Financials Cenovus Energy Inc.

Equities

CVE

CA15135U1093

Integrated Oil & Gas

Market Closed - Toronto S.E. 01:30:00 13/07/2024 am IST 5-day change 1st Jan Change
27.15 CAD +0.22% Intraday chart for Cenovus Energy Inc. +1.38% +22.96%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 16,221 9,524 31,294 50,409 41,415 50,482 - -
Enterprise Value (EV) 1 24,650 18,465 40,885 54,691 46,475 54,228 54,014 54,853
P/E ratio 7.42 x -3.99 x 57.4 x 8.21 x 10.4 x 9.73 x 8.14 x 9.15 x
Yield 1.61% 0.81% 0.56% 1.33% 2.38% 2.77% 2.97% 3.81%
Capitalization / Revenue 0.76 x 0.7 x 0.68 x 0.75 x 0.79 x 0.88 x 0.86 x 0.89 x
EV / Revenue 1.15 x 1.36 x 0.88 x 0.82 x 0.89 x 0.95 x 0.93 x 0.97 x
EV / EBITDA 6.07 x 13.7 x 4.34 x 3.64 x 4.53 x 4.55 x 4.38 x 4.76 x
EV / FCF 11.7 x -25.9 x 12.2 x 7.11 x 15 x 10.2 x 9.48 x 8.92 x
FCF Yield 8.53% -3.86% 8.21% 14.1% 6.65% 9.78% 10.6% 11.2%
Price to Book 0.84 x 0.57 x 1.32 x 1.82 x 1.44 x 1.6 x 1.5 x 1.42 x
Nbr of stocks (in thousands) 12,28,828 12,28,870 20,17,677 19,18,887 18,75,669 18,59,373 - -
Reference price 2 13.20 7.750 15.51 26.27 22.08 27.15 27.15 27.15
Announcement Date 12/02/20 09/02/21 08/02/22 16/02/23 15/02/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 21,353 13,591 46,357 66,897 52,204 57,261 58,388 56,842
EBITDA 1 4,064 1,351 9,410 15,031 10,266 11,925 12,318 11,534
EBIT 1 1,815 -2,113 3,524 10,352 5,622 6,952 7,219 6,384
Operating Margin 8.5% -15.55% 7.6% 15.47% 10.77% 12.14% 12.36% 11.23%
Earnings before Tax (EBT) 1 1,397 -3,230 1,315 8,731 5,040 6,664 7,113 6,070
Net income 1 2,194 -2,379 587 6,450 4,109 5,025 5,226 4,539
Net margin 10.27% -17.5% 1.27% 9.64% 7.87% 8.78% 8.95% 7.99%
EPS 2 1.780 -1.940 0.2700 3.200 2.120 2.791 3.335 2.967
Free Cash Flow 1 2,102 -712 3,356 7,695 3,090 5,302 5,699 6,148
FCF margin 9.84% -5.24% 7.24% 11.5% 5.92% 9.26% 9.76% 10.82%
FCF Conversion (EBITDA) 51.72% - 35.66% 51.19% 30.1% 44.46% 46.26% 53.3%
FCF Conversion (Net income) 95.81% - 571.72% 119.3% 75.2% 105.51% 109.05% 135.43%
Dividend per Share 2 0.2125 0.0625 0.0875 0.3500 0.5250 0.7509 0.8056 1.033
Announcement Date 12/02/20 09/02/21 08/02/22 16/02/23 15/02/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 12,293 17,383 20,747 18,697 14,063 12,858 12,868 15,712 13,134 16,431 15,228 13,789 14,400 - -
EBITDA 1 2,501 5,424 6,594 4,361 2,645 1,903 2,806 5,081 2,248 2,881 3,133 2,842 2,915 2,656 2,679
EBIT 1 -151 4,394 5,462 3,314 1,175 798 1,734 3,884 978 1,686 2,312 2,250 2,219 1,461 1,482
Operating Margin -1.23% 25.28% 26.33% 17.72% 8.36% 6.21% 13.48% 24.72% 7.45% 10.26% 15.18% 16.32% 15.41% - -
Earnings before Tax (EBT) 1 -149 2,168 3,273 2,253 1,037 593 1,048 2,425 974 1,554 1,643 1,511 1,585 1,351 1,373
Net income 1 -408 1,625 2,432 1,609 784 636 866 1,864 743 1,176 1,217 1,114 1,170 979.2 995.5
Net margin -3.32% 9.35% 11.72% 8.61% 5.57% 4.95% 6.73% 11.86% 5.66% 7.16% 7.99% 8.08% 8.13% - -
EPS 2 -0.2100 0.7900 1.190 0.8100 0.3900 0.3200 0.4400 0.9700 0.3900 0.6200 0.6964 0.7024 0.6351 0.6805 0.6056
Dividend per Share 2 0.0350 0.0350 0.1050 0.1050 0.1050 0.1050 0.1400 0.1400 0.1400 0.1400 0.2250 0.1800 0.1800 0.1800 0.2070
Announcement Date 08/02/22 27/04/22 28/07/22 02/11/22 16/02/23 26/04/23 27/07/23 02/11/23 15/02/24 01/05/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,429 8,941 9,591 4,282 5,060 3,746 3,532 4,371
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.074 x 6.618 x 1.019 x 0.2849 x 0.4929 x 0.3141 x 0.2867 x 0.379 x
Free Cash Flow 1 2,102 -712 3,356 7,695 3,090 5,302 5,699 6,148
ROE (net income / shareholders' equity) 12% -13.3% 4.07% 24.6% 14.6% 16.2% 16.5% 14.3%
ROA (Net income/ Total Assets) 6.19% -6.95% 1.35% 11.7% 7.49% 8.36% 10% -
Assets 1 35,444 34,241 43,449 54,987 54,892 60,077 52,049 -
Book Value Per Share 2 15.60 13.60 11.80 14.40 15.30 17.00 18.10 19.10
Cash Flow per Share 2 3.030 0.1200 3.490 5.400 4.570 5.620 5.840 6.230
Capex 1 1,183 859 2,563 3,708 4,298 4,789 4,797 4,127
Capex / Sales 5.54% 6.32% 5.53% 5.54% 8.23% 8.36% 8.22% 7.26%
Announcement Date 12/02/20 09/02/21 08/02/22 16/02/23 15/02/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
27.15 CAD
Average target price
33.91 CAD
Spread / Average Target
+24.88%
Consensus
1st Jan change Capi.
+22.96% 37.08B
-14.70% 1,816B
+13.29% 447B
+55.43% 252B
+9.37% 232B
+3.08% 160B
+2.44% 94.04B
-9.87% 75.02B
-.--% 53.28B
-6.87% 49.67B
Integrated Oil & Gas
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