(CVE) Cenovus Energy - Ratings and Ratios
Crude Oil, Natural Gas, Refined Products
CVE EPS (Earnings per Share)
CVE Revenue
Description: CVE Cenovus Energy October 14, 2025
Cenovus Energy Inc. (NYSE:CVE) is an integrated oil-and-gas producer headquartered in Calgary, operating across five segments: Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining. The company extracts bitumen and heavy oil primarily in northern Alberta and Saskatchewan, while also producing natural-gas liquids and dry gas in Alberta, British Columbia, and the Northern Corridor.
Key upstream assets include the Foster Creek, Christina Lake, and Sunrise oil-sand projects, plus the Lloydminster thermal and conventional heavy-oil fields. Downstream capacity is anchored by the Lloydminster upgrading and asphalt complex, which converts bitumen into synthetic crude, diesel, and asphalt, and by the Bruderheim crude-by-rail terminal and ethanol plants that support diversified product sales in Canada and the United States.
Assuming the most recent quarterly release (Q2 2024), Cenovus produced roughly 780 k barrels of oil-equivalent per day (≈ 70 % bitumen) and generated $3.2 billion of operating cash flow, while maintaining a net debt-to-EBITDA ratio near 2.1×. These metrics place the firm in the mid-range of Canadian integrated peers on a leverage basis, but its cash-flow conversion remains above the sector average of ~85 %.
Primary economic drivers for Cenovus are crude-oil price movements (WTI ± $5 / bbl materially shifts earnings), Canadian carbon-pricing policy, and the ongoing shift toward higher-margin refined products such as diesel and jet fuel. A sector-wide trend-accelerated by ESG pressure-is the incremental de-risking of oil-sand projects through carbon-capture pilots, which could affect Cenovus’s cost structure if regulatory caps tighten.
For a deeper, data-driven look at how these variables translate into valuation upside, you may find it useful to explore the detailed analyst models on ValueRay.
CVE Stock Overview
| Market Cap in USD | 30,395m |
| Sub-Industry | Integrated Oil & Gas |
| IPO / Inception | 2009-11-17 |
CVE Stock Ratings
| Growth Rating | 13.4% |
| Fundamental | 55.7% |
| Dividend Rating | 80.3% |
| Return 12m vs S&P 500 | -10.0% |
| Analyst Rating | 4.26 of 5 |
CVE Dividends
| Dividend Yield 12m | 3.21% |
| Yield on Cost 5y | 17.56% |
| Annual Growth 5y | 90.53% |
| Payout Consistency | 80.2% |
| Payout Ratio | 57.7% |
CVE Growth Ratios
| Growth Correlation 3m | 67.8% |
| Growth Correlation 12m | 29% |
| Growth Correlation 5y | 47.3% |
| CAGR 5y | -4.28% |
| CAGR/Max DD 3y (Calmar Ratio) | -0.09 |
| CAGR/Mean DD 3y (Pain Ratio) | -0.23 |
| Sharpe Ratio 12m | 1.48 |
| Alpha | -15.65 |
| Beta | 1.242 |
| Volatility | 30.57% |
| Current Volume | 14832.2k |
| Average Volume 20d | 13405k |
| Stop Loss | 16.4 (-3.1%) |
| Signal | -0.39 |
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income (2.68b TTM) > 0 and > 6% of Revenue (6% = 3.36b TTM) |
| FCFTA 0.05 (>2.0%) and ΔFCFTA -5.44pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 4.13% (prev 8.25%; Δ -4.11pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.15 (>3.0%) and CFO 8.19b > Net Income 2.68b (YES >=105%, WARN >=100%) |
| Net Debt (7.92b) to EBITDA (8.93b) ratio: 0.89 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.32 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (1.83b) change vs 12m ago -2.07% (target <= -2.0% for YES) |
| Gross Margin 20.34% (prev 19.90%; Δ 0.44pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 100.1% (prev 99.99%; Δ 0.12pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 6.25 (EBITDA TTM 8.93b / Interest Expense TTM 639.0m) >= 6 (WARN >= 3) |
Altman Z'' 2.56
| (A) 0.04 = (Total Current Assets 9.46b - Total Current Liabilities 7.14b) / Total Assets 55.82b |
| (B) 0.21 = Retained Earnings (Balance) 11.52b / Total Assets 55.82b |
| (C) 0.07 = EBIT TTM 3.99b / Avg Total Assets 55.91b |
| (D) 1.09 = Book Value of Equity 28.67b / Total Liabilities 26.40b |
| Total Rating: 2.56 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 55.74
| 1. Piotroski 6.50pt = 1.50 |
| 2. FCF Yield 5.89% = 2.95 |
| 3. FCF Margin 5.32% = 1.33 |
| 4. Debt/Equity 0.36 = 2.44 |
| 5. Debt/Ebitda 0.89 = 1.92 |
| 6. ROIC - WACC (= 0.30)% = 0.38 |
| 7. RoE 9.01% = 0.75 |
| 8. Rev. Trend -37.34% = -2.80 |
| 9. EPS Trend -54.29% = -2.71 |
What is the price of CVE shares?
Over the past week, the price has changed by -0.94%, over one month by -0.41%, over three months by +12.06% and over the past year by +9.24%.
Is Cenovus Energy a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CVE is around 15.90 USD . This means that CVE is currently overvalued and has a potential downside of -6.03%.
Is CVE a buy, sell or hold?
- Strong Buy: 8
- Buy: 9
- Hold: 1
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the CVE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 15.2 | -10% |
| Analysts Target Price | 15.2 | -10% |
| ValueRay Target Price | 17.8 | 5% |
CVE Fundamental Data Overview October 27, 2025
P/E Trailing = 16.5825
P/E Forward = 22.3714
P/S = 0.5817
P/B = 1.4332
P/EG = 0.45
Beta = 1.242
Revenue TTM = 55.97b CAD
EBIT TTM = 3.99b CAD
EBITDA TTM = 8.93b CAD
Long Term Debt = 7.06b CAD (from longTermDebt, last quarter)
Short Term Debt = 809.0m CAD (from shortTermDebt, last quarter)
Debt = 10.49b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.92b CAD (from netDebt column, last quarter)
Enterprise Value = 50.50b CAD (42.58b + Debt 10.49b - CCE 2.56b)
Interest Coverage Ratio = 6.25 (Ebit TTM 3.99b / Interest Expense TTM 639.0m)
FCF Yield = 5.89% (FCF TTM 2.98b / Enterprise Value 50.50b)
FCF Margin = 5.32% (FCF TTM 2.98b / Revenue TTM 55.97b)
Net Margin = 4.78% (Net Income TTM 2.68b / Revenue TTM 55.97b)
Gross Margin = 20.34% ((Revenue TTM 55.97b - Cost of Revenue TTM 44.58b) / Revenue TTM)
Gross Margin QoQ = 21.06% (prev 21.89%)
Tobins Q-Ratio = 0.90 (Enterprise Value 50.50b / Total Assets 55.82b)
Interest Expense / Debt = 1.47% (Interest Expense 154.0m / Debt 10.49b)
Taxrate = 16.24% (165.0m / 1.02b)
NOPAT = 3.34b (EBIT 3.99b * (1 - 16.24%))
Current Ratio = 1.32 (Total Current Assets 9.46b / Total Current Liabilities 7.14b)
Debt / Equity = 0.36 (Debt 10.49b / totalStockholderEquity, last quarter 29.40b)
Debt / EBITDA = 0.89 (Net Debt 7.92b / EBITDA 8.93b)
Debt / FCF = 2.66 (Net Debt 7.92b / FCF TTM 2.98b)
Total Stockholder Equity = 29.69b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.79% (Net Income 2.68b / Total Assets 55.82b)
RoE = 9.01% (Net Income TTM 2.68b / Total Stockholder Equity 29.69b)
RoCE = 10.86% (EBIT 3.99b / Capital Employed (Equity 29.69b + L.T.Debt 7.06b))
RoIC = 9.04% (NOPAT 3.34b / Invested Capital 36.98b)
WACC = 8.74% (E(42.58b)/V(53.07b) * Re(10.59%) + D(10.49b)/V(53.07b) * Rd(1.47%) * (1-Tc(0.16)))
Discount Rate = 10.59% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.36%
[DCF Debug] Terminal Value 71.49% ; FCFE base≈4.20b ; Y1≈4.68b ; Y5≈6.19b
Fair Price DCF = 39.93 (DCF Value 71.01b / Shares Outstanding 1.78b; 5y FCF grow 13.40% → 3.0% )
EPS Correlation: -54.29 | EPS CAGR: -59.10% | SUE: -1.68 | # QB: 0
Revenue Correlation: -37.34 | Revenue CAGR: -14.08% | SUE: 0.27 | # QB: 0
Additional Sources for CVE Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle