CVE Stock Analysis: Cenovus Energy | NYSE
Oil & Gas Integrated | NYSE, USA | Market Cap: 52.122m USD | 12M Return: 110.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 177M
EPS Trend: -38.6%
Qual. Beats: 1
Rev. Trend: 53.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Cenovus Energy Inc. is an integrated energy company that develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products across Canada, the United States, and China. The company operates through two main segments: Upstream, which includes bitumen and heavy oil development, natural gas and NGL operations in Alberta and British Columbia, and offshore exploration activities in Canadas East Coast and the Asia Pacific region; and Downstream, which encompasses refining operations such as the Lloydminster upgrading and asphalt refining complex, a crude-by-rail terminal at Bruderheim, two ethanol plants, and a fuels business producing gasoline, diesel, and jet fuel.
As an integrated oil and gas producer, Cenovuss business model spans the full hydrocarbon value chain, from resource extraction through refining and product marketing, which helps buffer the company against volatility in commodity prices. The company was founded in 2009 and is headquartered in Calgary, Canada.
- WCS heavy oil price differential widens, pressuring upstream margins
- Refining crack spreads tighten on weaker fuel demand
- Debt reduction accelerates following Husky acquisition
| Net Income: 4.64b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 0.64 > 1.0 |
| NWC/Revenue: 8.42% < 20% (prev 5.40%; Δ 3.01% < -1%) |
| CFO/TA 0.14 > 3% & CFO 9.10b > Net Income 4.64b |
| Net Debt (14.3b) to EBITDA (11.5b): 1.25 < 3 |
| Current Ratio: 1.57 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.88b) vs 12m ago 2.61% < -2% |
| Gross Margin: 19.60% > 18% (prev 20.97%; Δ -1.38% > 0.5%) |
| Asset Turnover: 81.38% > 50% (prev 104.8%; Δ -23.42% > 0%) |
| Interest Coverage Ratio: 11.69 > 6 (EBIT TTM 5.94b / Interest Expense TTM 508.3m) |
| A: 0.06 (Total Current Assets 11.5b - Total Current Liabilities 7.35b) / Total Assets 65.0b |
| B: 0.20 (Retained Earnings 13.2b / Total Assets 65.0b) |
| C: 0.10 (EBIT TTM 5.94b / Avg Total Assets 60.7b) |
| D: 1.01 (Book Value of Equity 32.6b / Total Liabilities 32.4b) |
| Altman-Z'' = 2.79 = A |
| DSRI: 1.90 (Receivables 4.79b/3.02b, Revenue 49.4b/59.1b) |
| GMI: 1.07 (GM 20.97% / 19.60%) |
| AQI: 1.04 (AQ_t 0.10 / AQ_t-1 0.09) |
| SGI: 0.84 (Revenue 49.4b / 59.1b) |
| TATA: -0.07 (NI 4.64b - CFO 9.10b) / TA 65.0b) |
| Beneish M = -2.33 (Cap -4..+1) = BBB |
As of July 22, 2026, the stock is trading at USD 28.79 with a total of 4,146,783 shares traded. Over the past week, the price has changed by +4.65%, over one month by +12.15%, over three months by +13.11% and over the past year by +110.84%.
Current recommended Stop Loss: 26.90 (which is 6.6% or 2.2 ATR below the current price).
Cenovus Energy has received a consensus analysts rating of 4.53. Therefore, it is recommended to buy CVE.
- StrongBuy: 10
- Buy: 6
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 34.4 | 19.5% |
P/E Trailing = 15.791
P/E Forward = 8.7413
P/S = 1.4009
P/B = 2.2756
P/EG = 0.45
Revenue TTM = 49.4b USD
EBIT TTM = 5.94b USD
EBITDA TTM = 11.5b USD
Long Term Debt = 10.6b USD (from longTermDebt, last quarter)
Short Term Debt = 375.0m USD (from shortTermDebt, last quarter)
Debt = 16.9b USD (from shortLongTermDebtTotal, last quarter) + Leases 3.12b
Net Debt = 14.3b USD (calculated: Debt 16.9b - CCE 2.58b)
Enterprise Value = 66.4b USD (52.1b + Debt 16.9b - CCE 2.58b)
Interest Coverage Ratio = 11.69 (Ebit TTM 5.94b / Interest Expense TTM 508.3m)
EV/FCF = 15.25x (Enterprise Value 66.4b / FCF TTM 4.36b)
FCF Yield = 6.56% (FCF TTM 4.36b / Enterprise Value 66.4b)
FCF Margin = 8.82% (FCF TTM 4.36b / Revenue TTM 49.4b)
Net Margin = 9.40% (Net Income TTM 4.64b / Revenue TTM 49.4b)
Gross Margin = 19.60% ((Revenue TTM 49.4b - Cost of Revenue TTM 39.7b) / Revenue TTM)
Gross Margin QoQ = 21.90% (prev 12.11%)
Tobins Q-Ratio = 1.02 (Enterprise Value 66.4b / Total Assets 65.0b)
Interest Expense / Debt = 3.01% (Interest Expense 508.3m / Debt 16.9b)
Taxrate = 14.56% (791.2m / 5.44b)
NOPAT = 5.08b (EBIT 5.94b * (1 - 14.56%))
Current Ratio = 1.57 (Total Current Assets 11.5b / Total Current Liabilities 7.35b)
Debt / Equity = 0.52 (Debt 16.9b / totalStockholderEquity, last quarter 32.6b)
Debt / EBITDA = 1.25 (Net Debt 14.3b / EBITDA 11.5b)
Debt / FCF = 3.29 (Net Debt 14.3b / FCF TTM 4.36b)
Total Stockholder Equity = 30.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.65% (Net Income 4.64b / Total Assets 65.0b)
RoE = 15.23% (Net Income TTM 4.64b / Total Stockholder Equity 30.5b)
RoCE = 14.45% (EBIT 5.94b / Capital Employed (Equity 30.5b + L.T.Debt 10.6b))
RoIC = 9.14% (NOPAT 5.08b / Invested Capital 55.6b)
WACC = 7.25% (E(52.1b)/V(69.0b) * Re(8.77%) + D(16.9b)/V(69.0b) * Rd(3.01%) * (1-Tc(0.15)))
Discount Rate = 8.77% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -41.35 | Cagr: -0.07%
[DCF] Terminal Value 77.97% ; FCFF base≈3.98b ; Y1≈4.56b ; Y5≈6.72b
[DCF] Fair Price = 46.52 (EV 101b - Net Debt 14.3b = Equity 86.8b / Shares 1.86b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -38.63 | EPS CAGR: -9.93% | SUE: 0.93 | # QB: 1
Revenue Correlation: 53.71 | Revenue CAGR: 7.57% | SUE: -0.44 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.16 | Chg30d=+14.93% | Revisions=+25% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.79 | Chg30d=+17.99% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=3.02 | Chg30d=-0.20% | Revisions=-25% | GrowthEPS=+101.0% | GrowthRev=+18.7%
EPS next Year (2027-12-31): EPS=2.42 | Chg30d=-4.77% | Revisions=-25% | GrowthEPS=-20.1% | GrowthRev=-9.0%
[Analyst] Revisions Ratio: +0% (up=2, down=2)