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 $70.0B against $50.2B — 1.4× the size. Petroleo Brasileiro S.A.- Petrobras trades at the lower P/E: 4.8× against 10.7×. 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 (3.83% vs 2.18%). Across the 22 metrics below, Petroleo Brasileiro S.A.- Petrobras leads on 16 and Cenovus Energy Inc on 6.

Valuation

Metric CVE PBR Oil & Gas Integrated median
P/E 10.66 4.77 8.84
P/S 1.33 1.17 1.10
P/B 2.09 1.31 1.43
Price to free cash flow n/m 5.87 8.19
EV/EBITDA 5.23 3.29 4.43
EV/Sales 1.43 1.65 1.48
Earnings yield 9.39% 20.97% 9.76%
Free cash flow yield (1.55%) 17.04% 7.35%

Profitability

Metric CVE PBR Oil & Gas Integrated median
Gross margin 40.68% 50.75% 39.93%
Operating margin 17.07% 34.15% 17.07%
Net margin 12.33% 24.52% 10.24%
Free cash flow margin 22.74% 19.89% 11.16%
Return on equity 20.96% 30.66% 14.86%
Return on assets 11.01% 11.05% 7.07%
Return on invested capital 14.54% 15.53% 12.85%

Growth

Metric CVE PBR Oil & Gas Integrated median
Revenue growth (TTM) 5.47% 20.79% 13.45%
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 0.53
Current ratio 1.63 0.85 1.19
Net debt to EBITDA 0.80 1.23 0.80

Dividend

Metric CVE PBR Oil & Gas Integrated median
Dividend yield 2.18% 3.83% 3.83%
Payout ratio 0.23 0.18 0.34

Size

Metric CVE PBR Oil & Gas Integrated median
Market cap 50.15b 69.96b 47.17b

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