Cenovus Energy Inc (CVE) vs Equinor ASA (EQNR)

Cenovus Energy Inc and Equinor ASA are both Oil & Gas Integrated companies. Equinor ASA is the larger, with a market value of $101.7B against $50.2B — 2.0× the size. Equinor ASA trades at the lower P/E: 8.8× against 10.7×. Equinor ASA grew revenue faster over the last twelve months: 11.8% against 5.47%. Cenovus Energy Inc has the higher net margin (12.3% vs 9.71%) and the lower return on invested capital (14.5% vs 54.5%). Both pay a dividend; Equinor ASA yields more (3.56% vs 2.18%). Across the 21 metrics below, Equinor ASA leads on 13 and Cenovus Energy Inc on 8.

Valuation

Metric CVE EQNR Oil & Gas Integrated median
P/E 10.66 8.84 8.84
P/S 1.33 0.83 1.10
P/B 2.09 2.25 1.43
Price to free cash flow n/m 7.34 8.19
EV/EBITDA 5.23 1.99 4.43
EV/Sales 1.43 0.83 1.48
Earnings yield 9.39% 11.31% 9.76%
Free cash flow yield (1.55%) 13.62% 7.35%

Profitability

Metric CVE EQNR Oil & Gas Integrated median
Gross margin 40.68% 53.58% 39.93%
Operating margin 17.07% 32.26% 17.07%
Net margin 12.33% 9.71% 10.24%
Free cash flow margin 22.74% 11.34% 11.16%
Return on equity 20.96% 27.58% 14.86%
Return on assets 11.01% 8.34% 7.07%
Return on invested capital 14.54% 54.52% 12.85%

Growth

Metric CVE EQNR Oil & Gas Integrated median
Revenue growth (TTM) 5.47% 11.76% 13.45%
EPS growth (last fiscal year) 26.23% (37.62%) (14.54%)
Revenue growth, 5-year CAGR 29.21% 18.37% 12.04%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CVE EQNR Oil & Gas Integrated median
Debt to equity 0.25 0.53 0.53
Current ratio 1.63 1.16 1.19
Net debt to EBITDA 0.80 0.18 0.80

Dividend

Metric CVE EQNR Oil & Gas Integrated median
Dividend yield 2.18% 3.56% 3.83%
Payout ratio 0.23 0.32 0.34

Size

Metric CVE EQNR Oil & Gas Integrated median
Market cap 50.15b 101.70b 47.17b

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