CVE vs. TS: Cenovus Energy vs. Tenaris Stock Comparison
How do Cenovus Energy (CVE) and Tenaris (TS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Cenovus Energy (CVE) and Tenaris (TS) both fall under the Energy industry group, but CVE is classified in Oil, Gas & Consumable Fuels while TS is classified in Energy Equipment & Services.
Cenovus Energy (CVE) trades as ordinary local shares, while Tenaris (TS) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | CVE | TS |
|---|---|---|
| Name | Cenovus Energy Inc. | Tenaris S.A. American Depositary Shares |
| Country/Region | Canada | Luxembourg |
| GICS Sector | Energy | Energy |
| GICS Industry Group | Energy | Energy |
| GICS Industry | Oil, Gas & Consumable Fuels | Energy Equipment & Services |
| GICS Sub-Industry | Integrated Oil & Gas | Oil & Gas Equipment & Services |
| Market Capitalization | 49.61 billion USD | 29.71 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | November 17, 2009 | December 16, 2002 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CVE | TS |
|---|---|---|
| Total Return (1Y) | 60.99% | 49.29% |
| Total Return (3Y, Annualized) | 19.41% | 24.84% |
| Total Return (5Y, Annualized) | 18.63% | 22.48% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CVE | TS |
|---|---|---|
| Volatility (1Y, Annualized) | 37.47% | 29.07% |
| Beta (5Y) | 0.43 | 0.88 |
| Max Drawdown (5Y) | -53.51% | -33.71% |
| Avg. Volume (3M) | 6.90M | 1.24M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CVE | TS |
|---|---|---|
| Sharpe Ratio (1Y) | 1.51 | 1.55 |
| Sortino Ratio (1Y) | 2.20 | 2.30 |
Profitability
ROE (TTM)
Cenovus Energy (CVE) at 27.44% sits in the top ROE quartile, while Tenaris (TS) at 11.86% is closer to the peer norm — stronger capital efficiency for CVE.
CVE
Energy industry group
27.44%
- Max
- 53.85%
- CVE
- 27.44%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
TS
Energy industry group
11.86%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- TS
- 11.86%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
Both Cenovus Energy (CVE) at 15.42% and Tenaris (TS) at 16.24% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
CVE
Energy industry group
15.42%
- Max
- 56.92%
- Q3
- 22.92%
- CVE
- 15.42%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
TS
Energy industry group
16.24%
- Max
- 56.92%
- Q3
- 22.92%
- TS
- 16.24%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
Both Cenovus Energy (CVE) at 26.58% and Tenaris (TS) at 19.26% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
CVE
Energy industry group
26.58%
- Max
- 71.31%
- Q3
- 33.75%
- CVE
- 26.58%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
TS
Energy industry group
19.26%
- Max
- 71.31%
- Q3
- 33.75%
- TS
- 19.26%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | CVE | TS |
|---|---|---|
| ROE (TTM) | 27.44% | 11.86% |
| ROA (TTM) | 12.05% | 6.69% |
| Net Margin (TTM) | 15.42% | 16.24% |
| Operating Margin (TTM) | 26.58% | 19.26% |
| Gross Margin (TTM) | 33.92% | 38.54% |
Growth
Revenue Growth
Tenaris (TS) at -4.33% is around its peer norm for revenue growth, while Cenovus Energy (CVE) at -8.62% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Cenovus Energy (CVE) at 28.74% sits in the top EPS growth quartile, while Tenaris (TS) at 1.11% is closer to the peer norm — faster per-share earnings growth for CVE.
Growth Metrics
| Metric | CVE | TS |
|---|---|---|
| Revenue Growth (YoY) | -8.62% | -4.33% |
| Revenue Growth (3Y CAGR) | -9.75% | 0.62% |
| EPS Growth (YoY) | 28.74% | 1.11% |
| EPS Growth (3Y CAGR) | -12.42% | -5.38% |
Financial Strength
Current Ratio (MRQ)
Cenovus Energy (CVE) at 1.64 keeps current ratio within its industry’s typical mid-range, while Tenaris (TS) at 3.25 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
CVE
Energy industry group
1.64
- Max
- 3.64
- Q3
- 2.21
- CVE
- 1.64
- Median
- 1.41
- Q1
- 0.88
- Min
- 0.24
TS
Energy industry group
3.25
- Max
- 3.64
- TS
- 3.25
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- Min
- 0.24
Debt / Equity (MRQ)
Tenaris (TS) at 0.03 keeps leverage in the lower industry quartile, while Cenovus Energy (CVE) at 0.33 runs a more typical debt-to-equity mix.
CVE
Energy industry group
0.33
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- CVE
- 0.33
- Q1
- 0.30
- Min
- 0.00
TS
Energy industry group
0.03
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- TS
- 0.03
- Min
- 0.00
Financial Strength Metrics
| Metric | CVE | TS |
|---|---|---|
| Current Ratio (MRQ) | 1.64 | 3.25 |
| Debt / Equity (MRQ) | 0.33 | 0.03 |
| Net Debt / EBITDA | 0.35 | -0.90 |
Dividends
Dividend Yield (TTM)
Both Cenovus Energy (CVE) at 3.04% and Tenaris (TS) at 2.11% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
CVE
Energy industry group
3.04%
- Max
- 8.57%
- Q3
- 3.58%
- CVE
- 3.04%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
TS
Energy industry group
2.11%
- Max
- 8.57%
- Q3
- 3.58%
- TS
- 2.11%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Cenovus Energy (CVE) at 22.84% and Tenaris (TS) at 45.64% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
CVE
Energy industry group
22.84%
- Max
- 133.24%
- Q3
- 53.31%
- Median
- 25.24%
- CVE
- 22.84%
- Q1
- 0.00%
- Min
- 0.00%
TS
Energy industry group
45.64%
- Max
- 133.24%
- Q3
- 53.31%
- TS
- 45.64%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CVE | TS |
|---|---|---|
| Dividend Yield (TTM) | 3.04% | 2.11% |
| Dividend Payout Ratio (TTM) | 22.84% | 45.64% |
Valuation
P/E Ratio (TTM)
Both Cenovus Energy (CVE) at 10.56 and Tenaris (TS) at 15.09 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
CVE
Energy industry group
10.56
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- CVE
- 10.56
- Q1
- 7.71
- Min
- 2.99
TS
Energy industry group
15.09
- Max
- 39.54
- Q3
- 21.72
- TS
- 15.09
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
Cenovus Energy (CVE) at 0.88 sits in the cheaper P/S ratio quartile while Tenaris (TS) at 2.44 prices around its industry’s middle — CVE costs less per dollar of sales, though read it alongside growth and margins.
CVE
Energy industry group
0.88
- Max
- 5.40
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- CVE
- 0.88
- Min
- 0.00
TS
Energy industry group
2.44
- Max
- 5.40
- Q3
- 2.85
- TS
- 2.44
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
Cenovus Energy (CVE) at 1.98 is valued about in line with its industry on P/B ratio, while Tenaris (TS) at 3.53 carries an above-peer premium to book — TS is pricier on assets.
CVE
Energy industry group
1.98
- Max
- 4.21
- Q3
- 2.38
- CVE
- 1.98
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
TS
Energy industry group
3.53
- Max
- 4.21
- TS
- 3.53
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | CVE | TS |
|---|---|---|
| P/E Ratio (TTM) | 10.56 | 15.09 |
| P/S Ratio (TTM) | 0.88 | 2.44 |
| P/B Ratio (MRQ) | 1.98 | 3.53 |
| Free Cash Flow Yield (TTM) | 20.71% | 6.50% |