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CENOVUS ENERGY INC - CVECN 3.93 PERP (CVE-PR-B.CA) Stock Fundamental Analysis

Canada - Toronto Stock Exchange - TSX:CVE-PR-B - CA15135U4063

24.49 CAD
-0.25 (-1.01%)
Last: 1/12/2026, 7:00:00 PM
Fundamental Rating

6

Taking everything into account, CVE-PR-B scores 6 out of 10 in our fundamental rating. CVE-PR-B was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. CVE-PR-B scores excellent on profitability, but there are some minor concerns on its financial health. CVE-PR-B 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

CVE-PR-B had positive earnings in the past year.
In the past year CVE-PR-B had a positive cash flow from operations.
CVE-PR-B had positive earnings in 4 of the past 5 years.
In the past 5 years CVE-PR-B always reported a positive cash flow from operatings.
CVE-PR-B.CA Yearly Net Income VS EBIT VS OCF VS FCFCVE-PR-B.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B

1.2 Ratios

The Return On Assets of CVE-PR-B (5.83%) is better than 87.20% of its industry peers.
The Return On Equity of CVE-PR-B (11.00%) is better than 81.99% of its industry peers.
CVE-PR-B's Return On Invested Capital of 7.09% is amongst the best of the industry. CVE-PR-B outperforms 85.31% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CVE-PR-B is significantly above the industry average of 6.52%.
The last Return On Invested Capital (7.09%) for CVE-PR-B is well below the 3 year average (11.92%), which needs to be investigated, but indicates that CVE-PR-B had better years and this may not be a problem.
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-B.CA Yearly ROA, ROE, ROICCVE-PR-B.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

CVE-PR-B has a Profit Margin of 6.17%. This is comparable to the rest of the industry: CVE-PR-B outperforms 59.72% of its industry peers.
CVE-PR-B's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 8.46%, CVE-PR-B perfoms like the industry average, outperforming 55.92% of the companies in the same industry.
CVE-PR-B's Operating Margin has improved in the last couple of years.
CVE-PR-B's Gross Margin of 33.16% is in line compared to the rest of the industry. CVE-PR-B outperforms 53.08% of its industry peers.
CVE-PR-B's Gross Margin has declined in the last couple of years.
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-B.CA Yearly Profit, Operating, Gross MarginsCVE-PR-B.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 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-B is still creating some value.
CVE-PR-B has less shares outstanding than it did 1 year ago.
The number of shares outstanding for CVE-PR-B has been increased compared to 5 years ago.
CVE-PR-B has a worse debt/assets ratio than last year.
CVE-PR-B.CA Yearly Shares OutstandingCVE-PR-B.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
CVE-PR-B.CA Yearly Total Debt VS Total AssetsCVE-PR-B.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

An Altman-Z score of 2.71 indicates that CVE-PR-B is not a great score, but indicates only limited risk for bankruptcy at the moment.
CVE-PR-B has a Altman-Z score of 2.71. This is in the better half of the industry: CVE-PR-B outperforms 78.20% of its industry peers.
The Debt to FCF ratio of CVE-PR-B is 3.55, which is a good value as it means it would take CVE-PR-B, 3.55 years of fcf income to pay off all of its debts.
CVE-PR-B has a better Debt to FCF ratio (3.55) than 82.94% of its industry peers.
CVE-PR-B 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-B (0.34) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 3.55
Altman-Z 2.71
ROIC/WACC0.99
WACC7.17%
CVE-PR-B.CA Yearly LT Debt VS Equity VS FCFCVE-PR-B.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B

2.3 Liquidity

CVE-PR-B has a Current Ratio of 1.73. This is a normal value and indicates that CVE-PR-B is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.73, CVE-PR-B is in the better half of the industry, outperforming 76.30% of the companies in the same industry.
CVE-PR-B has a Quick Ratio of 1.18. This is a normal value and indicates that CVE-PR-B 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-B is in the better half of the industry, outperforming 69.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.73
Quick Ratio 1.18
CVE-PR-B.CA Yearly Current Assets VS Current LiabilitesCVE-PR-B.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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5

3. Growth

3.1 Past

The earnings per share for CVE-PR-B have decreased strongly by -12.76% in the last year.
Measured over the past years, CVE-PR-B shows a very strong growth in Earnings Per Share. The EPS has been growing by 33.97% on average per year.
The Revenue has decreased by -9.17% in the past year.
Measured over the past years, CVE-PR-B 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

The Earnings Per Share is expected to grow by 22.84% on average over the next years. This is a very strong growth
Based on estimates for the next years, CVE-PR-B will show a decrease in Revenue. The Revenue will decrease by -5.25% on average per year.
EPS Next Y12.31%
EPS Next 2Y-8.37%
EPS Next 3Y6.59%
EPS Next 5Y22.84%
Revenue Next Year-7.27%
Revenue Next 2Y-13.48%
Revenue Next 3Y-5.25%
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.
CVE-PR-B.CA Yearly Revenue VS EstimatesCVE-PR-B.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20B 40B 60B
CVE-PR-B.CA Yearly EPS VS EstimatesCVE-PR-B.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 2 -2 4

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 14.32 indicates a correct valuation of CVE-PR-B.
CVE-PR-B's Price/Earnings ratio is a bit cheaper when compared to the industry. CVE-PR-B is cheaper than 67.30% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.25, CVE-PR-B is valued a bit cheaper.
A Price/Forward Earnings ratio of 17.79 indicates a rather expensive valuation of CVE-PR-B.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CVE-PR-B is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.98, CVE-PR-B is valued a bit cheaper.
Industry RankSector Rank
PE 14.32
Fwd PE 17.79
CVE-PR-B.CA Price Earnings VS Forward Price EarningsCVE-PR-B.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-B indicates a rather cheap valuation: CVE-PR-B is cheaper than 86.26% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CVE-PR-B indicates a somewhat cheap valuation: CVE-PR-B is cheaper than 67.30% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 16.39
EV/EBITDA 5.77
CVE-PR-B.CA Per share dataCVE-PR-B.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of CVE-PR-B may justify a higher PE ratio.
PEG (NY)1.16
PEG (5Y)0.42
EPS Next 2Y-8.37%
EPS Next 3Y6.59%

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6

5. Dividend

5.1 Amount

CVE-PR-B has a Yearly Dividend Yield of 3.52%.
Compared to an average industry Dividend Yield of 2.71, CVE-PR-B pays a bit more dividend than its industry peers.
CVE-PR-B's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
Industry RankSector Rank
Dividend Yield 3.52%

5.2 History

On average, the dividend of CVE-PR-B grows each year by 31.72%, which is quite nice.
CVE-PR-B has been paying a dividend for at least 10 years, so it has a reliable track record.
CVE-PR-B has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)31.72%
Div Incr Years3
Div Non Decr Years3
CVE-PR-B.CA Yearly Dividends per shareCVE-PR-B.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

45.02% of the earnings are spent on dividend by CVE-PR-B. This is a bit on the high side, but may be sustainable.
The dividend of CVE-PR-B is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP45.02%
EPS Next 2Y-8.37%
EPS Next 3Y6.59%
CVE-PR-B.CA Yearly Income VS Free CF VS DividendCVE-PR-B.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B
CVE-PR-B.CA Dividend Payout.CVE-PR-B.CA Dividend Payout, showing the Payout Ratio.CVE-PR-B.CA Dividend Payout.PayoutRetained Earnings

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CENOVUS ENERGY INC - CVECN 3.93 PERP

TSX:CVE-PR-B (1/12/2026, 7:00:00 PM)

24.49

-0.25 (-1.01%)

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 Owners53.35%
Inst Owner ChangeN/A
Ins Owners0.64%
Ins Owner ChangeN/A
Market Cap46.29B
Revenue(TTM)50.56B
Net Income(TTM)3.12B
Analysts80
Price Target31.2 (27.4%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.52%
Yearly Dividend0.84
Dividend Growth(5Y)31.72%
DP45.02%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
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)12.88%
PT rev (3m)19.89%
EPS NQ rev (1m)4.9%
EPS NQ rev (3m)10.08%
EPS NY rev (1m)-11.78%
EPS NY rev (3m)13.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.93%
Revenue NY rev (1m)2.84%
Revenue NY rev (3m)1.61%
Valuation
Industry RankSector Rank
PE 14.32
Fwd PE 17.79
P/S 0.92
P/FCF 16.39
P/OCF 5.9
P/B 1.63
P/tB 1.82
EV/EBITDA 5.77
EPS(TTM)1.71
EY6.98%
EPS(NY)1.38
Fwd EY5.62%
FCF(TTM)1.49
FCFY6.1%
OCF(TTM)4.15
OCFY16.95%
SpS26.75
BVpS15.01
TBVpS13.46
PEG (NY)1.16
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 2.71
F-Score5
WACC7.17%
ROIC/WACC0.99
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 Y12.31%
EPS Next 2Y-8.37%
EPS Next 3Y6.59%
EPS Next 5Y22.84%
Revenue 1Y (TTM)-9.17%
Revenue growth 3Y5.4%
Revenue growth 5Y21.88%
Sales Q2Q%-7.4%
Revenue Next Year-7.27%
Revenue Next 2Y-13.48%
Revenue Next 3Y-5.25%
Revenue Next 5YN/A
EBIT growth 1Y-20.33%
EBIT growth 3Y1.79%
EBIT growth 5Y24.73%
EBIT Next Year103.53%
EBIT Next 3Y33.1%
EBIT Next 5Y21.11%
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 3.93 PERP / CVE-PR-B.CA FAQ

Can you provide the ChartMill fundamental rating for CENOVUS ENERGY INC - CVECN 3.93 PERP?

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


Can you provide the valuation status for CENOVUS ENERGY INC - CVECN 3.93 PERP?

ChartMill assigns a valuation rating of 5 / 10 to CENOVUS ENERGY INC - CVECN 3.93 PERP (CVE-PR-B.CA). This can be considered as Fairly Valued.


How profitable is CENOVUS ENERGY INC - CVECN 3.93 PERP (CVE-PR-B.CA) stock?

CENOVUS ENERGY INC - CVECN 3.93 PERP (CVE-PR-B.CA) has a profitability rating of 7 / 10.


Can you provide the financial health for CVE-PR-B stock?

The financial health rating of CENOVUS ENERGY INC - CVECN 3.93 PERP (CVE-PR-B.CA) is 6 / 10.


What is the expected EPS growth for CENOVUS ENERGY INC - CVECN 3.93 PERP (CVE-PR-B.CA) stock?

The Earnings per Share (EPS) of CENOVUS ENERGY INC - CVECN 3.93 PERP (CVE-PR-B.CA) is expected to grow by 12.31% in the next year.