitable.
In the past 5 years CVE-PR-A always reported a positive cash flow from operatings.
1.2 Ratios
CVE-PR-A's Return On Assets of 4.95% is fine compared to the rest of the industry. CVE-PR-A outperforms 77.36% of its industry peers.
CVE-PR-A has a Return On Equity of 9.30%. This is in the better half of the industry: CVE-PR-A outperforms 73.11% of its industry peers.
CVE-PR-A has a Return On Invested Capital of 7.38%. This is in the better half of the industry: CVE-PR-A outperforms 76.89% of its industry peers.
CVE-PR-A had an Average Return On Invested Capital over the past 3 years of 11.92%. This is above the industry average of 7.33%.
The 3 year average ROIC (11.92%) for CVE-PR-A is well above the current ROIC(7.38%). The reason for the recent decline needs to be investigated.
| 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's Profit Margin of 5.15% is in line compared to the rest of the industry. CVE-PR-A outperforms 57.08% of 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 8.54%. This is comparable to the rest of the industry: CVE-PR-A outperforms 51.42% of its industry peers.
In the last couple of years the Operating Margin of CVE-PR-A has grown nicely.
The Gross Margin of CVE-PR-A (32.07%) 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CVE-PR-A is still creating some value.
Compared to 1 year ago, CVE-PR-A has less shares outstanding
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 2.55 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 2.55. This is in the better half of the industry: CVE-PR-A outperforms 74.06% 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 78.77% 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.
CVE-PR-A's Debt to Equity ratio of 0.34 is in line compared to the rest of the industry. CVE-PR-A outperforms 54.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 3.53 | ||
| Altman-Z | 2.55 |
ROIC/WACC0.91
WACC8.07%
2.3 Liquidity
A Current Ratio of 1.46 indicates that CVE-PR-A should not have too much problems paying its short term obligations.
CVE-PR-A has a Current ratio of 1.46. This is in the better half of the industry: CVE-PR-A outperforms 71.70% of its industry peers.
CVE-PR-A has a Quick Ratio of 1.46. 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 (0.84) is better than 61.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.46 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
The earnings per share for CVE-PR-A have decreased strongly by -38.43% in the last year.
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
CVE-PR-A is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.52% yearly.
Based on estimates for the next years, CVE-PR-A will show a decrease in Revenue. The Revenue will decrease by -5.74% on average per year.
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
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
With a Price/Earnings ratio of 15.77, CVE-PR-A is valued correctly.
61.79% of the companies in the same industry are more expensive than CVE-PR-A, based on the Price/Earnings ratio.
CVE-PR-A is valuated rather cheaply when we compare the Price/Earnings ratio to 26.65, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 10.19, which indicates a very decent 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 60.38% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.27, CVE-PR-A is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.77 | ||
| Fwd PE | 10.19 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CVE-PR-A is valued cheaply inside the industry as 81.13% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, CVE-PR-A is valued a bit cheaper than 66.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.03 | ||
| EV/EBITDA | 5.25 |
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 CVE-PR-A may justify a higher PE ratio.
CVE-PR-A's earnings are expected to grow with 19.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.38
PEG (5Y)0.46
EPS Next 2Y18.58%
EPS Next 3Y19.52%
5. Dividend
5.1 Amount
CVE-PR-A has a Yearly Dividend Yield of 2.73%.
CVE-PR-A's Dividend Yield is a higher than the industry average which is at 6.21.
Compared to an average S&P500 Dividend Yield of 2.44, CVE-PR-A has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
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.
CVE-PR-A has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
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.
CVE-PR-A's earnings are growing slower than its dividend. 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 (6/23/2025, 7:00:00 PM)
23.5
-0.11 (-0.44%)
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 Cap42.83B
Analysts79.09
Price Target31.36 (33.45%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
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)-14.81%
PT rev (3m)-7.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-43.61%
EPS NY rev (1m)0%
EPS NY rev (3m)-19.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.43%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.77 | ||
| Fwd PE | 10.19 | ||
| P/S | 0.79 | ||
| P/FCF | 14.03 | ||
| P/OCF | 5.18 | ||
| P/B | 1.43 | ||
| P/tB | 1.58 | ||
| EV/EBITDA | 5.25 |
EPS(TTM)1.49
EY6.34%
EPS(NY)2.31
Fwd EY9.81%
FCF(TTM)1.68
FCFY7.13%
OCF(TTM)4.53
OCFY19.29%
SpS29.73
BVpS16.48
TBVpS14.87
PEG (NY)2.38
PEG (5Y)0.46
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 | 2.55 |
F-Score4
WACC8.07%
ROIC/WACC0.91
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 5Y16.97%
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%