Full history for every metric is available with a Kvantra account
Key financial summary
Financials in CAD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | CAD bn | 13.5 | 46.4 | 66.9 | 52.2 | 54.3 | 49.7 | 53.9 | 61.8 |
| Operating profit | CAD bn | 4.4 | 10.4 | ||||||
| Net profit | CAD bn | -2.38 | 0.59 | 6.45 | 4.11 | 3.14 | 3.93 | 6.66 | 9.13 |
| EPS reported | CAD | 2.15 | 3.58 | ||||||
| Operating cashflow per share | CAD | 4.55 | 6.64 | ||||||
| Capex per share | CAD | 2.66 | 2.58 | ||||||
| FCF per share | CAD | 1.88 | 4.06 | ||||||
| Free cash flow | CAD bn | 3.41 | 7.56 | ||||||
| Net debt | CAD bn | 8.29 | 8.46 | ||||||
| Book value equity | CAD bn | 31.6 | 34.2 | ||||||
| Book value per share | CAD | 17.38 | 18.28 | ||||||
| Number of shares | m | 1,819.86 | 1,871.19 | ||||||
| DPS (TTM paid) | CAD | 0.78 | 0.84 |
Financial summary
Financials in CAD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 10.80 | 12.51 | ||||||
| P/B LTM | x | 1.33 | 2.41 | ||||||
| P/S LTM | x | 0.85 | 1.53 | ||||||
| P/FCF LTM | x | 12.33 | 10.92 | ||||||
| EV/EBITDA LTM | x | 5.15 | 6.11 | ||||||
| EV/Sales LTM | x | 1.08 | 1.69 | ||||||
| Earnings Yield LTM | % | 9.26% | 7.99% | ||||||
| FCF Yield | % | 8.11% | 9.16% | ||||||
| Quality | |||||||||
| ROE | % | 12.43% | 21.02% | ||||||
| ROIC | % | 6.70% | 14.29% | ||||||
| Operating margin | % | 8.82% | 19.35% | ||||||
| Gross margin | % | 10.46% | 21.38% | ||||||
| FCF/Sales | % | 6.86% | 14.03% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +28.74% | +150.35% | ||||||
| Sales Growth YoY | % | -8.44% | +4.36% | ||||||
| Net Income Growth YoY | % | +25.08% | +148.88% | ||||||
| FCF Growth | % | -19.24% | +153.23% | ||||||
| Operating Profit Growth | % | -9.35% | +187.85% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 3.42% | 1.88% | ||||||
| Dividend Growth | % | -9.65% | +10.53% | ||||||
| Payout Ratio | % | 36.73% | 23.02% | ||||||
| FCF/Debt | x | 0.24 | 0.65 | ||||||
| Net Debt/EBITDA | x | 1.10 | 0.57 | ||||||
| EBIT/Net interest | x | 9.39 | 21.18 | ||||||
| Net debt/market cap | % | 19.73% | 10.25% | ||||||
| Net debt/Equity | x | 0.26 | 0.25 | ||||||
| Gross debt/equity | x | 0.45 | 0.34 | ||||||
ETFs that hold Cenovus Energy
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Capital Group International Focus Equity ETF | CGXU | 6 | 2.65% |
| iShares S&P/TSX Capped Energy Index ETF | XEG.TO | 3 | 14.61% |
| iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | CDZ.TO | 8 | 2.04% |
| Global X Canadian Oil and Gas Equity Covered Call ETF | ENCC.TO | 2 | 10.01% |
| Ninepoint Energy Fund - Series ETF | NNRG.NE | 3 | 9.84% |
| BMO Equal Weight Oil & Gas Index ETF | ZEO.TO | 2 | 9.48% |
| Global X Equal Weight Canadian Oil & Gas Index ETF | NRGY.TO | 1 | 10.38% |
| Global X Enhanced Canadian Oil And Gas Equity Covered Call ETF | ENCL.TO | 2 | 5.47% |
| CI RAFI Canadian Index ETF | PXC.TO | 9 | 3.12% |
| First Trust Canadian Capital Strength ETF | FST.TO | 6 | 4.43% |
Funds with Cenovus Energy among their ten largest holdings, largest fund first.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
Cenovus Energy Inc. is a global energy firm that, through its subsidiaries, engages in the exploration, production, and marketing of crude oil, natural gas liquids, and natural gas across Canada, the United States, and the Asia Pacific region. Its diverse operations are organized into six distinct business units: Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail. The Oil Sands division is dedicated to the development and extraction of bitumen and heavy oil resources in northern Alberta and Saskatchewan, encompassing significant projects like Foster Creek, Christina Lake, Sunrise, and Tucker, alongside its Lloydminster thermal and conventional heavy oil operations. The Conventional segment manages assets predominantly located in Alberta and British Columbia, specifically in areas such as Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake, and also holds stakes in various natural gas processing facilities. The Offshore segment focuses on exploration and development initiatives. Within Canadian Manufacturing, the company oversees the Lloydminster upgrading and asphalt refining complex, which processes heavy oil and bitumen into synthetic crude, diesel, asphalt, and other ancillary products; this segment also manages the Bruderheim crude-by-rail terminal and two ethanol production facilities. The U.S. Manufacturing arm specializes in refining crude oil to yield products such as diesel, gasoline, jet fuel, and asphalt. Lastly, the Retail segment is responsible for distributing and selling both its own and third-party refined petroleum products through retail, commercial, bulk outlets, and wholesale channels. Cenovus Energy Inc. was established in 2009 and its corporate headquarters are located in Calgary, Canada.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Capital Group International Focus Equity ETF | CGXU | 6 | 2.65% |
| iShares S&P/TSX Capped Energy Index ETF | XEG.TO | 3 | 14.61% |
| iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | CDZ.TO | 8 | 2.04% |
| Global X Canadian Oil and Gas Equity Covered Call ETF | ENCC.TO | 2 | 10.01% |
| Ninepoint Energy Fund - Series ETF | NNRG.NE | 3 | 9.84% |
| BMO Equal Weight Oil & Gas Index ETF | ZEO.TO | 2 | 9.48% |
| Global X Equal Weight Canadian Oil & Gas Index ETF | NRGY.TO | 1 | 10.38% |
| Global X Enhanced Canadian Oil And Gas Equity Covered Call ETF | ENCL.TO | 2 | 5.47% |
| CI RAFI Canadian Index ETF | PXC.TO | 9 | 3.12% |
| First Trust Canadian Capital Strength ETF | FST.TO | 6 | 4.43% |
Funds with Cenovus Energy among their ten largest holdings, largest fund first.
Based on consensus from external analysts. Not Kvantra's opinion.
Cenovus Energy Inc. is a global energy firm that, through its subsidiaries, engages in the exploration, production, and marketing of crude oil, natural gas liquids, and natural gas across Canada, the United States, and the Asia Pacific region. Its diverse operations are organized into six distinct business units: Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail. The Oil Sands division is dedicated to the development and extraction of bitumen and heavy oil resources in northern Alberta and Saskatchewan, encompassing significant projects like Foster Creek, Christina Lake, Sunrise, and Tucker, alongside its Lloydminster thermal and conventional heavy oil operations. The Conventional segment manages assets predominantly located in Alberta and British Columbia, specifically in areas such as Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake, and also holds stakes in various natural gas processing facilities. The Offshore segment focuses on exploration and development initiatives. Within Canadian Manufacturing, the company oversees the Lloydminster upgrading and asphalt refining complex, which processes heavy oil and bitumen into synthetic crude, diesel, asphalt, and other ancillary products; this segment also manages the Bruderheim crude-by-rail terminal and two ethanol production facilities. The U.S. Manufacturing arm specializes in refining crude oil to yield products such as diesel, gasoline, jet fuel, and asphalt. Lastly, the Retail segment is responsible for distributing and selling both its own and third-party refined petroleum products through retail, commercial, bulk outlets, and wholesale channels. Cenovus Energy Inc. was established in 2009 and its corporate headquarters are located in Calgary, Canada.
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