Cenovus Historical Income Statement
CVE Stock | USD 20.66 0.04 0.19% |
Historical analysis of Cenovus Energy income statement accounts such as Interest Expense of 557.4 M, Selling General Administrative of 443.6 M or Selling And Marketing Expenses of 784.2 M can show how well Cenovus Energy performed in making a profits. Evaluating Cenovus Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cenovus Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Cenovus Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cenovus Energy is a good buy for the upcoming year.
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About Cenovus Income Statement Analysis
Cenovus Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Cenovus Energy shareholders. The income statement also shows Cenovus investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Cenovus Energy Income Statement Chart
Cenovus Energy Income Statement is one of the three primary financial statements used for reporting Cenovus's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cenovus Energy revenue and expense. Cenovus Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Cenovus Energy's Operating Income is projected to increase significantly based on the last few years of reporting. The current year's EBIT is expected to grow to about 5.7 B, whereas Selling General Administrative is forecasted to decline to about 443.6 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Cenovus Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Cenovus Energy minus its cost of goods sold. It is profit before Cenovus Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from Cenovus Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cenovus Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.At present, Cenovus Energy's Operating Income is projected to increase significantly based on the last few years of reporting. The current year's EBIT is expected to grow to about 5.7 B, whereas Selling General Administrative is forecasted to decline to about 443.6 M.
2021 | 2022 | 2024 (projected) | Interest Expense | 1.0B | 812M | 557.4M | Depreciation And Amortization | 4.3B | 4.4B | 2.5B |
Cenovus Energy income statement Correlations
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Cenovus Energy Account Relationship Matchups
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Cenovus Energy income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 2.2B | 2.4B | 4.3B | 4.4B | 4.8B | 2.5B | |
Interest Expense | 595M | 547M | 511M | 1.0B | 812M | 557.4M | |
Selling General Administrative | 336M | 274M | 849M | 865M | 688M | 443.6M | |
Total Revenue | 21.4B | 13.6B | 48.8B | 71.8B | 52.2B | 26.7B | |
Gross Profit | 4.3B | 200M | 9.1B | 16.9B | 6.2B | 5.4B | |
Other Operating Expenses | 19.6B | 15.7B | 45.3B | 61.4B | 46.7B | 24.5B | |
Operating Income | 1.9B | (2.2B) | 3.9B | 11.0B | 5.5B | 5.7B | |
Ebit | 1.9B | (2.2B) | 3.9B | 11.0B | 5.5B | 5.7B | |
Ebitda | 4.1B | 183M | 8.2B | 15.3B | 10.3B | 10.8B | |
Cost Of Revenue | 17.0B | 13.4B | 39.7B | 54.9B | 46.0B | 48.3B | |
Total Operating Expenses | 2.5B | 2.3B | 5.6B | 6.5B | 688M | 653.6M | |
Income Before Tax | 1.4B | (3.2B) | 1.3B | 8.7B | 5.0B | 5.2B | |
Total Other Income Expense Net | (461M) | (1.1B) | (2.6B) | (2.2B) | (483M) | (507.2M) | |
Net Income Applicable To Common Shares | 2.2B | (2.4B) | 553M | 6.4B | 7.4B | 7.7B | |
Net Income | 2.2B | (2.4B) | 587M | 6.5B | 4.1B | 4.3B | |
Income Tax Expense | (797M) | (851M) | 728M | 2.3B | 931M | 977.6M | |
Net Income From Continuing Ops | 2.2B | (2.4B) | 587M | 6.5B | 4.1B | 4.3B | |
Tax Provision | (797M) | (851M) | 728M | 2.3B | 931M | 977.6M | |
Interest Income | 166M | 9M | 23M | 110M | 217M | 206.2M | |
Net Interest Income | (441M) | (499M) | (1.1B) | (739M) | (538M) | (564.9M) | |
Reconciled Depreciation | 2.2B | 3.5B | 5.9B | 4.4B | 4.6B | 3.9B |
Pair Trading with Cenovus Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cenovus Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cenovus Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Cenovus Stock
0.66 | E | Eni SpA ADR Earnings Call This Week | PairCorr |
0.96 | BP | BP PLC ADR Financial Report 7th of May 2024 | PairCorr |
0.97 | SU | Suncor Energy Financial Report 13th of May 2024 | PairCorr |
Moving against Cenovus Stock
0.75 | EP | Empire Petroleum Corp Downward Rally | PairCorr |
0.5 | PBR | Petroleo Brasileiro Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to Cenovus Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cenovus Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cenovus Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cenovus Energy to buy it.
The correlation of Cenovus Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cenovus Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cenovus Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cenovus Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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When running Cenovus Energy's price analysis, check to measure Cenovus Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cenovus Energy is operating at the current time. Most of Cenovus Energy's value examination focuses on studying past and present price action to predict the probability of Cenovus Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cenovus Energy's price. Additionally, you may evaluate how the addition of Cenovus Energy to your portfolios can decrease your overall portfolio volatility.
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Is Cenovus Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cenovus Energy. If investors know Cenovus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cenovus Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.03) | Dividend Share 0.525 | Earnings Share 1.54 | Revenue Per Share 27.541 | Quarterly Revenue Growth (0.07) |
The market value of Cenovus Energy is measured differently than its book value, which is the value of Cenovus that is recorded on the company's balance sheet. Investors also form their own opinion of Cenovus Energy's value that differs from its market value or its book value, called intrinsic value, which is Cenovus Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cenovus Energy's market value can be influenced by many factors that don't directly affect Cenovus Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cenovus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenovus Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenovus Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.