Canadian Natural Resources Ltd
TSX:CNQ

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Canadian Natural Resources Ltd
TSX:CNQ
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Price: 42.5 CAD 0.05% Market Closed
Market Cap: 89.7B CAD
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Relative Value

The Relative Value of one CNQ stock under the Base Case scenario is 45.03 CAD. Compared to the current market price of 42.5 CAD, Canadian Natural Resources Ltd is Undervalued by 6%.

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
45.03 CAD
Undervaluation 6%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.5
P/S
P/S
Price to Sales
2.5
vs History
26
vs Industry
27
Median 3Y
2.5
Median 5Y
2.1
Industry
1.2
Forward
2.5
More Details
11.8
P/E
P/E
Price to Earnings
11.8
vs History
33
vs Industry
14
Median 3Y
10.1
Median 5Y
9.9
Industry
9.4
Forward
12.3
More Details
6.1
P/OCF
P/OCF
Price to OCF
6.1
vs History
36
vs Industry
15
Median 3Y
5.8
Median 5Y
5.3
Industry
4.7
More Details
12.3
P/FCFE
P/FCFE
Price to FCFE
12.3
vs History
66
vs Industry
17
Median 3Y
13.9
Median 5Y
14
Industry
9.7
More Details
2.3
P/B
P/B
Price to Book Value
2.3
vs History
25
vs Industry
15
Median 3Y
2.2
Median 5Y
2
Industry
1.1
More Details
2.8
EV/S
EV/S
Enterprise Value to Sales
2.8
vs History
53
vs Industry
32
Median 3Y
2.8
Median 5Y
2.8
Industry
1.7
Forward
2.7
More Details
5.5
EV/GP
EV/GP
Enterprise Value to Gross Profit
5.5
vs History
55
vs Industry
29
Median 3Y
5.5
Median 5Y
5.6
Industry
4.3
More Details
5.9
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
5.9
vs History
55
vs Industry
22
Median 3Y
5.8
Median 5Y
6
Industry
5.8
Forward
5.9
More Details
9.9
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
9.9
vs History
57
vs Industry
17
Median 3Y
9.5
Median 5Y
10.5
Industry
8.3
Forward
13
More Details
6.7
EV/OCF
EV/OCF
Enterprise Value to OCF
6.7
vs History
58
vs Industry
21
Median 3Y
6.6
Median 5Y
7.2
Industry
6.3
More Details
10.2
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
10.2
vs History
58
vs Industry
21
Median 3Y
10.1
Median 5Y
11.1
Industry
10.4
More Details
1.3
EV/IC
EV/IC
Enterprise Value to IC
1.3
vs History
25
vs Industry
24
Median 3Y
1.3
Median 5Y
1.2
Industry
0.9
More Details

Multiples Across Competitors

CNQ Competitors Multiples
Canadian Natural Resources Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Canadian Natural Resources Ltd
TSX:CNQ
89.8B CAD 2.5 11.8 5.9 9.9
MY
Reach Energy Bhd
KLSE:REACH
5.2T MYR 23 919.5 -22 726.6 -15 708.5 -12 091.2
US
Conocophillips
NYSE:COP
123B USD 2.2 12.4 5.7 9.5
CN
CNOOC Ltd
SSE:600938
749.5B CNY 1.7 5.2 3 3
US
EOG Resources Inc
NYSE:EOG
67.2B USD 2.8 9.4 4.9 7.1
US
Pioneer Natural Resources Co
LSE:0KIX
46B USD 2.4 9.4 5.4 7.8
US
Diamondback Energy Inc
NASDAQ:FANG
45.4B USD 4.7 14.2 8.6 12.8
US
Hess Corp
NYSE:HES
39.5B USD 3.1 15 6.7 10.2
AU
Woodside Energy Group Ltd
ASX:WDS
44.7B AUD 2.2 15.1 3.6 6.7
US
Continental Resources Inc
F:C5L
25.8B EUR 3 7.5 4.4 6
US
EQT Corp
NYSE:EQT
25.7B USD 4.5 81.6 12.9 66.1
P/E Multiple
Earnings Growth P/E to Growth
CA
Canadian Natural Resources Ltd
TSX:CNQ
Average P/E: 18.2
11.8
7%
1.6
MY
R
Reach Energy Bhd
KLSE:REACH
Negative Multiple: -22 726.6 N/A N/A
US
Conocophillips
NYSE:COP
12.4
11%
1.1
CN
C
CNOOC Ltd
SSE:600938
5.2
23%
0.2
US
EOG Resources Inc
NYSE:EOG
9.4
-10%
N/A
US
P
Pioneer Natural Resources Co
LSE:0KIX
9.4
2%
4.5
US
Diamondback Energy Inc
NASDAQ:FANG
14.2
53%
0.3
US
Hess Corp
NYSE:HES
15
150%
0.1
AU
Woodside Energy Group Ltd
ASX:WDS
15.1
16%
0.9
US
C
Continental Resources Inc
F:C5L
7.5
N/A N/A
US
EQT Corp
NYSE:EQT
81.6
28%
2.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Canadian Natural Resources Ltd
TSX:CNQ
Average EV/EBITDA: 6.1
5.9
13%
0.5
MY
R
Reach Energy Bhd
KLSE:REACH
Negative Multiple: -15 708.5 N/A N/A
US
Conocophillips
NYSE:COP
5.7
29%
0.2
CN
C
CNOOC Ltd
SSE:600938
3
68%
0
US
EOG Resources Inc
NYSE:EOG
4.9
2%
2.4
US
P
Pioneer Natural Resources Co
LSE:0KIX
5.4
14%
0.4
US
Diamondback Energy Inc
NASDAQ:FANG
8.6
72%
0.1
US
Hess Corp
NYSE:HES
6.7
64%
0.1
AU
Woodside Energy Group Ltd
ASX:WDS
3.6
-13%
N/A
US
C
Continental Resources Inc
F:C5L
4.4
N/A N/A
US
EQT Corp
NYSE:EQT
12.9
32%
0.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Canadian Natural Resources Ltd
TSX:CNQ
Average EV/EBIT: 13.9
9.9
-2%
N/A
MY
R
Reach Energy Bhd
KLSE:REACH
Negative Multiple: -12 091.2 N/A N/A
US
Conocophillips
NYSE:COP
9.5
17%
0.6
CN
C
CNOOC Ltd
SSE:600938
3
15%
0.2
US
EOG Resources Inc
NYSE:EOG
7.1
-13%
N/A
US
P
Pioneer Natural Resources Co
LSE:0KIX
7.8
8%
1
US
Diamondback Energy Inc
NASDAQ:FANG
12.8
49%
0.3
US
Hess Corp
NYSE:HES
10.2
90%
0.1
AU
Woodside Energy Group Ltd
ASX:WDS
6.7
-33%
N/A
US
C
Continental Resources Inc
F:C5L
6
N/A N/A
US
EQT Corp
NYSE:EQT
66.1
35%
1.9

See Also

Summary
CNQ intrinsic value, competitors valuation, and company profile.
DCF Valuation
CNQ stock valuation using Discount Cash Flow valuation method.
Relative Valuation
CNQ stock valuation using valuation multiples.
Wall Street Estimates
CNQ price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
CNQ stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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