Intrinsiqq
⚠ Showing the latest available close (Oct 21, 2026, 2 days ago). Our price provider hasn't published a newer EOD for this ticker yet. Price-dependent metrics (P/E, P/FCF, yield) may not reflect current market conditions.
Canadian Natural Resources Ltd. logoCanadian Natural Resources Ltd.CNQ
C$76.20-0.04%
Canadian Natural Resources Ltd. logo

Canadian Natural Resources Ltd.

CNQ

C$76.20

-C$0.03 (-0.04%)

⊜ Compare
ProfitabilityStrong marginsGrowthSteady growthCash FlowStrong conversionValuationAttractively priced
What stands out

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.

What's changing

Revenue grew 6.4%, steady but not accelerating. Margins contracted 4.8pp, which offsets some of the top-line progress.

What deserves caution

ROIC dropped from 13.53% to 11.27%, capital efficiency is deteriorating. Operating margin contracted 4.8pp YoY, cost discipline may be slipping.

Valuation context

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

+81.8%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market CapC$159.25B
EPSC$5.62
P/E13.57
P/FCF16.25
EV/EBITDA8.18
FCF Yield6.2%
Div. Yield3.19%
Net Debt/FCF1.6x
52-Week Range
C$42.38C$76.46

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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Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.