This report is for educational purposes only, and not to provide investment advice.  Before making any investment decision, you should always do your own research or consult a investment professional. Estimates Estimates Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Q2 2024
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Cenovus Energy Inc TSX: CVE NYSE: CVE https://www.cenovus.com/ Fiscal Yr: Dec 31
Year 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 Value Description #Y Item Total G Curr
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Currency Exchange Rate 1.0213 0.9968 1.0636 1.1601 1.3847 1.3427 1.2545 1.3642 1.2988 1.2732 1.2678 1.3544 1.3226 1.3872 1.3872 1.3872
Reporting Currency
split
AEC to ECA
$40,364 <-12 mths 2.26%
Revenue before Royalties US$ $15,847 $17,284 $17,857 $17,332 $9,538 $9,147 $13,802 $15,679 $16,441 $10,675 $38,501 $52,987 $41,943 134.88% <-Total Growth 10 Revenue before Royalties US$
Rev US$ pre 09
Revenue  US$ $15,368.2 $16,896 $17,541 $16,931 $9,434 $9,037 $13,585 $15,279 $15,538 $10,389 $36,565 $49,392 $39,471 $41,847 $40,245 $39,464 125.02% <-Total Growth 10 Revenue US$
Increase 21.21% 9.94% 3.82% -3.48% -44.28% -4.21% 50.33% 12.47% 1.69% -33.14% 251.97% 35.08% -20.09% 6.02% -3.83% -1.94% 8.45% <-IRR #YR-> 10 Revenue 125.02% US$
5 year Running Average $12,806 $14,101 $14,690 $15,883 $15,234 $13,968 $13,306 $12,853 $12,575 $12,766 $18,271 $25,433 $30,271 $35,533 $41,504 $42,084 20.90% <-IRR #YR-> 5 Revenue 158.33% US$
Revenue per Share $20.42 $22.35 $23.20 $22.36 $11.32 $10.84 $11.06 $12.43 $12.64 $8.45 $18.27 $25.87 $21.09 $22.36 $21.50 $21.08 7.50% <-IRR #YR-> 10 5 yr Running Average 106.06% US$
Increase 21.21% 9.48% 3.79% -3.61% -49.37% -4.21% 1.95% 12.47% 1.69% -33.14% 116.13% 41.59% -18.49% 6.0% -3.8% -1.9% 18.69% <-IRR #YR-> 5 5 yr Running Average 135.51% US$
5 year Running Average $17.04 $18.73 $19.48 $21.04 $19.93 $18.02 $15.76 $13.60 $11.66 $11.09 $12.57 $15.54 $17.27 $19.21 $21.82 $22.38 -0.95% <-IRR #YR-> 10 Revenue per Share -9.12% US$
P/S (Price/Sales) Med 1.69 1.54 1.34 1.10 1.44 1.20 1.00 0.73 0.71 0.72 0.53 0.72 0.86 0.82 0.00 0.00 11.14% <-IRR #YR-> 5 Revenue per Share 69.58% US$
P/S (Price/Sales) Close 1.63 1.50 1.23 0.92 1.09 1.40 0.83 0.57 0.80 0.71 0.67 0.75 0.79 0.74 0.77 0.78 -1.20% <-IRR #YR-> 10 5 yr Running Average -11.38% US$
Revenue Net of Royalities in $M US$ P/S Med 20 yr  1.05 15 yr  1.05 10 yr  0.80 5 yr  0.72 -7.32% Diff M/C 4.88% <-IRR #YR-> 5 5 yr Running Average 26.91% US$
-$17,541 $0 $0 $0 $0 $0 $0 $0 $0 $0 $39,471
-$15,279 $0 $0 $0 $0 $39,471
-$14,690 $0 $0 $0 $0 $0 $0 $0 $0 $0 $30,271
-$12,853 $0 $0 $0 $0 $30,271
-$23.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $21.09
-$12.43 $0.00 $0.00 $0.00 $0.00 $21.09
-$19.48 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $17.27
-$13.60 $0.00 $0.00 $0.00 $0.00 $17.27
$55,993 <-12 mths 7.26%
Revenue before Royalties CDN$ $16,185 $17,229 $18,993 $20,107 $13,207 $12,282 $17,314 $21,389 $21,353 $13,591 $48,811 $71,765 $55,474 192.08% <-Total Growth 10 Revenue before Royalties CDN$
Change 23.64% 6.45% 10.24% 5.87% -34.32% -7.00% 40.97% 23.54% -0.17% -36.35% 259.14% 47.03% -22.70% 2.8% <-Median-> 10
Rev* CDN Pre 09 CDN$
Revenue less Royalities* CDN $15,696 $16,842 $18,657 $19,642 $13,064 $12,134 $17,043 $20,844 $20,181 $13,227 $46,357 $66,897 $52,204 $58,050 $55,828 $54,744 179.81% <-Total Growth 10 Revenue CDN$
Change 24.17% 7.30% 10.78% 5.28% -33.49% -7.12% 40.46% 22.30% -3.18% -34.46% 250.47% 44.31% -21.96% 11.2% -3.8% -1.9% 10.84% <-IRR #YR-> 10 Revenue 179.81% CDN$
5 year Running Average $13,603 $14,912 $15,071 $16,696 $16,780 $16,068 $16,108 $16,545 $16,653 $16,686 $23,530 $33,501 $39,773 $47,347 $55,867 $57,545 20.16% <-IRR #YR-> 5 Revenue 150.45% CDN$
Revenue per Share $20.85 $22.28 $24.68 $25.94 $15.68 $14.56 $13.87 $16.96 $16.42 $10.76 $23.16 $35.04 $27.89 $31.01 $29.82 $29.25 10.19% <-IRR #YR-> 10 5 yr Running Average 163.91% CDN$
Increase 24.17% 6.85% 10.75% 5.13% -39.57% -7.12% -4.75% 22.30% -3.18% -34.46% 115.21% 51.26% -20.41% 11.20% -3.83% -1.94% 19.17% <-IRR #YR-> 5 5 yr Running Average 140.39% CDN$
5 year Running Average $18.10 $19.81 $19.99 $22.11 $21.89 $20.63 $18.95 $17.40 $15.50 $14.52 $16.24 $20.47 $22.66 $25.57 $29.39 $30.60 1.23% <-IRR #YR-> 10 Revenue per Share 13.01% CDN$
P/S (Price/Sales) Med 1.65 1.57 1.27 1.04 1.32 1.28 1.06 0.69 0.73 0.74 0.51 0.67 0.89 0.80 0.00 0.00 10.45% <-IRR #YR-> 5 Revenue per Share 64.41% CDN$
P/S (Price/Sales) Close 1.59 1.49 1.23 0.92 1.12 1.39 0.83 0.57 0.80 0.72 0.67 0.75 0.96 0.74 0.77 0.78 1.26% <-IRR #YR-> 10 5 yr Running Average 13.35% CDN$
*Revenue Net of Royalities CDN $M (ACE to end 2001) P/S Med 20 yr  1.30 15 yr  1.06 10 yr  0.81 5 yr  0.73 -9.10% Diff M/C 5.42% <-IRR #YR-> 5 5 yr Running Average 30.18% CDN$
-$18,657 $0 $0 $0 $0 $0 $0 $0 $0 $0 $52,204
-$20,844 $0 $0 $0 $0 $52,204
-$15,071 $0 $0 $0 $0 $0 $0 $0 $0 $0 $39,773
-$16,545 $0 $0 $0 $0 $39,773
-$24.68 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $27.89
-$16.96 $0.00 $0.00 $0.00 $0.00 $27.89
-$19.99 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $22.66
-$17.40 $0.00 $0.00 $0.00 $0.00 $22.66
$10,112 <-12 mths 14.87%
$5.33 <-12 mths 16.63%
AFFO Amount* CDN$ $3,276 $3,643 $4,484 $3,479 $1,691 $1,423 $2,914 $1,674 $3,702 $147 $7,248 $10,978 $8,803 -100.00% <-Total Growth 10 AFFO Amount* CDN$
AFFO per Share Basic* $4.34 $4.82 $5.93 $4.60 $2.07 $1.71 $2.64 $1.36 $3.01 $0.12 $0.59 $5.63 $4.64 AFFO per Share Basic*
AFFO per Share Diluted* $4.32 $4.80 $4.76 $4.59 $2.07 $1.71 $2.64 $1.36 $3.01 $0.12 $3.54 $5.47 $4.57 $4.91 $5.57 -3.99% <-Total Growth 10 AFFO per Share Diluted* -0.40% CDN$
Increase 35.00% 11.11% -0.83% -3.57% -54.90% -17.39% 54.39% -48.48% 121.32% -96.01% 2850.00% 54.52% -16.45% 7.44% 13.44% 10 0 10 Years of Data, AFFP, P or N 100.00% CDN$
5 year Running Average $4.33 $4.11 $3.59 $3.15 $2.47 $2.16 $1.77 $2.13 $2.70 $3.34 $3.72 $4.81 -0.41% <-IRR #YR-> 10 AFFO -100.00% CDN$
FFO Yield 13.01% 14.42% 15.66% 19.15% 11.83% 8.42% 23.00% 14.17% 22.80% 1.55% 22.82% 20.82% 17.05% 21.41% 24.29% 27.43% <-IRR #YR-> 5 AFFO -100.00% CDN$
Payout Ratio 20.37% 18.33% 20.34% 23.20% 41.18% 11.70% 7.58% 14.71% 7.06% 52.08% 2.47% 6.40% 11.49% 13.85% 12.93% -47.95% <-IRR #YR-> 9 5 yr Running Average 8.91% CDN$
5 year Running Average 16.44% 18.62% 16.78% 16.54% 15.90% 17.26% 9.43% -41.43% <-IRR #YR-> 5 5 yr Running Average 20.37% CDN$
P/AFFO Med 7.98 7.27 6.56 5.88 10.03 10.87 5.58 8.60 4.00 66.04 3.37 4.32 5.43 5.08 0.00 5.73 <-Median-> 10 P/AFFO Med CDN$
P/AFFO High 9.31 8.19 7.10 7.56 12.36 12.43 7.75 10.76 4.65 113.17 4.67 5.66 6.35 6.07 0.00 7.65 <-Median-> 10 P/AFFO High CDN$
P/AFFO Low 6.66 6.36 6.03 4.20 7.69 9.31 3.41 6.43 3.34 18.92 2.07 2.98 4.52 4.10 0.00 4.36 <-Median-> 10 P/AFFO Low CDN$
P/AFFO Close 7.69 6.94 6.39 5.22 8.45 11.87 4.35 7.06 4.39 64.58 4.38 4.80 5.86 4.67 4.12 5.54 <-Median-> 10 P/AFFO Close CDN$
Trailing P/AFFO Close 5.04 3.81 9.81 6.71 3.64 9.71 2.57 129.25 7.42 4.90 5.02 4.67 5.87 <-Median-> 10 Trailing P/AFFO Close CDN$
Median Values DPR 10 Yrs 11.59% 5 Yrs   7.06% P/CF 5 Yrs   in order 4.32 5.66 3.34 4.80 8.17% Diff M/C DPR 75% to 95% best CDN$
* Adjusted Funds Flow
-$4.76 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.57
-$1.36 $0.00 $0.00 $0.00 $0.00 $4.57
-$4.33 $0.00 $0.00 $0.00 $0.00 -$2.16 $0.00 $0.00 $0.00 $0.17
-$2.47 $0.00 $0.00 $0.00 $0.00 $0.17
$5,726 <-12 mths 27.10%
$3.56 <-12 mths 52.30%
FFO Amount* CDN$ $3,276 $3,643 $4,484 $3,479 $1,691 $1,423 $2,914 $1,674 $2,494 -$724 $4,685 $7,270 $4,505 0.47% <-Total Growth 10 FFO Amount* CDN$
FFO per Share* $4.32 $4.80 $4.76 $4.59 $2.07 $1.64 $2.64 $1.36 $2.03 -$0.59 $2.32 $3.62 $2.34 $2.35 $3.14 -50.85% <-Total Growth 10 FFO per Share* -5.08% CDN$
Increase 35.00% 11.11% -0.83% -3.57% -54.90% -20.65% 60.91% -48.47% 48.96% -129.04% 494.42% 55.96% -35.44% 0.44% 33.62% 9 1 10 Years of Data, AFFP, P or N 90.00% CDN$
5 year Running Average $4.33 $4.11 $3.57 $3.14 $2.46 $1.95 $1.42 $1.55 $1.75 $1.95 $2.01 $2.76 -6.86% <-IRR #YR-> 10 FFO 0.47% CDN$
FFO Yield 13.01% 14.42% 15.66% 19.15% 11.83% 8.09% 23.02% 14.19% 15.37% -7.60% 14.98% 13.80% 8.73% 10.25% 13.69% 11.43% <-IRR #YR-> 5 FFO 169.12% CDN$
Payout Ratio 20.37% 18.33% 20.34% 23.20% 41.18% 12.18% 7.57% 14.69% 10.48% -10.61% 3.77% 9.66% 22.44% 28.94% 22.93% -55.64% <-IRR #YR-> 9 5 yr Running Average -44.24% CDN$
5 year Running Average 9.07% 12.74% 16.81% 21.45% 24.68% 23.04% 20.89% 19.76% 17.22% 6.86% 5.18% 5.60% 7.15% 10.84% 17.55% -48.72% <-IRR #YR-> 5 5 yr Running Average -38.46% CDN$
Price/FFO Median 7.98 7.27 6.56 5.88 10.03 11.32 5.57 8.58 5.93 -13.45 5.13 6.52 10.61 10.62 0.00 6.22 <-Median-> 10 Price/FFO Median CDN$
Price/FFO High 9.31 8.19 7.10 7.56 12.36 12.94 7.74 10.75 6.91 -23.05 7.11 8.54 12.41 12.69 0.00 8.14 <-Median-> 10 Price/FFO High CDN$
Price/FFO Low 6.66 6.36 6.03 4.20 7.69 9.69 3.41 6.42 4.95 -3.85 3.15 4.49 8.82 8.56 0.00 4.72 <-Median-> 10 Price/FFO Low CDN$
Price/FFO Close 7.69 6.94 6.39 5.22 8.45 12.36 4.34 7.05 6.51 -13.15 6.67 7.25 11.45 9.76 7.30 6.86 <-Median-> 10 Price/FFO Close CDN$
Trailing P/FFO Close 10.38 7.71 6.33 5.04 3.81 9.81 6.99 3.63 9.69 3.82 -26.33 11.31 7.40 9.80 9.76 6.01 <-Median-> 10 Trailing P/FFO Close CDN$
Median Values DPR 10 Yrs 11.33% 5 Yrs   9.66% P/CF 5 Yrs   in order 5.93 7.11 4.49 6.67 64.61% Diff M/C DPR 75% to 95% best CDN$
* Free Funds Flow
-$4.76 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.34
-$1.36 $0.00 $0.00 $0.00 $0.00 $2.34
-$4.33 -$4.11 -$3.57 -$3.14 -$2.46 $0.00 $0.00 $0.00 $0.00 $0.09
-$2.46 $0.00 $0.00 $0.00 $0.00 $0.09
$1.81 <-12 mths 662.67%
pre split 2005
EPS* US$ pre 09
EPS Basic US$ $1.92 $1.32 $0.83 $0.84 $0.54 -$0.48 $2.43 -$1.59 $1.37 -$1.52 $0.21 $2.43 $1.63 96.47% <-Total Growth 10 EPS Basic US$
pre split 2005
EPS* US$ pre 09
EPS Diluted* US$ $1.91 $1.31 $0.82 $0.84 $0.54 -$0.48 $2.43 -$1.59 $1.37 -$1.52 $0.21 $2.36 $1.60 $1.60 $1.69 $2.05 95.96% <-Total Growth 10 EPS Diluted US$
Increase 44.21% -31.17% -37.76% 3.27% -35.88% -189.38% 602.22% -165.43% 186.16% -211.18% 113.98% 1009.40% -32.16% 0.02% 5.49% 21.40% 7 3 10 Years of Data, EPS P or N US$
Earnings Yield 5.8% 3.9% 2.9% 4.1% 4.4% -3.2% 26.6% -22.6% 13.5% -25.2% 1.7% 12.2% 9.6% 9.7% 10.3% 12.5% 6.96% <-IRR #YR-> 10 Earnings per Share 95.96% US$
5 year Running Average $2.13 $1.89 $1.28 $1.24 $1.09 $0.61 $0.83 $0.35 $0.45 $0.04 $0.18 $0.17 $0.81 $0.85 $1.49 $1.86 #NUM! <-IRR #YR-> 5 Earnings per Share 200.77% US$
10 year Running Average $1.87 $1.88 $1.91 $1.88 $1.74 $1.37 $1.36 $0.81 $0.85 $0.56 $0.39 $0.50 $0.58 $0.65 $0.77 $1.02 -4.54% <-IRR #YR-> 10 5 yr Running Average -69.83% US$
*Fully diluted EPS E/P 10 Yrs 4.24% 5Yrs 9.63% 18.22% <-IRR #YR-> 5 5 yr Running Average -29.19% US$
-$0.82 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.60
$1.59 $0.00 $0.00 $0.00 $0.00 $1.60
-$1.28 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.81
-$0.35 $0.00 $0.00 $0.00 $0.00 $0.81
$2.51 <-12 mths 18.40%
pre split 2005
EPS* CDN$ pre 09
EPS Basic CND$ $1.96 $1.32 $0.88 $0.98 $0.75 -$0.65 $3.05 -$2.17 $1.78 -$1.94 $0.27 $3.29 $2.15 144.32% <-Total Growth 10 EPS Basic CDN$
pre stock exch 02
pre split 2005
EPS* CDN$ pre 09
EPS Diluted* CDN$ $1.95 $1.31 $0.87 $0.98 $0.75 -$0.65 $3.05 -$2.17 $1.78 -$1.94 $0.27 $3.20 $2.12 $2.22 $2.35 $2.85 143.68% <-Total Growth 10 EPS Diluted CDN$
Increase 47.73% -32.82% -33.59% 12.64% -23.47% -186.67% 569.23% -171.15% 182.03% -208.99% 113.92% 1085.19% -33.75% 4.91% 5.49% 21.40% 7 3 10 Years of Data, EPS P or N CDN$
Earnings Yield 5.9% 3.9% 2.9% 4.1% 4.3% -3.2% 26.6% -22.6% 13.5% -25.0% 1.7% 12.2% 7.9% 9.7% 10.2% 12.4% 9.32% <-IRR #YR-> 10 Earnings per Share 143.68% CDN$
5 year Running Average $2.31 $2.07 $1.31 $1.29 $1.17 $0.65 $1.00 $0.39 $0.55 $0.01 $0.20 $0.23 $1.09 $1.17 $2.03 $2.55 24.38% <-IRR #YR-> 5 Earnings per Share 197.70% CDN$
10 year Running Average $2.15 $2.09 $2.12 $2.07 $1.93 $1.48 $1.54 $0.85 $0.92 $0.59 $0.43 $0.61 $0.74 $0.86 $1.02 $1.37 -1.84% <-IRR #YR-> 10 5 yr Running Average -16.97% CDN$
*Fully diluted EPS E/P 10 Yrs 4.19% 5Yrs 7.91% 22.61% <-IRR #YR-> 5 5 yr Running Average 177.04% CDN$
-$0.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.12
$2.17 $0.00 $0.00 $0.00 $0.00 $2.12
-$1.31 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.09
-$0.39 $0.00 $0.00 $0.00 $0.00 $1.09
Dividend US$ $0.55 $0.55 $0.60 Estimates Dividend US$
Increase 38.40% -0.52% 9.34% Estimates Increase
Payout Ratio EPS 34.27% 32.31% 29.10% Estimates Payout Ratio EPS
Actual Special Dividend US$ $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.09 $0.00
Actual US$ $0.80 $0.87 $0.94 $0.95 $0.71 $0.15 $0.15 $0.15 $0.16 $0.06 $0.31 $0.26 $0.39 157.42% <-Total Growth 10 Actual From CVE  Site
Special Dividends US$ $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.08 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
pre split 2005
Div US$ pre 09 US$
Dividend US$ $0.86 $0.88 $0.91 $0.92 $0.62 $0.15 $0.16 $0.15 $0.16 $0.05 $0.07 $0.26 $0.40 $0.49 $0.52 $0.52 -56.39% <-Total Growth 10 Dividends US$
Increase 7.38% 2.46% 3.09% 0.85% -32.93% -75.80% 7.03% -8.04% 11.60% -70.00% 40.60% 274.42% 53.61% 23.49% 5.88% 0.00% 21 8 31 Years of data Count P, N US$
Average Increases 5 Year Running 42.16% 22.65% 3.27% 3.82% -3.83% -20.47% -19.55% -21.78% -19.63% -27.04% -3.76% 49.72% 62.05% 64.42% 79.60% 71.48% -11.69% <-Median-> 10 Average Incr 5 Year Running US$
Dividends 5 Yr Running $0.72 $0.82 $0.84 $0.87 $0.84 $0.70 $0.55 $0.40 $0.25 $0.13 $0.12 $0.15 $0.20 $0.27 $0.36 $0.45 -75.79% <-Total Growth 10 Dividends 5 Yr Running US$
Yield H/L Price 2.50% 2.56% 2.94% 3.74% 3.77% 1.14% 1.44% 1.62% 1.83% 0.81% 0.71% 1.38% 2.18% 2.67% 1.53% <-Median-> 10 Yield H/L Price US$
Yield on High  Price 2.14% 2.23% 2.66% 2.82% 2.98% 0.91% 1.04% 1.31% 1.57% 0.47% 0.51% 1.05% 1.87% 2.25% 1.18% <-Median-> 10 Yield on High  Price US$
Yield on Low Price 2.99% 3.01% 3.28% 5.55% 5.13% 1.53% 2.34% 2.12% 2.18% 2.99% 1.20% 2.05% 2.62% 3.29% 2.26% <-Median-> 10 Yield on Low Price US$
Yield on Close Price 2.60% 2.63% 3.18% 4.45% 4.99% 0.98% 1.75% 2.09% 1.61% 0.81% 0.56% 1.33% 2.38% 2.97% 3.15% 3.15% 1.68% <-Median-> 10 Yield on Close Price US$
Payout Ratio EPS 45.13% 67.18% 111.26% 108.65% 113.65% 0.00% 6.56% 0.00% 11.94% 0.00% 32.41% 14.50% 24.76% 30.58% 30.69% 25.28% 13.22% <-Median-> 10 DPR EPS US$
DPR EPS 5 Yr Running 33.79% 43.34% 65.88% 70.45% 77.16% 114.53% 66.29% 114.09% 54.40% 328.51% 65.28% 92.69% 25.37% 31.65% 24.32% 24.35% 73.80% <-Median-> 10 DPR EPS 5 Yr Running US$
Payout Ratio CFPS 20.24% 19.45% 20.68% 22.86% 48.19% 19.36% 8.03% 11.41% 7.95% 28.13% 2.96% 5.86% 13.30% 14.06% 13.68% 12.83% 12.36% <-Median-> 10 DPR CF US$
DPR CF 5 Yr Running 15.78% 18.71% 20.57% 21.17% 22.65% 23.17% 22.11% 21.31% 16.74% 10.65% 7.50% 7.51% 8.54% 10.07% 10.69% 12.11% 18.95% <-Median-> 10 DPR CF 5 Yr Running US$
Payout Ratio CFPS WC 20.22% 18.26% 20.28% 23.17% 42.00% 11.71% 8.43% 14.68% 7.01% 52.25% 2.46% 6.12% 11.36% 14.06% 13.68% 12.83% 11.53% <-Median-> 10 DPR CF WC US$
DPR CF WC 5 Yr Running 16.00% 18.72% 20.67% 21.07% 22.03% 21.69% 21.04% 20.74% 15.51% 10.13% 7.24% 7.38% 7.89% 9.56% 10.21% 11.91% 18.12% <-Median-> 10 DPR CF WC 5 Yr Running US$
Median Values 10 Yr Med 10 Yr Cl 1.53% 1.68% 5 Yr Med 5 Yr Cl 1.38% 1.33% 5 Yr Med Payout 14.50% 7.95% 7.01% 22.04% <-IRR #YR-> 5 Dividends 170.76% US$
* Dividends per share  10 Yr Med and Cur. 105.78% 87.57% 5 Yr Med and Cur. 127.54% 136.56% Last Div Inc ---> $0.1600 $0.0500 -68.8% -7.96% <-IRR #YR-> 10 Dividends -56.39% US$
Dividends Growth 15 -4.38% <-IRR #YR-> 15 Dividends -48.89% US$
Dividends Growth 20 7.29% <-IRR #YR-> 20 Dividends 308.85% US$
Dividends Growth 25 9.32% <-IRR #YR-> 25 Dividends US$
Dividends Growth 30 7.66% <-IRR #YR-> 30 Dividends
Dividends Growth 35 8.30% <-IRR #YR-> 31 Dividends
Dividends Growth 5 -$0.15 $0.00 $0.00 $0.00 $0.00 $0.40 Dividends Growth 5
Dividends Growth 10 -$0.91 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.40 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.40 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.40 Dividends Growth 20
Dividends Growth 25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.40 Dividends Growth 25
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.40 Dividends Growth 30
Dividends Growth 35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.40 Dividends Growth 35
Historical Dividends Historical High Div 5.34% Low Div 0.49% 10 Yr High 5.51% 10 Yr Low 0.47% Med Div 2.00% Close Div 2.09% Historical Dividends CDN$
High/Ave/Median Values Curr diff Exp. -41.02%     542.75% Exp. -42.84% 570.10% Cheap 57.47% Cheap 51.02% High/Ave/Median  CDN$
Dividends* CDN$ $0.76 $0.76 $0.83 Estimates Dividends* CDN$
Increase 45.16% -0.52% 9.34% Estimates Increase
Payout Ratio EPS 34.27% 32.31% 29.10% Estimates Payout Ratio EPS
Special Dividends CDN$ $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.11 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends CDN$
AEC Div
pre split 2005
Dividends CDN$* $0.88 $0.88 $0.97 $1.06 $0.85 $0.20 $0.20 $0.20 $0.21 $0.06 $0.09 $0.35 $0.53 $0.68 $0.72 $0.72 -45.76% <-Total Growth 10 Dividends CDN$
Increase 10.00% 0.00% 10.00% 10.00% -19.95% -76.54% 0.00% 0.00% 6.25% -70.59% 40.00% 300.00% 50.00% 29.52% 5.88% 0.00% 14 6 31 Years of data Count P, N CDN$
Average Increases 5 Year Running 42.30% 28.38% 0.83% 6.00% 2.01% -15.30% -15.30% -17.30% -18.05% -28.18% -4.87% 55.13% 65.13% 69.79% 85.08% 77.08% -10.08% <-Median-> 10 Average Incr 5 Year Running CDN$
Dividends 5 Yr Running $0.76 $0.86 $0.87 $0.92 $0.93 $0.79 $0.66 $0.50 $0.33 $0.18 $0.15 $0.21 $0.27 $0.36 $0.50 $0.62 -68.77% <-Total Growth 10 Dividends 5 Yr Running CDN$
Yield H/L Price 2.55% 2.52% 3.10% 3.95% 4.11% 1.08% 1.36% 1.71% 1.77% 0.79% 0.73% 1.48% 2.11% 2.72% 1.60% <-Median-> 10 Yield H/L Price CDN$
Yield on High  Price 2.19% 2.24% 2.87% 3.07% 3.33% 0.94% 0.98% 1.37% 1.52% 0.46% 0.53% 1.13% 1.81% 2.28% 1.25% <-Median-> 10 Yield on High  Price CDN$
Yield on Low Price 3.06% 2.88% 3.37% 5.52% 5.35% 1.26% 2.22% 2.29% 2.12% 2.75% 1.20% 2.15% 2.54% 3.38% 2.26% <-Median-> 10 Yield on Low Price CDN$
Yield on Close Price 2.65% 2.64% 3.18% 4.44% 4.87% 0.99% 1.74% 2.08% 1.61% 0.81% 0.56% 1.33% 1.96% 2.97% 3.14% 3.14% 1.68% <-Median-> 10 Yield on Close Price CDN$
Payout Ratio EPS 45.13% 67.18% 111.26% 108.65% 113.65% 0.00% 6.56% 0.00% 11.94% 0.00% 32.41% 14.50% 24.76% 30.58% 30.69% 25.28% 13.22% <-Median-> 10 DPR EPS CDN$
DPR EPS 5 Yr Running 33.04% 41.57% 66.18% 71.43% 79.27% 121.63% 65.70% 128.43% 60.32% 1250.00% 77.02% 90.04% 24.89% 30.97% 24.38% 24.41% 78.14% <-Median-> 10 DPR EPS 5 Yr Running CDN$
Payout Ratio CFPS 20.24% 19.45% 20.68% 22.86% 48.19% 19.36% 8.03% 11.41% 7.95% 28.13% 2.96% 5.86% 13.30% 14.06% 13.7% 12.8% 12.36% <-Median-> 10 DPR CF CDN$
DPR CF 5 Yr Running 15.74% 18.44% 20.56% 21.21% 23.25% 23.79% 22.46% 21.51% 17.13% 10.71% 7.55% 7.56% 8.57% 10.14% 10.78% 12.13% 19.17% <-Median-> 10 DPR CF 5 Yr Running CDN$
Payout Ratio CFPS WC 20.22% 18.26% 20.28% 23.17% 42.00% 11.71% 8.43% 14.68% 7.01% 52.25% 2.46% 6.12% 11.36% 14.06% 13.68% 12.83% 11.53% <-Median-> 10 DPR CF WC CDN$
DPR CF WC 5 Yr Running 15.92% 18.43% 20.67% 21.12% 22.58% 22.12% 21.23% 20.86% 15.85% 10.18% 7.31% 7.45% 7.93% 9.65% 10.32% 11.93% 18.36% <-Median-> 10 DPR CF WC 5 Yr Running CDN$
Median Values 10 Yr Med 10 Yr Cl 1.60% 1.68% 5 Yr Med 5 Yr Cl 1.48% 1.33% 5 Yr Med Payout 14.50% 7.95% 7.01% 21.29% <-IRR #YR-> 5 Dividends 162.50% CDN$
* Dividends per share  10 Yr Med and Cur. 96.68% 87.35% 5 Yr Med and Cur. 111.86% 135.68% Last Div Inc ---> $0.1400 $0.1800 28.57% -5.93% <-IRR #YR-> 10 Dividends -45.76% CDN$
Dividends Growth 15 -3.88% <-IRR #YR-> 15 Dividends -44.78% CDN$
Dividends Growth 20 7.42% <-IRR #YR-> 20 Dividends 318.41% CDN$
Dividends Growth 25 8.65% <-IRR #YR-> 25 Dividends 695.98% CDN$
Dividends Growth 30 7.64% <-IRR #YR-> 30 Dividends CDN$
Dividends Growth 35 7.38% <-IRR #YR-> 31 Dividends
Historical Dividends Historical High Div 4.26% Low Div 0.54% 10 Yr High 5.50% 10 Yr Low 0.47% Med Div 1.47% Close Div 1.53% Historical Dividends CDN$
High/Ave/Median Values Curr diff Exp. -26.29%     481.48% Exp. -42.91% 568.08% Cheap 113.60% Cheap 105.81% High/Ave/Median  CDN$
Future Dividend Yield Div Yd 8.24% earning in 5 Years at IRR of 21.29% Div Inc. 162.50% Future Dividend Yield CDN$
Future Dividend Yield Div Yd 21.64% earning in 10 Years at IRR of 21.29% Div Inc. 589.06% Future Dividend Yield CDN$
Future Dividend Yield Div Yd 56.80% earning in 15 Years at IRR of 21.29% Div Inc. 1708.79% Future Dividend Yield CDN$
Future Dividend Paid Div Paid $1.89 earning in 5 Years at IRR of 21.29% Div Inc. 162.50% Future Dividend Paid CDN$
Future Dividend Paid Div Paid $4.96 earning in 10 Years at IRR of 21.29% Div Inc. 589.06% Future Dividend Paid CDN$
Future Dividend Paid Div Paid $13.02 earning in 15 Years at IRR of 21.29% Div Inc. 1708.79% Future Dividend Paid CDN$
Dividend Covering Cost Total Div $5.50 over 5 Years at IRR of 21.29% Div Cov. 23.97% Dividend Covering Cost CDN$
Dividend Covering Cost Total Div $18.03 over 10 Years at IRR of 21.29% Div Cov. 78.64% Dividend Covering Cost CDN$
Dividend Covering Cost Total Div $50.94 over 15 Years at IRR of 21.29% Div Cov. 222.14% Dividend Covering Cost CDN$
Yield if held 5 years 3.37% 2.95% 2.86% 3.98% 2.94% 0.58% 0.57% 0.64% 0.79% 0.30% 0.47% 2.38% 4.49% 5.65% 9.09% 6.04% 0.71% <-Median-> 10 Paid Median Price CDN$
Yield if held 10 years 8.35% 8.33% 8.17% 7.18% 3.44% 0.76% 0.67% 0.59% 0.79% 0.22% 0.25% 1.00% 1.68% 2.52% 3.47% 3.87% 0.78% <-Median-> 10 Paid Median Price CDN$
Yield if held 15 years 19.41% 17.36% 18.13% 16.22% 9.42% 1.90% 1.89% 1.69% 1.43% 0.25% 0.33% 1.17% 1.55% 2.54% 2.48% 2.09% 1.62% <-Median-> 10 Paid Median Price CDN$
Yield if held 20 years 39.90% 30.01% 32.09% 26.17% 4.41% 3.94% 3.75% 3.24% 0.69% 0.83% 3.31% 4.43% 4.59% 2.91% 2.75% 3.85% <-Median-> 10 Paid Median Price CDN$
Yield if held 25 years 9.07% 6.20% 6.40% 1.92% 1.93% 6.90% 9.83% 10.36% 7.96% 6.83% 6.40% <-Median-> 7 Paid Median Price CDN$
Yield if held 30 years 15.87% 16.27% 20.49% 22.10% 15.88% 16.07% <-Median-> 2 Paid Median Price
Cost covered if held 5 years 14.59% 14.45% 12.79% 17.17% 16.03% 11.49% 9.41% 8.06% 6.17% 4.22% 4.10% 6.97% 11.56% 15.13% 31.25% 26.08% 8.73% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 10 years 43.70% 50.48% 52.13% 48.03% 31.50% 29.75% 25.46% 20.22% 23.40% 19.05% 13.71% 12.35% 12.38% 12.91% 16.15% 20.83% 21.81% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 15 years 109.57% 114.05% 125.22% 117.01% 93.65% 81.31% 81.57% 73.38% 59.26% 35.04% 32.67% 28.90% 24.22% 30.20% 27.59% 22.72% 66.32% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 20 years 276.78% 217.43% 241.48% 270.15% 197.02% 178.84% 172.37% 142.36% 103.33% 88.55% 91.29% 84.80% 71.52% 45.03% 44.56% 157.37% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 25 years 425.74% 295.46% 291.65% 297.01% 213.83% 199.08% 197.69% 170.06% 130.71% 118.04% 291.65% <-Median-> 7 Paid Median Price CDN$
Cost covered if held 30 years 472.29% 337.35% 346.47% 373.03% 282.40% 404.82% <-Median-> 2 Paid Median Price
Yr  Item Tot. Growth Per Year
Revenue Growth CDN$ $20,844 $20,181 $13,227 $46,357 $66,897 $52,204 $58,050 <-12 mths 11.20% 150.45% <-Total Growth 5 Revenue Growth  150.45% 20.16%
FFO Growth $1.36 $2.03 -$0.59 $2.32 $3.62 $2.34 $3.56 <-12 mths 52.30% 71.80% <-Total Growth 5 FFO Growth 71.80% 11.43%
Net Income Growth -$2,669 $2,194 -$2,379 $587 $6,450 $4,109 $4,783 <-12 mths 16.40% 253.95% <-Total Growth 5 Net Income Growth 253.95% 28.76%
Cash Flow Growth $2,154 $3,285 $273 $5,919 $11,403 $7,388 $10,416 <-12 mths 40.99% 242.99% <-Total Growth 5 Cash Flow Growth 242.99% 27.95%
Dividend Growth $0.20 $0.21 $0.06 $0.09 $0.35 $0.53 $0.68 <-12 mths 29.52% 162.50% <-Total Growth 5 Dividend Growth 162.50% 21.29%
Stock Price Growth $9.60 $13.20 $7.75 $15.51 $26.27 $26.80 $22.93 <-12 mths -14.44% 179.17% <-Total Growth 5 Stock Price Growth 179.17% 22.79%
Revenue Growth CDN$ $18,657 $19,642 $13,064 $12,134 $17,043 $20,844 $20,181 $13,227 $46,357 $66,897 $52,204 $58,050 <-12 mths 11.20% 179.81% <-Total Growth 10 Revenue Growth  179.81% 10.84%
FFO Growth $4.76 $4.59 $2.07 $1.64 $2.64 $1.36 $2.03 -$0.59 $2.32 $3.62 $2.34 $3.56 <-12 mths 52.30% -50.85% <-Total Growth 10 FFO Growth -50.85% -6.86%
Net Income Growth $662 $744 $618 -$545 $3,366 -$2,669 $2,194 -$2,379 $587 $6,450 $4,109 $4,783 <-12 mths 16.40% 520.69% <-Total Growth 10 Net Income Growth 520.69% 20.03%
Cash Flow Growth $3,539 $3,526 $1,474 $861 $3,059 $2,154 $3,285 $273 $5,919 $11,403 $7,388 $10,416 <-12 mths 40.99% 108.76% <-Total Growth 10 Cash Flow Growth 108.76% 7.64%
Dividend Growth $0.97 $1.06 $0.85 $0.20 $0.20 $0.20 $0.21 $0.06 $0.09 $0.35 $0.53 $0.7 <-12 mths 29.52% -45.76% <-Total Growth 10 Dividend Growth -45.76% -5.93%
Stock Price Growth $30.40 $23.97 $17.50 $20.30 $11.48 $9.60 $13.20 $7.75 $15.51 $26.27 $26.80 $22.93 <-12 mths -14.44% -11.84% <-Total Growth 10 Stock Price Growth -11.84% -1.25%
Dividends on Shares $31.94 $35.14 $28.13 $6.60 $6.60 $6.60 $7.01 $2.06 $2.89 $15.31 $17.33 $22.44 $23.76 $23.76 $159.61 No of Years 11 Total Divs 12/31/13
Paid  $1,098.57 $1,003.20 $791.01 $577.50 $669.90 $378.84 $316.80 $435.60 $255.75 $511.83 $866.91 $884.40 $756.69 $756.69 $756.69 $884.40 No of Years 11 Worth $30.40 32.89
Total $1,044.01
Graham No. AFFO $34.85 $37.43 $37.54 $37.28 $26.32 $22.67 $31.10 $20.87 $26.71 $24.91 $24.83 $34.32 $28.41 $29.12 $33.66 $0.00 -24.31% <-Total Growth 10 Graham Price AFFO CDN$
Price/GP Ratio Med 0.99 0.93 0.83 0.72 0.79 0.82 0.47 0.56 0.45 0.32 0.48 0.69 0.87 0.86 0.62 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 1.15 1.05 0.90 0.93 0.97 0.94 0.66 0.70 0.52 0.55 0.67 0.90 1.02 1.02 0.80 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 0.83 0.82 0.76 0.52 0.60 0.70 0.29 0.42 0.38 0.09 0.29 0.47 0.73 0.69 0.45 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 0.95 0.89 0.81 0.64 0.66 0.90 0.37 0.46 0.49 0.31 0.62 0.77 0.94 0.79 0.68 #DIV/0! 0.63 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close -4.74% -11.07% -19.01% -35.69% -33.50% -10.46% -63.08% -54.00% -50.57% -68.89% -37.53% -23.45% -5.66% -21.25% -31.87% #DIV/0! -36.61% <-Median-> 10 Graham Price CDN$
Graham No. last 3 EPS $25.81 $20.60 $21.26 $20.41 $18.77 $16.47 $11.48 $18.33 $5.19 $16.47 $12.55 $3.45 $13.26 $25.93 $30.12 $28.36 -37.60% <-Total Growth 10 Graham Price Last 3 EPS CDN$
Price/GP Ratio Med 1.34 1.69 1.47 1.32 1.11 1.13 1.28 0.64 2.32 0.48 0.95 6.84 1.87 0.96 0.00 0.00 1.21 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 1.56 1.91 1.59 1.70 1.36 1.29 1.78 0.80 2.70 0.82 1.32 8.97 2.19 1.15 0.00 0.00 1.53 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 1.11 1.48 1.35 0.94 0.85 0.97 0.78 0.48 1.93 0.14 0.58 4.72 1.56 0.78 0.00 0.00 0.90 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 1.29 1.62 1.43 1.17 0.93 1.23 1.00 0.52 2.54 0.47 1.24 7.61 2.02 0.88 0.76 0.81 1.20 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 31.54% 64.91% 56.97% 20.65% -8.04% 12.40% 0.01% -36.57% 32.01% -95.94% 35.02% 70.76% 50.06% -10.58% -24.71% -16.95% 16.52% <-Median-> 10 Graham Price CDN$
Graham No. EPS $23.42 $19.55 $16.05 $17.22 $15.84 $30.89 $33.40 $23.86 $25.02 $9.09 $8.46 $32.25 $27.04 $28.32 $29.09 $32.05 68.52% <-Total Growth 10 Graham Price EPS CDN$
Price/GP Ratio Med 1.47 1.79 1.95 1.57 1.31 0.60 0.44 0.49 0.48 0.87 1.41 0.73 0.92 0.88 0.80 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 1.72 2.01 2.11 2.01 1.62 0.69 0.61 0.61 0.56 1.49 1.95 0.96 1.07 1.05 1.02 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 1.23 1.56 1.79 1.12 1.01 0.52 0.27 0.37 0.40 0.25 0.86 0.50 0.76 0.71 0.51 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 1.42 1.70 1.89 1.39 1.10 0.66 0.34 0.40 0.53 0.85 1.83 0.81 0.99 0.81 0.79 0.72 0.83 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 41.79% 70.24% 89.44% 39.17% 10.47% -34.29% -65.63% -59.77% -47.23% -14.72% 83.26% -18.54% -0.90% -19.05% -21.18% -28.46% -16.63% <-Median-> 10 Graham Price CDN$
AEC to 2001
pre split 2005
Price Close CDN$ $33.20 $33.29 $30.40 $23.97 $17.50 $20.30 $11.48 $9.60 $13.20 $7.75 $15.51 $26.27 $26.80 $22.93 $22.93 $22.93 -11.84% <-Total Growth 10 Stock Price CDN$
Increase -0.24% 0.27% -8.68% -21.15% -26.99% 16.00% -43.45% -16.38% 37.50% -41.29% 100.13% 69.37% 2.02% -14.44% 0.00% 0.00% 21.68 <-Median-> 10 CAPE (10 Yr P/E) CDN$
P/E 17.03 25.41 34.94 24.46 23.33 -31.23 3.76 -4.42 7.42 -3.99 57.44 8.21 12.64 10.31 9.77 8.05 22.79% <-IRR #YR-> 5 Stock Price 179.17% CDN$
Trailing P/E 25.15 17.07 23.21 27.55 17.86 27.07 -17.66 3.15 -6.08 4.35 -7.99 97.30 8.38 10.82 10.31 9.77 -1.25% <-IRR #YR-> 10 Stock Price -11.84% CDN$
CAPE (10 Yr P/E) 11.36 12.72 13.41 14.07 14.70 18.75 16.67 28.03 24.62 13.07 36.49 42.79 36.27 26.56 22.41 16.70 24.46% <-IRR #YR-> 5 Price & Dividend 291.44% CDN$
Median 10, 5 Yrs D.  per yr 1.35% 1.67% % Tot Ret 1421.72% 6.81% T P/E 6.36 4.35 P/E:  7.81 8.21 0.09% <-IRR #YR-> 10 Price & Dividend 0.88% CDN$
Price 15 D.  per yr 2.08% % Tot Ret 111.14% CAPE Diff -52.45% -0.21% <-IRR #YR-> 15 Stock Price -3.08% CDN$
Price  20 D.  per yr 3.03% % Tot Ret 43.73% 3.90% <-IRR #YR-> 20 Stock Price 115.03% CDN$
Price  25 D.  per yr 3.51% % Tot Ret 34.78% 6.59% <-IRR #YR-> 25 Stock Price 392.52% CDN$
Price  30 D.  per yr 3.48% % Tot Ret 31.63% 7.51% <-IRR #YR-> 30 Stock Price CDN$
Price  35 D.  per yr 3.51% % Tot Ret 31.27% 7.71% <-IRR #YR-> 31 Stock Price CDN$
Price & Dividend 15 1.87% <-IRR #YR-> 15 Price & Dividend 26.57% CDN$
Price & Dividend 20 6.94% <-IRR #YR-> 20 Price & Dividend 195.61% CDN$
Price & Dividend 25 10.10% <-IRR #YR-> 25 Price & Dividend 586.47% CDN$
Price & Dividend 30 10.99% <-IRR #YR-> 30 Price & Dividend CDN$
Price & Dividend 35 11.22% <-IRR #YR-> 31 Price & Dividend CDN$
Price H/L Median CDN $34.50 $34.91 $31.24 $26.99 $20.76 $18.59 $14.74 $11.69 $12.03 $7.93 $11.92 $23.62 $24.84 $24.96 -20.50% <-Total Growth 10 Stock Price CDN$
Increase 19.0% 1.2% -10.5% -13.6% -23.1% -10.4% -20.7% -20.7% 2.9% -34.1% 50.4% 98.1% 5.2% 0.5% -2.27% <-IRR #YR-> 10 Stock Price -20.50% CDN$
P/E 17.69 26.65 35.91 27.54 27.67 -28.60 4.83 -5.39 6.76 -4.09 44.15 7.38 11.71 11.22 16.27% <-IRR #YR-> 5 Stock Price 112.45% CDN$
Trailing P/E 26.13 17.90 23.85 31.02 21.18 24.79 -22.67 3.83 -5.54 4.45 -6.14 87.46 7.76 11.77 -0.91% <-IRR #YR-> 10 Price & Dividend CDN$
P/E on Run. 5 yr Ave 14.94 16.83 23.88 20.98 17.71 28.51 14.74 29.82 21.78 566.07 60.20 103.57 22.87 21.25 17.82% <-IRR #YR-> 5 Price & Dividend CDN$
P/E on Run. 10 yr Ave 16.02 16.69 14.75 13.04 10.77 12.56 9.59 13.75 13.08 13.36 28.05 38.46 33.61 28.91 14.37 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs D.  per yr 1.36% 1.55% % Tot Ret 0.00% 8.72% T P/E 6.11 4.45 P/E:  7.07 7.38 Count 32 Years of data
High Months Apr/Jul Feb Jan Aug Feb Dec Jan Jul  Apr Jan Nov Jun Oct Apr
AEC
pre split 2005
Price High CDN$ $40.21 $39.31 $33.78 $34.68 $25.59 $21.26 $20.47 $14.64 $14.01 $13.58 $16.52 $30.95 $29.03 $29.81 -14.06% <-Total Growth 10 Stock Price CDN$
Increase 20.82% -2.24% -14.07% 2.66% -26.21% -16.92% -3.72% -28.48% -4.30% -3.07% 21.65% 87.35% -6.20% 2.69% -1.50% <-IRR #YR-> 10 Stock Price -14.06% CDN$
P/E 20.6 30.0 38.8 35.4 34.1 -32.7 6.7 -6.7 7.9 -7.0 61.2 9.7 13.7 13.4 14.67% <-IRR #YR-> 5 Stock Price 98.29% CDN$
Trailing P/E 30.5 20.2 25.8 39.9 26.1 28.3 -31.5 4.8 -6.5 7.6 -8.5 114.6 9.1 14.1 16.52 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 8.35 7.63 P/E:  8.77 9.67 34.54 P/E Ratio Historical High CDN$
-$33.78 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $29.03
-$14.64 $0.00 $0.00 $0.00 $0.00 $29.03
Low Months Nov Aug Apr Dec Aug Aug Jun Dec Feb Mar Jan Jan May Jan
AEC
pre split 2005
Price Low pre 09
Price Low CDN$ $28.78 $30.51 $28.70 $19.29 $15.92 $15.92 $9.00 $8.74 $10.04 $2.27 $7.32 $16.28 $20.64 $20.11 -28.08% <-Total Growth 10 Stock Price CDN$
Increase 16.57% 6.01% -5.93% -32.79% -17.47% 0.00% -43.47% -2.89% 14.87% -77.39% 222.47% 122.40% 26.78% -2.57% -3.24% <-IRR #YR-> 10 Stock Price -28.08% CDN$
P/E 14.8 23.3 33.0 19.7 21.2 -24.5 3.0 -4.0 5.6 -1.2 27.1 5.1 9.7 9.0 18.75% <-IRR #YR-> 5 Stock Price 136.16% CDN$
Trailing P/E 21.8 15.6 21.9 22.2 16.2 21.2 -13.8 2.9 -4.6 1.3 -3.8 60.3 6.5 9.5 12.09 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 4.66 1.28 P/E:  5.36 5.64 4.97 P/E Ratio Historical Low CDN$
-$28.70 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $20.64
-$8.74 $0.00 $0.00 $0.00 $0.00 $20.64
US$ from CDN$ stock price $32.51 $33.40 $28.58 $20.66 $12.64 $15.12 $9.15 $7.04 $10.16 $6.09 $12.23 $19.40 $20.26 $16.53 $16.53 $16.53
Price Close US$ $33.20 $33.54 $28.65 $20.62 $12.34 $15.13 $9.13 $7.03 $10.15 $6.04 $12.28 $19.41 $16.65 $16.48 $16.48 $16.48 -41.88% <-Total Growth 10 Stock Price US$
Increase -0.1% 1.0% -14.6% -28.0% -40.2% 22.6% -39.7% -23.0% 44.4% -40.5% 103.3% 58.1% -14.2% -1.0% 0.0% 0.0% 11.04 <-Median-> 10 CAPE (10 Yr P/E) US$
P/E 17.39 25.52 35.03 24.41 22.78 -31.25 3.76 -4.42 7.41 -3.96 57.66 8.22 10.39 10.28 9.74 8.03 18.82% <-IRR #YR-> 5 Stock Price 136.84% US$
Trailing P/E 25.08 17.57 21.80 25.21 14.61 27.93 -18.86 2.89 -6.38 4.41 -8.06 91.14 7.05 10.28 10.28 9.74 -5.28% <-IRR #YR-> 10 Stock Price -41.88% US$
CAPE (10 Yr P/E) 17.78 17.87 14.99 11.00 7.08 11.08 6.72 8.63 11.97 10.73 31.21 38.95 28.87 25.25 21.47 16.14 20.68% <-IRR #YR-> 5 Price & Dividend 151.37% US$
Median 10, 5 Yrs D.  per yr 1.29% 1.86% % Tot Ret 0.00% 8.99% T P/E 5.73 4.41 P/E:  7.81 8.22 -3.99% <-IRR #YR-> 10 Price & Dividend -31.38% US$
Price 15 D.  per yr 2.47% % Tot Ret 539.13% CAPE Diff -6.86% -2.01% <-IRR #YR-> 15 Stock Price -26.30% US$
Price  20 D.  per yr 2.57% % Tot Ret 244.42% -1.52% <-IRR #YR-> 18 Stock Price
Price & Dividend 15 0.46% <-IRR #YR-> 15 Stock Price -2322.90% US$
Price & Dividend 20 1.05% <-IRR #YR-> 18 Stock Price
Price H/L Median US$ $34.50 $34.45 $30.99 $24.52 $16.34 $13.02 $11.05 $9.06 $8.97 $6.06 $9.68 $18.67 $18.18 $18.35 -41.33% <-Total Growth 10 Stock Price US$
Increase 22.3% -0.1% -10.1% -20.9% -33.4% -20.3% -15.1% -18.0% -1.0% -32.5% 59.9% 92.9% -2.6% 0.9% -5.19% <-IRR #YR-> 10 Stock Price -41.33% US$
P/E 81.55 121.39 3732.84 408.67 812.48 -85.12 -72.24 -52.38 -49.68 -21.49 -198.86 33.86 27.91 26.29 14.95% <-IRR #YR-> 5 Stock Price 100.66% US$
Trailing P/E 73.37 81.44 109.18 2953.98 272.25 647.59 -72.24 -59.23 -51.83 -33.55 -34.36 -383.55 32.98 28.17 -2.71% <-IRR #YR-> 10 Price & Dividend US$
P/E on Run. 5 yr Ave 1576.19 1538.90 1081.27 798.60 490.39 1384.03 1130.97 663.19 591.06 1315.63 1827.58 1650.96 1005.27 804.43 18.26% <-IRR #YR-> 5 Price & Dividend US$
P/E on Run. 10 yr Ave 1128.14 1194.40 918.67 444.21 305.08 1036.39 497.25 395.92 423.57 219.92 809.80 868.42 714.73 542.67 30.89 P/E Ratio Historical Median US$
Median 10, 5 Yrs D.  per yr 2.48% 3.32% % Tot Ret 0.00% 18.17% T P/E -33.95 -34.36 P/E:  -35.58 -21.49 Count 14 Years of data
High Months Apr/Jul Mar Jan Jul Feb Jun Jan May Apr Jan Nov Jun Oct Apr
Price High US$ $40.21 $39.55 $34.23 $32.50 $20.66 $16.32 $15.30 $11.19 $10.44 $10.47 $13.61 $24.71 $21.21 $21.80 -38.04% <-Total Growth 10 Stock Price US$
Increase 20.97% -1.64% -13.45% -5.05% -36.43% -21.01% -6.25% -26.86% -6.70% 0.29% 29.99% 81.56% -14.16% 2.78% -4.67% <-IRR #YR-> 10 Stock Price -38.04% US$
P/E 20.6 30.2 39.3 33.2 27.5 -25.1 5.0 -5.2 5.9 -5.4 50.4 7.7 10.0 9.8 13.64% <-IRR #YR-> 5 Stock Price 89.54% US$
Trailing P/E 85.5 93.5 120.6 3915.4 344.3 811.7 -100.0 -73.2 -60.4 -58.0 -48.3 -507.6 38.5 33.5 15.31 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E -53.16 -58.02 P/E:  6.79 7.72 33.16 P/E Ratio Historical High US$
-$34.23 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $21.21
-$11.19 $0.00 $0.00 $0.00 $0.00 $21.21
Low Months Nov Jun Jun Dec Aug Feb Jun Dec Feb Mar Jan Jan May Jan
Price Low US$ $28.78 $29.35 $27.74 $16.54 $12.01 $9.72 $6.80 $6.93 $7.49 $1.64 $5.75 $12.63 $15.15 $14.90 -45.39% <-Total Growth 10 Stock Price US$
Increase 24.32% 1.98% -5.49% -40.37% -27.39% -19.07% -30.04% 1.91% 8.08% -78.10% 250.61% 119.65% 19.95% -1.65% -5.87% <-IRR #YR-> 10 Stock Price -45.39% US$
P/E 68.0 103.4 3341.9 275.7 597.4 -63.5 -44.5 -40.1 -41.5 -5.8 -118.1 22.9 23.3 21.4 16.93% <-IRR #YR-> 5 Stock Price 118.61% US$
Trailing P/E 61.2 69.4 97.7 1992.6 200.2 483.5 -44.5 -45.3 -43.3 -9.1 -20.4 -259.5 27.5 22.9 23.08 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E -14.75 -20.41 P/E:  -22.94 -5.82 -44.45 P/E Ratio Historical Low US$
-$27.74 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $15.15
-$6.93 $0.00 $0.00 $0.00 $0.00 $15.15
$10,179 <-12 mths 137.83%
Free Cash Flow MS old 2024 $468 -$240 -$173 $1,389 $777 $2,102 -$586 $3,356 $7,645
Free Cash Flow MS $481 -$29 $270 $420 -$20 $390 $1,240 $300 $2,540 -$710 $4,580 $7,070 $4,280 $4,449 $4,258 $5,430 1485.19% <-Total Growth 10 Free Cash Flow MS, Mkt S CDN$
Change 23.33% -106.03% 1031.03% 55.56% -104.76% 2050.00% 217.95% -75.81% 746.67% -127.95% 745.07% 54.37% -39.46% 3.95% -4.29% 27.52% 70.16% <-IRR #YR-> 5 Free Cash Flow MS 1326.67% CDN$
FCF/CF from Op Ratio 0.15 -0.01 0.08 0.14 -0.02 0.61 0.51 0.19 1.00 -3.31 0.98 0.84 0.77 0.68 0.60 0.72 31.83% <-IRR #YR-> 10 Free Cash Flow MS 1485.19% CDN$
Dividends paid $603 $665 $732 $805 $528 $166 $225 $245 $260 $77 $176 $901 $901 $1,273 $1,348 $1,348 23.09% <-Total Growth 10 Dividends paid CDN$
Percentage paid -2640.00% 42.56% 18.15% 81.67% 10.24% -10.85% 3.84% 12.74% 21.05% 28.61% 31.65% 24.82% $0.13 <-Median-> 9 Percentage paid CDN$
5 Year Coverage 297.06% 280.89% 106.78% 84.51% 32.00% 25.88% 12.36% 12.04% 13.03% 16.92% 18.67% 22.64% 5 Year Coverage CDN$
Dividend Coverage Ratio -0.04 2.35 5.51 1.22 9.77 -9.22 26.02 7.85 4.75 3.50 3.16 4.03 4.75 <-Median-> 9 Dividend Coverage Ratio CDN$
5 Year of Coverage 3.13 3.86 8.09 8.31 7.67 5.91 5.36 4.42 5 Year of Coverage CDN$
$6,069 <-12 mths 91.21%
Free Cash Flow WSJ $747 -$102 -$106 $1,536 $832 $2,175 -$586 $3,411 $7,732 $3,174 $4,449 $4,258 $5,430 324.90% <-Total Growth 9 Free Cash Flow WSJ CDN$
Change -113.65% -3.92% 1549.06% -45.83% 161.42% -126.94% 682.08% 126.68% -58.95% 40.17% -4.29% 27.52% 30.71% <-IRR #YR-> 5 Free Cash Flow MS -28.62% CDN$
FCF/CF from Op Ratio 0.25 -0.10 -0.17 0.63 0.53 0.86 -2.73 0.73 0.92 0.57 0.68 0.60 0.72 17.44% <-IRR #YR-> 9 Free Cash Flow MS #DIV/0! CDN$
Dividends paid $805 $528 $166 $225 $245 $260 $77 $176 $901 $901 $1,273 $1,348 $1,348 #DIV/0! <-Total Growth 9 Dividends paid
Percentage paid 107.76% -517.65% -156.60% 14.65% 29.45% 11.95% -13.14% 5.16% 11.65% 28.39% 28.61% 31.65% 24.82% 11.80% <-Median-> 10 Percentage paid CDN$
5 Year Coverage 67.73% 32.85% 25.27% 13.34% 12.23% 14.55% 18.31% 19.97% 23.04% 5 Year Coverage CDN$
Dividend Coverage Ratio 0.93 -0.19 -0.64 6.83 3.40 8.37 -7.61 19.38 8.58 3.52 3.50 3.16 4.03 5.41 <-Median-> 6 Dividend Coverage Ratio CDN$
5 Year of Coverage 1.48 3.04 3.96 7.50 8.18 6.87 5.46 5.01 4.34 5 Year of Coverage CDN$
Market Cap US$ $24,989 $25,351 $21,661 $15,611 $10,283 $12,608 $11,219 $8,638 $12,473 $7,422 $24,575 $37,057 $31,167 $30,848 $30,848 $30,848 43.89% <-Total Growth 10 Market Cap  US$
Market Cap Pre 09 Full company
Market Cap CDN$ $24,989 $25,162 $22,984 $18,148 $14,583 $16,916 $14,107 $11,796 $16,221 $9,524 $31,039 $50,154 $50,166 $42,922 $42,922 $42,922 118.27% <-Total Growth 10 Market Cap CDN$
Diluted # of Shares in Million 757.7 758.5 757.5 757.6 818.7 866.3 1,102.5 1,229.2 1,229.4 1,228.9 2,016.2 2,006.1 1,925.4 1,950.7 154.18% <-Total Growth 10 Diluted
Change 0.49% 0.11% -0.13% 0.01% 8.06% 5.81% 27.27% 11.49% 0.02% -0.04% 64.07% -0.50% -4.02% 1.31% 2.92% <-Median-> 10 Change
Difference Diluted/Basic -0.5% -0.4% -0.2% -0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 1.4% -2.7% -1.6% -3.9% -0.02% <-Median-> 10 Difference Diluted/Basic
Basic # of Shares in Millions 754.0 755.6 755.9 756.9 818.7 866.3 1,102.5 1,228.8 1,228.8 1,228.9 2,045.1 1,951.3 1,895.5 1875 1875 1875 150.76% <-Total Growth 10 Average
Change 0.28% 0.21% 0.04% 0.13% 8.16% 5.81% 27.27% 11.46% 0.00% 0.01% 66.42% -4.59% -2.86% -1.06% 0.00% 0.00% 2.97% <-Median-> 10 Change
Difference Basic/Outstanding -0.2% 0.0% 0.0% 0.0% 1.8% -3.8% 11.5% 0.0% 0.0% 0.0% -2.1% -2.2% -1.2% -0.2% -0.2% -0.2% 0.00% <-Median-> 10 Difference Basic/Outstanding
$7,509 <-12 mths 301.13%
Reason Aq. Husky
pre-split 2005
# of Share in Millions 752.7 755.8 756.0 757.1 833.3 833.3 1,228.8 1,228.8 1,228.8 1,228.9 2,001.2 1,909.2 1,871.9 1,871.9 1,871.9 1,871.9 9.49% <-IRR #YR-> 10 Shares 147.59%
Change 0.00% 0.42% 0.03% 0.14% 10.06% 0.00% 47.46% 0.00% 0.00% 0.00% 62.85% -4.60% -1.95% 0.00% 0.00% 0.00% 8.78% <-IRR #YR-> 5 Shares 52.33%
CF fr Op $M US$ pre 09 US$
CF fr Op $M US$ $3,205 $3,431 $3,327 $3,039 $1,064 $641 $2,438 $1,579 $2,529 $214 $4,669 $8,419 $5,586 $6,527 $7,105 $7,574 67.88% <-Total Growth 10 Cash Flow US$
Increase 23.17% 7.06% -3.02% -8.66% -64.98% -39.76% 280.26% -35.25% 60.19% -91.52% 2077.37% 80.33% -33.65% 16.85% 8.85% 6.61% SO, S. Issue Buy Back Acquisition US$
5 year Running Average $3,418 $3,286 $3,092 $3,121 $2,813 $2,301 $2,102 $1,752 $1,650 $1,480 $2,286 $3,482 $4,284 $5,083 $6,461 $7,042 38.55% <-Total Growth 10 CF 5 Yr Running US$
CFPS $4.26 $4.54 $4.40 $4.01 $1.28 $0.77 $1.98 $1.28 $2.06 $0.17 $2.33 $4.41 $2.98 $3.49 $3.80 $4.05 -32.19% <-Total Growth 10 Cash Flow per Share US$
Increase 23.17% 6.61% -3.04% -8.78% -68.18% -39.76% 157.87% -35.25% 60.18% -91.52% 1237.04% 89.02% -32.33% 16.85% 8.85% 6.61% 5.32% <-IRR #YR-> 10 Cash Flow 38.55% US$
5 year Running Average $4.55 $4.37 $4.10 $4.13 $3.70 $3.00 $2.49 $1.87 $1.47 $1.25 $1.57 $2.05 $2.39 $2.68 $3.40 $3.74 28.75% <-IRR #YR-> 5 Cash Flow 144.42% US$
P/CF on Med Price 8.10 7.59 7.04 6.11 12.79 16.92 5.57 7.05 4.36 34.70 4.15 4.23 6.09 5.26 0.00 0.00 -3.81% <-IRR #YR-> 10 Cash Flow per Share -41.68% US$
P/CF on Closing Price 7.80 7.39 6.51 5.14 9.66 19.66 4.60 5.47 4.93 34.62 5.26 4.40 5.58 4.73 4.34 4.07 18.36% <-IRR #YR-> 2 Cash Flow per Share 28.17% US$
-22.52% Diff M/C -5.25% <-IRR #YR-> 10 CFPS 5 yr Running -14.29% US$
$1,834 <-12 mths -71.97%
Non-Cash pre 09 US$
Excl.Working Capital CF $2.9 $223.7 $65.8 -$40.5 $156.7 $418.6 -$115.6 -$351.9 $338.0 -$99.0 $940.2 -$361.8 $957.2 $0.0 $0.0 $0.0 5.09% <-IRR #YR-> 5 CFPS 5 yr Running 1.98% US$
CF fr Op $M WC $3,207.6 $3,654.6 $3,393.2 $2,998.9 $1,221.2 $1,059.8 $2,322.8 $1,227.1 $2,867.3 $115.5 $5,608.9 $8,057.4 $6,543.2 $6,527.0 $7,104.5 $7,574.1 50.73% <-Total Growth 10 Cash Flow less WC US$
Increase 32.42% 13.94% -7.15% -11.62% -59.28% -13.21% 119.18% -47.17% 133.66% -95.97% 4758.02% 43.65% -18.79% -0.25% 8.85% 6.61% 6.79% <-IRR #YR-> 10 Cash Flow less WC 50.73% US$
5 year Running Average $3,373 $3,285 $3,077 $3,135 $2,895 $2,466 $2,199 $1,766 $1,740 $1,518 $2,428 $3,575 $4,638 $5,370 $6,768 $7,161 39.76% <-IRR #YR-> 5 Cash Flow less WC 162.66% US$
CFPS Excl. WC US$ $4.26 $4.84 $4.49 $3.96 $1.47 $1.27 $1.89 $1.00 $2.33 $0.09 $2.80 $4.22 $3.50 $3.49 $3.80 $4.05 4.19% <-IRR #YR-> 10 CF less WC 5 Yr Run -139.29% US$
Increase 32.42% 13.46% -7.18% -11.74% -63.00% -13.21% 48.63% -47.17% 133.66% -95.97% 2883.13% 50.58% -17.17% -0.25% 8.85% 6.61% 21.30% <-IRR #YR-> 5 CF less WC 5 Yr Run 63.59% US$
5 year Running Average $4.49 $4.36 $4.08 $4.15 $3.80 $3.20 $2.62 $1.92 $1.59 $1.32 $1.62 $2.09 $2.59 $2.82 $3.56 $3.81 -2.47% <-IRR #YR-> 10 CFPS - Less WC -36.57% US$
P/CF on Med Price 8.09 7.12 6.90 6.19 11.15 10.24 5.85 9.07 3.84 64.45 3.45 4.42 5.20 5.26 0.00 0.00 28.48% <-IRR #YR-> 5 CFPS - Less WC 35.03% US$
P/CF on Closing Price 7.79 6.94 6.38 5.21 8.42 11.90 3.49 3.67 4.35 64.29 4.38 4.60 4.76 4.73 4.34 4.07 -4.45% <-IRR #YR-> 10 CFPS 5 yr Running -25.38% US$
CF/-WC P/CF Med 10 yr 6.10 5 yr  4.36 P/CF Med 10 yr 6.02 5 yr  4.42 -21.46% Diff M/C 6.19% <-IRR #YR-> 5 CFPS 5 yr Running 29.92% US$
$10,416 <-12 mths 40.99%
CF fr Op $M CDN$ pre 09
CF fr Op $M CDN$ $3,273 $3,420 $3,539 $3,526 $1,474 $861 $3,059 $2,154 $3,285 $273 $5,919 $11,403 $7,388 $9,054 $9,855 $10,507 108.76% <-Total Growth 10 Cash Flow CDN$
Increase 26.18% 4.49% 3.48% -0.37% -58.20% -41.59% 255.28% -29.58% 52.51% -91.69% 2068.13% 92.65% -35.21% 22.55% 8.85% 6.61% SO, S. Issue Buy Back CDN$
5 year Running Average $3,642 $3,517 $3,173 $3,270 $3,046 $2,564 $2,492 $2,215 $2,167 $1,926 $2,938 $4,607 $5,654 $6,807 $8,724 $9,641 78.18% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS $4.35 $4.52 $4.68 $4.66 $1.77 $1.03 $2.49 $1.75 $2.67 $0.22 $2.96 $5.97 $3.95 $4.84 $5.27 $5.61 -15.68% <-Total Growth 10 Cash Flow per Share CDN$
Increase 26.18% 4.05% 3.45% -0.51% -62.02% -41.59% 140.93% -29.58% 52.50% -91.69% 1231.37% 101.94% -33.92% 22.55% 8.85% 6.61% 7.64% <-IRR #YR-> 10 Cash Flow 108.76% CDN$
5 year Running Average $4.85 $4.68 $4.21 $4.33 $4.00 $3.33 $2.93 $2.34 $1.94 $1.63 $2.02 $2.72 $3.15 $3.59 $4.60 $5.13 27.95% <-IRR #YR-> 5 Cash Flow 242.99% CDN$
P/CF on Med Price 7.93 7.72 6.67 5.79 11.73 17.99 5.92 6.67 4.50 35.67 4.03 3.95 6.29 5.16 0.00 0.00 -1.69% <-IRR #YR-> 10 Cash Flow per Share -15.68% CDN$
P/CF on Closing Price 7.63 7.36 6.49 5.15 9.89 19.65 4.61 5.48 4.94 34.89 5.24 4.40 6.79 4.74 4.36 4.09 17.62% <-IRR #YR-> 5 Cash Flow per Share 125.16% CDN$
-22.36% Diff M/C -2.84% <-IRR #YR-> 5 CFPS 5 yr Running -25.05% CDN$
$2,544 <-12 mths 100.95%
Excl.Working Capital CF pre 09
Excl.Working Capital CF $3.0 $223.0 $70.0 -$47.0 $217.0 $562.0 -$145.0 -$480.0 $439.0 -$126.0 $1,192.0 -$490.0 $1,266.0 $0.0 $0.0 $0.0 6.15% <-IRR #YR-> 5 CFPS 5 yr Running 34.79% CDN$
CF fr Op $M WC $3,276.0 $3,643 $3,609 $3,479 $1,691 $1,423 $2,914 $1,674 $3,724 $147 $7,111 $10,913 $8,654 $9,054 $9,855 $10,507 139.79% <-Total Growth 10 Cash Flow less WC CDN$
Increase 35.65% 11.20% -0.93% -3.60% -51.39% -15.85% 104.78% -42.55% 122.46% -96.05% 4737.41% 53.47% -20.70% 4.62% 8.85% 6.61% 9.14% <-IRR #YR-> 10 Cash Flow less WC 1708.57% CDN$
5 year Running Average $3,601 $3,520 $3,158 $3,284 $3,140 $2,769 $2,623 $2,236 $2,285 $1,976 $3,114 $4,714 $6,110 $7,176 $9,118 $9,797 38.90% <-IRR #YR-> 5 Cash Flow less WC 363.75% CDN$
CFPS Excl. WC $4.35 $4.82 $4.77 $4.60 $2.03 $1.71 $2.37 $1.36 $3.03 $0.12 $3.55 $5.72 $4.62 $4.84 $5.27 $5.61 6.82% <-IRR #YR-> 10 CF less WC 5 Yr Run 93.50% CDN$
Increase 35.65% 10.74% -0.96% -3.74% -55.84% -15.85% 38.87% -42.55% 122.45% -96.05% 2870.48% 60.86% -19.12% 4.62% 8.85% 6.61% 22.27% <-IRR #YR-> 5 CF less WC 5 Yr Run 173.22% CDN$
5 year Running Average $4.79 $4.68 $4.19 $4.35 $4.11 $3.59 $3.10 $2.41 $2.10 $1.72 $2.09 $2.76 $3.41 $3.77 $4.80 $5.21 -0.32% <-IRR #YR-> 10 CFPS - Less WC -3.15% CDN$
P/CF on Med Price 7.93 7.24 6.54 5.87 10.23 10.89 6.21 8.58 3.97 66.25 3.35 4.13 5.37 5.16 0.00 0.00 27.68% <-IRR #YR-> 5 CFPS - Less WC 239.36% CDN$
P/CF on Closing Price 7.63 6.91 6.37 5.22 8.62 11.89 4.84 7.05 4.36 64.79 4.36 4.60 5.80 4.74 4.36 4.09 -2.04% <-IRR #YR-> 10 CFPS 5 yr Running -18.62% CDN$
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 6.11 5 yr  4.50 P/CF Med 10 yr 6.04 5 yr  4.13 -21.55% Diff M/C 7.15% <-IRR #YR-> 5 CFPS 5 yr Running 41.25% CDN$
-756.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1,871.9 Shares
-1,228.8 0.0 0.0 0.0 0.0 1,871.9 Shares
-$3,327 $0 $0 $0 $0 $0 $0 $0 $0 $0 $5,586 Cash Flow US$
-$1,579 $0 $0 $0 $0 $5,586 Cash Flow US$
-$4.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.98 Cash Flow per Share US$
-$1.28 $0.00 $0.00 $0.00 $0.00 $2.98 Cash Flow per Share US$
-$4.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.39 CFPS 5 yr Running US$
-$1.87 $0.00 $0.00 $0.00 $0.00 $2.39 CFPS 5 yr Running US$
-$3,393 $0 $0 $0 $0 $0 $0 $0 $0 $0 $6,543 Cash Flow less WC US$
-$1,227 $0 $0 $0 $0 $6,543 Cash Flow less WC US$
-$3,077 $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,638 CF less WC 5 Yr Run US$
-$1,766 $0 $0 $0 $0 $4,638 CF less WC 5 Yr Run US$
-$4.49 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.50 CFPS - Less WC US$
-$1.00 $0.00 $0.00 $0.00 $0.00 $3.50 CFPS - Less WC US$
-$4.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.59 CFPS 5 yr Running US$
-$1.92 $0.00 $0.00 $0.00 $0.00 $2.59 CFPS 5 yr Running US$
-$6.38 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.76 CFPS 5 yr Running US$
-$3.67 $0.00 $0.00 $0.00 $0.00 $4.76 CFPS 5 yr Running US$
-$3,539 $0 $0 $0 $0 $0 $0 $0 $0 $0 $7,388 Cash Flow CDN$
-$2,154 $0 $0 $0 $0 $7,388 Cash Flow CDN$
-$4.68 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.95 Cash Flow per Share CDN$
OPM 20.85% 20.31% 18.97% 17.95% 11.28% 7.10% 17.95% 10.33% 16.28% 2.06% 12.77% 17.05% 14.15% 15.60% -25.39% <-Total Growth 10 OPM CDN$
Increase 1.62% -2.62% -6.59% -5.36% -37.15% -37.11% 152.95% -42.43% 57.52% -87.32% 518.63% 33.50% -16.97% 10.21% Should increase  or be stable. CDN$
Diff from Median 54.9% 50.9% 40.9% 33.4% -16.2% -47.3% 33.3% -23.2% 20.9% -84.7% -5.1% 26.6% 5.1% 15.9% 0.00 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 13.46% 5 Yrs 14.15% should be  zero, it is a   check on calculations CDN$
$12,171 <-12 mths 19.31%
Adjusted EBITDA CDN$ $3,568 $4,088 $4,036 $3,971 $2,804 $1,409 $3,236 $1,411 $4,143 $606 $8,086 $13,227 $10,201 $10,905 $11,371 $11,704 152.75% <-Total Growth 10 Adjusted EBITDA CDN$
Change 30.50% 14.57% -1.27% -1.61% -29.39% -49.75% 129.67% -56.40% 193.62% -85.37% 1234.32% 63.58% -22.88% 6.90% 4.27% 2.93% -12.24% <-Median-> 10 Change CDN$
Margin 28.23% 26.04% 23.96% 21.28% 14.28% 10.79% 26.67% 8.28% 19.88% 3.00% 61.13% 28.53% 15.25% 20.89% 19.59% 20.96% 17.56% <-Median-> 10 Margin CDN$
Per Share Basic $4.73 $5.41 $5.34 $5.25 $3.42 $1.63 $2.94 $1.15 $3.37 $0.49 $3.95 $6.78 $5.38 $5.81 $6.06 $6.24 0.79% <-Total Growth 10 Per Share Basic
Long Term Debt CDN$ $5,458 $6,525 $6,332 $9,513 $8,482 $6,699 $7,441 $12,385 $8,691 $6,210 $7,275 Debt CDN$
Change 19.55% -2.96% 50.24% -10.84% -21.02% 11.08% 66.44% -29.83% -28.55% 17.15% -2.96% <-Median-> 9 Change CDN$
Ratio to Market Cap 0.30 0.45 0.37 0.67 0.72 0.41 0.78 0.40 0.17 0.12 0.17 0.41 <-Median-> 10 % of Market C. CDN$
Assets/Current Liabilities Ratio 8.35 13.88 9.46 9.23 13.53 14.17 13.89 7.41 6.97 8.68 7.97 9.34 <-Median-> 10 Assets/Current Liab Ratio CDN$
Debt to Cash Flow (Years) 1.55 4.43 7.35 3.11 3.94 2.04 27.26 2.09 0.76 0.84 0.80 2.60 <-Median-> 10 Debt to Cash Flow (Years) CDN$
Intangibles CDN$ $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #DIV/0! <-Total Growth 10 Intangibles CDN$
Goodwill $1,132 $739 $739 $242 $242 $242 $2,272 $2,272 $2,272 $2,272 $3,473 $2,923 $2,923 $2,923 295.53% <-Total Growth 10 Goodwill CDN$
Total $1,132 $739 $739 $242 $242 $242 $2,272 $2,272 $2,272 $2,272 $3,473 $2,923 $2,923 $2,984 295.53% <-Total Growth 10 Total CDN$
Change -34.72% 0.00% -67.25% 0.00% 0.00% 838.84% 0.00% 0.00% 0.00% 52.86% -15.84% 0.00% 2.09% 0.00% <-Median-> 10 Change CDN$
Ratio to Market Cap 0.05 0.03 0.03 0.01 0.02 0.01 0.16 0.19 0.14 0.24 0.11 0.06 0.06 0.07 0.09 <-Median-> 10 % of Market C. CDN$
Current Assets US$ $3,829 $4,594 $5,275 $3,616 $4,675 $5,081 $3,992 $2,342 $2,528 $2,337 $9,456 $9,177 $7,340 $8,396 39.16% <-Total Growth 10 Current Assets US$
Current Liabilities US$ $3,317 $3,280 $3,553 $2,549 $1,342 $1,989 $3,536 $1,906 $1,941 $1,853 $5,762 $5,922 $4,695 $5,067 32.15% <-Total Growth 10 Current Liabilities US$
Liquidity 1.15 1.40 1.48 1.42 3.48 2.55 1.13 1.23 1.30 1.26 1.64 1.55 1.56 1.66 1.48 <-Median-> 10 Ratio US$
Assets US$ $21,730 $24,293 $23,716 $21,287 $18,625 $18,811 $32,629 $25,784 $27,497 $25,738 $42,676 $41,250 $40,764 $40,369 71.89% <-Total Growth 10 Assets US$
Liabilities US$ $12,521 $14,456 $14,364 $12,507 $9,677 $10,179 $16,701 $12,979 $12,713 $12,616 $24,054 $20,880 $19,056 $18,724 32.66% <-Total Growth 10 Liabilities US$
Liquidity 1.74 1.68 1.65 1.70 1.92 1.85 1.95 1.99 2.16 2.04 1.77 1.98 2.14 2.16 1.96 <-Median-> 10 Ratio US$
Book Value US$ $9,210 $9,837 $9,351 $8,780 $8,948 $8,632 $15,927 $12,805 $14,784 $13,122 $18,621 $20,370 $21,709 $21,645
NCI $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 10.09
Book Value US$ $9,210 $9,837 $9,351 $8,780 $8,948 $8,632 $15,927 $12,805 $14,784 $13,122 $18,621 $20,370 $21,709 $21,635
Book Value US$ check. $9,210 $9,837 $9,351 $8,780 $8,948 $8,632 $15,927 $12,805 $14,784 $13,122 $18,612 $20,360 $21,698 $21,635 US$
Current Assets CDN$ $3,911 $4,579 $5,610 $4,195 $6,473 $6,822 $5,008 $3,195 $3,284 $2,976 $11,988 $12,430 $9,708 $11,647 73.05% <-Total Growth 10 Current Assets CDN$
Current Liabilities CDN$ $3,388 $3,270 $3,779 $2,957 $1,858 $2,671 $4,436 $2,600 $2,521 $2,359 $7,305 $8,021 $6,210 $7,029 64.33% <-Total Growth 10 Current Liabilities CDN$
Liquidity 1.15 1.40 1.48 1.42 3.48 2.55 1.13 1.23 1.30 1.26 1.64 1.55 1.56 1.66 1.48 <-Median-> 10 Ratio CDN$
Liq. with CF aft div 1.92 2.24 2.23 2.34 3.89 2.81 1.76 1.96 2.50 1.34 2.43 2.89 2.59 2.76 2.50 <-Median-> 5 Ratio CDN$
Liq. CF re  Inv+Div  1.10 1.11 1.59 1.54 3.89 2.00 0.45 1.59 1.60 0.98 2.15 2.24 1.40 2.76 1.60 <-Median-> 5 Ratio CDN$
Assets CDN$ $22,194 $24,216 $25,224 $24,695 $25,791 $25,258 $40,933 $35,174 $35,713 $32,770 $54,104 $55,869 $53,915 $56,000 113.74% <-Total Growth 10 Assets
Liabilities CDN$ $12,788 $14,410 $15,278 $14,509 $13,400 $13,668 $20,952 $17,706 $16,512 $16,063 $30,496 $28,280 $25,203 $25,974 64.96% <-Total Growth 10 Liabilities CDN$
Asset/Liability 1.74 1.68 1.65 1.70 1.92 1.85 1.95 1.99 2.16 2.04 1.77 1.98 2.14 2.16 1.96 <-Median-> 10 Ratio CDN$
Estimates BVPS $16.44 $16.94 $17.52 Estimates Estimates BVPS
Estimate Book Value $30,773.5 $31,709.4 $32,795.1 Estimates Estimate Book Value
P/B Ratio (Close) 1.39 1.35 1.31 Estimates P/B Ratio (Close)
Difference from 10 year median 18.83% Diff M/C Estimates Difference from 10 yr med.
Book Value CDN$ $9,406 $9,806 $9,946 $10,186 $12,391 $11,590 $19,981 $17,468 $19,201 $16,707 $23,608 $27,589 $28,712 $30,026 188.68% <-Total Growth 10 Book Value CDN$
NCI $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $12 $13 $14 $14 NCI
Book Value CDN$ $9,406 $9,806 $9,946 $10,186 $12,391 $11,590 $19,981 $17,468 $19,201 $16,707 $23,596 $27,576 $28,698 $30,012 $30,012 $30,012 188.54% <-Total Growth 10 Book Value CDN$
BV per share $12.50 $12.97 $13.16 $13.45 $14.87 $13.91 $16.26 $14.22 $15.63 $13.60 $11.79 $14.44 $15.33 $16.03 $16.03 $16.03 16.54% <-Total Growth 10 Book Value per Share CDN$
Change -6.15% 3.82% 1.40% 2.27% 10.53% -6.46% 16.91% -12.58% 9.92% -12.99% -13.27% 22.50% 6.14% 4.58% 0.00% 0.00% 21.84% P/B Ratio Current/10 Year Median CDN$
P/B Ratio (Median) 2.76 2.69 2.37 2.01 1.40 1.34 0.91 0.82 0.77 0.58 1.01 1.63 1.62 1.56 0.00 0.00 1.57 P/B Ratio Historical Median CDN$
P/B Ratio (Close) 2.66 2.57 2.31 1.78 1.18 1.46 0.71 0.68 0.84 0.57 1.32 1.82 1.75 1.43 1.43 1.43 1.54% <-IRR #YR-> 10 Book Value per Share CDN$
Change 6.29% -3.41% -9.94% -22.90% -33.94% 24.02% -51.63% -4.35% 25.09% -32.52% 130.76% 38.26% -3.89% -18.19% 0.00% 0.00% 1.52% <-IRR #YR-> 5 Book Value per Share CDN$
Leverage (A/BK) 2.36 2.47 2.54 2.42 2.08 2.18 2.05 2.01 1.86 1.96 2.29 2.03 1.88 1.87 0.00 0.00 2.04 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 1.36 1.47 1.54 1.42 1.08 1.18 1.05 1.01 0.86 0.96 1.29 1.03 0.88 0.87 0.00 0.00 1.04 <-Median-> 10 Debt/Eq Ratio CDN$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.17 5 yr Med 1.01 21.84% Diff M/C 2.16 Historical Leverage (A/BK) CDN$
$5,345 <-12 mths 38.94%
Comprehensive Income CDN$ $1,526 $969 $803 $941 $1,231 -$655 $3,099 -$2,274 $1,983 -$2,431 $496 $7,236 $3,847 379.08% <-Total Growth 10 Comprehensive Income CDN$
Increase 55.71% -36.50% -17.13% 17.19% 30.82% -153.21% 573.13% -173.38% 187.20% -222.59% 120.40% 1358.87% -46.84% 120.40% <-Median-> 5 Comprehensive Income CDN$
5 Yr Running Average $1,316 $972 $1,044 $1,094 $658 $1,084 $468 $677 -$56 $175 $1,002 $2,226 16.96% <-IRR #YR-> 10 Comprehensive Income 379.08% CDN$
ROE 16.2% 9.9% 8.1% 9.2% 9.9% -5.7% 15.5% -13.0% 10.3% -14.6% 2.1% 26.2% 13.4% #NUM! <-IRR #YR-> 5 Comprehensive Income 269.17% CDN$
5Yr Median 13.0% 9.9% 9.8% 9.8% 9.9% 9.2% 9.2% 9.2% 9.9% -5.7% 2.1% 2.1% 10.3% 8.64% <-IRR #YR-> 10 5 Yr Running Average 228.93% CDN$
% Difference from NI 3.2% -2.4% 21.3% 26.5% 99.2% 20.2% -7.9% -14.8% -9.6% 2.2% -15.5% 12.2% -6.4% 36.58% <-IRR #YR-> 5 5 Yr Running Average 228.93% CDN$
Median Values Diff 5, 10 yr -2.1% -6.4% 10.3% <-Median-> 5 Return on Equity CDN$
Current Liability Coverage Ratio 0.97 1.11 0.96 1.18 0.91 0.53 0.66 0.64 1.48 0.06 0.97 1.36 1.39 1.29   CFO / Current Liabilities CDN$
5 year Median 1.33 1.11 0.97 0.97 0.97 0.96 0.91 0.66 0.66 0.64 0.66 0.97 1.36 1.29 1.36 <-Median-> 5 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio 14.76% 15.04% 14.31% 14.09% 6.56% 5.63% 7.12% 4.76% 10.43% 0.45% 13.14% 19.53% 16.05% 16.17% CFO / Total Assets CDN$
5 year Median 14.76% 14.76% 14.31% 14.31% 14.31% 14.09% 7.12% 6.56% 6.56% 5.63% 7.12% 10.43% 13.14% 16.05% 13.1% <-Median-> 5 Return on Assets  CDN$
Return on Assets ROA 6.52% 4.11% 2.47% 2.60% 1.73% -1.61% 6.55% -5.56% 4.73% -5.70% 0.86% 8.52% 5.76% 5.42% Net  Income/Assets Return on Assets CDN$
5Yr Median 6.52% 4.51% 4.11% 4.11% 2.60% 2.47% 2.47% 1.73% 1.73% -1.61% 0.86% 0.86% 4.73% 5.42% 4.7% <-Median-> 5 Asset Efficiency Ratio CDN$
Return on Equity ROE 15.71% 10.13% 6.66% 7.30% 4.99% -4.70% 16.85% -15.28% 11.43% -14.24% 2.49% 23.39% 14.32% 14.04% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median 15.71% 10.13% 9.91% 9.91% 7.30% 6.66% 6.66% 4.99% 4.99% -4.70% 2.49% 2.49% 11.43% 14.04% 11.4% <-Median-> 5 Return on Equity CDN$
$4,783 <-12 mths 16.40%
Net Income CDN$ $1,478 $993 $662 $744 $618 -$545 $3,366 -$2,669 $2,194 -$2,379 $587 $6,450 $4,109 $4,213 $4,185 $4,342 520.69% <-Total Growth 10 Net Income CDN$
Increase 48.84% -32.81% -33.33% 12.39% -16.94% -188.19% 717.61% -179.29% 182.20% -208.43% 124.67% 998.81% -36.29% 2.53% -0.66% 3.75% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average $1,744 $1,563 $989 $974 $899 $494 $969 $303 $593 -$7 $220 $837 $2,192 $2,596 $3,909 $4,660 20.03% <-IRR #YR-> 10 Net Income 520.69% CDN$
Operating Cash Flow $3,273 $3,420 $3,539 $3,526 $1,474 $861 $3,059 $2,154 $3,285 $273 $5,919 $11,403 $7,388 #NUM! <-IRR #YR-> 5 Net Income 253.95% CDN$
Investment Cash Flow -2,530 -3,336 -1,519 -1,519 888 -1,079 -12,866 -613 -1,432 -863 -942 -2,314 -5,295 8.29% <-IRR #YR-> 10 5 Yr Running Average 121.70% CDN$
Total Accruals $735 $909 -$1,358 -$1,263 -$1,744 -$327 $13,173 -$4,210 $341 -$1,789 -$4,390 -$2,639 $2,016 48.57% <-IRR #YR-> 5 5 Yr Running Average 623.98% CDN$
Total Assets $22,194 $24,216 $25,224 $24,695 $25,791 $25,258 $40,933 $35,174 $35,713 $32,770 $54,104 $55,869 $53,915 Balance Sheet Assets CDN$
Accruals Ratio 3.31% 3.75% -5.38% -5.11% -6.76% -1.29% 32.18% -11.97% 0.95% -5.46% -8.11% -4.72% 3.74% -4.72% <-Median-> 5 Ratio CDN$
EPS/CF Ratio 0.45 0.27 0.18 0.21 0.37 -0.38 1.29 -1.59 0.59 -16.22 0.08 0.56 0.46 0.29 <-Median-> 10 EPS/CF Ratio CDN$
Chge In Close CDN$ -0.24% 0.27% -8.68% -21.15% -26.99% 16.00% -43.45% -16.38% 37.50% -41.29% 100.13% 69.37% 2.02% -14.44% 0.00% 0.00% Count 29 Years of data CDN$
Accruals Ratio Is? up up up up down up up up Count 17 58.62% CDN$
Predictive? Yes Yes Yes Yes Yes % right Count 7 41.18% CDN$
Financial Cash Flow CDN$ -$558 $592 -$726 -$797 $894 -$218 $6,515 -$1,410 -$2,413 -$590 -$2,507 -$7,676 -$4,313 C F Statement  Financial Cash Flow CDN$
Total Accruals $1,293 $317 -$632 -$466 -$2,638 -$109 $6,658 -$2,800 $2,754 -$1,199 -$1,883 $5,037 $6,329 Accruals CDN$
Accruals Ratio 5.83% 1.31% -2.51% -1.89% -10.23% -0.43% 16.27% -7.96% 7.71% -3.66% -3.48% 9.02% 11.74% Ratio CDN$
Count 29 Years of data
Accruals Ratio Is? up down up down up down Count 11 37.93% CDN$
Predictive? Yes Yes Yes % right Count 5 45.45% CDN$
$3,448 <-12 mths 10.98%
Net Income US$ $1,447 $996 $622 $641 $446 -$406 $2,683 -$1,956 $1,689 -$1,869 $463 $4,762 $3,107 $3,037 $3,017 $3,130 399.15% <-Total Growth 10 Net Income US$
Increase 45.30% -31.16% -37.52% 3.04% -30.41% -190.95% 761.04% -172.92% 186.34% -210.61% 124.78% 928.55% -34.76% -2.24% -0.66% 3.75% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average $1,606 $1,421 $968 $941 $831 $460 $797 $282 $491 $28 $202 $618 $1,631 $1,900 $2,877 $3,411 17.44% <-IRR #YR-> 10 Net Income 399.15% US$
Operating Cash Flow $3,205 $3,431 $3,327 $3,039 $1,064 $641 $2,438 $1,579 $2,529 $214 $4,669 $8,419 $5,586 #NUM! <-IRR #YR-> 5 Net Income 258.80% US$
Investment Cash Flow -$2,477 -$3,347 -$1,428 -$1,309 $641 -$804 -$10,256 -$449 -$1,103 -$678 -$743 -$1,709 -$4,003 5.35% <-IRR #YR-> 10 5 Yr Running Average 68.42% US$
Total Accruals $720 $912 -$1,277 -$1,089 -$1,259 -$244 $10,501 -$3,086 $263 -$1,405 -$3,463 -$1,948 $1,524 42.07% <-IRR #YR-> 5 5 Yr Running Average 478.87% US$
Total Assets $21,730 $24,293 $23,716 $21,287 $18,625 $18,811 $32,629 $25,784 $27,497 $25,738 $42,676 $41,250 $40,764 Balance Sheet Assets US$
Accruals Ratio 3.31% 3.75% -5.38% -5.11% -6.76% -1.29% 32.18% -11.97% 0.95% -5.46% -8.11% -4.72% 3.74% -4.72% <-Median-> 5 Ratio US$
Financial. C. F. US pre 09
Financial Cash. Flow. US$ -$546 $594 -$683 -$687 $646 -$162 $5,193 -$1,034 -$1,858 -$463 -$1,977 -$5,667 -$3,261 C F Statement  Financial Cash Flow US$
Total Accruals $1,266 $318 -$594 -$402 -$1,905 -$81 $5,307 -$2,052 $2,120 -$942 -$1,485 $3,719 $4,785 Accruals US$
Accruals Ratio 5.83% 1.31% -2.51% -1.89% -10.23% -0.43% 16.27% -7.96% 7.71% -3.66% -3.48% 9.02% 11.74% Ratio US$
Cash CDN$ $495 $1,160 $2,452 $883 $4,105 $3,720 $610 $781 $186 $378 $2,873 $4,524 $2,227 $3,154 Cash CDN$
Cash Per Share $0.66 $1.53 $3.24 $1.17 $4.93 $4.46 $0.50 $0.64 $0.15 $0.31 $1.44 $2.37 $1.19 $1.68 $1.19 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 1.98% 4.61% 10.67% 4.87% 28.15% 21.99% 4.32% 6.62% 1.15% 3.97% 9.26% 9.02% 4.44% 7.35% 4.44% <-Median-> 5 % of Stock Price CDN$
Notes
October 24, 2024.  Last estimates were for 2023, 2024, 2025 of $56371M, $62025M, $55348M for Revenue, $4.45, $5.65 2023/4 AFFO, $2.43, $3.07, $2.89 EPS, 
$0.54, $0.60, $0.73 for Div, $9348M, $6,835M, $6835M FCF, $4.90, $6.06, $6.21 CFPS, $11180M, $12465M, $12489M, Adj EBITDA, $15.40, $16.90, $18.10 BVPS, $4677M, $5714M, $5072M Net Income.
October 27, 2023.  Last estimates were for 68538M, $70604M and $57638M for Revenue, $4.10, $4.34 and $3.54 for EPS, $0.35, $0.49 and $0.53 for Dividends, 
$9477M, $9348M and $6835M for FCFm $6.26, $6.96 and $6.61 for CFPS, $7919M, $7164M and $5775M for Net Income.
October 28, 2022.  Last estimates were for in CDN$ for 2021, 2022 and 2023 for $41316M, $15374M and $15374M for Revenue, $1.13, $2.00 and $2.19 for EPS,
 $0.07, $0.08 and $0.11 for Dividends, $4735<, $5567M and $5095M for FCF, $3.72, $480 and $5.13 for CFPS, and $2227M, $3388M and $2625M for Net Income.
October 24, 2021.  Last estimates were for $13987M, $15457Mand $15374M CDN$ for Revenue, -$2.07, -$0.73, and -$0.66 CDN$ for EPS, 
$0.07, $0.1 and $0 CDN$ for Dividends, -$639M, $450M and $1964M CDN$ for FCF, $0.15, $1.24 and $2.10 CDN$ for CFPS, -$2107M, -$1008M and-$619M CDN$ for Net Income.
November 6, 2020.  Last estimates were for 2019, 2020 and 2021 $20596M, $18140M and $15974M CDN$ for Revenue, $2.04, $0.05 and $0.51 CDN$ for EPS, 
$0.16, $0.19 and $0.20 CDN$ for Dividends, $3.14, $2.80 and $2.67 CDN$ for CFPS and $2301M, $749M and $683M CDN$ for Net Income
November 9, 2019.  Last estimates were for 22124M, $22373M and $22730M CDN$ for Revenue, -$0.86, $0.99 and $1.17 CDN$ for EPS, 
$1.79, $2.88 and $3.23 CDN$ for CFPS and -$1334M, $1226M and $1308M CDN$ for Net Income./td>
November 10, 2018.  Last estimates were for $17506M, $17951M and $19717M CDN$ Revenue, $2.70, $0.24 and 0.62 CDN$ EPS, 
$2.60, $2.14 and $2.59 for CFPS CDN$, $35 and $512 Net Income CDN$ for 2017 and 2018.
November 16, 2017.  Last estimates were for 2016, 2017 and 2018 of $11958M, $14323M and $14.396M for Revenue, -$0.72, $0.04 and $0.59 for EPS, 
$1.51, $2.14 and $2.72 for CFPS, -$574M, $35M and $512M for Net Income.
November 13, 2016.  Last estimates were for 2015, 2016 and 2017 of $13219M, $13972M and $14999M for Revenue, $1.07, -$0.13 and $0.48 for EPS, 
$2.23, $2.21 and $2.94 for CFPS and $927M, -$37M and $415M for Net Income.
November 18, 2015.  Last estimates were for 2014, 2015 and 2016 of $20261M, $19639M and $19850M for Revenue, $1.93, $1.70 and $1.65 for EPS, 
$5.00, $4.61 and 4.91 for CFPS and $1482M, $1373M and $1352M for Net Income. 
November 8, 2014.  Last estimates were for 2013, 2014 and 2015 of $17917M, $16900M and $17290M CDN$, $1.70, $1.90 and $2.04 for EPS, $4.21, $4.32 and $4.64 for CFPS.
November 17, 2013.  Last estamtes were for 2012 and 2013 of $16961 and 16183M for Revewnue $$2.02 and $2.20 for EPS.
Nov 12, 2012.  The last estimates were for 2011 and 2012 of $14.290M and $14.948M CDN$. $1.80 and $2.25 EPS CDN$ amd $4.15 and $4.42 CDN$ CF.
Oct 2011.  Last I looked I got esitamtes for 2010 and 2011 of $1.35 and $1.65 for Earnings and $3.20 and $4.13 for Cash Flow.
Oct 2010 NOTE:  for changes in 2009, I did not adjust ROE lines to the end of the spreadsheet.  ROE is simply net income over book value so it is a relative value.  I was not looking for increase in net income
 over a period of time.  Also, note that Cenovus Engergy is reporting in CDNS and I used these reports.  I put the original ECA spreadsheet into Old_Research_portfolio file.
I was reading the split and the company looked at it as a 50/50 split, but the market not quite so simple.  However, I am dealing with the split as 50/50.
On November 30, 2009 stock worth $56.57.  On Dec 2nd, shares worth $56.43.  On Dec 3rd, worth 28.81.  Stock did not fall until Dec 3rd.
This company split into two companies in the later part of 2009. A a special resolution was approved on the Arrangement to divide the Corporation into two 
highly focused and independent, publicly traded companies - Encana Corporation and Cenovus Energy Inc.
Oct 10, 2010.  When I last looked at this company, I got 2009 and 2010 estimates of $3.80 and $3.00 for earnings and $10 and $9 for CF in US$.
May 13, 2008, since I last looked at this stock, the CDN US currency gap as narrowed.  This shows up in the dividend being lower in CDN$.
Apr 11 2009 AR 2008
AP 2007.  It has of course done very well as it is in Oil.  I have done well and will do so while oil is high.
AP 2006.  TD still rates this a buy.  I have done well with this stock, but lets face it, I only have 100 shares so it is not going to affect much.
AP 2005. TD Newcrest is still rating this a buy.  I have very little into resources.  Good to hold for now.
I think I can make money on this stock.  They can make a profit.
Called Alberta Energy Co. - to 2001
I do not know where I got 2001 figures from, all reports seem different from mine.
Split 2009 value of shares
bacically halfed all values and kept shares same value. This should make spreadsheet correct for past values.
Sector
Energy, Resources
What should this stock accomplish?
Personally, I buy resource stocks when they are low and sell when they are high.  Rsecource stocks always are boom and bust and it is always best to buy at bust times.
Would I buy this company and Why.
If I wanted to buy a resource stock, I would consider this one.  
Why I bought & sold this stock.
I do not own this stock of Cenovus Energy but I used to. I had held this stock previously as Alberta Energy Company from April 2000 until August 2002 and made some 18% total returns per year.    
Why am I following this stock. 
I had held this stock previously as Alberta Energy Company from April 2000 until August 2002.     
Why am I following this stock. 
This is another stock that was talked about at the 2010 Money Show in Toronto.  There were those who liked oil companies and they mentioned both Suncor Energy Inc. (TSX-SU) and Cenovus 
Energy Inc. (TSX-CVE).  This company was split off from EnCana (TSX-ECA) in 2009.   My spreadsheet reflects this split.  I was also following Alberta Energy Co. (TSX-AEC) into EnCana. 
Dividends
Third cycle dividends.  Dividends are paid near the end of the months of March, June, September and December. Dividends are declared for shareholders of record in one month and paid in that month.
For example dividends declared for shareholders of record of March 15, 2013 were paid on March 28, 2013.
How they make their money
Cenovus Energy Inc is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, 
natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S.   The company had upstream projects across Western Canada; crude oil production and natural gas and 
NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.
Alberta Energy Company Ltd. (AEC) and PanCanadian Energy Corporation (PanCanadian) companies merged to form EnCana in April 2002. EnCana split into EnCana and Cenovus (Nov 2009).
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
On Nov 22 2013
Selling last 30 days
Officers - sale price
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2016 Nov 16 2017 Nov 10 2018 Nov 11 2019 Nov 06 2020 Oct 24 2021 Oct 28 2022 Oct 28 2023 Oct 24 2024 Was CFO, in 2021 COO
McKenzie, Jonathan 0.000 0.00% 0.102 0.01% 0.129 0.01% 0.255 0.01% 0.433 0.02% 0.585 0.03% 0.937 0.05% CEO 2023 60.24%
CEO - Shares - Amount $0.000 $1.343 $1.003 $3.950 $11.371 $15.672 $21.486
Options - percentage 0.602 0.05% 1.139 0.09% 1.803 0.15% 2.550 0.13% 0.865 0.05% 1.184 0.06% 1.652 0.09% 39.54%
Options - amount $5.784 $15.031 $13.972 $39.546 $22.722 $31.728 $37.878
Sandhar, Karamjit Singh 0.079 0.00% 0.101 0.01% 0.138 0.01% 37.30%
CFO - Shares - Amount $2.082 $2.700 $3.172
Options - percentage 0.445 0.02% 0.423 0.02% 0.576 0.03% 36.37%
Options - amount $11.678 $11.329 $13.218
Hart, Jeffery Ryan 0.040 0.00% 0.049 0.00% 0.049 0.00% Was CFP, Now Corp & -100.00%
Officer- Shares - Amount $0.623 $1.282 $1.326 Operations Serv. 2023
Options - percentage 0.698 0.03% 0.519 0.03% 0.512 0.03% -100.00%
Options - amount $10.823 $13.626 $13.717
Anderson-Olney, Susan Mary 0.010 0.00% 0.010 0.00% 0.113 0.01% 1001.16%
Officer - Shares - Amount $0.256 $0.275 $2.593
Options - percentage 0.162 0.01% 0.175 0.01% 0.189 0.01% 7.53%
Options - amount $4.246 $4.699 $4.323
Ruste, Ivor Melvin 0.01% 0.063 0.01% ceased insider Apr 2018
CFO - Shares - Amount $1.031 $0.728
Options - percentage 0.14% 1.409 0.11%
Options - amount $24.235 $16.174
Chiasson, Keith 0.068 0.01% 0.099 0.00% 0.115 0.01% 0.129 0.01% 0.158 0.01% 22.66%
Officer - Shares - Amount $0.524 $1.533 $3.027 $3.463 $3.634
Options - percentage 0.860 0.07% 1.191 0.06% 0.922 0.05% 0.948 0.05% 0.556 0.03% -41.38%
Options - amount $6.665 $18.472 $24.215 $25.408 $12.743
Chhina, Harbir Singh 0.05% 0.526 0.04% 0.529 0.04% 0.533 0.04% 0.536 0.04% Filed last 2019
Officer - Shares - Amount $8.595 $6.036 $5.078 $7.031 $4.154 Ceased insider Jan 2021
Options - percentage 0.18% 1.854 0.15% 2.062 0.17% 2.243 0.18% 2.375 0.19%
Options - amount $31.241 $21.285 $19.799 $29.603 $18.404
not found 2018
Brannan, John
Officer - Shares - Amount
Options - percentage
Options - amount
Kvisle, Harold N. 0.132 0.01% 0.149 0.01% 0.149 0.01% 0.149 0.01% Ceased insider May 2024 -100.00%
Director - Shares - Amount $1.023 $2.311 $3.914 $3.993
Options - percentage 0.036 0.00% 0.059 0.00% 0.085 0.00% 0.099 0.01% -100.00%
Options - amount $0.280 $0.913 $2.240 $2.645
Crothers, Michael John 0.003 0.00% #DIV/0!
Director - Shares - Amount $0.070
Options - percentage 0.013 0.00% #DIV/0!
Options - amount $0.293
Casey Keith Michael 0.018 0.00% 0.018 0.00% 0.018 0.00% 0.00%
Director - Shares - Amount $0.465 $0.474 $0.406
Options - percentage 1.202 0.06% 0.057 0.00% 0.070 0.00% 22.23%
Options - amount $31.587 $1.540 $1.611
Cunningham, Ralph Sanford Ceased to be insider
Director - Shares - Amount on April 27, 2016
Options - percentage
Options - amount
Pourbaix, Alex 0.427 0.03% 0.510 0.04% 0.629 0.05% 0.694 0.06% 0.786 0.04% 1.202 0.06% 1.278 0.07% 1.437 0.08% Used to be CEO, Chair 2023 12.43%
Chairman - Shares - Amount $4.902 $4.891 $8.309 $5.375 $12.191 $31.587 $34.249 $32.945
Options - percentage 0.942 0.08% 2.167 0.18% 3.399 0.28% 5.269 0.43% 6.998 0.35% 3.849 0.20% 4.071 0.22% 2.485 0.13% -38.96%
Options - amount $10.815 $20.805 $44.867 $40.837 $108.546 $101.100 $109.103 $56.979
MacPhail, Keith A. J. 0.346 0.03% 0.480 0.04% 0.616 0.03% 0.696 0.04% Appointed Chairman 2020
Chairman - Shares - Amt $4.567 $3.720 $9.554 $18.284 Ceased inside Apr 2023
Options - percentage 0.032 0.00% 0.056 0.00% 0.074 0.00% 0.106 0.01%
Options - amount $0.424 $0.434 $1.151 $2.787
Mongeau, Claude 0.339 0.02% 0.339 0.02% 0.347 0.02% 2.26%
Leader Independent Dir- Shares - Amt/td> $8.919 $9.098 $7.961
Options - percentage 0.127 0.01% 0.135 0.01% 0.150 0.01% 11.22%
Options - amount $3.343 $3.606 $3.431
Grandin, Michael Anthony 0.01%
Chairman - Shares - Amt $2.499
Options - percentage 0.02%
Options - amount $3.267
Increase in O/S Shares 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.038 0.00% 0.042 0.00% 0.535 0.03% 11.069 0.58% 3.679 0.20% Yes 0 for 2015, 2018. 2019
due to SO $0.000 $0.000 $0.000 $0.000 $0.365 $0.326 $8.298 $290.783 $98.597
Book Value $0.000 $0.000 $0.000 $0.000 $0.000 $0.398 $7.000 $170.000 $58.000
Insider Buying -$0.030 -$6.745 -$1.798 -$4.943 -$3.007 -$4.827 -$7.573 -$6.138 -$11.372
Insider Selling $0.556 $0.001 $0.014 $0.189 $0.000 $0.037 $127.381 $51.299 $92.225
Net Insider Selling $0.526 -$6.745 -$1.784 -$4.754 -$3.007 -$4.790 $119.808 $45.161 $80.853
% of Market Cap 0.00% -0.05% -0.02% -0.03% -0.03% -0.02% 0.24% 0.09% 0.19%
Directors 11 12 12 11 12 12 12 13
Women 18% 2 18% 2 17% 3 25% 3 27% 3 25% 3 25% 4 33% 4 31%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 2 17% 2 17% 1 8% 1 8%
Institutions/Holdings 43.76% 473 61.99% 487 61.99% 20 20 116.06% 20 79.39% 20 37.82% 20 61.15% Does not make sense
Total Shares Held 9.69% 761.691 61.99% 783.954 63.80% 1,122.240 91.33% 1,426.119 116.05% 1,532.978 76.60% 717.291 38.32% 1,135.043 60.64% and funds have 309M
Increase/Decrease 1.52% 6.255 0.83% 3.378 0.43% 0.432 0.04% 8.626 0.61% 4.915 0.32% -105.625 -12.84% -69.775 -5.79%
Starting No. of Shares Reuters 755.436 Reuters 780.576 Reuters 1,121.808 Top 20 1,417.493 Top 20 1,528.063 Top 20 822.916 Top 20 1,204.818 Top 20 61.15% Institutions
26.61% Funds
87.76%
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