Obermatt

Cenovus

TOR:CVE · CA15135U1093
Oil, Gas & Consumable FuelsX-Large

360

93
EV / EBIT73
Price / Owner Earnings56
Owner Earnings Yield78
Dividend Yield43
Price/Sales75
EV / Gross Profit48
Price/Book34
Return on Capital59
Cash Return on Capital82
Return on Equity63
EBIT Margin33
Gross Profitability59
Cash Conversion42
Accruals20
Owner Earnings Margin60
Sales growth62
Profit Growth82
Long-Term EPS Growth85
Owner Earnings Growth92
Reinvestment56
Price momentum98
Debt load50
Refinancing89
Debt Payback67
Liquidity74
Analyst ratings86
Opinion Changes46
Price Target Upside59
Market mood31
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Cenovus generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryCanada
IndustryOil, Gas & Consumable Fuels
SizeX-Large
TypePublic Company
ExchangeTSX
Founded2021
Employees5,221
ISINCA15135U1093
Last UpdateApr 2, 2026
Themes
BiofuelFreight ServiceCarbon Capture, Utilisation & Sequestration (CCUS) or (CCS)Energy ManagementNatural ResourcesOil and Gas

Description

Cenovus Energy Inc. (‘Cenovus’) operates as an integrated energy company, with crude oil and natural gas production operations in Canada and the Asia Pacific region, as well as upgrading, refining, and marketing operations in Canada and the United St…

Analysis

Middle-of-the-road

Cenovus Energy Inc. sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is attractive. The owner-earnings multiple stands at 14.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 2% a year, against analyst forecasts of 18%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is adequate. The company scores 16/20 on our value-creation score: strong value creator. Analysts lean positive.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
94
2023202420252026

All-time high

98

Dec 2025

All-time low

83

Mar 2026

Average rank

92

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
75
81
82
84
Price/Earnings
47
67
83
62
Price/Book
34
83
68
89
Dividend Yield
43
37
42
31
Value (overall)
48
73
82
81

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →