Crescent Point Energy (TSX:CPG) - Share price, News & Analysis

CPG fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	3/6
Financial Health	4/6
Dividends	3/6

CPG Stock Overview

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States.

Rewards

Trading at 39.5% below our estimate of its fair value

Became profitable this year

Risk Analysis

Earnings are forecast to decline by an average of 66.6% per year for the next 3 years

High level of non-cash earnings

Unstable dividend track record

Significant insider selling over the past 3 months

Crescent Point Energy Competitors

Canadian Natural Resources

TSX:CNQ

CA$91.6b

Ovintiv

TSX:OVV

CA$15.6b

Vermilion Energy

TSX:VET

CA$4.1b

Enerplus

TSX:ERF

CA$3.9b

Price History & Performance

Summary of all time highs, changes and price drops for Crescent Point Energy
Historical stock prices
Current Share Price	CA$9.71
52 Week High	CA$10.08
52 Week Low	CA$3.67
Beta	3.19
1 Month Change	8.74%
3 Month Change	17.84%
1 Year Change	103.56%
3 Year Change	106.16%
5 Year Change	-20.80%
Change since IPO	676.80%

Shareholder Returns

	CPG	CA Oil and Gas	CA Market
7D	5.7%	2.9%	0.8%
1Y	103.6%	60.3%	4.9%

Return vs Industry: CPG exceeded the Canadian Oil and Gas industry which returned 60.3% over the past year.

Return vs Market: CPG exceeded the Canadian Market which returned 4.9% over the past year.

Price Volatility

Is CPG's price volatile compared to industry and market?
CPG volatility
CPG Average Weekly Movement	7.8%
Oil and Gas Industry Average Movement	10.3%
Market Average Movement	9.9%
10% most volatile stocks in CA Market	16.9%
10% least volatile stocks in CA Market	4.3%

Stable Share Price: CPG is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: CPG's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1994	748	Craig Bryksa	https://www.crescentpointenergy.com

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It’s crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota and Montana. The company was incorporated in 1994 and is headquartered in Calgary, Canada.

Crescent Point Energy Fundamentals Summary

How do Crescent Point Energy's earnings and revenue compare to its market cap?
CPG fundamental statistics
Market Cap	CA$5.55b
Earnings (TTM)	CA$3.53b
Revenue (TTM)	CA$3.26b

1.6x

P/E Ratio

1.7x

P/S Ratio

Is CPG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CPG income statement (TTM)
Revenue	CA$3.26b
Cost of Revenue	CA$838.90m
Gross Profit	CA$2.42b
Other Expenses	-CA$1.10b
Earnings	CA$3.53b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 27, 2022

Earnings per share (EPS)	6.17
Gross Margin	74.27%
Net Profit Margin	108.15%
Debt/Equity Ratio	28.1%

How did CPG perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

1%

Payout Ratio

Does CPG pay a reliable dividends?

See CPG dividend history and benchmarks

When do you need to buy CPG by to receive an upcoming dividend?
Crescent Point Energy dividend dates
Ex Dividend Date	Jun 14 2022
Dividend Pay Date	Jul 04 2022
Days until Ex dividend	22 days
Days until Dividend pay date	42 days

Does CPG pay a reliable dividends?

See CPG dividend history and benchmarks

Valuation

Is Crescent Point Energy undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

39.5%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CPG (CA$9.71) is trading below our estimate of fair value (CA$16.04)

Significantly Below Fair Value: CPG is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: CPG is good value based on its PE Ratio (1.6x) compared to the Canadian Oil and Gas industry average (8.7x).

PE vs Market: CPG is good value based on its PE Ratio (1.6x) compared to the Canadian market (11.4x).

Price to Earnings Growth Ratio

PEG Ratio: CPG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: CPG is good value based on its PB Ratio (0.9x) compared to the CA Oil and Gas industry average (2.1x).

Future Growth

How is Crescent Point Energy forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-66.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPG's earnings are forecast to decline over the next 3 years (-66.6% per year).

Earnings vs Market: CPG's earnings are forecast to decline over the next 3 years (-66.6% per year).

High Growth Earnings: CPG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CPG's revenue is expected to decline over the next 3 years (-0.1% per year).

High Growth Revenue: CPG's revenue is forecast to decline over the next 3 years (-0.1% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if CPG's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Crescent Point Energy performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

23.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CPG has a high level of non-cash earnings.

Growing Profit Margin: CPG became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: CPG has become profitable over the past 5 years, growing earnings by 23.5% per year.

Accelerating Growth: CPG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CPG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (185%).

Return on Equity

High ROE: CPG's Return on Equity (54.2%) is considered outstanding.

Financial Health

How is Crescent Point Energy's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: CPG's short term assets (CA$630.4M) do not cover its short term liabilities (CA$1.4B).

Long Term Liabilities: CPG's short term assets (CA$630.4M) do not cover its long term liabilities (CA$2.5B).

Debt to Equity History and Analysis

Debt Level: CPG's net debt to equity ratio (28%) is considered satisfactory.

Reducing Debt: CPG's debt to equity ratio has reduced from 43.3% to 28.1% over the past 5 years.

Debt Coverage: CPG's debt is well covered by operating cash flow (88.4%).

Interest Coverage: CPG's interest payments on its debt are well covered by EBIT (48.4x coverage).

Balance Sheet

Dividend

What is Crescent Point Energy current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

2.68%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: CPG's dividend (2.68%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).

High Dividend: CPG's dividend (2.68%) is low compared to the top 25% of dividend payers in the Canadian market (4.91%).

Stability and Growth of Payments

Stable Dividend: CPG's dividend payments have been volatile in the past 10 years.

Growing Dividend: CPG's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (1.3%), CPG's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (81%), CPG's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure

CEO

Craig Bryksa (44 yo)

4yrs

Tenure

CA$4,074,107

Compensation

Mr. Craig Bryksa serves as Chair of the Board of Governors of Canadian Association of Petroleum Producers. He has been President and Chief Executive Officer at Crescent Point Energy Corp since September 05...

CEO Compensation Analysis

Compensation vs Market: Craig's total compensation ($USD3.17M) is about average for companies of similar size in the Canadian market ($USD3.43M).

Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: CPG's management team is considered experienced (3.6 years average tenure).

Board Members

Experienced Board: CPG's board of directors are considered experienced (4 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: CPG insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/22 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31