CVE Stock Overview
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States and the Asia Pacific region.
Cenovus Energy Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$15.16|
|52 Week High||CA$16.77|
|52 Week Low||CA$6.40|
|1 Month Change||2.43%|
|3 Month Change||44.52%|
|1 Year Change||134.31%|
|3 Year Change||40.76%|
|5 Year Change||-27.36%|
|Change since IPO||-46.43%|
Recent News & Updates
An Intrinsic Calculation For Cenovus Energy Inc. (TSE:CVE) Suggests It's 46% Undervalued
How far off is Cenovus Energy Inc. ( TSE:CVE ) from its intrinsic value? Using the most recent financial data, we'll...
|CVE||CA Oil and Gas||CA Market|
Return vs Industry: CVE exceeded the Canadian Oil and Gas industry which returned 46.3% over the past year.
Return vs Market: CVE exceeded the Canadian Market which returned 21.9% over the past year.
|CVE Average Weekly Movement||5.9%|
|Oil and Gas Industry Average Movement||9.9%|
|Market Average Movement||9.4%|
|10% most volatile stocks in CA Market||17.1%|
|10% least volatile stocks in CA Market||3.5%|
Stable Share Price: CVE is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: CVE's weekly volatility (6%) has been stable over the past year.
About the Company
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States and the Asia Pacific region. The company operates through Oil Sands, Conventional, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta.
Cenovus Energy Fundamentals Summary
|CVE fundamental statistics|
Is CVE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CVE income statement (TTM)|
|Cost of Revenue||CA$27.79b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.40|
|Net Profit Margin||2.28%|
How did CVE perform over the long term?See historical performance and comparison
0.9%Current Dividend Yield
Does CVE pay a reliable dividends?See CVE dividend history and benchmarks
|Cenovus Energy dividend dates|
|Ex Dividend Date||Dec 14 2021|
|Dividend Pay Date||Dec 31 2021|
|Days until Ex dividend||13 days|
|Days until Dividend pay date||30 days|
Does CVE pay a reliable dividends?See CVE dividend history and benchmarks
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$15.86) is trading below our estimate of fair value (CA$50.69)
Significantly Below Fair Value: CVE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CVE is poor value based on its PE Ratio (39.2x) compared to the Canadian Oil and Gas industry average (7.7x).
PE vs Market: CVE is poor value based on its PE Ratio (39.2x) compared to the Canadian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: CVE is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: CVE is good value based on its PB Ratio (1.3x) compared to the CA Oil and Gas industry average (1.9x).
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's forecast earnings growth (37.8% per year) is above the savings rate (1.6%).
Earnings vs Market: CVE's earnings (37.8% per year) are forecast to grow faster than the Canadian market (10.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CVE's revenue (5.4% per year) is forecast to grow slower than the Canadian market (5.6% per year).
High Growth Revenue: CVE's revenue (5.4% 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 (13.2%).
How has Cenovus Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CVE has a large one-off loss of CA$898.0M impacting its September 30 2021 financial results.
Growing Profit Margin: CVE became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CVE has become profitable over the past 5 years, growing earnings by -16.1% per year.
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 (132.3%).
Return on Equity
High ROE: CVE's Return on Equity (3.5%) is considered low.
How is Cenovus Energy's financial position?
Financial Position Analysis
Short Term Liabilities: CVE's short term assets (CA$9.5B) exceed its short term liabilities (CA$7.1B).
Long Term Liabilities: CVE's short term assets (CA$9.5B) do not cover its long term liabilities (CA$22.8B).
Debt to Equity History and Analysis
Debt Level: CVE's net debt to equity ratio (44.8%) is considered high.
Reducing Debt: CVE's debt to equity ratio has reduced from 54.1% to 53.5% over the past 5 years.
Debt Coverage: CVE's debt is well covered by operating cash flow (30.6%).
Interest Coverage: CVE's interest payments on its debt are well covered by EBIT (3.2x coverage).
What is Cenovus Energy current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CVE's dividend (0.88%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.59%).
High Dividend: CVE's dividend (0.88%) is low compared to the top 25% of dividend payers in the Canadian market (4.6%).
Stability and Growth of Payments
Stable Dividend: CVE is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: CVE is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: CVE is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CVE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alex Pourbaix (55 yo)
Mr. Alexander J. Pourbaix, also known as Alex, serves as President, Chief Executive Officer and director of Cenovus Energy Inc. since November 6, 2017. He has been Director of Canadian Utilities Limited si...
CEO Compensation Analysis
Compensation vs Market: Alex's total compensation ($USD7.44M) is above average for companies of similar size in the Canadian market ($USD5.54M).
Compensation vs Earnings: Alex's compensation has been consistent with company performance over the past year.
Experienced Management: CVE's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: CVE's board of directors are not considered experienced ( 2.1 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 been substantially diluted in the past year, with total shares outstanding growing by 64.2%.
Cenovus Energy Inc.'s 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$32.000b
- Shares outstanding: 2.02b
- Website: https://www.cenovus.com
Number of Employees
- Cenovus Energy Inc.
- 225, 6 Avenue South West
- PO Box 766
- T2P 0M5
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/30 23:07|
|End of Day Share Price||2021/11/30 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.