Canadian Natural Resources Stock EBITDA
| CNQ Stock | USD 34.84 0.29 0.84% |
Canadian Natural Resources fundamentals help investors to digest information that contributes to Canadian Natural's financial success or failures. It also enables traders to predict the movement of Canadian Stock. The fundamental analysis module provides a way to measure Canadian Natural's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Canadian Natural stock.
| Last Reported | Projected for Next Year | ||
| EBITDA | 17.6 B | 18.5 B |
Canadian | EBITDA |
Canadian Natural Resources Company EBITDA Analysis
Canadian Natural's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Current Canadian Natural EBITDA | 17.64 B |
Most of Canadian Natural's fundamental indicators, such as EBITDA, 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 EBITDA 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 EBITDA. 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.
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Canadian EBITDA Historical Pattern
Today, most investors in Canadian Natural Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Canadian Natural's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's ebitda growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Canadian Natural ebitda as a starting point in their analysis.
Canadian Natural EBITDA |
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In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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Canadian Ebitda
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According to the company disclosure, Canadian Natural Resources reported earnings before interest,tax, depreciation and amortization of 17.64 B. This is 194.19% higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The ebitda for all United States stocks is significantly lower than that of the firm.
Canadian EBITDA 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 EBITDA 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 ebitda 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.Environmental | Governance | Social |
Canadian Natural Institutional Holders
Institutional Holdings refers to the ownership stake in Canadian Natural that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Canadian Natural's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Canadian Natural's value.| Shares | 1832 Asset Management L.p | 2024-09-30 | 33.8 M | T. Rowe Price Investment Management,inc. | 2024-09-30 | 31.7 M | Mackenzie Investments | 2024-09-30 | 30.1 M | Yacktman Asset Management Co | 2024-09-30 | 29 M | Manufacturers Life Insurance Co | 2024-09-30 | 28.5 M | Cibc World Markets Inc. | 2024-06-30 | 26.6 M | Bank Of Nova Scotia | 2024-09-30 | 23 M | Cibc Global Asset Management Inc | 2024-09-30 | 22.8 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 22.8 M | Capital World Investors | 2024-09-30 | 278.9 M | Royal Bank Of Canada | 2024-06-30 | 114.8 M |
Canadian Fundamentals
| Return On Equity | 0.19 | ||||
| Return On Asset | 0.0821 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.32 % | ||||
| Current Valuation | 80.28 B | ||||
| Shares Outstanding | 2.11 B | ||||
| Shares Owned By Insiders | 4.27 % | ||||
| Shares Owned By Institutions | 75.89 % | ||||
| Number Of Shares Shorted | 21.57 M | ||||
| Price To Earning | 7.81 X | ||||
| Price To Book | 2.58 X | ||||
| Price To Sales | 2.06 X | ||||
| Revenue | 35.97 B | ||||
| Gross Profit | 23.61 B | ||||
| EBITDA | 17.64 B | ||||
| Net Income | 8.23 B | ||||
| Cash And Equivalents | 920 M | ||||
| Cash Per Share | 0.87 X | ||||
| Total Debt | 12.35 B | ||||
| Debt To Equity | 0.38 % | ||||
| Current Ratio | 0.78 X | ||||
| Book Value Per Share | 18.88 X | ||||
| Cash Flow From Operations | 12.35 B | ||||
| Short Ratio | 4.88 X | ||||
| Earnings Per Share | 2.52 X | ||||
| Price To Earnings To Growth | 12.75 X | ||||
| Target Price | 55.14 | ||||
| Number Of Employees | 10.27 K | ||||
| Beta | 1.88 | ||||
| Market Capitalization | 73.62 B | ||||
| Total Asset | 75.95 B | ||||
| Retained Earnings | 28.95 B | ||||
| Working Capital | (268 M) | ||||
| Current Asset | 4.06 B | ||||
| Current Liabilities | 4.59 B | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 4.13 % | ||||
| Net Asset | 75.95 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.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.Additional Tools for Canadian Stock Analysis
When running Canadian Natural's price analysis, check to measure Canadian Natural's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Natural is operating at the current time. Most of Canadian Natural's value examination focuses on studying past and present price action to predict the probability of Canadian Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Natural's price. Additionally, you may evaluate how the addition of Canadian Natural to your portfolios can decrease your overall portfolio volatility.