CNQ Intrinsic Valuation and Fundamental Analysis - Canadian Natural Resources Ltd - Alpha Spread
C

Canadian Natural Resources Ltd
TSX:CNQ

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Canadian Natural Resources Ltd
TSX:CNQ
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Price: 51.71 CAD 0.47% Market Closed
Market Cap: 109.8B CAD
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Intrinsic Value

The intrinsic value of one CNQ stock under the Base Case scenario is 41.7 CAD. Compared to the current market price of 51.71 CAD, Canadian Natural Resources Ltd is Overvalued by 19%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

CNQ Intrinsic Value
41.7 CAD
Overvaluation 19%
Intrinsic Value
Price
C
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Base Case
Best Case

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Canadian Natural Resources Ltd

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Business Breakdown

Canadian Natural Resources Ltd. (CNRL) is a leading independent oil and natural gas producer based in Calgary, Alberta, recognized for its diverse portfolio that spans across the energy spectrum. With a commitment to sustainability and operational excellence, CNRL has carved out its niche in the industry by focusing on cost-efficient production methods and innovative technology. This approach allows the company to thrive even amidst fluctuating commodity prices, making it a reliable player in a dynamic market. Investors are drawn to CNRL not only for its robust asset base, which includes significant reserves in the oil sands and offshore projects, but also for its strategic focus on maximizi...

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Canadian Natural Resources Ltd

Current Assets 7.4B
Cash & Short-Term Investments 915m
Receivables 3.7B
Other Current Assets 2.9B
Non-Current Assets 68.5B
PP&E 68B
Other Non-Current Assets 551m
Current Liabilities 8.4B
Accounts Payable 1.9B
Accrued Liabilities 4.7B
Other Current Liabilities 1.9B
Non-Current Liabilities 28B
Long-Term Debt 10.6B
Other Non-Current Liabilities 17.4B
Efficiency

Earnings Waterfall
Canadian Natural Resources Ltd

Revenue
36.7B CAD
Cost of Revenue
-17.8B CAD
Gross Profit
18.9B CAD
Operating Expenses
-8.3B CAD
Operating Income
10.7B CAD
Other Expenses
-3B CAD
Net Income
7.7B CAD

Free Cash Flow Analysis
Canadian Natural Resources Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Canadian Natural achieved a remarkable second quarter in 2024, with production reaching 1.29 million barrels of oil equivalent per day, an 8% rise year-over-year. The company demonstrated strong performance across its portfolio, driven by optimized operations and early completion of maintenance at key sites. Thermal assets outperformed, and significant milestones were reached at Horizon, including the production of the 1 billionth barrel of bitumen. Financially, Canadian Natural generated $3.6 billion in adjusted funds flow and $1.9 billion in net earnings, returning the same amount to shareholders. Guidance for natural gas production remains at 2.12-2.23 Bcf per day.

What is Earnings Call?
Fundamental Scores

CNQ Profitability Score
Profitability Due Diligence

Canadian Natural Resources Ltd's profitability score is 67/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
Positive 3-Year Average ROE
Positive Operating Income
67/100
Profitability
Score

Canadian Natural Resources Ltd's profitability score is 67/100. The higher the profitability score, the more profitable the company is.

CNQ Solvency Score
Solvency Due Diligence

Canadian Natural Resources Ltd's solvency score is 60/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
Low D/E
Long-Term Solvency
Average Altman Z-Score
60/100
Solvency
Score

Canadian Natural Resources Ltd's solvency score is 60/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

CNQ Price Targets Summary
Canadian Natural Resources Ltd

Wall Street analysts forecast CNQ stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for CNQ is 56.34 CAD with a low forecast of 44.44 CAD and a high forecast of 65.1 CAD.

Lowest
Price Target
44.44 CAD
14% Downside
Average
Price Target
56.34 CAD
9% Upside
Highest
Price Target
65.1 CAD
26% Upside
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Dividends

Dividend Yield
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Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
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0
25
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100
Previous Payment
-
Today
Next Payment
-
Today
Oct 12, 2024
Previous Payment
-
Next Payment
-
Ex-Dividend Date
-
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Shareholder Yield

Current shareholder yield for CNQ is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Buyback Yield
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Debt Paydown Yield
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Profile

Canadian Natural Resources Ltd

Country

Canada

Industry

Energy

Market Cap

80B USD

Dividend Yield

2.03%

Description

Canadian Natural Resources Ltd. is an oil and natural gas production company, which engages in the exploration, development, marketing, and production of crude oil and natural gas. The company is headquartered in Calgary, Alberta and currently employs 9,735 full-time employees. The company went IPO on 2000-07-31. The firm's exploration and production operations are focused in North America, mainly in Western Canada; the United Kingdom (UK) portion of the North Sea; and Cote d'Ivoire and South Africa in Offshore Africa. The Company’s exploration and production activities are conducted in three geographic segments: North America, North Sea and Offshore Africa. The Oil Sands Mining and Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands and through its direct and indirect interest in Athabasca Oil Sands Project. Within Western Canada, in the Midstream and Refining segment, the Company's activities include pipeline operations, an electricity co-generation system and an investment in the North West Redwater Partnership, a general partnership formed to upgrade and refine bitumen in the Province of Alberta.

Contact

ALBERTA
Calgary
2100, 855-2 Street Sw
+14035147605.0
www.cnrl.com

IPO

2000-07-31

Employees

9 735

Officers

See Also

Discover More
What is the Intrinsic Value of one CNQ stock?

The intrinsic value of one CNQ stock under the Base Case scenario is 41.7 CAD.

Is CNQ stock undervalued or overvalued?

Compared to the current market price of 51.71 CAD, Canadian Natural Resources Ltd is Overvalued by 19%.

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