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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 0.30
CVE's Cash to Debt is ranked lower than
62% of the 69 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 0.45 vs. CVE: 0.30 )
Ranked among companies with meaningful Cash to Debt only.
CVE' s 10-Year Cash to Debt Range
Min: 0.03  Med: 0.15 Max: N/A
Current: 0.3
Equity to Asset 0.43
CVE's Equity to Asset is ranked lower than
53% of the 64 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 0.43 vs. CVE: 0.43 )
Ranked among companies with meaningful Equity to Asset only.
CVE' s 10-Year Equity to Asset Range
Min: 0.39  Med: 0.42 Max: 0.46
Current: 0.43
0.39
0.46
Interest Coverage 6.10
CVE's Interest Coverage is ranked lower than
72% of the 39 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 16.70 vs. CVE: 6.10 )
Ranked among companies with meaningful Interest Coverage only.
CVE' s 10-Year Interest Coverage Range
Min: 2.97  Med: 6.07 Max: 14.19
Current: 6.1
2.97
14.19
F-Score: 3
Z-Score: 1.57
M-Score: -3.43
WACC vs ROIC
9.44%
4.62%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 5.95
CVE's Operating margin (%) is ranked higher than
57% of the 69 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 4.63 vs. CVE: 5.95 )
Ranked among companies with meaningful Operating margin (%) only.
CVE' s 10-Year Operating margin (%) Range
Min: 9.28  Med: 11.29 Max: 18.68
Current: 5.95
9.28
18.68
Net-margin (%) -0.94
CVE's Net-margin (%) is ranked lower than
74% of the 69 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 2.36 vs. CVE: -0.94 )
Ranked among companies with meaningful Net-margin (%) only.
CVE' s 10-Year Net-margin (%) Range
Min: 3.49  Med: 7.10 Max: 14.3
Current: -0.94
3.49
14.3
ROE (%) -1.63
CVE's ROE (%) is ranked lower than
71% of the 69 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 4.95 vs. CVE: -1.63 )
Ranked among companies with meaningful ROE (%) only.
CVE' s 10-Year ROE (%) Range
Min: 6.71  Med: 9.49 Max: 15.23
Current: -1.63
6.71
15.23
ROA (%) -0.68
CVE's ROA (%) is ranked lower than
71% of the 69 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 2.05 vs. CVE: -0.68 )
Ranked among companies with meaningful ROA (%) only.
CVE' s 10-Year ROA (%) Range
Min: 2.68  Med: 4.00 Max: 6.67
Current: -0.68
2.68
6.67
ROC (Joel Greenblatt) (%) 1.72
CVE's ROC (Joel Greenblatt) (%) is ranked lower than
68% of the 69 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 6.57 vs. CVE: 1.72 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
CVE' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 7.63  Med: 12.28 Max: 18.11
Current: 1.72
7.63
18.11
Revenue Growth (3Y)(%) 7.50
CVE's Revenue Growth (3Y)(%) is ranked higher than
65% of the 60 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 4.50 vs. CVE: 7.50 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
CVE' s 10-Year Revenue Growth (3Y)(%) Range
Min: -7.3  Med: 10.25 Max: 14
Current: 7.5
-7.3
14
EBITDA Growth (3Y)(%) -3.70
CVE's EBITDA Growth (3Y)(%) is ranked lower than
55% of the 53 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: -1.60 vs. CVE: -3.70 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
CVE' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -12.1  Med: -0.95 Max: 7.8
Current: -3.7
-12.1
7.8
EPS Growth (3Y)(%) -20.50
CVE's EPS Growth (3Y)(%) is ranked lower than
70% of the 46 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: -11.20 vs. CVE: -20.50 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
CVE' s 10-Year EPS Growth (3Y)(%) Range
Min: -20.5  Med: -17.70 Max: 6.3
Current: -20.5
-20.5
6.3
» CVE's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

CVE Guru Trades in Q2 2014

Ray Dalio 303,300 sh (+25.33%)
First Eagle Investment 34,040,355 sh (+4.01%)
Jeremy Grantham 479,600 sh (+0.13%)
Bill Nygren 3,930,000 sh (unchged)
Murray Stahl 8,910 sh (unchged)
Jim Simons 87,300 sh (-85.02%)
» More
Q3 2014

CVE Guru Trades in Q3 2014

Jim Simons 352,800 sh (+304.12%)
First Eagle Investment 34,616,945 sh (+1.69%)
Bill Nygren 3,930,000 sh (unchged)
Jeremy Grantham 479,600 sh (unchged)
Murray Stahl 8,510 sh (-4.49%)
Ray Dalio 200,500 sh (-33.89%)
» More
Q4 2014

CVE Guru Trades in Q4 2014

Murray Stahl 11,310 sh (+32.90%)
First Eagle Investment 37,202,883 sh (+7.47%)
Bill Nygren Sold Out
Jim Simons Sold Out
Ray Dalio 182,700 sh (-8.88%)
Jeremy Grantham 405,000 sh (-15.55%)
» More
Q1 2015

CVE Guru Trades in Q1 2015

George Soros 2,837,240 sh (New)
Jim Simons 888,900 sh (New)
Jeremy Grantham 595,500 sh (+47.04%)
Murray Stahl 13,310 sh (+17.68%)
Ray Dalio 211,900 sh (+15.98%)
First Eagle Investment 36,747,273 sh (-1.22%)
» More
» Details

Insider Trades

Latest Guru Trades with CVE

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Guru Investment Theses on Cenovus Energy Inc

Bill Nygren Comments on Cenovus Energy Inc - Jan 09, 2015

Another way we seek to capture losses is to replace losing stocks with similar, but equally attractive, stocks. An example in the Oakmark Fund from this past quarter was selling our remaining Cenovus (CVE) shares and redeploying the proceeds into Chesapeake (CHK). We believe Cenovus is a fine, well-managed company, but due to rapidly declining oil prices, it had fallen beneath our purchase price. Another company we believed was also fine and well-managed, Chesapeake, had fallen to a price where it appeared to us to be more attractive than Cenovus. So even though Cenovus was far beneath our sell target, we captured the loss, increased our exposure to an energy sector we thought was cheap and switched to a stock we believed was somewhat more attractive.

From Bill Nygren (Trades, Portfolio)'s 4Q 2014 Market Commentary.

Check out Bill Nygren latest stock trades

Tweedy Browne Comments on Cenovus - May 06, 2014

n addition to this new position, we got a trading opportunity in Cenovus (CVE), the Canadian oil sands company, and added it to the Global Value Fund and Global Value Fund II – Currency Unhedged. It had previously only been held in the Worldwide High Dividend Yield Value Fund. We also added to our positions in Banco Santander Brasil, Antofagasta, Bangkok Bank, Imperial Tobacco, and Unilever.

From Tweedy Browne (Trades, Portfolio)'s first quarter 2014 letter to investors.

Check out Tweedy Browne latest stock trades

Tweedy Browne Comments on Cenovus - Oct 21, 2013

We also added Cenovus (CVE) to the Worldwide High Dividend portfolio during the quarter. This Canadian oilsands operator has a strong production growth profile with low cost in situ oilsands reserves. At purchase, Cenovus was trading at a substantial discount from our estimate of intrinsic value and was paying a dividend yield of 3.2%.

From Tweedy Browne's third quarter 2013 commentary.
Check out Tweedy Browne latest stock trades

Top Ranked Articles about Cenovus Energy Inc

Bill Nygren Comments on Cenovus Energy Inc
Another way we seek to capture losses is to replace losing stocks with similar, but equally attractive, stocks. An example in the Oakmark Fund from this past quarter was selling our remaining Cenovus (CVE) shares and redeploying the proceeds into Chesapeake (CHK). We believe Cenovus is a fine, well-managed company, but due to rapidly declining oil prices, it had fallen beneath our purchase price. Another company we believed was also fine and well-managed, Chesapeake, had fallen to a price where it appeared to us to be more attractive than Cenovus. So even though Cenovus was far beneath our sell target, we captured the loss, increased our exposure to an energy sector we thought was cheap and switched to a stock we believed was somewhat more attractive. Read more...

Ratios

vs
industry
vs
history
Forward P/E 144.93
CVE's Forward P/E is ranked lower than
100% of the 39 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 13.33 vs. CVE: 144.93 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 1.45
CVE's P/B is ranked lower than
61% of the 66 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 1.18 vs. CVE: 1.45 )
Ranked among companies with meaningful P/B only.
CVE' s 10-Year P/B Range
Min: 1.45  Med: 2.36 Max: 3.51
Current: 1.45
1.45
3.51
P/S 0.82
CVE's P/S is ranked lower than
51% of the 68 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 0.81 vs. CVE: 0.82 )
Ranked among companies with meaningful P/S only.
CVE' s 10-Year P/S Range
Min: 0.76  Med: 1.45 Max: 2.18
Current: 0.82
0.76
2.18
PFCF 24.92
CVE's PFCF is ranked lower than
71% of the 34 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 9.63 vs. CVE: 24.92 )
Ranked among companies with meaningful PFCF only.
CVE' s 10-Year PFCF Range
Min: 16.1  Med: 70.59 Max: 807.75
Current: 24.92
16.1
807.75
POCF 4.42
CVE's POCF is ranked higher than
54% of the 54 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 4.82 vs. CVE: 4.42 )
Ranked among companies with meaningful POCF only.
CVE' s 10-Year POCF Range
Min: 4.32  Med: 7.16 Max: 12.19
Current: 4.42
4.32
12.19
EV-to-EBIT 61.08
CVE's EV-to-EBIT is ranked lower than
90% of the 52 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 13.15 vs. CVE: 61.08 )
Ranked among companies with meaningful EV-to-EBIT only.
CVE' s 10-Year EV-to-EBIT Range
Min: 9.8  Med: 14.75 Max: 36.6
Current: 61.08
9.8
36.6
Shiller P/E 18.31
CVE's Shiller P/E is ranked lower than
77% of the 35 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 11.09 vs. CVE: 18.31 )
Ranked among companies with meaningful Shiller P/E only.
CVE' s 10-Year Shiller P/E Range
Min: 15.22  Med: 19.36 Max: 22.02
Current: 18.31
15.22
22.02
Current Ratio 1.97
CVE's Current Ratio is ranked higher than
83% of the 66 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 1.32 vs. CVE: 1.97 )
Ranked among companies with meaningful Current Ratio only.
CVE' s 10-Year Current Ratio Range
Min: 0.96  Med: 1.33 Max: 1.97
Current: 1.97
0.96
1.97
Quick Ratio 1.45
CVE's Quick Ratio is ranked higher than
79% of the 66 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 1.02 vs. CVE: 1.45 )
Ranked among companies with meaningful Quick Ratio only.
CVE' s 10-Year Quick Ratio Range
Min: 0.66  Med: 0.93 Max: 1.45
Current: 1.45
0.66
1.45
Days Inventory 35.85
CVE's Days Inventory is ranked lower than
51% of the 65 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 35.00 vs. CVE: 35.85 )
Ranked among companies with meaningful Days Inventory only.
CVE' s 10-Year Days Inventory Range
Min: 28.31  Med: 31.88 Max: 37.35
Current: 35.85
28.31
37.35
Days Sales Outstanding 27.48
CVE's Days Sales Outstanding is ranked higher than
61% of the 62 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 33.53 vs. CVE: 27.48 )
Ranked among companies with meaningful Days Sales Outstanding only.
CVE' s 10-Year Days Sales Outstanding Range
Min: 13.18  Med: 28.72 Max: 36.01
Current: 27.48
13.18
36.01

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 5.69
CVE's Dividend Yield is ranked higher than
50% of the 128 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 5.69 vs. CVE: 5.69 )
Ranked among companies with meaningful Dividend Yield only.
CVE' s 10-Year Dividend Yield Range
Min: 0.67  Med: 2.61 Max: 5.47
Current: 5.69
0.67
5.47
Dividend Payout 1.08
CVE's Dividend Payout is ranked lower than
72% of the 97 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 0.51 vs. CVE: 1.08 )
Ranked among companies with meaningful Dividend Payout only.
CVE' s 10-Year Dividend Payout Range
Min: 0.23  Med: 0.57 Max: 3.33
Current: 1.08
0.23
3.33
Dividend growth (3y) 10.00
CVE's Dividend growth (3y) is ranked higher than
59% of the 37 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 7.70 vs. CVE: 10.00 )
Ranked among companies with meaningful Dividend growth (3y) only.
CVE' s 10-Year Dividend growth (3y) Range
Min: 0  Med: 3.30 Max: 10
Current: 10
0
10
Yield on cost (5-Year) 5.69
CVE's Yield on cost (5-Year) is ranked lower than
76% of the 130 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 7.00 vs. CVE: 5.69 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
CVE' s 10-Year Yield on cost (5-Year) Range
Min: 0.67  Med: 2.61 Max: 5.37
Current: 5.69
0.67
5.37

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.48
CVE's Price/Tangible Book is ranked lower than
55% of the 65 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 1.31 vs. CVE: 1.48 )
Ranked among companies with meaningful Price/Tangible Book only.
CVE' s 10-Year Price/Tangible Book Range
Min: 1.62  Med: 2.60 Max: 4.01
Current: 1.48
1.62
4.01
Price/Projected FCF 1.18
CVE's Price/Projected FCF is ranked lower than
56% of the 34 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 1.11 vs. CVE: 1.18 )
Ranked among companies with meaningful Price/Projected FCF only.
CVE' s 10-Year Price/Projected FCF Range
Min: 1.3  Med: 1.44 Max: 1.68
Current: 1.18
1.3
1.68
Price/Median PS Value 0.56
CVE's Price/Median PS Value is ranked higher than
78% of the 63 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 0.86 vs. CVE: 0.56 )
Ranked among companies with meaningful Price/Median PS Value only.
CVE' s 10-Year Price/Median PS Value Range
Min: 0.62  Med: 1.01 Max: 1.49
Current: 0.56
0.62
1.49
Earnings Yield (Greenblatt) (%) 1.60
CVE's Earnings Yield (Greenblatt) (%) is ranked lower than
68% of the 68 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 4.40 vs. CVE: 1.60 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CVE' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 2.7  Med: 6.80 Max: 10.3
Current: 1.6
2.7
10.3
Forward Rate of Return (Yacktman) (%) 2.32
CVE's Forward Rate of Return (Yacktman) (%) is ranked lower than
59% of the 37 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 3.48 vs. CVE: 2.32 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
CVE' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: 2.1  Med: 6.00 Max: 7.8
Current: 2.32
2.1
7.8

Business Description

Industry: Oil & Gas - Integrated » Oil & Gas Integrated
Compare: » details
Traded in other countries:CVE.Canada, CXD.Germany,
Cenovus Energy Inc was incorporated on September 24, 2008 under the CBCA as 7050372 Canada Inc. It is an integrated oil company. The Company is in the business of developing, producing and marketing crude oil, NGLs and natural gas in Canada with refining operations in the United States. The Company's reportable segments are Oil Sands, Conventional, and Refining and Marketing. Oil Sands includes the development and production of its bitumen assets at Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development, such as Grand Rapids and Telephone Lake. The Athabasca natural gas assets also form part of this segment. Certain of the Company's operated oil sands properties, notably Foster Creek, Christina Lake and Narrows Lake, are jointly owned with ConocoPhillips, an unrelated U.S. public company. Conventional includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake. This segment also includes the CO2 enhanced oil recovery ("EOR") project at Weyburn and emerging tight oil opportunities. Refining and Marketing is responsible for transporting, selling and refining crude oil into petroleum and chemical products. It jointly owns two refineries in the U.S. with the operator Phillips 66, an unrelated U.S. public company. This segment coordinates the Company's marketing and transportation initiatives to optimize product mix, delivery points, transportation commitments and customer diversification. All of the Company's reserves and production are located in Canada, primarily within the provinces of Alberta and Saskatchewan. It competes with other producers and refiners. All of the Company's operations are subject to regulation and intervention by governments that can affect or prohibit the drilling, completion and tie-in of wells, production, the construction or expansion of facilities and refineries and the operation and abandonment of fields.
» More Articles for CVE

Headlines

Articles On GuruFocus.com
First Eagle Overseas Fund Q1 2015 Commentary May 22 2015 
oil Mar 26 2015 
Cenovus Energy: Lowering Of Capital Budget A Positive Move Feb 03 2015 
Bill Nygren Comments on Cenovus Energy Inc Jan 09 2015 
Bill Nygren’s 4Q 2014 Market Commentary Jan 08 2015 
Reasons To Buy Cenovus Energy Jan 05 2015 
Cenovus Energy Slashes Its Capital Budget By 15% For 2015 Dec 22 2014 
oil Dec 16 2014 
First Eagle Overseas Fund Second Quarter 2014 Commentary Jul 24 2014 
Cenovus Energy: A Good Dividend Stock To Own Jul 20 2014 

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