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. More Details
Reasonable growth potential and fair value.
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 -35.9% over the past year.
Return vs Market: CVE underperformed the Canadian Market which returned -9.7% 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
2 weeks ago | Simply Wall StIs Cenovus Energy (TSE:CVE) Using Debt In A Risky Way?
1 month ago | Simply Wall StIs There An Opportunity With Cenovus Energy Inc.'s (TSE:CVE) 39% Undervaluation?
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$5.34) is trading below our estimate of fair value (CA$61.29)
Significantly Below Fair Value: CVE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CVE is unprofitable, so we can't compare its PE Ratio to the CA Oil and Gas industry average.
PE vs Market: CVE 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 CVE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CVE is good value based on its PB Ratio (0.4x) compared to the CA Oil and Gas industry average (0.8x).
How is Cenovus Energy forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CVE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: CVE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CVE's is expected to become profitable in the next 3 years.
Revenue vs Market: CVE's revenue (10.3% per year) is forecast to grow faster than the Canadian market (5.5% per year).
High Growth Revenue: CVE's revenue (10.3% per year) is forecast to grow slower than 20% 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 (1.1%).
How has Cenovus Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CVE is currently unprofitable.
Growing Profit Margin: CVE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CVE is unprofitable, and losses have increased over the past 5 years at a rate of 16.6% per year.
Accelerating Growth: Unable to compare CVE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CVE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.9%).
Return on Equity
High ROE: CVE has a negative Return on Equity (-10.01%), as it is currently unprofitable.
How is Cenovus Energy's financial position?
Financial Position Analysis
Short Term Liabilities: CVE's short term assets (CA$2.7B) exceed its short term liabilities (CA$2.2B).
Long Term Liabilities: CVE's short term assets (CA$2.7B) do not cover its long term liabilities (CA$14.4B).
Debt to Equity History and Analysis
Debt Level: CVE's debt to equity ratio (48.4%) is considered high.
Reducing Debt: CVE's debt to equity ratio has reduced from 52.8% to 48.4% over the past 5 years.
Debt Coverage: CVE's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: Insufficient data to determine if CVE's interest payments on its debt are well covered by EBIT.
What is Cenovus Energy current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CVE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CVE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CVE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CVE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: CVE is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CVE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alex Pourbaix (54 yo)
Mr. Alexander J. Pourbaix, also known as Alex, serves as President, Chief Executive Officer and director of Cenovus Energy Inc. since November 6, 2017. He has been Director of Canadian Utilities Limited si ...
CEO Compensation Analysis
Compensation vs Market: Alex's total compensation ($USD6.75M) is above average for companies of similar size in the Canadian market ($USD3.82M).
Compensation vs Earnings: Alex's compensation has increased whilst the company is unprofitable.
|CEO, President & Director||2.83yrs||CA$9.05m||0.056% |
|Executive VP & CFO||2.33yrs||CA$4.12m||0.011% |
|Executive VP & CTO||3.42yrs||CA$3.17m||0.044% |
|Executive VP of Stakeholder Engagement||8.67yrs||CA$2.88m||0.0060% |
|Executive Vice-President of Strategy & Corporate Development||0.67yr||CA$3.18m||0.0076% |
|Director of Investor Relations||no data||no data||no data|
|Senior Vice-President of Deep Basin||0.67yr||no data||0.0015% |
|Senior Vice President of Corporate Services||2.75yrs||no data||0.00076% |
|Executive Vice-President of Downstream||2.75yrs||no data||0.0055% |
|Executive Vice-President of Upstream||0.75yr||no data||0.0022% |
|Corporate Secretary||no data||no data||no data|
|Manager of External Communications||no data||no data||no data|
Experienced Management: CVE's management team is considered experienced (2.8 years average tenure).
|CEO, President & Director||2.83yrs||CA$9.05m||0.056% |
|Independent Director||5.42yrs||CA$214.07k||0.00016% |
|Independent Director||2.42yrs||CA$201.57k||0.011% |
|Independent Director||3.75yrs||CA$222.80k||0.014% |
|Independent Chairman of the Board||0.42yr||CA$201.57k||0.039% |
|Independent Director||4.42yrs||CA$216.00k||0.0033% |
|Independent Director||4.42yrs||CA$207.50k||0.0049% |
|Independent Director||1.17yrs||CA$158.17k||0.0065% |
|Independent Director||3.42yrs||CA$209.07k||0.0024% |
|Independent Director||0.42yr||no data||no data|
|Independent Director||1.42yrs||CA$178.92k||0.00034% |
Experienced Board: CVE's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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$6.562b
- 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, ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/25 06:16|
|End of Day Share Price||2020/09/24 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.