| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
CNQ Stock Overview
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs).
Canadian Natural Resources Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$63.99 |
| 52 Week High | CA$67.77 |
| 52 Week Low | CA$28.67 |
| Beta | 2.26 |
| 1 Month Change | 21.93% |
| 3 Month Change | 24.25% |
| 1 Year Change | 111.68% |
| 3 Year Change | 81.12% |
| 5 Year Change | 62.66% |
| Change since IPO | 52,404.62% |
Recent News & Updates
Is Canadian Natural Resources (TSE:CNQ) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Canadian Natural Resources (TSE:CNQ) Is Doing The Right Things To Multiply Its Share Price
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Shareholder Returns
| CNQ | CA Oil and Gas | CA Market | |
|---|---|---|---|
| 7D | -3.2% | -2.3% | -2.9% |
| 1Y | 111.7% | 56.4% | 16.1% |
Return vs Industry: CNQ exceeded the Canadian Oil and Gas industry which returned 49.9% over the past year.
Return vs Market: CNQ exceeded the Canadian Market which returned 15% over the past year.
Price Volatility
| CNQ volatility | |
|---|---|
| CNQ Average Weekly Movement | 4.6% |
| Oil and Gas Industry Average Movement | 9.8% |
| Market Average Movement | 9.8% |
| 10% most volatile stocks in CA Market | 17.3% |
| 10% least volatile stocks in CA Market | 3.7% |
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.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1973 | 10,000 | Tim McKay | https://www.cnrl.com |
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 and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
Canadian Natural Resources Fundamentals Summary
| CNQ fundamental statistics | |
|---|---|
| Market Cap | CA$75.32b |
| Earnings (TTM) | CA$5.88b |
| Revenue (TTM) | CA$25.86b |
12.8x
P/E Ratio2.9x
P/S RatioIs CNQ overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CNQ income statement (TTM) | |
|---|---|
| Revenue | CA$25.86b |
| Cost of Revenue | CA$12.77b |
| Gross Profit | CA$13.09b |
| Expenses | CA$7.21b |
| Earnings | CA$5.88b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Mar 03, 2022
| Earnings per share (EPS) | 4.99 |
| Gross Margin | 50.62% |
| Net Profit Margin | 22.73% |
| Debt/Equity Ratio | 47.2% |
How did CNQ perform over the long term?
See historical performance and comparisonDividends
3.7%
Current Dividend Yield37%
Payout RatioValuation
Is Canadian Natural Resources undervalued compared to its fair value and its price relative to the market?
40.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CNQ (CA$63.99) is trading below our estimate of fair value (CA$107.77)
Significantly Below Fair Value: CNQ is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CNQ is poor value based on its PE Ratio (12.8x) compared to the Canadian Oil and Gas industry average (7.8x).
PE vs Market: CNQ is poor value based on its PE Ratio (12.8x) compared to the Canadian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: CNQ's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CNQ's PB Ratio (2.1x) 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 8 analysts?
-7.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CNQ's earnings are forecast to decline over the next 3 years (-7.9% per year).
Earnings vs Market: CNQ's earnings are forecast to decline over the next 3 years (-7.9% per year).
High Growth Earnings: CNQ's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CNQ's revenue (0.1% per year) is forecast to grow slower than the Canadian market (5.6% per year).
High Growth Revenue: CNQ's revenue (0.1% 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 (15.8%).
Past Performance
How has Canadian Natural Resources performed over the past 5 years?
18.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNQ has high quality earnings.
Growing Profit Margin: CNQ became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CNQ has become profitable over the past 5 years, growing earnings by 18.2% per year.
Accelerating Growth: CNQ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CNQ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (159%).
Return on Equity
High ROE: CNQ's Return on Equity (16.5%) is considered low.
Financial Health
How is Canadian Natural Resources's financial position?
Financial Position Analysis
Short Term Liabilities: CNQ's short term assets (CA$6.0B) do not cover its short term liabilities (CA$6.5B).
Long Term Liabilities: CNQ's short term assets (CA$6.0B) do not cover its long term liabilities (CA$33.2B).
Debt to Equity History and Analysis
Debt Level: CNQ's net debt to equity ratio (43.8%) is considered high.
Reducing Debt: CNQ's debt to equity ratio has reduced from 67.4% to 47.2% over the past 5 years.
Debt Coverage: CNQ's debt is well covered by operating cash flow (65.8%).
Interest Coverage: CNQ's interest payments on its debt are well covered by EBIT (8.7x coverage).
Balance Sheet
Dividend
What is Canadian Natural Resources's current dividend yield, its reliability and sustainability?
3.67%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CNQ's dividend (3.67%) is higher than the bottom 25% of dividend payers in the Canadian market (1.63%).
High Dividend: CNQ's dividend (3.67%) is low compared to the top 25% of dividend payers in the Canadian market (4.88%).
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: With its reasonably low payout ratio (36.9%), CNQ's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CNQ's dividends in 3 years are forecast to be well covered by earnings (37.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Tim McKay (59 yo)
3.83yrs
Tenure
CA$7,778,219
Compensation
Mr. Timothy Shawn McKay, also known as Tim, has been President and Director of Canadian Natural Resources Limited since March 01, 2018 and February 2018 respectively. Prior thereto, Mr. McKay joined the Co...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD6.16M) is about average for companies of similar size in the Canadian market ($USD6.14M).
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 (4.6 years average tenure).
Board Members
Experienced Board: CNQ's board of directors are seasoned and experienced ( 13.3 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 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
- Implied Market Cap: CA$75.324b
- Shares outstanding: 1.18b
- Website: https://www.cnrl.com
Number of Employees
Location
- Canadian Natural Resources Limited
- 2100, 855-2nd Street SW
- Calgary
- Alberta
- T2P 4J8
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/26 00:57 |
| End of Day Share Price | 2022/01/25 00:00 |
| Earnings | 2021/09/30 |
| 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.