Cenovus Energy Inc (CVE) - Net Assets

Latest as of September 2025: CA$28.39 Billion CAD ≈ $20.54 Billion USD

Based on the latest financial reports, Cenovus Energy Inc (CVE) has net assets worth CA$28.39 Billion CAD (≈ $20.54 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 (CA$53.57 Billion ≈ $38.75 Billion USD) and total liabilities (CA$25.18 Billion ≈ $18.22 Billion USD). 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. Check asset resilience ratio of Cenovus Energy Inc to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$28.39 Billion
% of Total Assets	52.99%
Annual Growth Rate	7.45%
5-Year Change	78.18%
10-Year Change	140.25%
Growth Volatility	20.84

Cenovus Energy Inc - Net Assets Trend (2008–2024)

This chart illustrates how Cenovus Energy Inc's net assets have evolved over time, based on quarterly financial data. Also explore Cenovus Energy Inc asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Cenovus Energy Inc (2008–2024)

The table below shows the annual net assets of Cenovus Energy Inc from 2008 to 2024. For live valuation and market cap data, see market value of Cenovus Energy Inc.

Year	Net Assets	Change
2024-12-31	CA$29.77 Billion ≈ $21.53 Billion	+3.68%
2023-12-31	CA$28.71 Billion ≈ $20.77 Billion	+4.07%
2022-12-31	CA$27.59 Billion ≈ $19.96 Billion	+16.86%
2021-12-31	CA$23.61 Billion ≈ $17.08 Billion	+41.31%
2020-12-31	CA$16.71 Billion ≈ $12.09 Billion	-12.99%
2019-12-31	CA$19.20 Billion ≈ $13.89 Billion	+9.92%
2018-12-31	CA$17.47 Billion ≈ $12.64 Billion	-12.58%
2017-12-31	CA$19.98 Billion ≈ $14.45 Billion	+72.40%
2016-12-31	CA$11.59 Billion ≈ $8.38 Billion	-6.46%
2015-12-31	CA$12.39 Billion ≈ $8.96 Billion	+21.65%
2014-12-31	CA$10.19 Billion ≈ $7.37 Billion	+2.41%
2013-12-31	CA$9.95 Billion ≈ $7.19 Billion	+1.43%
2012-12-31	CA$9.81 Billion ≈ $7.09 Billion	+4.25%
2011-12-31	CA$9.41 Billion ≈ $6.80 Billion	-6.15%
2010-12-31	CA$10.02 Billion ≈ $7.25 Billion	+4.26%
2009-12-31	CA$9.61 Billion ≈ $6.95 Billion	+1.94%
2008-12-31	CA$9.43 Billion ≈ $6.82 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Cenovus Energy Inc'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 1051300000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CA$10.51 Billion	35.33%
Common Stock	CA$15.66 Billion	52.63%
Other Comprehensive Income	CA$2.31 Billion	7.77%
Other Components	CA$1.27 Billion	4.26%
Total Equity	CA$29.75 Billion	100.00%

Cenovus Energy Inc Competitors by Market Cap

The table below lists competitors of Cenovus Energy Inc ranked by their market capitalization.

Company	Market Cap
KDDI CORP.UNSP.ADR 4 F:DIP0	$54.44 Billion
Infineon Technologies AG F:IFX	$54.52 Billion
AB Volvo (publ) ST:VOLV-B	$54.57 Billion
Life Insurance Corporation Of India NSE:LICI	$54.58 Billion
Societe Generale S.A. PA:GLE	$54.31 Billion
Alimentation Couchen Tard Inc A TO:ATD	$54.30 Billion
The Allstate Corporation NYSE:ALL	$54.30 Billion
Bank of China Limited F:W8V	$54.16 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Cenovus Energy Inc'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 1,738,000,000 reduced equity.
Other comprehensive income increased equity by 1,080,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$3.14 Billion	+10.56%
Dividends Paid	CA$1.55 Billion	-5.21%
Share Repurchases	CA$1.74 Billion	-5.84%
Other Comprehensive Income	CA$1.08 Billion	+3.63%
Other Changes	CA$123.00 Million	+0.41%
Total Change	CA$-	3.68%

Book Value vs Market Value Analysis

This analysis compares Cenovus Energy Inc'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: 2.49x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 3.17x to 2.49x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-12-31	CA$12.54	CA$39.82	x
2009-12-31	CA$12.79	CA$39.82	x
2010-12-31	CA$13.31	CA$39.82	x
2011-12-31	CA$12.41	CA$39.82	x
2012-12-31	CA$12.93	CA$39.82	x
2013-12-31	CA$13.13	CA$39.82	x
2014-12-31	CA$13.45	CA$39.82	x
2015-12-31	CA$15.13	CA$39.82	x
2016-12-31	CA$13.91	CA$39.82	x
2017-12-31	CA$18.12	CA$39.82	x
2018-12-31	CA$14.21	CA$39.82	x
2019-12-31	CA$15.62	CA$39.82	x
2020-12-31	CA$13.60	CA$39.82	x
2021-12-31	CA$11.54	CA$39.82	x
2022-12-31	CA$13.75	CA$39.82	x
2023-12-31	CA$14.90	CA$39.82	x
2024-12-31	CA$15.97	CA$39.82	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Cenovus Energy Inc 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: 5.79%
• Asset Turnover: 0.96x
• Equity Multiplier: 1.90x
Recent ROE (10.56%) is above the historical average (7.58%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	26.80%	14.30%	0.79x	2.38x	CA$1.58 Billion
2009	7.69%	6.39%	0.54x	2.24x	CA$-222.21 Million
2010	10.79%	8.55%	0.57x	2.20x	CA$78.80 Million
2011	15.71%	9.42%	0.71x	2.36x	CA$537.40 Million
2012	10.13%	5.90%	0.70x	2.47x	CA$12.40 Million
2013	6.66%	3.55%	0.74x	2.54x	CA$-332.60 Million
2014	7.30%	3.79%	0.80x	2.42x	CA$-274.60 Million
2015	4.99%	4.73%	0.51x	2.08x	CA$-621.10 Million
2016	-4.70%	-4.95%	0.44x	2.18x	CA$-1.70 Billion
2017	12.15%	14.25%	0.42x	2.05x	CA$429.90 Million
2018	-16.54%	-13.86%	0.59x	2.01x	CA$-4.64 Billion
2019	11.43%	10.87%	0.57x	1.86x	CA$273.90 Million
2020	-14.24%	-17.57%	0.41x	1.96x	CA$-4.05 Billion
2021	2.49%	1.27%	0.86x	2.29x	CA$-1.77 Billion
2022	23.39%	9.64%	1.20x	2.03x	CA$3.69 Billion
2023	14.32%	7.87%	0.97x	1.88x	CA$1.24 Billion
2024	10.56%	5.79%	0.96x	1.90x	CA$166.60 Million

Industry Comparison

This section compares Cenovus Energy Inc's net assets metrics with peer companies in the Oil & Gas Integrated industry.

Industry Context

Industry: Oil & Gas Integrated
Average net assets among peers: $2,736,501,030
Average return on equity (ROE) among peers: 12.41%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Cenovus Energy Inc (CVE)	CA$28.39 Billion	26.80%	0.89x	$54.34 Billion
Imperial Oil Ltd (IMO)	$4.44 Billion	13.11%	1.18x	$61.08 Billion
Suncor Energy Inc (SU)	$1.04 Billion	11.70%	1.13x	$79.05 Billion

About Cenovus Energy Inc

TO:CVE Canada Oil & Gas Integrated

Market Cap

$54.34 Billion

CA$75.12 Billion CAD

Market Cap Rank

#481 Global

#20 in Canada

Share Price

CA$39.82

Change (1 day)

+0.20%

52-Week Range

CA$16.11 - CA$39.82

All Time High

CA$39.82