Cenovus Energy Incorporation
TSX:CVE
Decide at what price you'd be comfortable buying and we'll help you stay ready.
Intrinsic Value
The intrinsic value of 
Cenovus Energy Incorporation (CVE) under the Base Case is 48.14 CAD per share.
Compared with the current market price of 38.98 CAD, the stock appears
Undervalued by 19% .
The intrinsic value is calculated using the DCF method. The model assumes Cenovus's net margin jumps to 16% in 2026, then eases to 11% by 2033, still above any year from 2020 to 2025. If its margin stayed at its five-year average of 6.4%, the estimate would be about C$36. Margins affect only the forecast years; the value of the years after 2033 is based on revenue.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Cenovus Energy Incorporation Does
Cenovus Energy is a Canadian energy company that produces crude oil, natural gas, and refined fuels. A big part of its business is oil sands development in Alberta, where it extracts heavy oil and upgrades or processes it so it can move through the market. It also owns refining assets that turn crude oil into gasoline, diesel, jet fuel, and other products used by drivers, airlines, and industrial customers.
- Headquarters
- Canada CA
- Employees
- 7 211
- IPO date
- Sep 12, 2009
Cenovus Energy Incorporation has no economic moat
Buyers can choose competing supplies of oil, gas and fuel based on price, quality and delivery rather than the Cenovus name. Its production assets and refineries help it compete, but do not give it lasting control over customers or prices.
Read the full moat analysis
Revenue & Expenses Breakdown
Cenovus Energy Incorporation
Earnings Waterfall
Cenovus Energy Incorporation
What is the Intrinsic Value of one CVE stock?
The intrinsic value for Cenovus Energy Incorporation (CVE) under the Base Case is 48.14 CAD.
Is CVE stock undervalued or overvalued?
Compared with the current market price of 38.98 CAD, the stock appears Undervalued by 19% .
