Cenovus Energy Shares Owned By Insiders vs. Price To Book

CVE Stock  CAD 21.42  0.11  0.51%   
Based on the key profitability measurements obtained from Cenovus Energy's financial statements, Cenovus Energy may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Cenovus Energy's ability to earn profits and add value for shareholders. As of the 11th of December 2024, Price To Sales Ratio is likely to grow to 1.20. Also, Days Sales Outstanding is likely to grow to 35.18. At this time, Cenovus Energy's Net Income Applicable To Common Shares is very stable compared to the past year. As of the 11th of December 2024, Income Quality is likely to grow to 2.85, while Total Other Income Expense Net is likely to drop (389.6 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.230.118
Way Up
Slightly volatile
For Cenovus Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cenovus Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cenovus Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cenovus Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cenovus Energy over time as well as its relative position and ranking within its peers.
  
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To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.
Please note, there is a significant difference between Cenovus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenovus Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenovus Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Cenovus Energy Price To Book vs. Shares Owned By Insiders Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Cenovus Energy's current stock value. Our valuation model uses many indicators to compare Cenovus Energy value to that of its competitors to determine the firm's financial worth.
Cenovus Energy is number one stock in shares owned by insiders category among its peers. It is rated third in price to book category among its peers fabricating about  0.04  of Price To Book per Shares Owned By Insiders. The ratio of Shares Owned By Insiders to Price To Book for Cenovus Energy is roughly  23.82 . As of the 11th of December 2024, Price To Book Ratio is likely to grow to 1.80. Comparative valuation analysis is a catch-all model that can be used if you cannot value Cenovus Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Cenovus Energy's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Cenovus Price To Book vs. Shares Owned By Insiders

Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.

Cenovus Energy

Insiders Shares

 = 

Executives Shares

+

Employees

 = 
32.22 %
Although the research on effects of insider trading on prices and volatility is still relatively inconclusive, and investors are advised to pay close attention to the distribution of equities among company's stakeholders to avoid many problems associated with the disclosure of price-sensitive information.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Cenovus Energy

P/B

 = 

MV Per Share

BV Per Share

 = 
1.35 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.

Cenovus Price To Book Comparison

Cenovus Energy is currently under evaluation in price to book category among its peers.

Cenovus Energy Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Cenovus Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cenovus Energy will eventually generate negative long term returns. The profitability progress is the general direction of Cenovus Energy's change in net profit over the period of time. It can combine multiple indicators of Cenovus Energy, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income1.2 B1.3 B
Operating Income5.4 B5.7 B
Income Before TaxB5.3 B
Total Other Income Expense Net-371 M-389.6 M
Net Income4.1 B4.3 B
Income Tax Expense931 M977.5 M
Net Income From Continuing Ops4.1 B4.3 B
Net Income Applicable To Common Shares7.4 B7.7 B
Interest Income217 M206.2 M
Net Interest Income-538 M-564.9 M
Change To Netincome-127.7 M-134 M
Net Income Per Share 2.17  1.22 
Income Quality 1.80  2.85 
Net Income Per E B T 0.82  0.65 

Cenovus Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Cenovus Energy. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Cenovus Energy position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Cenovus Energy's important profitability drivers and their relationship over time.

Use Cenovus Energy in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cenovus Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cenovus Energy will appreciate offsetting losses from the drop in the long position's value.

Cenovus Energy Pair Trading

Cenovus Energy Pair Trading Analysis

The ability to find closely correlated positions to Cenovus Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cenovus Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cenovus Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cenovus Energy to buy it.
The correlation of Cenovus Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cenovus Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cenovus Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cenovus Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Cenovus Energy position

In addition to having Cenovus Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Sport Products
Sport Products Theme
Companies manufacturing sporting goods and accessories. The Sport Products theme has 44 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Sport Products Theme or any other thematic opportunities.
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When determining whether Cenovus Energy is a strong investment it is important to analyze Cenovus Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cenovus Energy's future performance. For an informed investment choice regarding Cenovus Stock, refer to the following important reports:
Check out Trending Equities.
To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
To fully project Cenovus Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Cenovus Energy at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Cenovus Energy's income statement, its balance sheet, and the statement of cash flows.
Potential Cenovus Energy investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Cenovus Energy investors may work on each financial statement separately, they are all related. The changes in Cenovus Energy's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cenovus Energy's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.