US · CNQ
Canadian Natural Resources Limited
- Sector
- Energy · Oil & Gas Exploration & Production
- Headquarters
- Calgary, AB T2P 4J8
- Website
- cnrl.com
Price · as of 2024-12-31
$46.96
Market cap 91.18B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $15.60 | -66.78% |
| Intrinsic Value(DCF) | $28.87 | -38.52% |
| Graham-Dodd Method(GD) | $1.20 | -97.44% |
| Graham Formula(GF) | — | — |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2010 | $13.35 | $17.50 | $0.36 | $8.00 | $19.80 |
| 2011 | $10.37 | $15.75 | $2.42 | $9.90 | $13.80 |
| 2012 | $9.16 | $13.02 | $0.00 | $8.80 | $7.60 |
| 2013 | $11.19 | $14.35 | $2.92 | $9.60 | $13.80 |
| 2014 | $8.73 | $14.24 | $1.62 | $11.20 | $33.50 |
| 2015 | $8.60 | $13.44 | $0.65 | $1.80 | $5.90 |
| 2016 | $10.53 | $11.24 | $0.52 | $4.60 | $0.50 |
| 2017 | $10.19 | $11.20 | $1.08 | $7.50 | $47.00 |
| 2018 | $9.20 | $12.12 | $39.86 | $6.30 | $25.30 |
| 2019 | $8.10 | $15.05 | $27.33 | $8.40 | $17.30 |
| 2020 | $12.58 | $13.37 | $0.00 | $0.00 | $1.90 |
| 2021 | $24.83 | $20.07 | $54.27 | $15.00 | $213.90 |
| 2022 | $25.01 | $26.69 | $452.59 | $6.00 | $195.60 |
| 2023 | $33.33 | $24.09 | $207.66 | $7.40 | $0.00 |
| 2024 | $27.63 | $21.74 | $41.02 | $1.20 | $0.00 |
AI valuation
Our deep-learning model estimates Canadian Natural Resources Limited's (CNQ) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $15.60
- Current price
- $46.96
- AI upside
- -66.78%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$28.87
-38.52% upside
Graham-Dodd
$1.20
-97.44% upside
Graham Formula
—
— upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| CNQ | Canadian Natural Resource… | $46.96 | 91.18B | -54% | -39% | -97% | — | 13.54 | 2.10 | 2.32 | 6.32 | — | 2.10 | 49.30% | 47.11% | 17.12% | 15.40% | 23.38% | 7.57% | 0.51 | 24.96 | 0.77 | 0.44 | 1.24 | -2380.00% | -1268.00% | 875.00% | 9.79% | 1.39 | 14.87% | 5.36% | 72.50% | 8.57% | 6.12 | 12.71 | 2.88 | 2.58 |
| EOG | EOG Resources, Inc. | $124.08 | 67.33B | +9% | -30% | -67% | -64% | 13.93 | 2.33 | 3.07 | 6.58 | — | 2.33 | 68.11% | 35.14% | 22.07% | 16.83% | 20.04% | 10.06% | 0.28 | 36.05 | 1.92 | 1.64 | 0.44 | -1902.00% | -347.00% | -3192.00% | 5.66% | 2.71 | 12.64% | 3.12% | 43.40% | 6.81% | 9.38 | 18.93 | 3.30 | 3.72 |
| EPD | Enterprise Products Partn… | $36.14 | 78.25B | +28% | -57% | -32% | -85% | 13.88 | 2.68 | 1.53 | 8.20 | — | 3.99 | 13.61% | 13.13% | 11.05% | 19.76% | 15.09% | 7.50% | 0.05 | 4.93 | 1.04 | 0.08 | 0.07 | -112.00% | -644.00% | -10000.00% | 0.00% | 0.67 | 0.00% | 0.00% | 0.00% | 38.44% | 11.78 | — | 1.55 | 59.25 |
| EQNR | Equinor ASA | $29.83 | 75.62B | +69% | +16% | — | -24% | 16.44 | 2.06 | 0.78 | 2.67 | — | 2.41 | 26.84% | 25.70% | 4.77% | 12.22% | 21.09% | 3.85% | 0.83 | 18.94 | 1.24 | 0.99 | 0.78 | -3730.00% | 356.00% | -2442.00% | 7.21% | 0.65 | 11.58% | 5.78% | 95.00% | 12.92% | 3.56 | 16.22 | 0.92 | 2.61 |
| ET | Energy Transfer LP | $18.84 | 64.82B | -27% | -6% | — | -42% | 12.21 | 2.03 | 0.84 | 9.38 | 223.33 | 3.25 | 21.79% | 11.42% | 5.93% | 16.43% | 9.11% | 4.27% | 2.08 | 2.84 | 1.22 | 0.85 | 4.71 | 547.00% | -5.00% | -4762.00% | 5.52% | 0.68 | 3.85% | 6.78% | 82.80% | 6.78% | 14.83 | 36.40 | 1.69 | 1.28 |
| FANG | Diamondback Energy, Inc. | $174.08 | 49.88B | +1% | -51% | -44% | +42% | 31.09 | 1.40 | 3.44 | 9.24 | — | 1.40 | 35.16% | 32.73% | 11.07% | 4.45% | 8.01% | 2.41% | 0.39 | 20.16 | 0.42 | 0.32 | 2.01 | -6310.00% | 3631.00% | -19741.00% | 10.12% | 1.90 | 10.33% | 2.23% | 69.50% | 6.12% | 13.44 | 12.63 | 4.40 | 1.59 |
| KMI | Kinder Morgan, Inc. | $33.27 | 74.02B | -10% | -57% | — | -17% | 24.80 | 2.42 | 4.45 | 14.40 | 145.11 | 8.07 | 43.66% | 28.39% | 18.03% | 9.86% | 6.04% | 4.17% | 1.04 | 2.67 | 0.64 | 0.42 | 4.32 | 1709.00% | 1245.00% | 715.00% | 4.27% | 1.45 | 5.10% | 3.45% | 85.70% | 3.45% | 22.38 | 33.43 | 6.35 | 1.30 |
| MPLX | MPLX Lp | $58.94 | 59.95B | +18% | -44% | -50% | +32% | 12.27 | 4.15 | 5.10 | 11.52 | 84.67 | 13.78 | 45.23% | 40.30% | 41.57% | 34.71% | 13.21% | 12.20% | 1.78 | 4.84 | 1.23 | 0.66 | 3.26 | 1449.00% | 837.00% | -10000.00% | 0.00% | 1.82 | 0.00% | 0.00% | 0.00% | 0.00% | 17.65 | — | 7.11 | 1.93 |
| PBR | Petróleo Brasileiro S.A. … | $16.63 | 107.17B | +90% | -53% | — | — | 5.12 | 0.66 | 0.43 | 3.34 | — | 0.68 | 50.29% | 28.10% | 8.23% | 11.05% | 14.77% | 3.81% | 1.02 | 8.08 | 0.69 | 0.42 | 2.08 | -7030.00% | -1338.00% | -2495.00% | 59.97% | 1.21 | 19.65% | 47.09% | 241.00% | 48.06% | 3.57 | 3.93 | 1.00 | 1.10 |
| WMB | The Williams Companies, I… | $74.72 | 91.27B | -40% | -58% | — | -39% | 35.57 | 7.27 | 7.79 | 16.51 | 202.29 | 15.41 | 42.86% | 36.83% | 21.91% | 20.74% | 8.24% | 4.63% | 2.29 | 3.05 | 0.53 | 0.35 | 3.95 | 1758.00% | 1378.00% | -5814.00% | 1.08% | 0.97 | 2.46% | 2.62% | 93.30% | 2.62% | 27.81 | 121.80 | 10.24 | 1.38 |
About Canadian Natural Resources Limited
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
- CEO
- Norman Murray Edwards
- Employees
- 10.64K
- Beta
- 1.00
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($28.87 ÷ $46.96) − 1 = -38.52% (DCF, example).