Canadian Natural Resources Ltd.
Canadian Natural Resources Ltd. is a diversified energy company focused on the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids. Canadian Natural Resources Ltd. operates a broad portfolio that includes oil sands mining and upgrading, thermal in situ bitumen projects, conventional light and heavy oil assets, and natural gas production. Its operations are concentrated in Western Canada, with additional activity in the UK sector of the North Sea and offshore Africa. The company also supports its upstream business with midstream and refining assets, including pipeline systems and cogeneration infrastructure. Canadian Natural Resources Ltd. plays an important role in supplying energy commodities to industrial, commercial, and transportation markets through a mix of long-life, low-decline assets and integrated production capabilities.
C$76.20
-C$0.03 (-0.04%)
Price from 2 days ago
18.62% operating margin is respectable but not wide. ROIC at 11.27%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 6.4%, steady but not accelerating. Margins contracted 4.8pp, which offsets some of the top-line progress.
ROIC dropped from 13.53% to 11.27%, capital efficiency is deteriorating. Operating margin contracted 4.8pp YoY, cost discipline may be slipping.
13.6x earnings, 16.2x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
C$51.40B
▲ +6.4% YoY
Net Income (TTM)
C$11.75B
▲ +77.2% YoY
Op. Margin
23.15%
▼ -4.8pp YoY
ROIC
11.27%
▼ -2.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
C$9.80B
▲ +3.9% YoY
Op. Cash Flow (TTM)
C$17.81B
▲ +14.9% YoY
Net Debt
C$15.94B
Cash & Equiv.
C$673M
3Y CAGR: -3.7%
3Y CAGR: -16.4%
Continue Research
Is Canadian Natural Resources (CNQ) overvalued?
At a P/E of 13.6 and a price-to-free-cash-flow of 16.2, Canadian Natural Resources (CNQ) trades above a two-stage DCF intrinsic value of about C$73.64 per share, so at C$76.20 the stock looks overvalued (3.4% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Canadian Natural Resources scores 43/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.2%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Canadian Natural Resources's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about C$73.64 per share for CNQ, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around C$55.23. At today's C$76.20, that puts the stock about 3.4% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Canadian Natural Resources a high-quality business?+
Canadian Natural Resources scores 43 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 23.2% operating margin and a 11.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Canadian Natural Resources (CNQ) pay a dividend, and how much?+
Yes, Canadian Natural Resources pays a regular dividend of about C$2.43 per share per year (typically in quarterly installments), a yield of roughly 3.2% at the current price. That is a payout ratio of about 43.2% of earnings, so the dividend is well covered. Canadian Natural Resources has grown the dividend at roughly 15.0% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For CNQ's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Canadian Natural Resources a good stock to buy right now?+
That depends on valuation and quality together, not either alone. CNQ currently trades above its estimated intrinsic value and scores 43/100 on quality (mixed). It also yields about 3.2%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Oil & Gas E&P
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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