Cenovus Energy Inc (CVE) vs National Fuel Gas Company (NFG)

Cenovus Energy Inc and National Fuel Gas Company are both Oil & Gas Integrated companies. Cenovus Energy Inc is the larger, with a market value of $50.2B against $7.0B — 7.1× the size. National Fuel Gas Company trades at the lower P/E: 10.2× against 10.7×. National Fuel Gas Company grew revenue faster over the last twelve months: 15.1% against 5.47%. National Fuel Gas Company has the higher net margin (26.9% vs 12.3%) and the lower return on invested capital (10.1% vs 14.5%). Both pay a dividend; National Fuel Gas Company yields more (2.94% vs 2.18%). Across the 21 metrics below, National Fuel Gas Company leads on 11 and Cenovus Energy Inc on 10.

Valuation

Metric CVE NFG Oil & Gas Integrated median
P/E 10.66 10.24 8.84
P/S 1.33 2.81 1.10
P/B 2.09 1.80 1.43
Price to free cash flow n/m 31.76 8.19
EV/EBITDA 5.23 6.49 4.43
EV/Sales 1.43 3.86 1.48
Earnings yield 9.39% 9.76% 9.76%
Free cash flow yield (1.55%) 3.15% 7.35%

Profitability

Metric CVE NFG Oil & Gas Integrated median
Gross margin 40.68% 87.74% 39.93%
Operating margin 17.07% 40.26% 17.07%
Net margin 12.33% 26.86% 10.24%
Free cash flow margin 22.74% 8.84% 11.16%
Return on equity 20.96% 19.58% 14.86%
Return on assets 11.01% 7.15% 7.07%
Return on invested capital 14.54% 10.11% 12.85%

Growth

Metric CVE NFG Oil & Gas Integrated median
Revenue growth (TTM) 5.47% 15.13% 13.45%
EPS growth (last fiscal year) 26.23% 576.19% (14.54%)
Revenue growth, 5-year CAGR 29.21% 8.05% 12.04%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CVE NFG Oil & Gas Integrated median
Debt to equity 0.25 0.91 0.53
Current ratio 1.63 3.20 1.19
Net debt to EBITDA 0.80 2.08 0.80

Dividend

Metric CVE NFG Oil & Gas Integrated median
Dividend yield 2.18% 2.94% 3.83%
Payout ratio 0.23 0.30 0.34

Size

Metric CVE NFG Oil & Gas Integrated median
Market cap 50.15b 7.03b 47.17b

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