Canadian Natural Resources Limited (CNQ) Company Bio
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids. The company was founded in 1973 and is based in Calgary, Canada.
CNQ Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Canadian Natural Resources Ltd with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Canadian Natural Resources Ltd ranked in the 88th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 1649.67%. In terms of the factors that were most noteworthy in this DCF analysis for CNQ, they are:
Canadian Natural Resources Ltd's weighted average cost of capital (WACC) is 7%; for context, that number is higher than only 2.88% of tickers in our DCF set.
Canadian Natural Resources Ltd's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than just 7.48% of stocks in its sector (Energy).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CNQ, try NCSM, PAGP, GLOP, BASX, and VET.
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While Canadian Natural Resources (TSX:CNQ) has lost significant momentum, its dividend yield of 7.9% makes the stock an attractive bet for income investors. The post Is Canadian Natural Resources (TSX:CNQ) Stock a Buy Right Now? appeared first on The Motley Fool Canada .
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