CNVEF
Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments. The company develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. I… Read more
CNVEF (CNVEF) - Net Assets
Latest net assets as of September 2025: $28.39 Billion USD
Based on the latest financial reports, CNVEF (CNVEF) has net assets worth $28.39 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($53.57 Billion) and total liabilities ($25.18 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $28.39 Billion |
| % of Total Assets | 52.99% |
| Annual Growth Rate | 9.16% |
| 5-Year Change | 78.18% |
| 10-Year Change | N/A |
| Growth Volatility | 18.05 |
CNVEF - Net Assets Trend (2019–2024)
This chart illustrates how CNVEF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CNVEF (2019–2024)
The table below shows the annual net assets of CNVEF from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $29.77 Billion | +3.68% |
| 2023-12-31 | $28.71 Billion | +4.07% |
| 2022-12-31 | $27.59 Billion | +16.86% |
| 2021-12-31 | $23.61 Billion | +41.31% |
| 2020-12-31 | $16.71 Billion | -12.99% |
| 2019-12-31 | $19.20 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CNVEF's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 255.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $10.51 Billion | 35.33% |
| Other Components | $19.24 Billion | 64.67% |
| Total Equity | $29.75 Billion | 100.00% |
CNVEF Competitors by Market Cap
The table below lists competitors of CNVEF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dupont De Nemours Inc
NYSE:DD
|
$18.56 Billion |
|
AMERICA MOVIL SAB DE CV
MX:AMXB
|
$18.56 Billion |
|
Nomura Holdings Inc
PINK:NRSCF
|
$18.59 Billion |
|
Snap-On Inc
NYSE:SNA
|
$18.60 Billion |
|
Annaly Capital Management, Inc.
NYSE:NLY-PJ
|
$18.52 Billion |
|
Carpenter Technology Corporation
NYSE:CRS
|
$18.51 Billion |
|
Skandinaviska Enskilda Banken AB A
PINK:SVKEF
|
$18.51 Billion |
|
CoStar Group Inc
NASDAQ:CSGP
|
$18.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CNVEF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 28,698,000,000 to 29,754,000,000, a change of 1,056,000,000 (3.7%).
- Net income of 3,142,000,000 contributed positively to equity growth.
- Dividend payments of 1,551,000,000 reduced retained earnings.
- Share repurchases of 1,695,000,000 reduced equity.
- Other factors increased equity by 1,160,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.14 Billion | +10.56% |
| Dividends Paid | $1.55 Billion | -5.21% |
| Share Repurchases | $1.70 Billion | -5.7% |
| Other Changes | $1.16 Billion | +3.9% |
| Total Change | $- | 3.68% |
Book Value vs Market Value Analysis
This analysis compares CNVEF's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.78x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $15.63 | $12.69 | x |
| 2020-12-31 | $13.60 | $12.69 | x |
| 2021-12-31 | $11.79 | $12.69 | x |
| 2022-12-31 | $14.44 | $12.69 | x |
| 2023-12-31 | $15.33 | $12.69 | x |
| 2024-12-31 | $16.32 | $12.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CNVEF utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.56%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.44%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 1.90x
- Recent ROE (10.56%) is above the historical average (7.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 11.43% | 10.27% | 0.60x | 1.86x | $273.90 Million |
| 2020 | -14.24% | -17.50% | 0.41x | 1.96x | $-4.05 Billion |
| 2021 | 2.49% | 1.20% | 0.90x | 2.29x | $-1.77 Billion |
| 2022 | 23.39% | 8.99% | 1.28x | 2.03x | $3.69 Billion |
| 2023 | 14.32% | 7.41% | 1.03x | 1.88x | $1.24 Billion |
| 2024 | 10.56% | 5.44% | 1.02x | 1.90x | $166.60 Million |
Industry Comparison
This section compares CNVEF's net assets metrics with peer companies in the Oil & Gas Integrated industry.
Industry Context
- Industry: Oil & Gas Integrated
- Average net assets among peers: $24,429,573,572
- Average return on equity (ROE) among peers: -17.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CNVEF (CNVEF) | $28.39 Billion | 11.43% | 0.89x | $18.53 Billion |
| Bedford Energy Inc (BFDE) | $270.56K | 33.19% | 3.36x | $0.95 |
| Brinx Resources Ltd (BNXR) | $2.54 Million | -30.13% | 0.01x | $1.97K |
| BP p.l.c (BPAQF) | $112.64 Billion | 3.36% | 1.52x | $69.85 Billion |
| Crown LNG Holdings Limited Ordinary Shares (CGBS) | $19.26K | -29.83% | 3.48x | $16.80K |
| Crown LNG Holdings Limited Warrants (CGBSW) | $14.89 Million | -181.71% | 1.10x | $834.21K |
| Cenovus Energy Inc (CVE) | $29.77 Billion | 10.55% | 0.90x | $36.85 Billion |
| Chevron Corp (CVX) | $77.29 Billion | 24.18% | 0.92x | $367.06 Billion |
| Diversified Energy Company plc (DEC) | $89.66 Million | 9.90% | 1.55x | $965.92 Million |
| ECA Marcellus Trust I Unit (ECTM) | $55.79 Million | 6.23% | 0.02x | $4.93K |