Canadian Natural Resources Stock Current Valuation
| CNQ Stock | CAD 46.70 0.89 1.87% |
Valuation analysis of Canadian Natural Res helps investors to measure Canadian Natural's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. As of the 27th of November 2024, Enterprise Value Over EBITDA is likely to grow to 8.71. Also, Enterprise Value Multiple is likely to grow to 8.71. Fundamental drivers impacting Canadian Natural's valuation include:
Price Book 2.5799 | Enterprise Value 112.2 B | Enterprise Value Ebitda 6.6437 | Price Sales 2.8799 | Forward PE 12.7877 |
Fairly Valued
Today
Please note that Canadian Natural's price fluctuation is very steady at this time. Calculation of the real value of Canadian Natural Res is based on 3 months time horizon. Increasing Canadian Natural's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Canadian Natural is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Canadian Stock. However, Canadian Natural's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 46.7 | Real 47.55 | Hype 47.59 |
The intrinsic value of Canadian Natural's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Canadian Natural's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Canadian Natural Resources helps investors to forecast how Canadian stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Canadian Natural more accurately as focusing exclusively on Canadian Natural's fundamentals will not take into account other important factors: Canadian Natural Resources Company Current Valuation Analysis
Canadian Natural's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Canadian Natural Current Valuation | 112.24 B |
Most of Canadian Natural's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Canadian Natural Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Canadian Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Canadian Natural is extremely important. It helps to project a fair market value of Canadian Stock properly, considering its historical fundamentals such as Current Valuation. Since Canadian Natural's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Canadian Natural's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Canadian Natural's interrelated accounts and indicators.
Click cells to compare fundamentals
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Canadian Natural Resources has a Current Valuation of 112.24 B. This is 187.7% higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The current valuation for all Canada stocks is significantly lower than that of the firm.
Canadian Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canadian Natural's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canadian Natural could also be used in its relative valuation, which is a method of valuing Canadian Natural by comparing valuation metrics of similar companies.Canadian Natural is currently under evaluation in current valuation category among its peers.
Canadian Natural ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Canadian Natural's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Canadian Natural's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Canadian Fundamentals
| Return On Equity | 0.19 | ||||
| Return On Asset | 0.0821 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.32 % | ||||
| Current Valuation | 112.24 B | ||||
| Shares Outstanding | 2.11 B | ||||
| Shares Owned By Insiders | 4.27 % | ||||
| Shares Owned By Institutions | 75.89 % | ||||
| Number Of Shares Shorted | 31.94 M | ||||
| Price To Earning | 844.23 X | ||||
| Price To Book | 2.58 X | ||||
| Price To Sales | 2.88 X | ||||
| Revenue | 35.97 B | ||||
| Gross Profit | 23.61 B | ||||
| EBITDA | 17.24 B | ||||
| Net Income | 8.23 B | ||||
| Cash And Equivalents | 920 M | ||||
| Cash Per Share | 0.43 X | ||||
| Total Debt | 12.35 B | ||||
| Debt To Equity | 0.76 % | ||||
| Current Ratio | 0.83 X | ||||
| Book Value Per Share | 18.88 X | ||||
| Cash Flow From Operations | 12.35 B | ||||
| Short Ratio | 6.55 X | ||||
| Earnings Per Share | 3.52 X | ||||
| Price To Earnings To Growth | 0.33 X | ||||
| Target Price | 56.18 | ||||
| Number Of Employees | 10.27 K | ||||
| Beta | 1.88 | ||||
| Market Capitalization | 102.93 B | ||||
| Total Asset | 79.53 B | ||||
| Retained Earnings | 28.95 B | ||||
| Working Capital | (268 M) | ||||
| Current Asset | 4.06 B | ||||
| Current Liabilities | 4.59 B | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 3.54 % | ||||
| Net Asset | 79.53 B | ||||
| Last Dividend Paid | 2.08 |
About Canadian Natural Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canadian Natural Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Natural using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Natural Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Canadian Natural
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Natural position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Natural will appreciate offsetting losses from the drop in the long position's value.Moving against Canadian Stock
The ability to find closely correlated positions to Canadian Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Natural when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Natural - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Natural Resources to buy it.
The correlation of Canadian Natural is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Natural Res moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canadian Natural can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Natural Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.