BP p.l.c. (BP) vs Cenovus Energy Inc (CVE)

BP p.l.c. and Cenovus Energy Inc are both Oil & Gas Integrated companies. BP p.l.c. is the larger, with a market value of $114.5B against $57.2B — 2.0× the size. Cenovus Energy Inc trades at the lower P/E: 11.9× against 21.1×. BP p.l.c. grew revenue faster over the last twelve months: 14.9% against 5.47%. Cenovus Energy Inc has the higher net margin (12.3% vs 2.46%) and the lower return on invested capital (14.5% vs 15.1%). Both pay a dividend; BP p.l.c. yields more (5.01% vs 2.41%). Across the 21 metrics below, Cenovus Energy Inc leads on 12 and BP p.l.c. on 9.

Valuation

Metric BP CVE Oil & Gas Integrated median
P/E 21.07 11.88 11.88
P/S 0.52 1.48 1.20
P/B 1.51 2.33 1.56
Price to free cash flow 6.70 n/m 9.74
EV/EBITDA 3.26 5.78 4.94
EV/Sales 0.58 1.59 1.57
Earnings yield 4.75% 8.42% 7.58%
Free cash flow yield 14.93% (1.39%) 6.71%

Profitability

Metric BP CVE Oil & Gas Integrated median
Gross margin 29.15% 40.68% 39.18%
Operating margin 9.80% 17.07% 14.90%
Net margin 2.46% 12.33% 8.76%
Free cash flow margin 7.83% 22.74% 9.61%
Return on equity 7.29% 20.96% 12.22%
Return on assets 1.87% 11.01% 6.47%
Return on invested capital 15.06% 14.54% 10.61%

Growth

Metric BP CVE Oil & Gas Integrated median
Revenue growth (TTM) 14.85% 5.47% 5.63%
EPS growth (last fiscal year) (85.71%) 26.23% —
Revenue growth, 5-year CAGR 12.04% 29.21% 12.04%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BP CVE Oil & Gas Integrated median
Debt to equity 0.76 0.25 0.55
Current ratio 1.27 1.63 1.18
Net debt to EBITDA 0.53 0.80 0.80

Dividend

Metric BP CVE Oil & Gas Integrated median
Dividend yield 5.01% 2.41% 5.01%
Payout ratio 0.25 0.29 0.29

Size

Metric BP CVE Oil & Gas Integrated median
Market cap 114.45b 57.17b 51.12b

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