Cenovus Energy Inc.

OTCPK:CNVE.F Stock Report

Market Cap: US$29.6b

Cenovus Energy Valuation

Is CNVE.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CNVE.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CNVE.F ($12.69) is trading below our estimate of fair value ($31.97)

Significantly Below Fair Value: CNVE.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CNVE.F?

Key metric: As CNVE.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CNVE.F. This is calculated by dividing CNVE.F's market cap by their current earnings.
What is CNVE.F's PE Ratio?
PE Ratio11.2x
EarningsCA$3.70b
Market CapCA$41.32b

Price to Earnings Ratio vs Peers

How does CNVE.F's PE Ratio compare to its peers?

The above table shows the PE ratio for CNVE.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.7x
OXY Occidental Petroleum
13.8x8.5%US$48.7b
CVX Chevron
17.5x7.0%US$291.8b
XOM Exxon Mobil
15.9x4.9%US$535.3b
DVN Devon Energy
7.6x-4.2%US$25.9b
CNVE.F Cenovus Energy
11.2x5.0%US$41.3b

Price-To-Earnings vs Peers: CNVE.F is good value based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (13.7x).

Price to Earnings Ratio vs Industry

How does CNVE.F's PE Ratio compare vs other companies in the US Oil and Gas Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
BYRO.F Byron Energy
0.03x-10.3%US$312.17k
USOP.Y U.S. Oil and Gas
n/an/aUS$6.00
No more companies available in this PE range
CNVE.F 11.2xIndustry Avg. 11.6xNo. of Companies18PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CNVE.F is good value based on its Price-To-Earnings Ratio (11.2x) compared to the US Oil and Gas industry average (11.6x).

Price to Earnings Ratio vs Fair Ratio

What is CNVE.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CNVE.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CNVE.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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