Value Sense
CNQ

Canadian Natural Resources Limited (CNQ)

Last Price$30.81.5%
Market Cap$64.9B

CNQ Rating

CNQ Quality rating
6.3
How this score works?
CNQ Quality rating performance

CNQ Intrinsic Value

Key Highlights:
Relative Value vs Current Share Price
As of Mar 24, 2025 CNQ Relative Value is $41.5, which is undervalued by 34.9%, compared to current share price of $30.8.
DCF Value vs Current Share Price
As of Mar 24, 2025 CNQ DCF Value is $33.8, which is undervalued by 9.9%, compared to current share price of $30.8.
Methodology
Price per share, $
CNQ
Intrinsic value$37.4
Undervalued by21.5%
Current share price
30.8
Relative value
41.5
DCF value
33.8

CNQ Share Price History

1W 3.2%
1M 4.9%
6M (9.9%)
YTD (1.9%)
1Y (15.8%)
3Y 13.1%
5Y 739.0%
10Y 217.4%
Share Price
Intrinsic Value
Drawdown
Total Return
vs SP500
vs NASDAQ
Crunching data... Almost there!

CNQ Stock Metrics

Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Base
Market Cap
$64.9B
Enterprise Value
$78.9B
LTM Revenue
CA$37.2B
LTM Free Cash Flow
CA$8,011.0M
Shares Outstanding
2,108M
Employees
N/A
Growth (CAGR)
Revenue 5Y
8.8%
Operating Income 5Y
16.0%
EPS 5Y
4.80%
Free Cash Flow 5Y
8.6%
Forward Revenue 2Y
0.9%
Forward EPS 2Y
(4.45%)
Profitability
Gross margin
33.9%
EBIT margin
31.6%
Net income margin
16.4%
OCF margin
36.0%
FCF margin
21.6%
FCF / Net Income
131.2%
Intrinsic Value
Intrinsic Value
$37.4 (21.5% undervalued)
DCF Value
$33.3
Relative Value
$41.5
Peter Lynch fair value
$13.8
Ben Graham fair value
$4.4
Reverse DCF (implied FCF growth)
0.6%
EPV, % of EV
83.8%
Valuation (LTM)
EV / Revenue
3.1x
EV / EBIT
9.7x
P / FCF
11.6x
P / E
15.3x
P / BV
2.4x
PEG
(3.4x)
FCF Yield
8.6%
Return on Capital
ROE
15.4%
ROA
7.6%
ROIC
12.6%
ROCE
13.7%
ROE 5Y avg
16.6%
ROIC 5Y avg
9.5%
ROCE 5Y avg
9.5%
Financial Health
Cash & Short-term Investments
CA$131.0M
Net Debt
CA$20.2B
Net Debt / FCF
2.5x
EBIT / Interest
26.1x
Total Debt / Equity
51.4%
Dividends
Dividends per share (DPS)
CA$2.1
DPS 5Y CAGR
30.3%
Dividend Yield
4.7%
FCF Payout ratio
55.3%
Ex-dividend date
Mar 21, 2025
Earnings
Next earnings date
Jul 30, 2025
Last Revenue surprise
MISS by (36.1%)
Last EPS surprise
MISS by (4.5%)
Next EPS YoY growth
(4.3%)
Last 10 earnings
6 Beat & 4 Miss

CNQ Stock Financials

CNQ Income Statement Metrics

Annual
Quarterly
LTM

Revenue

$26.6B -27.4% YoY

Operating Income

$12.8B +16.8% YoY

Net Income

$6.1B -24.7% YoY

CNQ Cash Flow Statement Metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$9,150.7M -36.3% YoY

Capital Expenditure (CAPEX)

($3,636.4M) -4.4% YoY

Free Cash Flow (FCF)

$5,514.3M -47.7% YoY

CNQ Income Statement Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Revenue
$26.6B (27.4%) YoY
Gross profit
$13.5B 11.8% YoY
50.6% margin
Cost of revenue
$13.2B (46.6%) YoY
Operating income
$12.8B 16.8% YoY
47.9% margin
Other: $4,772.0M
Net interest: $471.1M
Operating expenses
$698.5M (37.1%) YoY
Pre-tax income
$7,529.9M (25.8%) YoY
28.3% margin
Net income
$6,098.7M (24.7%) YoY
22.9% margin
Income tax
$1,431.2M
19.0% tax rate
SG&A
$698.5M (22.6%) YoY
2.6% of revenue

CNQ Balance Sheet Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Assets
Liabilities
Total assets
$57.3B
Current assets ($5,407.5M, 9.4% of total)
Cash & ST investments
$1,057.8M (1.8%)
Accounts receivables
$2,406.1M (4.2%)
Other current assets
$1,943.6M (3.4%)
Non-current assets ($51.9B, 90.6% of total)
Long-term investments
$754.5K (0.0%)
Other non-current assets
$407.4M (0.7%)
Financial position
Net Debt
$8,263.3M
$1,057.8M$9,321.1M
Cash & Short-term Investments
Total Debt
Quick ratio
0.6x
Net Debt to Free Cash Flow
1.5x
Debt to Equity ratio
31.0%

CNQ Stock Ratios

Annual
Quarterly
LTM
Industry Median
5Y Historical Average
Benchmark
Revenue growth
EPS growth
Gross margin
Free Cash Flow margin
Net Debt to FCF
FCF to Interest
ROIC
Shareholder yield

CNQ Earnings Surprises

Crunching data... Almost there!

CNQ Dividends

CNQ Dividend Yield

Crunching data... Almost there!

CNQ Dividend Per Share

3Y
10Y
30Y
Annual
Quarterly
LTM
1Y Growth
21.6%
3Y CAGR
38.2%
5Y CAGR
30.3%
10Y CAGR
22.1%

Competing with CNQ

Overview
Ratings
Intrinsic Value
Valuation
Growth
Profitability
Health
Capital allocation
Momentum
Earnings
Dividends
Company name
Market Cap
Quality rating
Intrinsic value
1Y Return
Revenue
Free Cash Flow
Revenue growth
FCF margin
Gross margin
ROIC
Total Debt to Equity
CNQ
$64.9B
6.3
$37.4
21.5% undervalued
(15.8%)
CA$37.2B
CA$8,011.0M
(6.4%)
21.6%
33.9%
12.6%
51.4%
COP
$119.6B
5.9
$123.0
20.3% undervalued
(16.7%)
$55.3B
$8,006.0M
(1.4%)
14.5%
30.5%
11.2%
37.5%
EOG
$72.6B
6.9
$152.3
18.7% undervalued
3.7%
$23.4B
$5,771.0M
1.1%
24.6%
62.9%
17.2%
17.3%
PXD
$63.1B
6.1
$1,312.2
386.7% undervalued
35.1%
$19.7B
$3,767.0M
(13.8%)
19.1%
35.5%
(1.9%)
22.6%
HES
$48.5B
6.8
$82.1
47.8% overvalued
5.0%
$12.8B
$654.0M
22.2%
5.1%
63.0%
20.8%
78.8%
FANG
$47.0B
6.5
$184.8
14.8% undervalued
(15.3%)
$11.1B
($5,171.0M)
31.9%
(46.8%)
73.7%
10.7%
3.1%
OXY
$44.4B
5.7
$41.0
14.5% overvalued
(24.5%)
$26.7B
$4,592.0M
(5.4%)
17.2%
35.7%
3.6%
78.6%
EQT
$32.6B
5.8
$27.3
49.4% overvalued
57.6%
$5,222.2M
$573.3M
3.0%
11.0%
30.0%
0.7%
38.6%
TPL
$30.9B
6.5
$273.7
79.6% overvalued
138.5%
$705.8M
$65.4M
11.8%
9.3%
90.7%
89.3%
0.0%
WDS
$27.5B
5.6
$9.1
37.2% overvalued
(20.6%)
$27.2B
$757.0M
14.3%
2.8%
44.7%
12.1%
32.1%
DVN
$23.2B
5.7
$62.5
69.0% undervalued
(22.7%)
$15.7B
($831.0M)
5.3%
(5.3%)
28.5%
7.9%
62.6%

FAQ

What is Canadian Natural Resources Limited (CNQ) stock rating?

As of today, Canadian Natural Resources Limited has a stock rating of 6 (out of 10), which is considered Good.

is Canadian Natural Resources Limited (CNQ) a good stock to buy?

As of today, Canadian Natural Resources Limited has a Good stock rating, which is 21.5% undervalued. According to Value Sense backtesting, stocks with similar profile tend to outperform the market by 3.2%.