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 $102.3B against $57.2B — 1.8× the size. Equinor ASA trades at the lower P/E: 11.5× against 11.9×. Equinor ASA grew revenue faster over the last twelve months: 5.78% against 5.47%. Cenovus Energy Inc has the higher net margin (12.3% vs 7.92%) and the lower return on invested capital (14.5% vs 46.6%). Both pay a dividend; Equinor ASA yields more (9.74% vs 2.41%). 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 11.88 11.50 11.88
P/S 1.48 0.90 1.20
P/B 2.33 2.38 1.56
Price to free cash flow n/m 8.37 9.74
EV/EBITDA 5.78 2.32 4.94
EV/Sales 1.59 0.90 1.57
Earnings yield 8.42% 8.70% 7.58%
Free cash flow yield (1.39%) 11.95% 6.71%

Profitability

Metric CVE EQNR Oil & Gas Integrated median
Gross margin 40.68% 51.16% 39.18%
Operating margin 17.07% 28.44% 14.90%
Net margin 12.33% 7.92% 8.76%
Free cash flow margin 22.74% 10.72% 9.61%
Return on equity 20.96% 21.28% 12.22%
Return on assets 11.01% 6.47% 6.47%
Return on invested capital 14.54% 46.59% 10.61%

Growth

Metric CVE EQNR Oil & Gas Integrated median
Revenue growth (TTM) 5.47% 5.78% 5.63%
EPS growth (last fiscal year) 26.23% (37.62%) —
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 0.56 0.55
Current ratio 1.63 1.18 1.18
Net debt to EBITDA 0.80 0.18 0.80

Dividend

Metric CVE EQNR Oil & Gas Integrated median
Dividend yield 2.41% 9.74% 5.01%
Payout ratio 0.29 0.12 0.29

Size

Metric CVE EQNR Oil & Gas Integrated median
Market cap 57.17b 102.28b 51.12b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack