Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States.
Undervalued with excellent balance sheet and pays a dividend.
Share Price & News
How has Cenovus Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CVE's share price has been volatile over the past 3 months.
7 Day Return
CA Oil and Gas
1 Year Return
CA Oil and Gas
Return vs Industry: CVE underperformed the Canadian Oil and Gas industry which returned -46.4% over the past year.
Return vs Market: CVE underperformed the Canadian Market which returned -25.5% over the past year.
Price Volatility Vs. Market
How volatile is Cenovus Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StBearish: Analysts Just Cut Their Cenovus Energy Inc. (TSE:CVE) Revenue and EPS estimates
3 weeks ago | Simply Wall StCenovus Energy Inc. (TSE:CVE) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
3 weeks ago | Simply Wall StAre Cenovus Energy Inc.’s (TSE:CVE) Returns On Investment Worth Your While?
Is Cenovus Energy undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CVE (CA$2.35) is trading below our estimate of fair value (CA$13.76)
Significantly Below Fair Value: CVE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CVE is good value based on its PE Ratio (1.3x) compared to the Oil and Gas industry average (6x).
PE vs Market: CVE is good value based on its PE Ratio (1.3x) compared to the Canadian market (10.6x).
Price to Earnings Growth Ratio
PEG Ratio: CVE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CVE is good value based on its PB Ratio (0.2x) compared to the CA Oil and Gas industry average (0.4x).
How is Cenovus Energy forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CVE's earnings are forecast to decline over the next 3 years (-91.4% per year).
Earnings vs Market: CVE's earnings are forecast to decline over the next 3 years (-91.4% per year).
High Growth Earnings: CVE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CVE's revenue is expected to decline over the next 3 years (-9.6% per year).
High Growth Revenue: CVE's revenue is forecast to decline over the next 3 years (-9.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CVE's Return on Equity is forecast to be low in 3 years time (2.1%).
How has Cenovus Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CVE has high quality earnings.
Growing Profit Margin: CVE became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CVE's earnings have declined by -10.2% per year over the past 5 years.
Accelerating Growth: CVE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CVE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-2.5%).
Return on Equity
High ROE: CVE's Return on Equity (11.4%) is considered low.
How is Cenovus Energy's financial position?
Financial Position Analysis
Short Term Liabilities: CVE's short term assets (CA$3.3B) exceed its short term liabilities (CA$2.5B).
Long Term Liabilities: CVE's short term assets (CA$3.3B) do not cover its long term liabilities (CA$14.0B).
Debt to Equity History and Analysis
Debt Level: CVE's debt to equity ratio (34.9%) is considered satisfactory.
Reducing Debt: CVE's debt to equity ratio has reduced from 53.6% to 34.9% over the past 5 years.
Debt Coverage: CVE's debt is well covered by operating cash flow (49%).
Interest Coverage: CVE's interest payments on its debt are well covered by EBIT (3.3x coverage).
Inventory Level: CVE has a high level of physical assets or inventory.
Debt Coverage by Assets: CVE's debt is not covered by short term assets (assets are 0.5x debt).
What is Cenovus Energy's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CVE's dividend (10.64%) is higher than the bottom 25% of dividend payers in the Canadian market (2.73%).
High Dividend: CVE's dividend (10.64%) is in the top 25% of dividend payers in the Canadian market (8.76%)
Stability and Growth of Payments
Stable Dividend: CVE's dividend payments have been volatile in the past 10 years.
Growing Dividend: CVE's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (11.9%), CVE's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CVE's dividends in 3 years are forecast to be covered by earnings (61.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alex Pourbaix (53yo)
Mr. Alexander J. Pourbaix, also known as Alex, serves as President, Chief Executive Officer and director of Cenovus Energy Inc. since November 6, 2017. He has been Director of Canadian Utilities Limited si ...
CEO Compensation Analysis
Compensation vs Market: Alex's total compensation ($USD4.66M) is above average for companies of similar size in the Canadian market ($USD2.48M).
Compensation vs Earnings: Alex's compensation has been consistent with company performance over the past year.
|CEO, President & Director||2.33yrs||CA$6.56m||0.056% CA$1.6m|
|Executive VP & CFO||1.83yrs||CA$5.46m||0.0085% CA$245.5k|
|Executive VP & CTO||2.92yrs||CA$2.94m||0.044% CA$1.3m|
|Executive VP of Stakeholder Engagement||8.17yrs||CA$2.51m||0.0060% CA$173.3k|
|Executive Vice-President of Strategy & Corporate Development||0.17yr||CA$2.58m||0.0076% CA$220.3k|
|Director of Investor Relations||no data||no data||no data|
|Director of External Communications||no data||no data||no data|
|Senior Vice-President of Deep Basin||0.17yr||no data||0.0015% CA$42.2k|
|Senior Vice President of Corporate Services||2.25yrs||no data||0.00076% CA$21.9k|
|Executive Vice-President of Downstream||2.25yrs||no data||0.0055% CA$159.1k|
Experienced Management: CVE's management team is considered experienced (2.3 years average tenure).
|CEO, President & Director||2.33yrs||CA$6.56m||0.056% CA$1.6m|
|Independent Director||4.92yrs||CA$214.84k||0.00016% CA$4.6k|
|Independent Chairman of the Board||2.92yrs||CA$338.32k||0.0060% CA$174.7k|
|Independent Director||1.92yrs||CA$178.15k||0.0081% CA$235.1k|
|Independent Director||3.25yrs||CA$214.00k||0.014% CA$397.1k|
|Independent Director||1.92yrs||CA$178.15k||0.031% CA$907.1k|
|Independent Director||3.92yrs||CA$217.41k||0.0033% CA$94.1k|
|Independent Director||10.33yrs||CA$209.09k||0.00017% CA$4.9k|
|Independent Director||3.92yrs||CA$210.59k||0.0049% CA$140.9k|
|Independent Director||2.92yrs||CA$214.00k||0.0024% CA$70.8k|
Experienced Board: CVE's board of directors are considered experienced (3.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CVE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Cenovus Energy Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Cenovus Energy Inc.
- Ticker: CVE
- Exchange: TSX
- Founded: 2009
- Industry: Integrated Oil and Gas
- Sector: Energy
- Market Cap: CA$2.888b
- Shares outstanding: 1.23b
- Website: https://www.cenovus.com
Number of Employees
- Cenovus Energy Inc.
- 225, 6 Avenue SW
- PO Box 766
- T2P 0M5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CVE||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Nov 2009|
|CVE||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Nov 2009|
|CXD||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Nov 2009|
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company operates through Oil Sands, Deep Basin, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development. The Deep Basin segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta, as well as various interests in natural gas processing facilities. The Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. This segment owns a 50% ownership in Wood River and Borger refineries located in the United States; and owns and operates a crude-by-rail terminal in Alberta. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 02:34|
|End of Day Share Price||2020/03/27 00:00|
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.