Ovintiv Stock Current Valuation
| OVV Stock | USD 46.71 0.12 0.26% |
Valuation analysis of Ovintiv helps investors to measure Ovintiv's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. Enterprise Value Over EBITDA is likely to climb to 4.03 in 2024. Enterprise Value Multiple is likely to climb to 4.03 in 2024. Fundamental drivers impacting Ovintiv's valuation include:
Price Book 1.1412 | Enterprise Value 18.9 B | Enterprise Value Ebitda 3.6173 | Price Sales 1.2717 | Forward PE 11.0988 |
Undervalued
Today
Please note that Ovintiv's price fluctuation is very steady at this time. Calculation of the real value of Ovintiv is based on 3 months time horizon. Increasing Ovintiv's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the Ovintiv stock is determined by what a typical buyer is willing to pay for full or partial control of Ovintiv. Since Ovintiv is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Ovintiv Stock. However, Ovintiv'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 46.71 | Real 51.52 | Target 58.7 | Hype 46.97 | Naive 47.81 |
The intrinsic value of Ovintiv'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 Ovintiv'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 Ovintiv helps investors to forecast how Ovintiv 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 Ovintiv more accurately as focusing exclusively on Ovintiv's fundamentals will not take into account other important factors: Ovintiv Company Current Valuation Analysis
Ovintiv'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 Ovintiv Current Valuation | 18.93 B |
Most of Ovintiv'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, Ovintiv is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Ovintiv Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Ovintiv is extremely important. It helps to project a fair market value of Ovintiv Stock properly, considering its historical fundamentals such as Current Valuation. Since Ovintiv'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 Ovintiv'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 Ovintiv's interrelated accounts and indicators.
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Ovintiv Current Valuation Historical Pattern
Today, most investors in Ovintiv Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Ovintiv'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 current valuation growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Ovintiv current valuation as a starting point in their analysis.
Ovintiv Current Valuation |
| Timeline |
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, Ovintiv has a Current Valuation of 18.93 B. This is 51.49% lower than that of the Oil, Gas & Consumable Fuels sector and 105.85% higher than that of the Energy industry. The current valuation for all United States stocks is 13.84% lower than that of the firm.
Ovintiv Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ovintiv'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 Ovintiv could also be used in its relative valuation, which is a method of valuing Ovintiv by comparing valuation metrics of similar companies.Ovintiv is currently under evaluation in current valuation category among its peers.
Ovintiv 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, Ovintiv's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Ovintiv's managers, analysts, and investors.Environmental | Governance | Social |
Ovintiv Fundamentals
| Return On Equity | 0.2 | ||||
| Return On Asset | 0.0868 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.24 % | ||||
| Current Valuation | 18.93 B | ||||
| Shares Outstanding | 260.32 M | ||||
| Shares Owned By Insiders | 0.49 % | ||||
| Shares Owned By Institutions | 83.72 % | ||||
| Number Of Shares Shorted | 4.36 M | ||||
| Price To Earning | 3.93 X | ||||
| Price To Book | 1.14 X | ||||
| Price To Sales | 1.27 X | ||||
| Revenue | 10.66 B | ||||
| Gross Profit | 7.28 B | ||||
| EBITDA | 4.71 B | ||||
| Net Income | 2.08 B | ||||
| Cash And Equivalents | 5 M | ||||
| Cash Per Share | 0.07 X | ||||
| Total Debt | 6.68 B | ||||
| Debt To Equity | 0.69 % | ||||
| Current Ratio | 0.51 X | ||||
| Book Value Per Share | 40.92 X | ||||
| Cash Flow From Operations | 4.17 B | ||||
| Short Ratio | 1.51 X | ||||
| Earnings Per Share | 7.58 X | ||||
| Price To Earnings To Growth | 0.11 X | ||||
| Target Price | 58.77 | ||||
| Number Of Employees | 1.74 K | ||||
| Beta | 2.64 | ||||
| Market Capitalization | 12.16 B | ||||
| Total Asset | 19.99 B | ||||
| Retained Earnings | 697 M | ||||
| Working Capital | (1.14 B) | ||||
| Current Asset | 2.7 B | ||||
| Current Liabilities | 2.01 B | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 1.84 % | ||||
| Net Asset | 19.99 B | ||||
| Last Dividend Paid | 1.2 |
About Ovintiv Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ovintiv's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ovintiv using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ovintiv 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.
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Additional Tools for Ovintiv Stock Analysis
When running Ovintiv's price analysis, check to measure Ovintiv'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 Ovintiv is operating at the current time. Most of Ovintiv's value examination focuses on studying past and present price action to predict the probability of Ovintiv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovintiv's price. Additionally, you may evaluate how the addition of Ovintiv to your portfolios can decrease your overall portfolio volatility.