CENOVUS ENERGY INC (CVE) Stock Fundamental Analysis

NYSE:CVE • CA15135U1093

22.88 USD
+0.57 (+2.55%)
At close: Mar 2, 2026
22.8 USD
-0.08 (-0.35%)
After Hours: 3/2/2026, 6:15:32 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall CVE gets a fundamental rating of 5 out of 10. We evaluated CVE against 207 industry peers in the Oil, Gas & Consumable Fuels industry. CVE has only an average score on both its financial health and profitability. CVE is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year CVE was profitable.
  • CVE had a positive operating cash flow in the past year.
  • In the past 5 years CVE has always been profitable.
  • CVE had a positive operating cash flow in each of the past 5 years.
CVE Yearly Net Income VS EBIT VS OCF VS FCFCVE 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 2025 0 5B 10B

1.2 Ratios

  • CVE has a Return On Assets of 6.17%. This is in the better half of the industry: CVE outperforms 70.05% of its industry peers.
  • Looking at the Return On Equity, with a value of 12.38%, CVE is in the better half of the industry, outperforming 69.08% of the companies in the same industry.
  • The Return On Invested Capital of CVE (6.85%) is better than 63.77% of its industry peers.
  • CVE had an Average Return On Invested Capital over the past 3 years of 8.35%. This is significantly below the industry average of 22.15%.
Industry RankSector Rank
ROA 6.17%
ROE 12.38%
ROIC 6.85%
ROA(3y)6.41%
ROA(5y)6.35%
ROE(3y)12.34%
ROE(5y)12.52%
ROIC(3y)8.35%
ROIC(5y)10.5%
CVE Yearly ROA, ROE, ROICCVE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1.3 Margins

  • CVE's Profit Margin of 7.88% is in line compared to the rest of the industry. CVE outperforms 51.69% of its industry peers.
  • CVE's Profit Margin has declined in the last couple of years.
  • CVE's Operating Margin of 9.54% is in line compared to the rest of the industry. CVE outperforms 41.55% of its industry peers.
  • In the last couple of years the Operating Margin of CVE has declined.
  • CVE has a Gross Margin (34.22%) which is comparable to the rest of the industry.
  • CVE's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 9.54%
PM (TTM) 7.88%
GM 34.22%
OM growth 3Y-16.68%
OM growth 5YN/A
PM growth 3Y-6.34%
PM growth 5YN/A
GM growth 3Y-11.56%
GM growth 5Y-11%
CVE Yearly Profit, Operating, Gross MarginsCVE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CVE is creating some value.
  • The number of shares outstanding for CVE has been increased compared to 1 year ago.
  • The number of shares outstanding for CVE has been increased compared to 5 years ago.
  • The debt/assets ratio for CVE is higher compared to a year ago.
CVE Yearly Shares OutstandingCVE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B
CVE Yearly Total Debt VS Total AssetsCVE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • An Altman-Z score of 2.45 indicates that CVE is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • CVE has a Altman-Z score of 2.45. This is in the better half of the industry: CVE outperforms 70.53% of its industry peers.
  • CVE has a debt to FCF ratio of 4.28. This is a neutral value as CVE would need 4.28 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 4.28, CVE is doing good in the industry, outperforming 68.12% of the companies in the same industry.
  • CVE has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.44, CVE perfoms like the industry average, outperforming 53.14% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 4.28
Altman-Z 2.45
ROIC/WACC0.96
WACC7.16%
CVE Yearly LT Debt VS Equity VS FCFCVE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

2.3 Liquidity

  • A Current Ratio of 1.57 indicates that CVE should not have too much problems paying its short term obligations.
  • CVE has a better Current ratio (1.57) than 68.12% of its industry peers.
  • A Quick Ratio of 1.04 indicates that CVE should not have too much problems paying its short term obligations.
  • CVE has a Quick ratio (1.04) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.57
Quick Ratio 1.04
CVE Yearly Current Assets VS Current LiabilitesCVE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 30.49% over the past year.
  • CVE shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -10.45% yearly.
  • CVE shows a decrease in Revenue. In the last year, the revenue decreased by -8.44%.
  • CVE shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 30.31% yearly.
EPS 1Y (TTM)30.49%
EPS 3Y-10.45%
EPS 5YN/A
EPS Q2Q%614.29%
Revenue 1Y (TTM)-8.44%
Revenue growth 3Y-9.43%
Revenue growth 5Y30.31%
Sales Q2Q%-15.06%

3.2 Future

  • Based on estimates for the next years, CVE will show a very strong growth in Earnings Per Share. The EPS will grow by 20.99% on average per year.
  • Based on estimates for the next years, CVE will show a decrease in Revenue. The Revenue will decrease by -2.68% on average per year.
EPS Next Y-19.29%
EPS Next 2Y-2.94%
EPS Next 3Y29.34%
EPS Next 5Y20.99%
Revenue Next Year-10.04%
Revenue Next 2Y-2.68%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CVE Yearly Revenue VS EstimatesCVE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20B 40B 60B
CVE Yearly EPS VS EstimatesCVE 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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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 14.57, CVE is valued correctly.
  • Compared to the rest of the industry, the Price/Earnings ratio of CVE indicates a somewhat cheap valuation: CVE is cheaper than 66.18% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.13. CVE is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 18.11 indicates a rather expensive valuation of CVE.
  • CVE's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 28.11. CVE is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 14.57
Fwd PE 18.11
CVE Price Earnings VS Forward Price EarningsCVE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CVE indicates a somewhat cheap valuation: CVE is cheaper than 68.60% of the companies listed in the same industry.
  • 62.32% of the companies in the same industry are more expensive than CVE, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 17.74
EV/EBITDA 6.94
CVE Per share dataCVE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • A more expensive valuation may be justified as CVE's earnings are expected to grow with 29.34% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-2.94%
EPS Next 3Y29.34%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • CVE has a Yearly Dividend Yield of 2.65%.
  • CVE's Dividend Yield is comparable with the industry average which is at 3.46.
  • CVE's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.65%

5.2 History

  • The dividend of CVE is nicely growing with an annual growth rate of 65.35%!
  • CVE has paid a dividend for at least 10 years, which is a reliable track record.
  • CVE has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)65.35%
Div Incr Years4
Div Non Decr Years4
CVE Yearly Dividends per shareCVE Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • CVE pays out 36.70% of its income as dividend. This is a sustainable payout ratio.
  • CVE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP36.7%
EPS Next 2Y-2.94%
EPS Next 3Y29.34%
CVE Yearly Income VS Free CF VS DividendCVE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B
CVE Dividend Payout.CVE Dividend Payout, showing the Payout Ratio.CVE Dividend Payout.PayoutRetained Earnings

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CENOVUS ENERGY INC

NYSE:CVE (3/2/2026, 6:15:32 PM)

After market: 22.8 -0.08 (-0.35%)

22.88

+0.57 (+2.55%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-19
Earnings (Next)05-06
Inst Owners53.35%
Inst Owner Change3.49%
Ins Owners0.64%
Ins Owner ChangeN/A
Market Cap43.09B
Revenue(TTM)49.70B
Net Income(TTM)3.92B
Analysts79.09
Price Target23.33 (1.97%)
Short Float %2.82%
Short Ratio3
Dividend
Industry RankSector Rank
Dividend Yield 2.65%
Yearly Dividend0.57
Dividend Growth(5Y)65.35%
DP36.7%
Div Incr Years4
Div Non Decr Years4
Ex-Date03-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)34.1%
Min EPS beat(2)28.15%
Max EPS beat(2)40.05%
EPS beat(4)4
Avg EPS beat(4)67.87%
Min EPS beat(4)25.67%
Max EPS beat(4)177.6%
EPS beat(8)5
Avg EPS beat(8)23.22%
EPS beat(12)8
Avg EPS beat(12)16.31%
EPS beat(16)10
Avg EPS beat(16)8.98%
Revenue beat(2)0
Avg Revenue beat(2)-13.68%
Min Revenue beat(2)-22.39%
Max Revenue beat(2)-4.97%
Revenue beat(4)0
Avg Revenue beat(4)-9.24%
Min Revenue beat(4)-22.39%
Max Revenue beat(4)-4.15%
Revenue beat(8)2
Avg Revenue beat(8)-4.53%
Revenue beat(12)4
Avg Revenue beat(12)-3.39%
Revenue beat(16)8
Avg Revenue beat(16)2.77%
PT rev (1m)8.82%
PT rev (3m)15.05%
EPS NQ rev (1m)-31.84%
EPS NQ rev (3m)-14.82%
EPS NY rev (1m)0%
EPS NY rev (3m)13.9%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-1.8%
Revenue NY rev (3m)-2.16%
Valuation
Industry RankSector Rank
PE 14.57
Fwd PE 18.11
P/S 1.19
P/FCF 17.74
P/OCF 7.16
P/B 1.86
P/tB 2.05
EV/EBITDA 6.94
EPS(TTM)1.57
EY6.86%
EPS(NY)1.26
Fwd EY5.52%
FCF(TTM)1.29
FCFY5.64%
OCF(TTM)3.2
OCFY13.97%
SpS19.3
BVpS12.28
TBVpS11.15
PEG (NY)N/A
PEG (5Y)N/A
Graham Number20.83
Profitability
Industry RankSector Rank
ROA 6.17%
ROE 12.38%
ROCE 8.3%
ROIC 6.85%
ROICexc 7.19%
ROICexgc 7.6%
OM 9.54%
PM (TTM) 7.88%
GM 34.22%
FCFM 6.68%
ROA(3y)6.41%
ROA(5y)6.35%
ROE(3y)12.34%
ROE(5y)12.52%
ROIC(3y)8.35%
ROIC(5y)10.5%
ROICexc(3y)8.81%
ROICexc(5y)11.28%
ROICexgc(3y)9.38%
ROICexgc(5y)12.09%
ROCE(3y)10.15%
ROCE(5y)12.76%
ROICexgc growth 3Y-30.32%
ROICexgc growth 5YN/A
ROICexc growth 3Y-29.98%
ROICexc growth 5YN/A
OM growth 3Y-16.68%
OM growth 5YN/A
PM growth 3Y-6.34%
PM growth 5YN/A
GM growth 3Y-11.56%
GM growth 5Y-11%
F-Score7
Asset Turnover0.78
Health
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 4.28
Debt/EBITDA 1.39
Cap/Depr 94.51%
Cap/Sales 9.87%
Interest Coverage 250
Cash Conversion 82.83%
Profit Quality 84.81%
Current Ratio 1.57
Quick Ratio 1.04
Altman-Z 2.45
F-Score7
WACC7.16%
ROIC/WACC0.96
Cap/Depr(3y)96.67%
Cap/Depr(5y)82.56%
Cap/Sales(3y)9.12%
Cap/Sales(5y)7.68%
Profit Quality(3y)98.85%
Profit Quality(5y)204.67%
High Growth Momentum
Growth
EPS 1Y (TTM)30.49%
EPS 3Y-10.45%
EPS 5YN/A
EPS Q2Q%614.29%
EPS Next Y-19.29%
EPS Next 2Y-2.94%
EPS Next 3Y29.34%
EPS Next 5Y20.99%
Revenue 1Y (TTM)-8.44%
Revenue growth 3Y-9.43%
Revenue growth 5Y30.31%
Sales Q2Q%-15.06%
Revenue Next Year-10.04%
Revenue Next 2Y-2.68%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-6.76%
EBIT growth 3Y-24.54%
EBIT growth 5YN/A
EBIT Next Year121.98%
EBIT Next 3Y38.95%
EBIT Next 5Y28.92%
FCF growth 1Y-21.3%
FCF growth 3Y-24.43%
FCF growth 5YN/A
OCF growth 1Y-10.9%
OCF growth 3Y-10.31%
OCF growth 5Y97.62%

CENOVUS ENERGY INC / CVE FAQ

What is the fundamental rating for CVE stock?

ChartMill assigns a fundamental rating of 5 / 10 to CVE.


Can you provide the valuation status for CENOVUS ENERGY INC?

ChartMill assigns a valuation rating of 4 / 10 to CENOVUS ENERGY INC (CVE). This can be considered as Fairly Valued.


Can you provide the profitability details for CENOVUS ENERGY INC?

CENOVUS ENERGY INC (CVE) has a profitability rating of 4 / 10.


What is the valuation of CENOVUS ENERGY INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for CENOVUS ENERGY INC (CVE) is 14.57 and the Price/Book (PB) ratio is 1.86.


Can you provide the financial health for CVE stock?

The financial health rating of CENOVUS ENERGY INC (CVE) is 5 / 10.