$Canadian Natural Resources (CNQ.US)$Canadian Natural Resour...
$Canadian Natural Resources(CNQ.US$Canadian Natural Resources (CNQ) Over the past five years, in addition to falling 28.3% in 2020, revenue has increased for 4 years, with an average growth rate of 24%; in addition to losses of 450 million dollars in 2020, operating profit has continued to grow for 4 years, with an average growth rate of 25% in the past 3 years and an average operating profit of 4.9 billion in the past 3 years; net profit has continued to grow for 4 years, with an average growth rate of 44% in the past 3 years and an average net profit of 4.2 billion dollars in the past 3 years.
In the first three quarters of 2022, revenue increased 70%, operating profit increased 1.25 times to 13.6 billion, and net profit increased 84% to 9.4 billion.
Interest expenses in 2021 accounted for 7.5% of operating profit, so the burden is not too heavy.
The balance ratio fell from 57% to 52% over the past 5 years, and fell to 51% in Q3 2022.
The balance sheet shows that the company has long-term loans of $11.58 billion, accounting for 30% of net assets of $38.139 billion. The leverage ratio is not very high
The cash flow statement shows that in the past five years, net operating volume was only lower than net investment in 2017. Since then, net operating volume fluctuations have increased, net investment fluctuations have declined, and shareholder surpluses have gradually increased.
Currently, the price-earnings ratio is 11.6, and the price-earnings ratio is TTM7.5. If the net profit for the year reaches 12 billion Canadian dollars, or 9 billion US dollars, the corresponding price-earnings ratio is 7.3, which is relatively valuable in terms of growth rate and valuation (⭐️⭐️).
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