$Canadian Natural Resources (CNQ.US)$Canadian Natural Resour...

逍遥投资派 commented on a stock · Jan 25, 2023 23:33

$Canadian Natural Resources (CNQ.US)$Canadian Natural Resources (CNQ) Over the past 5 years, revenue has grown for 4 years, except for a 28.3% decline in 2020. The average growth rate is 24%. Operating profit has been increasing for 4 years, except for a 0.45 billion loss in 2020, with an average growth rate of 25% in the past 3 years. The average operating profit in the past 3 years is 4.9 billion. Net income has been increasing for 4 years, except for a 0.44 billion loss in 2020, with an average growth rate of 44% in the past 3 years. The average net income in the past 3 years is 4.2 billion.

Revenue growth in the first three quarters of 2022 was 70%, operating profit increased by 1.25 times to 13.6 billion, and net income increased by 84% to reach 9.4 billion.

In 2021, interest expenses accounted for 7.5% of operating profit, which is not a heavy burden.

The leverage ratio has decreased from 57% to 52% in the past 5 years, and further decreased to 51% in Q3 of 2022.

The balance sheet shows that the company's long-term loans amount to 11.58 billion, accounting for 30% of net assets of 38.139 billion. The leverage ratio is not high.

The cash flow statement shows that in the past 5 years, operating net cash flow was only lower than investment net cash flow in 2017. Afterward, operating net cash flow fluctuated and increased, while investment net cash flow fluctuated and decreased, resulting in gradually increasing shareholder surplus.

Currently, the PE ratio is 11.6, the TTM PE ratio is 7.5. If the net income reaches 12 billion Canadian dollars for the whole year, which is equivalent to 9 billion US dollars, the corresponding PE ratio is 7.3. From the perspective of growth and valuation, it has relatively high investment value (⭐️⭐️).

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