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CVE

Cenovus EnergyTSX:CVE Stock Report

Market Cap

CA$32.0b

7D

-6.6%

1Y

134.3%

Updated

30 Nov, 2021

Data

Company Financials +
CVE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance2/6
Financial Health4/6
Dividends0/6

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

Suncor Energy

TSX:SU

CA$46.3b

Imperial Oil

TSX:IMO

CA$29.0b

Chevron

NYSE:CVX

US$221.4b

ConocoPhillips

NYSE:COP

US$95.2b

Price History & Performance

Summary of all time highs, changes and price drops for Cenovus Energy
Historical stock prices
Current Share PriceCA$15.16
52 Week HighCA$16.77
52 Week LowCA$6.40
Beta3.71
1 Month Change2.43%
3 Month Change44.52%
1 Year Change134.31%
3 Year Change40.76%
5 Year Change-27.36%
Change since IPO-46.43%

Recent News & Updates

Aug 08
An Intrinsic Calculation For Cenovus Energy Inc. (TSE:CVE) Suggests It's 46% Undervalued

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...

Shareholder Returns

CVECA Oil and GasCA Market
7D-6.6%-0.2%-1.3%
1Y134.3%53.0%23.7%

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.

Price Volatility

Is CVE's price volatile compared to industry and market?
CVE volatility
CVE Average Weekly Movement5.9%
Oil and Gas Industry Average Movement9.9%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.1%
10% least volatile stocks in CA Market3.5%

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

FoundedEmployeesCEOWebsite
20092,413Alex Pourbaixhttps://www.cenovus.com

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

How do Cenovus Energy's earnings and revenue compare to its market cap?
CVE fundamental statistics
Market CapCA$32.00b
Earnings (TTM)CA$816.00m
Revenue (TTM)CA$35.86b

37.5x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CVE income statement (TTM)
RevenueCA$35.86b
Cost of RevenueCA$27.79b
Gross ProfitCA$8.07b
ExpensesCA$7.25b
EarningsCA$816.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.40
Gross Margin22.50%
Net Profit Margin2.28%
Debt/Equity Ratio53.5%

How did CVE perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

12%

Payout Ratio

Does CVE pay a reliable dividends?

See CVE dividend history and benchmarks
When do you need to buy CVE by to receive an upcoming dividend?
Cenovus Energy dividend dates
Ex Dividend DateDec 14 2021
Dividend Pay DateDec 31 2021
Days until Ex dividend13 days
Days until Dividend pay date30 days

Does CVE pay a reliable dividends?

See CVE dividend history and benchmarks

Valuation

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

>50%

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).


Future Growth

How is Cenovus Energy forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

37.8%

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%).


Past Performance

How has Cenovus Energy performed over the past 5 years?

-16.1%

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.


Financial Health

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).


Balance Sheet


Dividend

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

0.92%

Current Dividend Yield


Upcoming Dividend Payment

TodayNov 30 2021Ex Dividend DateDec 14 2021Dividend Pay DateDec 31 202117 days from Ex DividendBuy in the next 13 days to receive the upcoming dividend

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.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Alex Pourbaix (55 yo)

4yrs

Tenure

CA$9,511,999

Compensation

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.


Leadership Team

Experienced Management: CVE's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: CVE's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 64.2%.


Top Shareholders

Company Information

Cenovus Energy Inc.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Cenovus Energy Inc.
  • 225, 6 Avenue South West
  • PO Box 766
  • Calgary
  • Alberta
  • T2P 0M5
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 23:07
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.