Cenovus Energy Inc
CVE
Market Cap$25.68B
Close$
Earnings Call Q1 2025
May 8, 2025 - AI Summary
Strong Financial Performance: Cenovus reported $2.8 billion of operating margin and approximately $2.2 billion of adjusted funds flow in Q1 2025, with upstream production averaging 819,000 BOE per day. Upstream operating margin saw a $380 million increase from Q4, benefiting from improved performance and higher sales volumes. The company achieved notable production levels at Christina Lake (238,000 barrels per day) and Foster Creek (203,000 barrels per day).
Capital Expenditure Guidance: The company expects a significant drop in capital investment to approximately $4 billion in 2026, down from $5 billion in 2025. This reduction is largely attributed to the anticipated completion of major projects, such as West White Rose. The firm aims to deliver consistent shareholder returns, underpinned by growth initiatives and strong operational discipline.
Dividend Increase: Cenovus approved an 11% increase in the annual base dividend to $0.80 per share, reinforcing the company’s commitment to shareholder returns. The dividend is designed to be sustainable at a WTI price of $45 per barrel and is expected to grow consistently as the company executes its growth projects.
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$29.12
105.6% upside
Current Fair Value
105.6% upsideUndervalued by 105.6% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $25.68 Billion |
|---|---|
| Enterprise Value | $33.75 Billion |
| Dividend Yield | $0.59 (4.86993736951983%) |
| Earnings per Share | $1.68 |
| Beta | 1.27 |
| Outstanding Shares | 1,821,325,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 12.35 |
|---|---|
| PEG | -45.83 |
| Price to Sales | 0.44 |
| Price to Book Ratio | 0.89 |
| Enterprise Value to Revenue | 0.58 |
| Enterprise Value to EBIT | 7.91 |
| Enterprise Value to Net Income | 11 |
| Total Debt to Enterprise | 0.32 |
| Debt to Equity | 0.36 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Cenovus Energy Inc
2,413 employees
CEO: Alexander Pourbaix Cenovus Energy Inc. is a Canadian integrated oil and natural gas company. It is committed to maximizing value by sustainably developing its assets in a safe, innovative and cost-efficient manner, integrating environmental, social and gov...