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. More Details
High 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 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.
7 Day Return
CA Oil and Gas
1 Year Return
CA Oil and Gas
Return vs Industry: CVE exceeded the Canadian Oil and Gas industry which returned 43.4% over the past year.
Return vs Market: CVE exceeded the Canadian Market which returned 34.7% over the past year.
Long-Term 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
4 days ago | Simply Wall StThe Cenovus Energy (TSE:CVE) Share Price Is Up 94% And Shareholders Are Holding On
1 month ago | Simply Wall StAlexander Pourbaix Is The CEO, President & Director of Cenovus Energy Inc. (TSE:CVE) And They Just Picked Up 11% More Shares
1 month ago | Simply Wall StWhat Kind Of Investors Own Most Of Cenovus Energy Inc. (TSE:CVE)?
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$12.04) is trading below our estimate of fair value (CA$30.67)
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 Canadian 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 (1.1x) compared to the CA Oil and Gas industry average (1.7x).
How is Cenovus Energy forecast to perform in the next 1 to 3 years based on estimates from 5 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 (1.5%).
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 (21.6% per year) is forecast to grow faster than the Canadian market (5.7% per year).
High Growth Revenue: CVE's revenue (21.6% per year) is forecast to grow faster 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 (7.9%).
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 29.3% 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 (-33.9%).
Return on Equity
High ROE: CVE has a negative Return on Equity (-1.53%), as it is currently unprofitable.
How is Cenovus Energy's financial position?
Financial Position Analysis
Short Term Liabilities: CVE's short term assets (CA$7.2B) exceed its short term liabilities (CA$5.3B).
Long Term Liabilities: CVE's short term assets (CA$7.2B) do not cover its long term liabilities (CA$24.1B).
Debt to Equity History and Analysis
Debt Level: CVE's debt to equity ratio (60.2%) is considered high.
Reducing Debt: CVE's debt to equity ratio has increased from 51.1% to 60.2% over the past 5 years.
Debt Coverage: CVE's debt is not well covered by operating cash flow (2.6%).
Interest Coverage: Insufficient data to determine if CVE's interest payments on its debt are well covered by EBIT.
What is Cenovus Energy current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CVE's dividend (0.58%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.6%).
High Dividend: CVE's dividend (0.58%) is low compared to the top 25% of dividend payers in the Canadian market (4.47%).
Stability and Growth of Payments
Stable Dividend: CVE is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: CVE is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: CVE is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CVE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alex Pourbaix (54 yo)
Mr. Alexander J. Pourbaix, also known as Alex, serves as President, Chief Executive Officer and director of Cenovus Energy Inc. since November 6, 2017. He has been Director of Canadian Utilities Limited si...
CEO Compensation Analysis
Compensation vs Market: Alex's total compensation ($USD7.62M) is about average for companies of similar size in the Canadian market ($USD6.76M).
Compensation vs Earnings: Alex's compensation has increased whilst the company is unprofitable.
Experienced Management: CVE's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Experienced Board: CVE's board of directors are not considered experienced ( 1.7 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 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$24.290b
- 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
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 op...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/19 03:39|
|End of Day Share Price||2021/06/18 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.