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 $107.4B against $59.0B — 1.8× the size. Cenovus Energy Inc trades at the lower P/E: 12.6× against 12.8×. 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 (3.24% vs 1.84%). Across the 21 metrics below, Equinor ASA leads on 11 and Cenovus Energy Inc on 10.

Valuation

Metric CVE EQNR Oil & Gas Integrated median
P/E 12.62 12.80 12.62
P/S 1.57 1.00 1.29
P/B 2.48 2.65 1.62
Price to free cash flow n/m 9.32 10.23
EV/EBITDA 6.12 2.58 4.86
EV/Sales 1.68 1.00 1.52
Earnings yield 7.92% 7.81% 7.04%
Free cash flow yield (1.31%) 10.73% 6.09%

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% 8.88%
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%) (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 0.56 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 1.84% 3.24% 3.24%
Payout ratio 0.23 0.41 0.52

Size

Metric CVE EQNR Oil & Gas Integrated median
Market cap 58.96b 107.39b 58.96b

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