Cenovus Energy Inc

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CVE : NYSE : Basic Materials
$14.84 | %
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 1,810,100
08/29/16 - 4:01 PM ET

Financial Analysis


CENOVUS ENERGY INC's gross profit margin for the second quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. CENOVUS ENERGY INC is extremely liquid. Currently, the Quick Ratio is 2.42 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 5.24% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)3007.03726.0
EBITDA ($mil)449.0783.0
EBIT ($mil)49.0269.0
Net Income ($mil)-267.0126.0


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)3780.01590.0
Total Assets ($mil)24714.025167.0
Total Debt ($mil)6132.05875.0
Equity ($mil)11677.011095.0


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin18.2923.83
EBITDA Margin14.9321.01
Operating Margin1.637.22
Sales Turnover0.460.64
Return on Assets3.13-2.62
Return on Equity6.63-5.94
Debt Q2 FY16 Q2 FY15
Current Ratio2.892.3
Debt/Capital0.340.35
Interest Expense90.085.0
Interest Coverage0.543.16


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)833.29833.29
Div / share0.040.22
EPS-0.320.15
Book value / share14.0113.31
Institutional Own % n/a n/a
Avg Daily Volume1820914.02170623.0

Valuation


SELL. The current P/E ratio indicates a significant discount compared to an average of 74.63 for the Oil, Gas & Consumable Fuels industry and a discount compared to the S&P 500 average of 25.13. For additional comparison, its price-to-book ratio of 1.07 indicates a significant discount versus the S&P 500 average of 2.82 and a significant discount versus the industry average of 13.98. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, CENOVUS ENERGY INC proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
CVE 16.09 Peers 74.63   CVE 9.96 Peers 10.83

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

CVE is trading at a significant discount to its peers.

 

Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

CVE is trading at a valuation on par to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
CVE NA Peers 44.69   CVE NA Peers 1.04

Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.

Ratio not available.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
CVE 1.07 Peers 13.98   CVE 208.13 Peers -231.15

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

CVE is trading at a significant discount to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

CVE is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
CVE 1.09 Peers 2.57   CVE -28.78 Peers -26.35

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

CVE is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

CVE significantly trails its peers on the basis of sales growth

 

 

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