Canadian Historical Financial Ratios
| CNQ Stock | USD 34.55 0.29 0.83% |
Canadian Natural is presently reporting on over 122 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.
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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
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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.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.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. At this time, Canadian Natural's Average Payables is relatively stable compared to the past year. As of 11/24/2024, PB Ratio is likely to grow to 2.98, while Inventory Turnover is likely to drop 12.80.
| 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 |
Canadian Natural fundamentals Correlations
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Canadian Natural Account Relationship Matchups
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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 | 0.27 | 0.29 | |
| Inventory Turnover | 15.66 | 16.44 | 14.39 | 18.33 | 14.29 | 12.8 | |
| 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 | 25.55 | 31.85 | |
| Payables Turnover | 22.11 | 26.12 | 27.74 | 24.81 | 20.5 | 10.58 | |
| 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 | 17.81 | 16.92 | |
| 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 | 0.65 | 0.62 | |
| 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.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.