Canadian Natural Resources Ltd
TSX:CNQ

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Canadian Natural Resources Ltd
TSX:CNQ
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Price: 45.07 CAD 0.24% Market Closed
Market Cap: 93.9B CAD

Relative Value

The Relative Value of one CNQ stock under the Base Case scenario is 48.72 CAD. Compared to the current market price of 45.07 CAD, Canadian Natural Resources Ltd is Undervalued by 7%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

CNQ Relative Value
Base Case
48.72 CAD
Undervaluation 7%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
39
vs Industry
30
Median 3Y
2.4
Median 5Y
2.4
Industry
1.4
Forward
2.4
vs History
14
vs Industry
15
Median 3Y
12.4
Median 5Y
10.9
Industry
12
Forward
13.2
vs History
44
vs Industry
19
Median 3Y
6.5
Median 5Y
6.3
Industry
5.1
vs History
33
vs Industry
15
Median 3Y
14.6
Median 5Y
17.7
Industry
10.9
vs History
28
vs Industry
16
Median 3Y
2.3
Median 5Y
2.2
Industry
1.3
vs History
42
vs Industry
32
Median 3Y
2.8
Median 5Y
2.9
Industry
2.1
Forward
2.9
vs History
36
vs Industry
30
Median 3Y
5.8
Median 5Y
5.7
Industry
5.2
vs History
58
vs Industry
25
Median 3Y
5.9
Median 5Y
6
Industry
6.7
Forward
6.2
vs History
34
vs Industry
21
Median 3Y
10.5
Median 5Y
10.4
Industry
10.1
Forward
13.6
vs History
39
vs Industry
23
Median 3Y
7.4
Median 5Y
7.4
Industry
7
vs History
vs Industry
21
Median 3Y
9.9
Median 5Y
10.2
Industry
11.5
vs History
30
vs Industry
27
Median 3Y
1.3
Median 5Y
1.3
Industry
1

Multiples Across Competitors

CNQ Competitors Multiples
Canadian Natural Resources Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Canadian Natural Resources Ltd
TSX:CNQ
94B CAD 2.4 14.1 5.9 10.8
US
Conocophillips
NYSE:COP
113.1B USD 1.9 12.8 5.4 10.3
CN
CNOOC Ltd
SSE:600938
774.4B CNY 1.9 6.3 4.9 4.9
US
EOG Resources Inc
NYSE:EOG
56.3B USD 2.5 10.2 5.1 8
US
Hess Corp
NYSE:HES
46.1B USD 3.7 20.7 8.2 13.4
US
Pioneer Natural Resources Co
LSE:0KIX
46B USD 2.4 9.4 5.4 7.8
US
Diamondback Energy Inc
NASDAQ:FANG
42B USD 2.7 10 5.6 10.3
US
EQT Corp
NYSE:EQT
33.7B USD 4.3 18.9 8 15.8
US
Continental Resources Inc
F:C5L
25.8B EUR 3.4 8.5 4.9 6.7
AU
Woodside Energy Group Ltd
ASX:WDS
44B AUD 2.1 10 4 9.2
CA
Perisson Petroleum Corp
XTSX:POG
35.9B CAD 236 663.4 -220 684.9 -31 535.7 -31 401.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Canadian Natural Resources Ltd
TSX:CNQ
Average EV/EBITDA: 5.7
5.9
5%
1.2
US
Conocophillips
NYSE:COP
5.4
7%
0.8
CN
C
CNOOC Ltd
SSE:600938
4.9
12%
0.4
US
EOG Resources Inc
NYSE:EOG
5.1
4%
1.3
US
Hess Corp
NYSE:HES
8.2
8%
1
US
P
Pioneer Natural Resources Co
LSE:0KIX
5.4
4%
1.3
US
Diamondback Energy Inc
NASDAQ:FANG
5.6
13%
0.4
US
EQT Corp
NYSE:EQT
8
42%
0.2
US
C
Continental Resources Inc
F:C5L
4.9
N/A N/A
AU
Woodside Energy Group Ltd
ASX:WDS
4
-3%
N/A
CA
P
Perisson Petroleum Corp
XTSX:POG
Negative Multiple: -31 535.7 N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Canadian Natural Resources Ltd
TSX:CNQ
Average EV/EBIT: 9.7
10.8
0%
N/A
US
Conocophillips
NYSE:COP
10.3
7%
1.5
CN
C
CNOOC Ltd
SSE:600938
4.9
-3%
N/A
US
EOG Resources Inc
NYSE:EOG
8
-1%
N/A
US
Hess Corp
NYSE:HES
13.4
8%
1.7
US
P
Pioneer Natural Resources Co
LSE:0KIX
7.8
2%
3.9
US
Diamondback Energy Inc
NASDAQ:FANG
10.3
6%
1.7
US
EQT Corp
NYSE:EQT
15.8
139%
0.1
US
C
Continental Resources Inc
F:C5L
6.7
N/A N/A
AU
Woodside Energy Group Ltd
ASX:WDS
9.2
-7%
N/A
CA
P
Perisson Petroleum Corp
XTSX:POG
Negative Multiple: -31 401.5 N/A N/A