Cenovus Energy Stock Net Income
| CVE Stock | USD 15.71 0.23 1.49% |
Cenovus Energy fundamentals help investors to digest information that contributes to Cenovus Energy's financial success or failures. It also enables traders to predict the movement of Cenovus Stock. The fundamental analysis module provides a way to measure Cenovus Energy'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 Cenovus Energy stock.
| Last Reported | Projected for Next Year | ||
| Net Income Applicable To Common Shares | 7.4 B | 7.7 B | |
| Net Income | 4.1 B | 4.3 B | |
| Net Income From Continuing Ops | 4.1 B | 4.3 B | |
| Net Income Per Share | 2.17 | 1.22 | |
| Net Income Per E B T | 0.82 | 0.65 |
Cenovus | Net Income |
Cenovus Energy Company Net Income Analysis
Cenovus Energy's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Cenovus Energy Net Income | 4.11 B |
Most of Cenovus Energy's fundamental indicators, such as Net Income, 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, Cenovus Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cenovus Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Cenovus Energy is extremely important. It helps to project a fair market value of Cenovus Stock properly, considering its historical fundamentals such as Net Income. Since Cenovus Energy'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 Cenovus Energy'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 Cenovus Energy's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Cenovus Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
|
Based on the recorded statements, Cenovus Energy reported net income of 4.11 B. This is 80.87% higher than that of the Oil, Gas & Consumable Fuels sector and 50.14% lower than that of the Energy industry. The net income for all United States stocks is significantly lower than that of the firm.
Cenovus Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cenovus Energy's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Cenovus Energy could also be used in its relative valuation, which is a method of valuing Cenovus Energy by comparing valuation metrics of similar companies.Cenovus Energy is currently under evaluation in net income category among its peers.
Cenovus Energy 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, Cenovus Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Cenovus Energy's managers, analysts, and investors.Environmental | Governance | Social |
Cenovus Energy Institutional Holders
Institutional Holdings refers to the ownership stake in Cenovus Energy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Cenovus Energy'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 Cenovus Energy's value.| Shares | Bmo Capital Markets Corp. | 2024-06-30 | 15.5 M | Smead Capital Management Inc | 2024-09-30 | 15.4 M | Millennium Management Llc | 2024-06-30 | 15.1 M | Goldman Sachs Group Inc | 2024-06-30 | 15 M | Connor Clark & Lunn Inv Mgmt Ltd | 2024-06-30 | 13 M | Mackenzie Investments | 2024-09-30 | 12.3 M | Bank Of America Corp | 2024-06-30 | 10.7 M | Egerton Capital Llp | 2024-06-30 | 10.3 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 9.8 M | Capital World Investors | 2024-09-30 | 165.3 M | Fmr Inc | 2024-09-30 | 55.3 M |
Cenovus Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0576 | ||||
| Profit Margin | 0.07 % | ||||
| Operating Margin | 0.07 % | ||||
| Current Valuation | 33.88 B | ||||
| Shares Outstanding | 1.83 B | ||||
| Shares Owned By Insiders | 32.22 % | ||||
| Shares Owned By Institutions | 51.07 % | ||||
| Number Of Shares Shorted | 15.04 M | ||||
| Price To Earning | 14.01 X | ||||
| Price To Book | 1.39 X | ||||
| Price To Sales | 0.52 X | ||||
| Revenue | 52.2 B | ||||
| Gross Profit | 16 B | ||||
| EBITDA | 10.39 B | ||||
| Net Income | 4.11 B | ||||
| Cash And Equivalents | 3.69 B | ||||
| Cash Per Share | 1.91 X | ||||
| Total Debt | 9.95 B | ||||
| Debt To Equity | 0.54 % | ||||
| Current Ratio | 1.73 X | ||||
| Book Value Per Share | 15.89 X | ||||
| Cash Flow From Operations | 7.39 B | ||||
| Short Ratio | 2.03 X | ||||
| Earnings Per Share | 1.42 X | ||||
| Price To Earnings To Growth | 0.45 X | ||||
| Target Price | 22.05 | ||||
| Number Of Employees | 6.92 K | ||||
| Beta | 2.62 | ||||
| Market Capitalization | 28.7 B | ||||
| Total Asset | 53.91 B | ||||
| Retained Earnings | 8.91 B | ||||
| Working Capital | 3.5 B | ||||
| Current Asset | 6.47 B | ||||
| Current Liabilities | 1.86 B | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 1.62 % | ||||
| Net Asset | 53.91 B | ||||
| Last Dividend Paid | 0.78 |
About Cenovus Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cenovus Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cenovus Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cenovus Energy 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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Cenovus Energy is a strong investment it is important to analyze Cenovus Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cenovus Energy's future performance. For an informed investment choice regarding Cenovus Stock, refer to the following important reports:Check out Cenovus Energy Piotroski F Score and Cenovus Energy Altman Z Score analysis. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cenovus Energy. If investors know Cenovus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cenovus Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.57) | Dividend Share 0.775 | Earnings Share 1.42 | Revenue Per Share 29.87 | Quarterly Revenue Growth (0.02) |
The market value of Cenovus Energy is measured differently than its book value, which is the value of Cenovus that is recorded on the company's balance sheet. Investors also form their own opinion of Cenovus Energy's value that differs from its market value or its book value, called intrinsic value, which is Cenovus Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cenovus Energy's market value can be influenced by many factors that don't directly affect Cenovus Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cenovus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenovus Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenovus Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.