Executive Summary
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with reasonable growth potential.
Similar Companies
Share Price & News
How has Canadian Natural Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CNQ is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CNQ's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.7%
CNQ
-0.3%
CA Oil and Gas
0.9%
CA Market
1 Year Return
105.4%
CNQ
39.3%
CA Oil and Gas
39.2%
CA Market
Return vs Industry: CNQ exceeded the Canadian Oil and Gas industry which returned 39.3% over the past year.
Return vs Market: CNQ exceeded the Canadian Market which returned 39.2% over the past year.
Shareholder returns
| CNQ | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.7% | -0.3% | 0.9% |
| 30 Day | -4.2% | 1.2% | 3.0% |
| 90 Day | 13.0% | 14.6% | 7.5% |
| 1 Year | 117.8%105.4% | 47.0%39.3% | 43.9%39.2% |
| 3 Year | 2.7%-12.9% | -3.0%-14.9% | 32.5%19.8% |
| 5 Year | 32.5%5.2% | 0.6%-17.3% | 59.3%35.1% |
Long-Term Price Volatility Vs. Market
How volatile is Canadian Natural Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Don't Ignore The Fact That This Insider Just Sold Some Shares In Canadian Natural Resources Limited (TSE:CNQ)4 weeks ago | Simply Wall St
Don't Buy Canadian Natural Resources Limited (TSE:CNQ) For Its Next Dividend Without Doing These ChecksValuation
Is Canadian Natural Resources undervalued compared to its fair value and its price relative to the market?
29.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CNQ (CA$38.57) is trading below our estimate of fair value (CA$54.95)
Significantly Below Fair Value: CNQ is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CNQ is unprofitable, so we can't compare its PE Ratio to the CA Oil and Gas industry average.
PE vs Market: CNQ is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CNQ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CNQ's PB Ratio (1.4x) is in line with the CA Oil and Gas industry average.
Future Growth
How is Canadian Natural Resources forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
28.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CNQ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: CNQ is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CNQ's is expected to become profitable in the next 3 years.
Revenue vs Market: CNQ's revenue (8.2% per year) is forecast to grow faster than the Canadian market (7.2% per year).
High Growth Revenue: CNQ's revenue (8.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CNQ's Return on Equity is forecast to be low in 3 years time (8.6%).
Past Performance
How has Canadian Natural Resources performed over the past 5 years?
25.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNQ is currently unprofitable.
Growing Profit Margin: CNQ is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CNQ is unprofitable, but has reduced losses over the past 5 years at a rate of 25.9% per year.
Accelerating Growth: Unable to compare CNQ's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CNQ is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-31.2%).
Return on Equity
High ROE: CNQ has a negative Return on Equity (-1.34%), as it is currently unprofitable.
Financial Health
How is Canadian Natural Resources's financial position?
Financial Position Analysis
Short Term Liabilities: CNQ's short term assets (CA$4.4B) do not cover its short term liabilities (CA$5.1B).
Long Term Liabilities: CNQ's short term assets (CA$4.4B) do not cover its long term liabilities (CA$37.8B).
Debt to Equity History and Analysis
Debt Level: CNQ's debt to equity ratio (66.3%) is considered high.
Reducing Debt: CNQ's debt to equity ratio has increased from 61.3% to 66.3% over the past 5 years.
Debt Coverage: CNQ's debt is well covered by operating cash flow (22%).
Interest Coverage: Insufficient data to determine if CNQ's interest payments on its debt are well covered by EBIT.
Balance Sheet
Dividend
What is Canadian Natural Resources's current dividend yield, its reliability and sustainability?
4.87%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CNQ's dividend (4.87%) is higher than the bottom 25% of dividend payers in the Canadian market (1.47%).
High Dividend: CNQ's dividend (4.87%) is in the top 25% of dividend payers in the Canadian market (4.73%)
Stability and Growth of Payments
Stable Dividend: CNQ's dividends per share have been stable in the past 10 years.
Growing Dividend: CNQ's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: CNQ is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: CNQ's dividends in 3 years are forecast to be covered by earnings (69% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Tim McKay (58 yo)
3.08yrs
Tenure
CA$7,778,219
Compensation
Mr. Timothy Shawn McKay, also known as Tim, has been President and Director of Canadian Natural Resources Limited since March 01, 2018 and February 2018 respectively. Prior thereto, Mr. McKay joined the Co...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD6.19M) is about average for companies of similar size in the Canadian market ($USD7.19M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CNQ's management team is considered experienced (3.8 years average tenure).
Board Members
Experienced Board: CNQ's board of directors are seasoned and experienced ( 10.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CNQ insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Canadian Natural Resources Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Canadian Natural Resources Limited
- Ticker: CNQ
- Exchange: TSX
- Founded: 1973
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$45.753b
- Shares outstanding: 1.19b
- Website: https://www.cnrl.com
Number of Employees
Location
- Canadian Natural Resources Limited
- 2100, 855-2nd Street SW
- Calgary
- Alberta
- T2P 4J8
- Canada
Listings
Biography
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/10 22:02 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.