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CNQ.TO$63.72+1.63%
Fair $63.72+0.0%

CNQ.TO

Canadian Natural Resources Limited

Energy / Oil & Gas E&PToronto

$63.72

+1.02 (+1.63%)

Fairly Valued+0.0%Fair Value $63.72Fund rank 37/100 · Data gapFallback financials|
SA 55/C
F-Score: 6/9
Margin Compression

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $8.0B · quality 77.7/100

Data gap 37/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 81/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

55/100

C

Piotroski

6/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists. Operating margin has declined for 3 consecutive years
Thesis & Journal · CNQ.TOLocal privado en este navegador · Canadian Natural Resources Limited
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$132.9B

P/E

12.0x

↓

EV/EBITDA

6.8x

↓

ROE

24.4%

↑

Gross Margin

21.3%

↓

Debt/Equity

0.37

↑
52-Week Range$64
$41$71

TradingView lightweight chart

CNQ.TO price, volumen y niveles de valoración

Último $63.72Periodo +2874.1%
Fair value: $63.72

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-3.7%

FCF CAGR

-16.4%

FCF margin

18.8%

FCF / Net income

0.77x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $44.17B · net income $10.82B · FCF $8.31B

2022-FY → 2025-FY

Gross margin

21.3%-11.5% pts

Operating margin

18.6%-11.2% pts

Net margin

24.5%+2.4% pts

FCF margin

18.8%-10.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$44.17B$44.17B$41.51B$40.84B$49.53B
Net Income$10.82B$10.82B$6.11B$8.23B$10.94B
EBITDA$21.89B$21.89B$15.41B$17.27B$21.73B
EPS5.165.162.853.734.76
Gross Margin21.3%21.3%26.3%28.8%32.8%
Operating Margin18.6%18.6%23.4%25.6%29.8%
Net Margin24.5%24.5%14.7%20.2%22.1%
Balance Sheet
Debt/Equity0.370.370.480.270.30
Current Ratio0.980.98———
Cash Flow
Free Cash Flow$8.31B$8.31B$8.00B$7.44B$14.26B
Returns
ROE24.4%24.4%15.5%20.7%28.6%
Valuation
P/E12.0212.0216.0011.997.70
EV/EBITDA6.846.847.556.294.36
P/B3.013.012.472.482.21
Growth & Yield
Revenue Growth6.4%6.4%1.7%-17.6%—
EPS Growth81.1%81.1%-23.7%-21.5%—
Dividend Yield4.0%4.0%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

3.1%

fácil

EPS terminal req.

$5.65

Spread vs growth

78.0%

5Y implied EPS CAGR

5.8%

razonable

EPS terminal req.

$6.84

Spread vs growth

75.2%

10Y implied EPS CAGR

7.9%

razonable

EPS terminal req.

$11.02

Spread vs growth

73.2%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +56.9%

Total return

+56.9%

Start / end P/E

14.6x → 12.3x

EPS bridge

2.85 → 5.16

Residual

-12.6%

EPS growth+81.1%
Multiple rerating-15.5%
Dividend+4.0%
Residual / FX / buybacks / cross-term-12.6%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.