Canadian Natural Resources Ltd. (CNQ)
Corporate profile
Basic information about Canadian Natural Resources Ltd.
Financial Statements
Income Statement
The income statement (statement of earnings) reports on the performance of Canadian Natural Resources Ltd., the result of its operating activities.
Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of Canadian Natural Resources Ltd. during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Statement of Financial Position, Assets
The assets reports major classes and amounts of resources owned or controlled by Canadian Natural Resources Ltd..
Statement of Financial Position, Liabilities and Stockholders' Equity
The liabilities and stockholders' equity reports major classes and amounts of external claims on assets and owners' capital contributions, and other internally generated sources of capital.
Statement of Cash Flows
The cash flow statement provides information about Canadian Natural Resources Ltd.'s cash receipts and cash payments during an accounting period, showing how these cash flaws link the ending cash balance to the beginning balance shown on Canadian Natural Resources Ltd.'s statement of financial position.
Common-Size Financial Statements
Common-Size Income Statement
Income statement components (revenuess and expenses) shown as percentage of total sales.
Common-Size Statement of Financial Position, Assets
Assets components shown as percentage of total assets.
Common-Size Statement of Financial Position, Liabilities and Stockholders' Equity
Liabilities and stockholders' equity components shown as percentage of total liabilities and stockholders' equity.
Ratios
Short-term (Operating) Activity Analysis
Evaluates revenues and output generated by the Canadian Natural Resources Ltd.'s assets. Operating performance ratios describe the relationship between the Canadian Natural Resources Ltd.'s level of operations and the assets needed to sustain operating activities.
Long-term (Investment) Activity Analysis
Measures how efficiently Canadian Natural Resources Ltd. generates revenues from its investments in fixed or total assets.
Liquidity Analysis
Measures the adequacy of a Canadian Natural Resources Ltd.'s cash resources to meet its near-term cash obligations.
Long-term Debt and Solvency Analysis
Examines Canadian Natural Resources Ltd.'s capital structure in terms of the mix of its financing sources and the ability of the firm to satisfy its longer-term debt and investment obligations.
Profitability Analysis
Measures the income of Canadian Natural Resources Ltd. relative to its revenuess and invested capital.
DuPont Analysis: Decomposition of ROE
An approach to decomposing Canadian Natural Resources Ltd.'s return on equity as the product of other financial ratios.
Relative Valuation
Common Stock Valuation Ratios
Relative valuation technique determine the value of Canadian Natural Resources Ltd. by comparing it to similar entities (like industry or sector) on the basis of several relative ratios that compare its stock price to relevant variables that affect the stock's value, such as earnings, book value, and sales.
Enterprise Value (EV)
Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.
Enterprise Value to EBITDA (EV/EBITDA)
To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital.
Enterprise Value to FCFF (EV/FCFF)
Free cash flow to the firm is the cash flow available to the Canadian Natural Resources Ltd.'s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made.
Price to FCFE (P/FCFE)
Free cash flow to equity is the cash flow available to Canadian Natural Resources Ltd.'s equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made.
Discounted Cash Flow (DCF) Valuation
Capital Asset Pricing Model (CAPM)
CAPM is a theory concentrated with deriving the expected rates of return on risky assets based on the assets' systematic risk levels. Systematic risk is the variability of returns that is due to macroeconomic factors that affect all risky assets. It cannot be eliminated by diversification.
Dividend Discount Model (DDM)
The Dividend Discount Model (DDM) is a technique for estimating the value of a share of Canadian Natural Resources Ltd.'s common stock issue as the present value of all future dividends.
Present Value of Free Cash Flow to the Firm (FCFF)
The FCFF valuation approach estimates the value of the firm as the present value of future FCFF discounted at the weighted average cost of capital (WACC).
Present Value of Free Cash Flow to Equity (FCFE)
The FCFE valuation approach estimates the value of equity as the present value of future FCFE discounted at the required rate of return on equity.
Analysis
Financial Reporting Quality
Aggregate Accruals
Financial reporting quality relates to the accuracy with which Canadian Natural Resources Ltd.'s reported financial statements reflect its operating performance and to their usefulness for forecasting future cash flows.
Aggregate accruals deriving measures of the accrual component of Canadian Natural Resources Ltd.'s earnings.