Cenovus Energy
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
4.664.313.223.20
Price/Sales ratio
0.480.520.570.58
Earnings per Share (EPS)
$3.17$3.43$4.58$4.61

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
24.3623.11-31.074.01-4.417.37-3.9753.317.9510.3010.42-4.41
Price/Sales ratio
0.901.081.370.780.550.750.690.640.710.810.690.55
Price/Book Value ratio
1.771.151.460.670.670.840.561.321.851.471.310.67
Price/Cash Flow ratio
5.149.6919.674.415.474.9234.685.284.495.733.834.92
Price/Free Cash Flow ratio
38.72-59.52-97.909.7215.177.69-16.159.326.7013.707.077.69
Price/Earnings Growth ratio
2.14-0.980.16-0.000.02-0.040.01-0.460.00-0.280.070.02
Dividend Yield
4.44%3.69%0.98%1.66%2.07%1.60%0.81%0.67%1.80%2.42%4.05%2.07%
Profitability Indicator Ratios
Gross Profit Margin
21.20%11.60%14.30%19.77%18.82%20.23%1.47%18.65%23.53%18.07%17.04%20.23%
Operating Profit Margin
8.42%-6.23%-2.45%1.39%-6.19%8.70%-15.95%7.94%15.28%10.36%9.15%-6.19%
Pretax Profit Margin
5.94%4.06%-7.54%12.79%-18.35%6.54%-23.76%2.69%12.16%9.65%8.66%-18.35%
Net Profit Margin
3.70%4.67%-4.43%19.44%-12.47%10.27%-17.50%1.20%8.98%7.87%6.71%-12.47%
Effective Tax Rate
37.74%-15.08%41.20%-2.34%25.72%-57.05%26.34%55.36%26.12%18.47%23.25%-57.05%
Return on Assets
3.01%2.39%-2.15%8.22%-7.58%6.14%-7.25%1.08%11.54%7.62%6.83%-7.58%
Return On Equity
7.30%4.98%-4.70%16.84%-15.27%11.42%-14.23%2.48%23.38%14.31%12.67%-15.27%
Return on Capital Employed
7.78%-3.44%-1.33%0.66%-4.07%5.59%-7.13%8.28%22.93%11.34%10.54%-4.07%
Liquidity Ratios
Current Ratio
1.413.482.551.121.221.301.26N/AN/AN/A1.591.22
Quick Ratio
1.003.042.090.810.830.690.791.101.010.910.950.83
Cash ratio
0.292.201.390.130.300.070.160.390.560.350.480.30
Days of Sales Outstanding
26.5731.2849.0334.1720.3525.8437.2720.8415.3522.4319.5125.84
Days of Inventory outstanding
28.1925.3242.8936.521.2932.8329.6836.0228.6734.3932.3721.29
Operating Cycle
54.7756.6191.9370.6741.6558.6766.9556.8744.0356.8251.8941.65
Days of Payables Outstanding
1.172.123.648.8516.1220.4416.5723.4715.509.1744.5016.12
Cash Conversion Cycle
53.6054.4888.2961.8125.5338.2350.3833.3928.5347.657.3838.23
Debt Ratios
Debt Ratio
0.220.250.250.230.260.180.230.230.150.130.130.18
Debt Equity Ratio
0.530.520.540.470.520.340.450.520.310.250.240.34
Long-term Debt to Capitalization
0.340.340.350.320.320.250.300.340.230.190.190.25
Total Debt to Capitalization
0.340.340.350.320.340.250.310.340.240.200.190.25
Interest Coverage Ratio
5.12-2.89-1.260.33-2.683.56-3.94N/AN/AN/A8.24-2.68
Cash Flow to Debt Ratio
0.640.220.130.320.230.490.030.471.291.011.390.23
Company Equity Multiplier
2.422.082.172.042.011.851.962.292.021.871.841.85
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.170.110.070.170.100.150.020.120.150.140.180.10
Free Cash Flow / Operating Cash Flow Ratio
0.13-0.16-0.200.450.360.63-2.140.560.670.410.530.36
Cash Flow Coverage Ratio
0.640.220.130.320.230.490.030.471.291.011.390.23
Short Term Coverage Ratio
N/AN/AN/AN/A3.15N/A2.2574.9299.1541.2736.123.15
Dividend Payout Ratio
108.19%85.43%-30.45%6.68%-9.17%11.85%-3.23%35.77%14.37%24.96%39.39%-9.17%