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CENOVUS ENERGY INC - CVECN 4.591 PERP (CVE-PR-E.CA) Stock Fundamental Analysis

TSX:CVE-PR-E - Toronto Stock Exchange - CA15135U7033 - Currency: CAD

24.99  0 (0%)

Fundamental Rating

6

Overall CVE-PR-E gets a fundamental rating of 6 out of 10. We evaluated CVE-PR-E against 217 industry peers in the Oil, Gas & Consumable Fuels industry. CVE-PR-E has only an average score on both its financial health and profitability. CVE-PR-E is not valued too expensively and it also shows a decent growth rate. Finally CVE-PR-E also has an excellent dividend rating. These ratings would make CVE-PR-E suitable for dividend investing!


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year CVE-PR-E was profitable.
In the past year CVE-PR-E had a positive cash flow from operations.
CVE-PR-E had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CVE-PR-E had a positive operating cash flow.
CVE-PR-E.CA Yearly Net Income VS EBIT VS OCF VS FCFCVE-PR-E.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

With an excellent Return On Assets value of 5.49%, CVE-PR-E belongs to the best of the industry, outperforming 82.49% of the companies in the same industry.
With a decent Return On Equity value of 10.44%, CVE-PR-E is doing good in the industry, outperforming 78.34% of the companies in the same industry.
With an excellent Return On Invested Capital value of 8.18%, CVE-PR-E belongs to the best of the industry, outperforming 85.25% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CVE-PR-E is above the industry average of 7.24%.
Industry RankSector Rank
ROA 5.49%
ROE 10.44%
ROIC 8.18%
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-E.CA Yearly ROA, ROE, ROICCVE-PR-E.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-E (5.72%) is comparable to the rest of the industry.
CVE-PR-E's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 9.37%, CVE-PR-E is in line with its industry, outperforming 53.00% of the companies in the same industry.
CVE-PR-E's Operating Margin has improved in the last couple of years.
CVE-PR-E has a Gross Margin (32.49%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of CVE-PR-E has declined.
Industry RankSector Rank
OM 9.37%
PM (TTM) 5.72%
GM 32.49%
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-E.CA Yearly Profit, Operating, Gross MarginsCVE-PR-E.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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5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CVE-PR-E is creating some value.
The number of shares outstanding for CVE-PR-E has been reduced compared to 1 year ago.
The number of shares outstanding for CVE-PR-E has been increased compared to 5 years ago.
Compared to 1 year ago, CVE-PR-E has a worse debt to assets ratio.
CVE-PR-E.CA Yearly Shares OutstandingCVE-PR-E.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
CVE-PR-E.CA Yearly Total Debt VS Total AssetsCVE-PR-E.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

An Altman-Z score of 2.60 indicates that CVE-PR-E is not a great score, but indicates only limited risk for bankruptcy at the moment.
CVE-PR-E has a better Altman-Z score (2.60) than 79.72% of its industry peers.
The Debt to FCF ratio of CVE-PR-E is 2.52, which is a good value as it means it would take CVE-PR-E, 2.52 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.52, CVE-PR-E belongs to the top of the industry, outperforming 83.87% of the companies in the same industry.
CVE-PR-E 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-E is in line with its industry, outperforming 52.07% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 2.52
Altman-Z 2.6
ROIC/WACC0.96
WACC8.48%
CVE-PR-E.CA Yearly LT Debt VS Equity VS FCFCVE-PR-E.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-E has a Current Ratio of 1.42. This is a normal value and indicates that CVE-PR-E is financially healthy and should not expect problems in meeting its short term obligations.
CVE-PR-E has a better Current ratio (1.42) than 68.66% of its industry peers.
A Quick Ratio of 0.81 indicates that CVE-PR-E may have some problems paying its short term obligations.
The Quick ratio of CVE-PR-E (0.81) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.42
Quick Ratio 0.81
CVE-PR-E.CA Yearly Current Assets VS Current LiabilitesCVE-PR-E.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-E shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -22.64%.
Measured over the past years, CVE-PR-E shows a very strong growth in Earnings Per Share. The EPS has been growing by 33.97% on average per year.
Looking at the last year, CVE-PR-E shows a small growth in Revenue. The Revenue has grown by 3.97% in the last year.
Measured over the past years, CVE-PR-E shows a very strong growth in Revenue. The Revenue has been growing by 21.88% on average per year.
EPS 1Y (TTM)-22.64%
EPS 3Y87.2%
EPS 5Y33.97%
EPS Q2Q%-82.05%
Revenue 1Y (TTM)3.97%
Revenue growth 3Y5.4%
Revenue growth 5Y21.88%
Sales Q2Q%-2.44%

3.2 Future

Based on estimates for the next years, CVE-PR-E will show a very strong growth in Earnings Per Share. The EPS will grow by 23.42% on average per year.
Based on estimates for the next years, CVE-PR-E will show a decrease in Revenue. The Revenue will decrease by -3.42% on average per year.
EPS Next Y26.06%
EPS Next 2Y30%
EPS Next 3Y23.42%
EPS Next 5YN/A
Revenue Next Year-8.97%
Revenue Next 2Y-4.95%
Revenue Next 3Y-3.42%
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.
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-E.CA Yearly Revenue VS EstimatesCVE-PR-E.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-E.CA Yearly EPS VS EstimatesCVE-PR-E.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 -1 2 -2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 15.24, which indicates a correct valuation of CVE-PR-E.
Compared to the rest of the industry, the Price/Earnings ratio of CVE-PR-E indicates a somewhat cheap valuation: CVE-PR-E is cheaper than 62.21% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 25.25. CVE-PR-E is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 12.09, CVE-PR-E is valued correctly.
The rest of the industry has a similar Price/Forward Earnings ratio as CVE-PR-E.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.27, CVE-PR-E is valued a bit cheaper.
Industry RankSector Rank
PE 15.24
Fwd PE 12.09
CVE-PR-E.CA Price Earnings VS Forward Price EarningsCVE-PR-E.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

CVE-PR-E's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CVE-PR-E is cheaper than 77.42% of the companies in the same industry.
CVE-PR-E's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CVE-PR-E is cheaper than 67.74% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.8
EV/EBITDA 5.32
CVE-PR-E.CA Per share dataCVE-PR-E.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-E may justify a higher PE ratio.
A more expensive valuation may be justified as CVE-PR-E's earnings are expected to grow with 23.42% in the coming years.
PEG (NY)0.58
PEG (5Y)0.45
EPS Next 2Y30%
EPS Next 3Y23.42%

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.65%, CVE-PR-E is a good candidate for dividend investing.
CVE-PR-E's Dividend Yield is a higher than the industry average which is at 6.73.
CVE-PR-E's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
Industry RankSector Rank
Dividend Yield 4.65%

5.2 History

On average, the dividend of CVE-PR-E grows each year by 31.72%, which is quite nice.
CVE-PR-E has been paying a dividend for at least 10 years, so it has a reliable track record.
CVE-PR-E 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 Years9
CVE-PR-E.CA Yearly Dividends per shareCVE-PR-E.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

49.94% of the earnings are spent on dividend by CVE-PR-E. This is a bit on the high side, but may be sustainable.
The dividend of CVE-PR-E is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP49.94%
EPS Next 2Y30%
EPS Next 3Y23.42%
CVE-PR-E.CA Yearly Income VS Free CF VS DividendCVE-PR-E.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-E.CA Dividend Payout.CVE-PR-E.CA Dividend Payout, showing the Payout Ratio.CVE-PR-E.CA Dividend Payout.PayoutRetained Earnings

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CENOVUS ENERGY INC - CVECN 4.591 PERP

TSX:CVE-PR-E (3/31/2025, 7:00:00 PM)

24.99

0 (0%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-20 2025-02-20/bmo
Earnings (Next)04-30 2025-04-30/bmo
Inst Owners50.86%
Inst Owner ChangeN/A
Ins Owners0.81%
Ins Owner ChangeN/A
Market Cap45.56B
Analysts81.82
Price Target36.79 (47.22%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.65%
Yearly Dividend0.84
Dividend Growth(5Y)31.72%
DP49.94%
Div Incr Years0
Div Non Decr Years9
Ex-Date03-14 2025-03-14 (0.28694)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-39.24%
Min EPS beat(2)-72.97%
Max EPS beat(2)-5.52%
EPS beat(4)1
Avg EPS beat(4)-21.42%
Min EPS beat(4)-72.97%
Max EPS beat(4)14.37%
EPS beat(8)4
Avg EPS beat(8)-9.47%
EPS beat(12)6
Avg EPS beat(12)-10.65%
EPS beat(16)7
Avg EPS beat(16)-22.4%
Revenue beat(2)1
Avg Revenue beat(2)-3.32%
Min Revenue beat(2)-10.43%
Max Revenue beat(2)3.8%
Revenue beat(4)2
Avg Revenue beat(4)0.17%
Min Revenue beat(4)-10.43%
Max Revenue beat(4)9.24%
Revenue beat(8)4
Avg Revenue beat(8)-0.46%
Revenue beat(12)8
Avg Revenue beat(12)6.77%
Revenue beat(16)12
Avg Revenue beat(16)7.9%
PT rev (1m)-1.63%
PT rev (3m)0.98%
EPS NQ rev (1m)-2.25%
EPS NQ rev (3m)15.21%
EPS NY rev (1m)-4.31%
EPS NY rev (3m)4.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.82%
Valuation
Industry RankSector Rank
PE 15.24
Fwd PE 12.09
P/S 0.84
P/FCF 10.8
P/OCF 4.93
P/B 1.53
P/tB 1.7
EV/EBITDA 5.32
EPS(TTM)1.64
EY6.56%
EPS(NY)2.07
Fwd EY8.27%
FCF(TTM)2.31
FCFY9.26%
OCF(TTM)5.07
OCFY20.27%
SpS29.77
BVpS16.32
TBVpS14.72
PEG (NY)0.58
PEG (5Y)0.45
Profitability
Industry RankSector Rank
ROA 5.49%
ROE 10.44%
ROCE 10.34%
ROIC 8.18%
ROICexc 8.73%
ROICexgc 9.31%
OM 9.37%
PM (TTM) 5.72%
GM 32.49%
FCFM 7.77%
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-Score5
Asset Turnover0.96
Health
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 2.52
Debt/EBITDA 1.01
Cap/Depr 102.96%
Cap/Sales 9.24%
Interest Coverage 250
Cash Conversion 92.75%
Profit Quality 135.87%
Current Ratio 1.42
Quick Ratio 0.81
Altman-Z 2.6
F-Score5
WACC8.48%
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)-22.64%
EPS 3Y87.2%
EPS 5Y33.97%
EPS Q2Q%-82.05%
EPS Next Y26.06%
EPS Next 2Y30%
EPS Next 3Y23.42%
EPS Next 5YN/A
Revenue 1Y (TTM)3.97%
Revenue growth 3Y5.4%
Revenue growth 5Y21.88%
Sales Q2Q%-2.44%
Revenue Next Year-8.97%
Revenue Next 2Y-4.95%
Revenue Next 3Y-3.42%
Revenue Next 5YN/A
EBIT growth 1Y-9.6%
EBIT growth 3Y1.79%
EBIT growth 5Y24.73%
EBIT Next Year119.72%
EBIT Next 3Y27.43%
EBIT Next 5Y17.31%
FCF growth 1Y36.57%
FCF growth 3Y7.94%
FCF growth 5Y14.96%
OCF growth 1Y25%
OCF growth 3Y15.98%
OCF growth 5Y22.96%