Canadian Natural Resources Ltd.
CNQ
Market Cap$82.37B
Close$
Earnings Call Q6 2023
February 29, 2024 - AI Summary
Canadian Natural Resources had a strong year in 2023, achieving record production levels and growing reserves organically.
The company's disciplined capital allocation strategy resulted in a strengthened balance sheet, significant returns to shareholders, and reaching a net debt milestone of $10 billion earlier than expected.
The 2024 capital budget is approximately $5.4 billion, strategically weighted towards longer cycle thermal development in the first half of the year and shorter growth in the second half, targeting strong exit production levels.
Exclusive for Stockcircle Pro members
Sign up
$95.67
25% upside
Current Fair Value
25% upsideUndervalued by 25% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $82.37 Billion |
|---|---|
| Enterprise Value | $89.46 Billion |
| Dividend Yield | $3.7904 (4.93%) |
| Earnings per Share | $5.63 |
| Beta | 0.82 |
| Outstanding Shares | 1,072,137,565 |
| Avg 30 Day Volume | 4,127,755 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 13.27 |
|---|---|
| PEG | 8.77 |
| Price to Sales | 3.06 |
| Price to Book Ratio | 2.73 |
| Enterprise Value to Revenue | 3.3 |
| Enterprise Value to EBIT | 11.34 |
| Enterprise Value to Net Income | 14 |
| Total Debt to Enterprise | 0.09 |
| Debt to Equity | 0.27 |
Revenue Sources
No data
ESG Score
No data