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

Cenovus Energy Inc and Petroleo Brasileiro S.A.- Petrobras are both Oil & Gas Integrated companies. Cenovus Energy Inc is the larger, with a market value of $57.2B against $51.1B — 1.1× the size. Petroleo Brasileiro S.A.- Petrobras trades at the lower P/E: 4.7× against 11.9×. 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 (17.1% vs 2.41%). Across the 22 metrics below, Petroleo Brasileiro S.A.- Petrobras leads on 16 and Cenovus Energy Inc on 6.

Valuation

Metric CVE PBR.A Oil & Gas Integrated median
P/E 11.88 4.68 11.88
P/S 1.48 1.15 1.20
P/B 2.33 1.28 1.56
Price to free cash flow n/m 5.76 9.74
EV/EBITDA 5.78 3.25 4.94
EV/Sales 1.59 1.63 1.57
Earnings yield 8.42% 21.38% 7.58%
Free cash flow yield (1.39%) 17.37% 6.71%

Profitability

Metric CVE PBR.A 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% 8.76%
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.A Oil & Gas Integrated median
Revenue growth (TTM) 5.47% 20.79% 5.63%
EPS growth (last fiscal year) 26.23% 162.07% —
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.A 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.A Oil & Gas Integrated median
Dividend yield 2.41% 17.06% 5.01%
Payout ratio 0.29 1.25 0.29

Size

Metric CVE PBR.A Oil & Gas Integrated median
Market cap 57.17b 51.12b 51.12b

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