(CVE) Cenovus Energy - NYSE
Sector: Energy | Industry: Oil & Gas Integrated | Exchange: NYSE (USA) | Market Cap: 52.625m USD | Total Return: 108.1% in 12m
Avg Turnover: 215M
EPS Trend: -38.6%
Qual. Beats: 1
Rev. Trend: 53.7%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
Rs Leader, Confidence
Cenovus Energy Inc. is a Calgary-based integrated energy firm operating across the full hydrocarbon value chain in Canada, the United States, and the Asia Pacific region. The company’s upstream operations focus on oil sands, heavy oil, and offshore production, while its downstream segment includes refining, upgrading, and retail fuel distribution. As an integrated producer, Cenovus mitigates regional price volatility by processing its own heavy crude into refined products like gasoline, diesel, and asphalt.
The company maintains a diverse infrastructure network, including pipeline gathering systems, crude-by-rail terminals, and ethanol plants. The integrated oil and gas sector often faces high capital intensity and sensitivity to the Western Canadian Select (WCS) price differential relative to global benchmarks. Investors can further evaluate these market dynamics and valuation metrics on ValueRay. Founded in 2009, Cenovus remains a major player in the development of bitumen and natural gas liquids across the Western Canadian Sedimentary Basin.
- WTI-WCS price differentials impact heavy oil netbacks and upstream profitability
- Refining utilization rates and crack spreads drive downstream cash flow growth
- Debt reduction targets and shareholder return frameworks dictate capital allocation
- Oil sands production volumes and steam-to-oil ratios influence operating margins
- Pipeline capacity constraints and egress options affect realized commodity pricing
| 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): 1.24 < 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: 11.80 > 6 (EBIT TTM 6.00b / 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 6.00b / Avg Total Assets 60.7b) |
| D: 1.01 (Book Value of Equity 32.6b / Total Liabilities 32.4b) |
| Altman-Z'' = 2.80 = 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 June 10, 2026, the stock is trading at USD 27.65 with a total of 8,271,783 shares traded.
Over the past week, the price has changed by -5.53%,
over one month by -5.08%,
over three months by +21.92% and
over the past year by +108.10%.
Cenovus Energy has received a consensus analysts rating of 4.26. Therefore, it is recommended to buy CVE.
- StrongBuy: 8
- Buy: 9
- Hold: 1
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 28.6 | 3.4% |
P/E Trailing = 15.5912
P/E Forward = 8.9366
P/S = 1.0794
P/B = 2.3655
P/EG = 0.45
Revenue TTM = 49.4b USD
EBIT TTM = 6.00b 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 = 67.0b USD (52.6b + Debt 16.9b - CCE 2.58b)
Interest Coverage Ratio = 11.80 (Ebit TTM 6.00b / Interest Expense TTM 508.3m)
EV/FCF = 15.36x (Enterprise Value 67.0b / FCF TTM 4.36b)
FCF Yield = 6.51% (FCF TTM 4.36b / Enterprise Value 67.0b)
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 = 1.03 (Enterprise Value 67.0b / Total Assets 65.0b)
Interest Expense / Debt = 3.01% (Interest Expense 508.3m / Debt 16.9b)
Taxrate = 14.56% (791.2m / 5.44b)
NOPAT = 5.13b (EBIT 6.00b * (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 = 1.24 (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 = 14.59% (EBIT 6.00b / Capital Employed (Equity 30.5b + L.T.Debt 10.6b))
RoIC = 9.22% (NOPAT 5.13b / Invested Capital 55.6b)
WACC = 7.51% (E(52.6b)/V(69.5b) * Re(9.10%) + D(16.9b)/V(69.5b) * Rd(3.01%) * (1-Tc(0.15)))
Discount Rate = 9.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -38.65 | 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=1.01 | Chg30d=+7.12% | Revisions=+33% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.67 | Chg30d=+9.25% | Revisions=+33% | Analysts=2
EPS current Year (2026-12-31): EPS=3.03 | Chg30d=+7.72% | Revisions=+43% | GrowthEPS=+101.5% | GrowthRev=+18.6%
EPS next Year (2027-12-31): EPS=2.54 | Chg30d=+5.08% | Revisions=+0% | GrowthEPS=-16.2% | GrowthRev=-9.4%
[Analyst] Revisions Ratio: +43%