Canadian Historical Financial Ratios

CNQ Stock

CAD 47.02 0.32 0.69%

Canadian Natural is presently reporting on over 92 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0431, PTB Ratio of 2.98 or Days Sales Outstanding of 57.42 will help investors to properly organize and evaluate Canadian Natural Res financial condition quickly.

Quick Ratio Current Ratio

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.

About Canadian Financial Ratios Analysis

Canadian Natural ResFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Canadian Natural investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Canadian financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Canadian Natural history.

Canadian Natural Financial Ratios Chart

At this time, Canadian Natural's Operating Cash Flow Per Share is very stable compared to the past year. As of the 27th of November 2024, Average Payables is likely to grow to about 288 M, while Stock Based Compensation To Revenue is likely to drop 0.01.

Price To Sales Ratio Dividend Yield Ptb Ratio Days Sales Outstanding Book Value Per Share Income Quality

Add Fundamental

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Canadian Natural Res stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Canadian Natural sales, a figure that is much harder to manipulate than other Canadian Natural Resources multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Dividend Yield

Dividend Yield is Canadian Natural Resources dividend as a percentage of Canadian Natural stock price. Canadian Natural Res dividend yield is a measure of Canadian Natural stock productivity, which can be interpreted as interest rate earned on an Canadian Natural investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Most ratios from Canadian Natural's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Canadian Natural Res current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.

	2021	2022	2023	2024 (projected)
Dividend Yield	0.0344	0.0577	0.0411	0.0431
Price To Sales Ratio	1.92	1.72	2.63	3.97

Dividend Yield Price To Sales Ratio

Canadian Natural fundamentals Correlations

	Price To Sales Ratio	Dividend Yield	Ptb Ratio	Days Sales Outstanding	Book Value Per Share	Free Cash Flow Yield	Operating Cash Flow Per Share	Average Payables	Capex To Depreciation	Pb Ratio	Ev To Sales	Free Cash Flow Per Share	Roic	Inventory Turnover	Net Income Per Share	Days Of Inventory On Hand	Payables Turnover	Average Inventory	Capex To Revenue	Cash Per Share	Pocfratio	Interest Coverage	Payout Ratio	Capex To Operating Cash Flow	Pfcf Ratio	Days Payables Outstanding
Price To Sales Ratio		-0.51	0.93	0.81	-0.69	-0.66	-0.52	-0.91	0.85	0.93	0.98	-0.26	0.12	-0.68	-0.28	0.9	-0.88	-0.91	0.86	-0.12	0.89	-0.02	-0.06	0.83	-0.13	0.91
Dividend Yield	-0.51		-0.39	-0.38	0.75	0.78	0.66	0.4	-0.63	-0.39	-0.49	0.72	0.3	0.12	0.5	-0.34	0.41	0.45	-0.67	0.68	-0.43	0.18	-0.15	-0.74	-0.33	-0.49
Ptb Ratio	0.93	-0.39		0.58	-0.64	-0.53	-0.29	-0.98	0.9	1.0	0.86	-0.04	0.36	-0.73	-0.03	0.96	-0.84	-0.97	0.87	-0.12	0.71	0.29	0.17	0.79	-0.12	0.96
Days Sales Outstanding	0.81	-0.38	0.58		-0.5	-0.61	-0.62	-0.56	0.52	0.58	0.87	-0.4	-0.2	-0.47	-0.46	0.59	-0.66	-0.56	0.58	0.01	0.89	-0.42	-0.47	0.61	-0.24	0.58
Book Value Per Share	-0.69	0.75	-0.64	-0.5		0.78	0.78	0.67	-0.87	-0.64	-0.69	0.63	0.4	0.23	0.67	-0.57	0.48	0.76	-0.92	0.71	-0.53	0.23	0.09	-0.93	-0.11	-0.82
Free Cash Flow Yield	-0.66	0.78	-0.53	-0.61	0.78		0.78	0.58	-0.75	-0.53	-0.66	0.83	0.3	0.09	0.61	-0.43	0.48	0.61	-0.81	0.63	-0.62	0.2	0.17	-0.89	-0.18	-0.63
Operating Cash Flow Per Share	-0.52	0.66	-0.29	-0.62	0.78	0.78		0.37	-0.52	-0.29	-0.61	0.88	0.69	0.07	0.93	-0.3	0.33	0.44	-0.62	0.63	-0.58	0.68	0.47	-0.7	-0.08	-0.49
Average Payables	-0.91	0.4	-0.98	-0.56	0.67	0.58	0.37		-0.91	-0.98	-0.85	0.12	-0.3	0.7	0.12	-0.95	0.81	0.99	-0.88	0.17	-0.7	-0.25	-0.13	-0.81	0.12	-0.96
Capex To Depreciation	0.85	-0.63	0.9	0.52	-0.87	-0.75	-0.52	-0.91		0.9	0.79	-0.37	0.05	-0.48	-0.3	0.82	-0.67	-0.95	0.99	-0.48	0.61	0.15	0.15	0.95	0.0	0.97
Pb Ratio	0.93	-0.39	1.0	0.58	-0.64	-0.53	-0.29	-0.98	0.9		0.86	-0.04	0.36	-0.73	-0.03	0.96	-0.84	-0.97	0.87	-0.12	0.71	0.29	0.17	0.79	-0.12	0.96
Ev To Sales	0.98	-0.49	0.86	0.87	-0.69	-0.66	-0.61	-0.85	0.79	0.86		-0.33	-0.01	-0.62	-0.4	0.84	-0.84	-0.85	0.82	-0.11	0.92	-0.19	-0.18	0.81	-0.17	0.86
Free Cash Flow Per Share	-0.26	0.72	-0.04	-0.4	0.63	0.83	0.88	0.12	-0.37	-0.04	-0.33		0.7	-0.25	0.84	0.0	0.1	0.18	-0.47	0.74	-0.32	0.58	0.33	-0.6	-0.25	-0.23
Roic	0.12	0.3	0.36	-0.2	0.4	0.3	0.69	-0.3	0.05	0.36	-0.01	0.7		-0.48	0.88	0.37	-0.34	-0.19	-0.07	0.48	-0.03	0.85	0.59	-0.17	-0.12	0.11
Inventory Turnover	-0.68	0.12	-0.73	-0.47	0.23	0.09	0.07	0.7	-0.48	-0.73	-0.62	-0.25	-0.48		-0.2	-0.87	0.77	0.65	-0.41	-0.16	-0.62	-0.28	-0.12	-0.33	0.28	-0.62
Net Income Per Share	-0.28	0.5	-0.03	-0.46	0.67	0.61	0.93	0.12	-0.3	-0.03	-0.4	0.84	0.88	-0.2		-0.02	0.07	0.21	-0.43	0.58	-0.37	0.81	0.58	-0.52	-0.11	-0.27
Days Of Inventory On Hand	0.9	-0.34	0.96	0.59	-0.57	-0.43	-0.3	-0.95	0.82	0.96	0.84	0.0	0.37	-0.87	-0.02		-0.87	-0.93	0.77	-0.08	0.73	0.24	0.13	0.69	-0.2	0.91
Payables Turnover	-0.88	0.41	-0.84	-0.66	0.48	0.48	0.33	0.81	-0.67	-0.84	-0.84	0.1	-0.34	0.77	0.07	-0.87		0.77	-0.66	0.0	-0.75	-0.12	-0.16	-0.61	0.05	-0.75
Average Inventory	-0.91	0.45	-0.97	-0.56	0.76	0.61	0.44	0.99	-0.95	-0.97	-0.85	0.18	-0.19	0.65	0.21	-0.93	0.77		-0.93	0.26	-0.69	-0.18	-0.1	-0.87	0.1	-0.99
Capex To Revenue	0.86	-0.67	0.87	0.58	-0.92	-0.81	-0.62	-0.88	0.99	0.87	0.82	-0.47	-0.07	-0.41	-0.43	0.77	-0.66	-0.93		-0.52	0.65	0.02	0.05	0.98	0.03	0.95
Cash Per Share	-0.12	0.68	-0.12	0.01	0.71	0.63	0.63	0.17	-0.48	-0.12	-0.11	0.74	0.48	-0.16	0.58	-0.08	0.0	0.26	-0.52		-0.01	0.19	-0.02	-0.58	-0.39	-0.33
Pocfratio	0.89	-0.43	0.71	0.89	-0.53	-0.62	-0.58	-0.7	0.61	0.71	0.92	-0.32	-0.03	-0.62	-0.37	0.73	-0.75	-0.69	0.65	-0.01		-0.21	-0.39	0.68	-0.17	0.69
Interest Coverage	-0.02	0.18	0.29	-0.42	0.23	0.2	0.68	-0.25	0.15	0.29	-0.19	0.58	0.85	-0.28	0.81	0.24	-0.12	-0.18	0.02	0.19	-0.21		0.66	-0.06	0.05	0.12
Payout Ratio	-0.06	-0.15	0.17	-0.47	0.09	0.17	0.47	-0.13	0.15	0.17	-0.18	0.33	0.59	-0.12	0.58	0.13	-0.16	-0.1	0.05	-0.02	-0.39	0.66		-0.05	0.14	0.08
Capex To Operating Cash Flow	0.83	-0.74	0.79	0.61	-0.93	-0.89	-0.7	-0.81	0.95	0.79	0.81	-0.6	-0.17	-0.33	-0.52	0.69	-0.61	-0.87	0.98	-0.58	0.68	-0.06	-0.05		0.07	0.89
Pfcf Ratio	-0.13	-0.33	-0.12	-0.24	-0.11	-0.18	-0.08	0.12	0.0	-0.12	-0.17	-0.25	-0.12	0.28	-0.11	-0.2	0.05	0.1	0.03	-0.39	-0.17	0.05	0.14	0.07		-0.09
Days Payables Outstanding	0.91	-0.49	0.96	0.58	-0.82	-0.63	-0.49	-0.96	0.97	0.96	0.86	-0.23	0.11	-0.62	-0.27	0.91	-0.75	-0.99	0.95	-0.33	0.69	0.12	0.08	0.89	-0.09

Click cells to compare fundamentals

Canadian Natural Account Relationship Matchups

Canadian Natural fundamentals Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Price To Sales Ratio	2.05	2.07	1.92	1.72	2.63	3.97
Dividend Yield	0.0348	0.0539	0.0344	0.0577	0.0411	0.0431
Ptb Ratio	1.43	1.12	1.71	2.24	2.38	2.98
Days Sales Outstanding	37.08	52.15	34.56	26.2	32.36	57.42
Book Value Per Share	14.69	13.7	15.64	16.82	18.25	19.16
Free Cash Flow Yield	0.11	0.0597	0.16	0.17	0.0786	0.0825
Operating Cash Flow Per Share	3.71	1.99	6.13	8.54	5.66	5.94
Stock Based Compensation To Revenue	0.009142	(0.004688)	0.0156	0.0162	0.0137	0.00923
Capex To Depreciation	0.71	0.66	0.43	0.83	0.69	0.72
Pb Ratio	1.43	1.12	1.71	2.24	2.38	2.98
Ev To Sales	2.9	3.28	2.35	1.94	2.95	4.92
Free Cash Flow Per Share	2.22	0.91	4.23	6.29	3.41	3.58
Roic	0.0678	0.11	(0.004119)	0.24	0.28	0.29
Inventory Turnover	15.66	16.44	14.39	18.33	12.08	12.72
Net Income Per Share	2.27	(0.18)	3.24	4.82	3.77	3.96
Days Of Inventory On Hand	23.3	22.21	25.36	19.91	30.23	32.08
Payables Turnover	22.11	26.12	27.74	24.81	17.32	10.5
Sales General And Administrative To Revenue	0.0232	0.0177	0.0268	0.0246	0.0126	0.0119
Capex To Revenue	0.26	0.19	0.14	0.15	0.1	0.13
Pocfratio	3.97	5.67	7.67	4.36	4.4	8.51
Interest Coverage	6.69	(0.59)	13.38	26.89	24.95	13.05
Payout Ratio	0.32	(4.48)	0.28	0.45	0.47	0.5
Capex To Operating Cash Flow	0.41	0.4	0.54	0.31	0.26	0.38
Pfcf Ratio	9.45	16.75	6.32	5.97	12.73	12.09
Days Payables Outstanding	16.51	13.97	13.16	14.71	21.07	20.02
Income Quality	3.91	1.63	(10.84)	1.89	1.77	1.5
Roe	0.0757	0.081	0.15	(0.0134)	0.21	0.29
Ev To Operating Cash Flow	8.03	12.18	5.33	4.94	8.6	10.68
Pe Ratio	9.24	(83.13)	8.24	7.8	11.51	11.29
Return On Tangible Assets	0.0352	0.0668	(0.005779)	0.1	0.14	0.11
Ev To Free Cash Flow	13.39	26.6	7.72	6.71	14.27	13.56
Earnings Yield	0.11	(0.012)	0.12	0.13	0.0869	0.0464
Net Debt To E B I T D A	1.85	3.47	0.86	0.48	0.66	1.31
Tangible Book Value Per Share	15.92	13.7	15.64	16.82	18.25	19.16
Receivables Turnover	9.84	7.0	10.56	13.93	11.28	6.46

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

0.33

SAGE

Sage Potash Corp

Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Canadian Natural Res is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Canadian Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Canadian Natural Resources Stock. Highlighted below are key reports to facilitate an investment decision about Canadian Natural Resources Stock:

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Please note, there is a significant difference between Canadian Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Natural'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.

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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Operating Cycle	Price Book Value Ratio
Price Earnings To Growth Ratio	Days Of Payables Outstanding
Dividend Payout Ratio	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Cash Conversion Cycle
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity

Canadian Historical Financial Ratios

About Canadian Financial Ratios Analysis

Canadian Natural Financial Ratios Chart

Price To Sales Ratio

Dividend Yield

Ptb Ratio

Book Value Per Share

Income Quality

Canadian Natural fundamentals Correlations

Canadian Natural Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Natural fundamentals Accounts

Pair Trading with Canadian Natural

Moving against Canadian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Pb Ratio	+ 1.0	Ptb Ratio
Average Inventory	+ 0.99	Average Payables
Capex To Revenue	+ 0.99	Capex To Depreciation
Ev To Sales	+ 0.98	Price To Sales Ratio
Capex To Operating Cash Flow	+ 0.98	Capex To Revenue
Days Payables Outstanding	+ 0.97	Capex To Depreciation

Days Payables Outstanding	- 0.99	Average Inventory
Pb Ratio	- 0.98	Average Payables
Average Payables	- 0.98	Ptb Ratio
Average Inventory	- 0.97	Pb Ratio
Average Inventory	- 0.97	Ptb Ratio
Days Payables Outstanding	- 0.96	Average Payables