Cenovus Energy Inc (CVE) vs Petroleo Brasileiro S.A.- Petrobras (PBR)

Cenovus Energy Inc and Petroleo Brasileiro S.A.- Petrobras are both Oil & Gas Integrated companies. Petroleo Brasileiro S.A.- Petrobras is the larger, with a market value of $94.1B against $59.0B — 1.6× the size. Petroleo Brasileiro S.A.- Petrobras trades at the lower P/E: 6.6× against 12.6×. Petroleo Brasileiro S.A.- Petrobras grew revenue faster over the last twelve months: 20.8% against 5.47%. Petroleo Brasileiro S.A.- Petrobras has the higher net margin (24.5% vs 12.3%) and the higher return on invested capital (15.5% vs 14.5%). Both pay a dividend; Petroleo Brasileiro S.A.- Petrobras yields more (2.78% vs 1.84%). Across the 22 metrics below, Petroleo Brasileiro S.A.- Petrobras leads on 15 and Cenovus Energy Inc on 7.

Valuation

Metric CVE PBR Oil & Gas Integrated median
P/E 12.62 6.57 12.62
P/S 1.57 1.61 1.29
P/B 2.48 1.80 1.62
Price to free cash flow n/m 8.08 10.23
EV/EBITDA 6.12 4.17 4.86
EV/Sales 1.68 2.09 1.52
Earnings yield 7.92% 15.23% 7.04%
Free cash flow yield (1.31%) 12.37% 6.09%

Profitability

Metric CVE PBR Oil & Gas Integrated median
Gross margin 40.68% 50.75% 39.18%
Operating margin 17.07% 34.15% 14.90%
Net margin 12.33% 24.52% 8.88%
Free cash flow margin 22.74% 19.89% 9.61%
Return on equity 20.96% 30.66% 12.22%
Return on assets 11.01% 11.05% 6.47%
Return on invested capital 14.54% 15.53% 10.61%

Growth

Metric CVE PBR Oil & Gas Integrated median
Revenue growth (TTM) 5.47% 20.79% 5.63%
EPS growth (last fiscal year) 26.23% 162.07% (14.54%)
Revenue growth, 5-year CAGR 29.21% 10.69% 12.04%
Net income growth, 5-year CAGR 0.00% 76.66% 0.00%

Health

Metric CVE PBR Oil & Gas Integrated median
Debt to equity 0.25 0.65 0.55
Current ratio 1.63 0.85 1.18
Net debt to EBITDA 0.80 1.23 0.80

Dividend

Metric CVE PBR Oil & Gas Integrated median
Dividend yield 1.84% 2.78% 3.24%
Payout ratio 0.23 0.18 0.52

Size

Metric CVE PBR Oil & Gas Integrated median
Market cap 58.96b 94.14b 58.96b

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