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.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ Q2 2023
Cenovus Energy Inc TSX: CVE NYSE: CVE https://www.cenovus.com/ Fiscal Yr: Dec 31 6/30/23
Year 12/31/10 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 12/30/24 12/30/25 Value Description #Y Item Total G Curr
Accounting Rules C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Currency Exchange Rate 0.9970 1.0213 0.9968 1.0636 1.1601 1.3847 1.3427 1.2545 1.3642 1.2988 1.2732 1.2678 1.3544 1.3825 1.3825 1.3825
Reporting Currency
split
AEC to ECA
$40,526 <-12 mths -17.95%
Revenue before Royalties $13,129 $15,847 $17,284 $17,857 $17,332 $9,538 $9,147 $13,802 $15,679 $16,441 $10,675 $38,501 $52,987 206.57% <-Total Growth 10 Revenue before Royalties US$
Rev US$ pre 09
Revenue  US$ $12,679.0 $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 $40,775 $44,864 $40,035 192.34% <-Total Growth 10 Revenue US$
Increase 15.6% 21.2% 9.9% 3.8% -3.5% -44.3% -4.2% 50.3% 12.5% 1.7% -33.1% 252.0% 35.1% -17.4% 10.0% -10.8% 11.32% <-IRR #YR-> 10 Revenue 192.34% US$
5 year Running Average $11,324 $12,806 $14,101 $14,690 $15,883 $15,234 $13,968 $13,306 $12,853 $12,575 $12,766 $18,271 $25,433 $30,532 $36,397 $42,326 29.45% <-IRR #YR-> 5 Revenue 263.57% US$
Revenue per Share $16.85 $20.42 $22.35 $23.20 $22.36 $11.32 $10.84 $11.06 $12.43 $12.64 $8.45 $18.27 $25.87 $21.36 $23.50 $20.97 6.08% <-IRR #YR-> 10 5 yr Running Average 80.36% US$
Increase 15.4% 21.2% 9.5% 3.8% -3.6% -49.4% -4.2% 1.9% 12.5% 1.7% -33.1% 116.1% 41.6% -17.4% 10.0% -10.8% 13.83% <-IRR #YR-> 5 5 yr Running Average 91.14% US$
5 year Running Average $15.00 $17.04 $18.73 $19.48 $21.04 $19.93 $18.02 $15.76 $13.60 $11.66 $11.09 $12.57 $15.54 $17.32 $19.49 $21.99 1.47% <-IRR #YR-> 10 Revenue per Share 15.74% US$
P/S (Price/Sales) Med 1.67 1.69 1.54 1.34 1.10 1.44 1.20 1.00 0.73 0.71 0.72 0.53 0.72 0.85 0.00 0.00 18.53% <-IRR #YR-> 5 Revenue per Share 134.00% US$
P/S (Price/Sales) Close 1.97 1.63 1.50 1.23 0.92 1.09 1.40 0.83 0.57 0.80 0.71 0.67 0.75 0.91 0.82 0.92 -1.85% <-IRR #YR-> 10 5 yr Running Average -17.07% US$
Revenue Net of Royalities in $M US$ P/S Med 20 yr  1.10 15 yr  1.10 10 yr  0.86 5 yr  0.72 -0.28% <-IRR #YR-> 5 5 yr Running Average -1.41% US$
-$16,896 $0 $0 $0 $0 $0 $0 $0 $0 $0 $49,392
-$13,585 $0 $0 $0 $0 $49,392
-$14,101 $0 $0 $0 $0 $0 $0 $0 $0 $0 $25,433
-$13,306 $0 $0 $0 $0 $25,433
-$22.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $25.87
-$11.06 $0.00 $0.00 $0.00 $0.00 $25.87
-$18.73 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $15.54
-$15.76 $0.00 $0.00 $0.00 $0.00 $15.54
$56,027 <-12 mths -16.25%
Revenue before Royalties $13,090 $16,185 $17,229 $18,993 $20,107 $13,207 $12,282 $17,314 $21,389 $21,353 $13,591 $48,811 $71,765 316.54% <-Total Growth 10 Revenue before Royalties CDN$
Change 23.6% 6.5% 10.2% 5.9% -34.3% -7.0% 41.0% 23.5% -0.2% -36.4% 259.1% 47.0% 8.1% <-Median-> 10
Rev* CDN Pre 09 CDN$
Revenue less Royalities* CDN $12,641 $15,696 $16,842 $18,657 $19,642 $13,064 $12,134 $17,043 $20,844 $20,181 $13,227 $46,357 $66,897 $56,371 $62,025 $55,348 297.20% <-Total Growth 10 Revenue CDN$
Change 9.8% 24.2% 7.3% 10.8% 5.3% -33.5% -7.1% 40.5% 22.3% -3.2% -34.5% 250.5% 44.3% -15.7% 10.0% -10.8% 14.79% <-IRR #YR-> 10 Revenue 297.20% CDN$
5 year Running Average $12,319 $13,603 $14,912 $15,071 $16,696 $16,780 $16,068 $16,108 $16,545 $16,653 $16,686 $23,530 $33,501 $15,953 $48,975 $57,400 31.45% <-IRR #YR-> 5 Revenue 292.52% CDN$
Revenue per Share $16.79 $20.85 $22.28 $24.68 $25.94 $15.68 $14.56 $13.87 $16.96 $16.42 $10.76 $23.16 $35.04 $29.53 $32.49 $28.99 8.43% <-IRR #YR-> 10 5 yr Running Average 124.66% CDN$
Increase 9.56% 24.17% 6.85% 10.75% 5.13% -39.57% -7.12% -4.75% 22.30% -3.18% -34.46% 115.21% 51.26% -15.73% 10.03% -10.77% 15.77% <-IRR #YR-> 5 5 yr Running Average 107.98% CDN$
5 year Running Average $16.32 $18.10 $19.81 $19.99 $22.11 $21.89 $20.63 $18.95 $17.40 $15.50 $14.52 $16.24 $20.47 $22.98 $26.20 $29.84 4.63% <-IRR #YR-> 10 Revenue per Share 57.25% CDN$
P/S (Price/Sales) Med 1.73 1.65 1.57 1.27 1.04 1.32 1.28 1.06 0.69 0.73 0.74 0.51 0.67 0.84 0.00 0.00 20.36% <-IRR #YR-> 5 Revenue per Share 152.63% CDN$
P/S (Price/Sales) Close 1.98 1.59 1.49 1.23 0.92 1.12 1.39 0.83 0.57 0.80 0.72 0.67 0.75 0.91 0.82 0.92 0.33% <-IRR #YR-> 10 5 yr Running Average 3.32% CDN$
*Revenue Net of Royalities CDN $M (ACE to end 2001) P/S Med 20 yr  1.37 15 yr  1.27 10 yr  0.89 5 yr  0.69 2.19% Diff M/C 1.56% <-IRR #YR-> 5 5 yr Running Average 8.05% CDN$
-$16,842 $0 $0 $0 $0 $0 $0 $0 $0 $0 $66,897
-$17,043 $0 $0 $0 $0 $66,897
-$14,912 $0 $0 $0 $0 $0 $0 $0 $0 $0 $33,501
-$16,108 $0 $0 $0 $0 $33,501
-$22.28 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $35.04
-$13.87 $0.00 $0.00 $0.00 $0.00 $35.04
-$19.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $20.47
-$18.95 $0.00 $0.00 $0.00 $0.00 $20.47
$8,591 <-12 mths -21.74%
$4.37 <-12 mths -20.11%
AFFO Amount* $1,691 $1,423 $2,914 $1,674 $3,702 $147 $7,248 $10,978 #DIV/0! <-Total Growth 7 FFO Amount* CDN$
AFFO per Share Basic* $2.07 $1.71 $2.64 $1.36 $3.01 $0.12 $0.59 $5.63
AFFO per Share Diluted* $2.07 $1.71 $2.64 $1.36 $3.01 $0.12 $3.54 $5.47 $4.45 $5.65 #DIV/0! <-Total Growth 7 FFO per Share* #DIV/0! CDN$
Increase -17.39% 54.39% -48.48% 121.32% -96.01% 2850.00% 54.52% -18.65% 26.97% 8 0 8 Years of Data, AFFP, P or N 100.00% CDN$
5 year Running Average $2.16 $1.77 $2.13 $2.70 $3.32 $3.85 14.89% <-IRR #YR-> 7 FFO #DIV/0! CDN$
FFO Yield 11.83% 8.42% 23.00% 14.17% 22.80% 1.55% 22.82% 20.82% 16.60% 21.08% 15.68% <-IRR #YR-> 5 FFO -100.00% CDN$
Payout Ratio 41.18% 11.70% 7.58% 14.71% 7.06% 52.08% 2.47% 6.40% 11.80% 9.91% -54.13% <-IRR #YR-> 3 5 yr Running Average #DIV/0! CDN$
5 year Running Average 16.44% 18.62% 16.78% 16.54% 15.96% 16.53% -54.13% <-IRR #YR-> 3 5 yr Running Average -9.45% CDN$
Price/FFO Median 10.03 10.87 5.58 8.60 4.00 66.04 3.37 4.32 5.58 0.00 7.09 <-Median-> 8 Price/FFO Median CDN$
Price/FFO High 12.36 12.43 7.75 10.76 4.65 113.17 4.67 5.66 6.52 0.00 9.26 <-Median-> 8 Price/FFO High CDN$
Price/FFO Low 7.69 9.31 3.41 6.43 3.34 18.92 2.07 2.98 4.64 0.00 4.92 <-Median-> 8 Price/FFO Low CDN$
Price/FFO Close 8.45 11.87 4.35 7.06 4.39 64.58 4.38 4.80 6.02 4.74 5.93 <-Median-> 8 Price/FFO Close CDN$
Trailing P/FFO Close 9.81 6.71 3.64 9.71 2.57 129.25 7.42 4.90 6.02 7.42 <-Median-> 7 Trailing P/FFO Close CDN$
Median Values DPR 10 Yrs 9.64% 5 Yrs   7.06% P/CF 5 Yrs   in order 4.32 5.66 3.34 4.80 39.50% Diff M/C DPR 75% to 95% best CDN$
* Adjusted Funds Flow
-$2.07 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.47
-$2.64 $0.00 $0.00 $0.00 $0.00 $5.47
-$2.16 $0.00 $0.00 $0.21
-$2.16 $0.00 $0.00 $0.21
$4,348 <-12 mths -40.19%
$2.21 <-12 mths -39.01%
FFO Amount* $2,412 $3,276 $3,643 $4,484 $3,479 $1,691 $1,423 $2,914 $1,674 $2,494 -$724 $4,685 $7,270 99.56% <-Total Growth 10 FFO Amount* CDN$
FFO per Share* $3.20 $4.32 $4.80 $4.76 $4.59 $2.07 $1.64 $2.64 $1.36 $2.03 -$0.59 $2.32 $3.62 $2.21 <-12 mths -24.50% <-Total Growth 10 FFO per Share* -2.45% CDN$
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% -39.01% <-12 mths 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 $1.92 <-12 mths -2.77% <-IRR #YR-> 10 FFO 99.56% CDN$
FFO Yield 9.62% 13.01% 14.42% 15.66% 19.15% 11.83% 8.09% 23.02% 14.19% 15.37% -7.60% 14.98% 13.80% 8.25% <-12 mths 6.52% <-IRR #YR-> 5 FFO 149.49% CDN$
Payout Ratio 25.00% 20.37% 18.33% 20.34% 23.20% 41.18% 12.18% 7.57% 14.69% 10.48% -10.61% 3.77% 9.66% 23.75% <-12 mths -53.22% <-IRR #YR-> 8 5 yr Running Average -4.33% CDN$
5 year Running Average 5.00% 9.07% 12.74% 16.81% 21.45% 24.68% 23.04% 20.89% 19.76% 17.22% 6.86% 5.18% 5.60% 7.41% <-12 mths -46.48% <-IRR #YR-> 5 5 yr Running Average -40.08% CDN$
Price/FFO Median 9.06 7.98 7.27 6.56 5.88 10.03 11.32 5.57 8.58 5.93 -13.45 5.13 6.52 11.24 <-12 mths 6.22 <-Median-> 10 Price/FFO Median CDN$
Price/FFO High 10.40 9.31 8.19 7.10 7.56 12.36 12.94 7.74 10.75 6.91 -23.05 7.11 8.54 13.13 <-12 mths 7.65 <-Median-> 10 Price/FFO High CDN$
Price/FFO Low 7.72 6.66 6.36 6.03 4.20 7.69 9.69 3.41 6.42 4.95 -3.85 3.15 4.49 9.34 <-12 mths 4.72 <-Median-> 10 Price/FFO Low CDN$
Price/FFO Close 10.40 7.69 6.94 6.39 5.22 8.45 12.36 4.34 7.05 6.51 -13.15 6.67 7.25 12.13 <-12 mths 6.59 <-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 <-12 mths 5.68 <-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 6.67 104.56% Diff M/C DPR 75% to 95% best CDN$
* Free Funds Flow
-$4.80 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.62
-$2.64 $0.00 $0.00 $0.00 $0.00 $3.62
-$4.33 -$4.11 -$3.57 -$3.14 $0.00 $0.00 $0.00 $0.00 $0.14
-$3.14 $0.00 $0.00 $0.00 $0.00 $0.14
$1.43 <-12 mths -85.81%
pre split 2005
EPS* US$ pre 09
EPS Basic US$ $1.32 $1.92 $1.32 $0.83 $0.84 $0.54 -$0.48 $2.43 -$1.59 $1.37 -$1.52 $0.21 $2.43 83.44% <-Total Growth 10 EPS Basic US$
pre split 2005
EPS* US$ pre 09
EPS Diluted* US$ $1.32 $1.91 $1.31 $0.82 $0.84 $0.54 -$0.48 $2.43 -$1.59 $1.37 -$1.52 $0.21 $2.36 $1.76 $2.22 $2.09 79.78% <-Total Growth 10 EPS Diluted US$
Increase 27.55% 44.21% -31.17% -37.76% 3.27% -35.88% -189.38% 602.22% -165.43% 186.16% -211.18% 113.98% 1009.40% -25.61% 26.34% -5.86% 7 3 10 Years of Data, EPS P or N US$
Earnings Yield 4.0% 5.8% 3.9% 2.9% 4.1% 4.4% -3.2% 26.6% -22.6% 13.5% -25.2% 1.7% 12.2% 9.1% 11.5% 10.8% 6.04% <-IRR #YR-> 10 Earnings per Share 79.78% US$
5 year Running Average $2.40 $2.13 $1.89 $1.28 $1.24 $1.09 $0.61 $0.83 $0.35 $0.45 $0.04 $0.18 $0.17 $0.84 $1.01 $1.73 -0.57% <-IRR #YR-> 5 Earnings per Share -2.82% US$
10 year Running Average $1.73 $1.87 $1.88 $1.91 $1.88 $1.74 $1.37 $1.36 $0.81 $0.85 $0.56 $0.39 $0.50 $0.59 $0.73 $0.88 -21.55% <-IRR #YR-> 10 5 yr Running Average -73.45% US$
*Fully diluted EPS E/P 10 Yrs 3.48% 5Yrs 1.73% -27.50% <-IRR #YR-> 5 5 yr Running Average -63.30% US$
-$1.31 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.36
-$2.43 $0.00 $0.00 $0.00 $0.00 $2.36
-$1.89 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.17
-$0.83 $0.00 $0.00 $0.00 $0.00 $0.17
$1.98 <-12 mths -38.13%
pre split 2005
EPS* CDN$ pre 09
EPS Basic CND$ $1.32 $1.96 $1.32 $0.88 $0.98 $0.75 -$0.65 $3.05 -$2.17 $1.78 -$1.94 $0.27 $3.29 149.24% <-Total Growth 10 EPS Basic CDN$
pre stock exch 02
pre split 2005
EPS* CDN$ pre 09
EPS Diluted* CDN$ $1.32 $1.95 $1.31 $0.87 $0.98 $0.75 -$0.65 $3.05 -$2.17 $1.78 -$1.94 $0.27 $3.20 $2.43 $3.07 $2.89 144.27% <-Total Growth 10 EPS Diluted CDN$
Increase 21.10% 47.73% -32.82% -33.59% 12.64% -23.47% -186.67% 569.23% -171.15% 182.03% -208.99% 113.92% 1085.19% -24.06% 26.34% -5.86% 7 3 10 Years of Data, EPS P or N CDN$
Earnings Yield 4.0% 5.9% 3.9% 2.9% 4.1% 4.3% -3.2% 26.6% -22.6% 13.5% -25.0% 1.7% 12.2% 9.1% 11.5% 10.8% 9.34% <-IRR #YR-> 10 Earnings per Share 144.27% CDN$
5 year Running Average $2.68 $2.31 $2.07 $1.31 $1.29 $1.17 $0.65 $1.00 $0.39 $0.55 $0.01 $0.20 $0.23 $1.15 $1.41 $2.37 0.96% <-IRR #YR-> 5 Earnings per Share 4.92% CDN$
10 year Running Average $2.04 $2.15 $2.09 $2.12 $2.07 $1.93 $1.48 $1.54 $0.85 $0.92 $0.59 $0.43 $0.61 $0.77 $0.98 $1.19 -19.81% <-IRR #YR-> 10 5 yr Running Average -89.01% CDN$
*Fully diluted EPS E/P 10 Yrs 3.48% 5Yrs 1.74% -25.60% <-IRR #YR-> 5 5 yr Running Average -77.20% CDN$
-$1.31 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.20
-$3.05 $0.00 $0.00 $0.00 $0.00 $3.20
-$2.07 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.23
-$1.00 $0.00 $0.00 $0.00 $0.00 $0.23
Dividend US$ $0.39 $0.43 $0.53 Estimates Dividend US$
Increase 51.15% 11.11% 21.67% Estimates Increase
Payout Ratio EPS 22.22% 19.54% 25.26% 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 $0.00 $0.09
Actual US$ $0.78 $0.80 $0.87 $0.94 $0.95 $0.71 $0.15 $0.15 $0.15 $0.16 $0.06 $0.31 $0.26 -62.91% <-Total Growth 10 Actual From CVE  Site
Special Dividends US$ $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.08 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
pre split 2005
Div US$ pre 09 US$
Dividend US$ $0.80 $0.86 $0.88 $0.91 $0.92 $0.62 $0.15 $0.16 $0.15 $0.16 $0.05 $0.07 $0.26 $0.38 $0.41 $0.41 -70.73% <-Total Growth 10 Dividends US$
Increase 5.33% 7.38% 2.46% 3.09% 0.85% -32.93% -75.80% 7.03% -8.04% 11.60% -70.00% 40.60% 274.42% 46.95% 6.67% 0.00% 20 8 30 Years of data Count P, N US$
Average Increases 5 Year Running 47.35% 42.16% 22.65% 3.27% 3.82% -3.83% -20.47% -19.55% -21.78% -19.63% -27.04% -3.76% 49.72% 60.71% 59.73% 73.73% -11.69% <-Median-> 10 Average Incr 5 Year Running US$
Dividends 5 Yr Running $0.58 $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 $0.25 $0.32 -81.13% <-Total Growth 10 Dividends 5 Yr Running US$
Yield H/L Price 2.85% 2.50% 2.56% 2.94% 3.74% 3.77% 1.14% 1.44% 1.62% 1.83% 0.81% 0.71% 1.38% 2.09% 1.53% <-Median-> 10 Yield H/L Price US$
Yield on High  Price 2.41% 2.14% 2.23% 2.66% 2.82% 2.98% 0.91% 1.04% 1.31% 1.57% 0.47% 0.51% 1.05% 1.79% 1.18% <-Median-> 10 Yield on High  Price US$
Yield on Low Price 3.47% 2.99% 3.01% 3.28% 5.55% 5.13% 1.53% 2.34% 2.12% 2.18% 2.99% 1.20% 2.05% 2.51% 2.26% <-Median-> 10 Yield on Low Price US$
Yield on Close Price 2.41% 2.60% 2.63% 3.18% 4.45% 4.99% 0.98% 1.75% 2.09% 1.61% 0.81% 0.56% 1.33% 1.96% 2.09% 2.09% 1.68% <-Median-> 10 Yield on Close Price US$
Payout Ratio EPS 60.61% 45.13% 67.18% 111.26% 108.65% 113.65% 0.00% 6.56% 0.00% 11.94% 0.00% 32.41% 14.50% 21.60% 18.24% 19.38% 13.22% <-Median-> 10 DPR EPS US$
DPR EPS 5 Yr Running 24.37% 33.79% 43.34% 65.88% 70.45% 77.16% 114.53% 66.29% 114.09% 54.40% 328.51% 65.28% 92.69% 24.02% 24.76% 18.53% 73.80% <-Median-> 10 DPR EPS 5 Yr Running US$
Payout Ratio CFPS 23.21% 20.24% 19.45% 20.68% 22.86% 48.19% 19.36% 8.03% 11.41% 7.95% 28.13% 2.96% 5.86% 10.71% 9.24% 9.02% 15.38% <-Median-> 10 DPR CF US$
DPR CF 5 Yr Running 12.46% 15.78% 18.71% 20.57% 21.17% 22.65% 23.17% 22.11% 21.31% 16.74% 10.65% 7.50% 7.51% 8.02% 8.39% 8.36% 20.87% <-Median-> 10 DPR CF 5 Yr Running US$
Payout Ratio CFPS WC 24.93% 20.22% 18.26% 20.28% 23.17% 42.00% 11.71% 8.43% 14.68% 7.01% 52.25% 2.46% 6.12% 10.71% 9.24% 9.02% 13.20% <-Median-> 10 DPR CF WC US$
DPR CF WC 5 Yr Running 13.87% 16.00% 18.72% 20.67% 21.07% 22.03% 21.69% 21.04% 20.74% 15.51% 10.13% 7.24% 7.38% 7.73% 8.28% 8.24% 20.71% <-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 11.94% 7.95% 7.01% 10.14% <-IRR #YR-> 5 Dividends 62.09% US$
* Dividends per share  10 Yr Med and Cur. 36.78% 24.67% 5 Yr Med and Cur. 51.24% 57.23% Last Div Inc ---> $0.1600 $0.0500 -68.8% -11.56% <-IRR #YR-> 10 Dividends -70.73% US$
Dividends Growth 15 -2.68% <-IRR #YR-> 15 Dividends -33.46% US$
Dividends Growth 20 5.02% <-IRR #YR-> 20 Dividends 166.17% US$
Dividends Growth 25 7.13% <-IRR #YR-> 25 Dividends US$
Dividends Growth 30 7.05% <-IRR #YR-> 30 Dividends
Dividends Growth 5 -$0.16 $0.00 $0.00 $0.00 $0.00 $0.26 Dividends Growth 5
Dividends Growth 10 -$0.88 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.26 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 $0.26 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 $0.26 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 $0.26 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 $0.26 Dividends Growth 30
Historical Dividends Historical High Div 5.38% Low Div 0.48% 10 Yr High 5.51% 10 Yr Low 0.47% Med Div 1.83% Close Div 1.92% Historical Dividends CDN$
High/Ave/Median Values Curr diff Exp. -61.09%     336.11% Exp. -62.01% 345.39% Cheap 14.39% Cheap 9.27% High/Ave/Median  CDN$
Dividends* CDN$ $0.54 $0.60 $0.73 Estimates Dividends* CDN$
Increase 54.29% 11.11% 21.67% Estimates Increase
Payout Ratio EPS 22.22% 19.54% 25.26% 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 $0.00 $0.11 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends CDN$
AEC Div
pre split 2005
Dividends CDN$* $0.80 $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 $0.56 $0.56 -60.23% <-Total Growth 10 Dividends CDN$
Increase 0.00% 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% 6.67% 0.00% 13 6 30 Years of data Count P, N CDN$
Average Increases 5 Year Running 47.02% 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% 65.22% 79.33% -10.08% <-Median-> 10 Average Incr 5 Year Running CDN$
Dividends 5 Yr Running $0.63 $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 $0.34 $0.44 -76.19% <-Total Growth 10 Dividends 5 Yr Running CDN$
Yield H/L Price 2.76% 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% 1.60% <-Median-> 10 Yield H/L Price CDN$
Yield on High  Price 2.40% 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% 1.25% <-Median-> 10 Yield on High  Price CDN$
Yield on Low Price 3.24% 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% 2.26% <-Median-> 10 Yield on Low Price CDN$
Yield on Close Price 2.40% 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% 2.09% 2.09% 1.68% <-Median-> 10 Yield on Close Price CDN$
Payout Ratio EPS 60.61% 45.13% 67.18% 111.26% 108.65% 113.65% 0.00% 6.56% 0.00% 11.94% 0.00% 32.41% 14.50% 21.60% 18.24% 19.38% 13.22% <-Median-> 10 DPR EPS CDN$
DPR EPS 5 Yr Running 23.55% 33.04% 41.57% 66.18% 71.43% 79.27% 121.63% 65.70% 128.43% 60.32% 1250.00% 77.02% 90.04% 23.55% 24.17% 18.52% 78.14% <-Median-> 10 DPR EPS 5 Yr Running CDN$
Payout Ratio CFPS 23.21% 20.24% 19.45% 20.68% 22.86% 48.19% 19.36% 8.03% 11.41% 7.95% 28.13% 2.96% 5.86% 10.71% 9.2% 9.0% 15.38% <-Median-> 10 DPR CF CDN$
DPR CF 5 Yr Running 12.30% 15.74% 18.44% 20.56% 21.21% 23.25% 23.79% 22.46% 21.51% 17.13% 10.71% 7.55% 7.56% 8.08% 8.45% 8.42% 20.89% <-Median-> 10 DPR CF 5 Yr Running CDN$
Payout Ratio CFPS WC 24.93% 20.22% 18.26% 20.28% 23.17% 42.00% 11.71% 8.43% 14.68% 7.01% 52.25% 2.46% 6.12% 10.71% 9.24% 9.02% 13.20% <-Median-> 10 DPR CF WC CDN$
DPR CF WC 5 Yr Running 13.75% 15.92% 18.43% 20.67% 21.12% 22.58% 22.12% 21.23% 20.86% 15.85% 10.18% 7.31% 7.45% 7.80% 8.35% 8.31% 20.76% <-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 11.94% 7.95% 7.01% 11.84% <-IRR #YR-> 5 Dividends 75.00% CDN$
* Dividends per share  10 Yr Med and Cur. 30.88% 24.67% 5 Yr Med and Cur. 40.99% 56.84% Last Div Inc ---> $0.1050 $0.1400 33.3% -8.81% <-IRR #YR-> 10 Dividends -60.23% CDN$
Dividends Growth 15 -0.61% <-IRR #YR-> 15 Dividends -8.79% CDN$
Dividends Growth 20 4.21% <-IRR #YR-> 20 Dividends 128.22% CDN$
Dividends Growth 25 6.90% <-IRR #YR-> 25 Dividends 430.66% CDN$
Dividends Growth 30 6.19% <-IRR #YR-> 30 Dividends CDN$
Historical Dividends Historical High Div 4.34% Low Div 0.53% 10 Yr High 5.50% 10 Yr Low 0.47% Med Div 1.45% Close Div 1.44% Historical Dividends CDN$
High/Ave/Median Values Curr diff Exp. -51.85%     294.26% Exp. -62.01% 344.59% Cheap 44.11% Cheap 44.96% High/Ave/Median  CDN$
Future Dividend Yield Div Yd 3.66% earning in 5 Years at IRR of 11.84% Div Inc. 75.00% Future Dividend Yield CDN$
Future Dividend Yield Div Yd 6.40% earning in 10 Years at IRR of 11.84% Div Inc. 206.25% Future Dividend Yield CDN$
Future Dividend Yield Div Yd 11.20% earning in 15 Years at IRR of 11.84% Div Inc. 435.94% Future Dividend Yield CDN$
Future Dividend Paid Div Paid $0.98 earning in 5 Years at IRR of 11.84% Div Inc. 75.00% Future Dividend Paid CDN$
Future Dividend Paid Div Paid $1.71 earning in 10 Years at IRR of 11.84% Div Inc. 206.25% Future Dividend Paid CDN$
Future Dividend Paid Div Paid $3.00 earning in 15 Years at IRR of 11.84% Div Inc. 435.94% Future Dividend Paid CDN$
Dividend Covering Cost Total Div $3.55 over 5 Years at IRR of 11.84% Div Cov. 13.23% Dividend Covering Cost CDN$
Dividend Covering Cost Total Div $8.77 over 10 Years at IRR of 11.84% Div Cov. 32.73% Dividend Covering Cost CDN$
Dividend Covering Cost Total Div $17.92 over 15 Years at IRR of 11.84% Div Cov. 66.86% Dividend Covering Cost CDN$
Yield if held 5 years 3.23% 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% 4.66% 7.07% 0.71% <-Median-> 10 Paid Median Price CDN$
Yield if held 10 years 8.85% 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% 2.08% 2.70% 0.78% <-Median-> 10 Paid Median Price CDN$
Yield if held 15 years 24.56% 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% 2.09% 1.93% 1.79% <-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% 3.78% 2.26% 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% 8.53% 6.19% 6.30% <-Median-> 6 Paid Median Price CDN$
Yield if held 30 years 15.87% 16.27% 16.88% 17.19% 15.87% <-Median-> 1 Paid Median Price
Cost covered if held 5 years 12.76% 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% 14.13% 27.72% 8.73% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 10 years 42.29% 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% 12.47% 14.80% 24.43% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 15 years 127.54% 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% 29.75% 26.62% 77.35% <-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% 70.71% 43.90% 175.61% <-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% 168.23% 127.61% 293.55% <-Median-> 6 Paid Median Price CDN$
Cost covered if held 30 years 472.29% 337.35% 342.85% 364.44% 472.29% <-Median-> 1 Paid Median Price
Yr  Item Tot. Growth Per Year
Revenue Growth  $17,043 $20,844 $20,181 $13,227 $46,357 $66,897 $56,371 <-12 mths -15.73% 292.52% <-Total Growth 5 Revenue Growth  292.52% 31.45%
FFO Growth $2.64 $1.36 $2.03 -$0.59 $2.32 $3.62 $2.21 <-12 mths -39.01% 37.11% <-Total Growth 5 FFO Growth 37.11% 6.52%
Net Income Growth $3,366 -$2,669 $2,194 -$2,379 $587 $6,450 $3,895 <-12 mths -39.61% 91.62% <-Total Growth 5 Net Income Growth 91.62% 13.89%
Cash Flow Growth $3,059 $2,154 $3,285 $273 $5,919 $11,403 $8,763 <-12 mths -23.15% 272.77% <-Total Growth 5 Cash Flow Growth 272.77% 30.10%
Dividend Growth $0.20 $0.20 $0.21 $0.06 $0.09 $0.35 $0.53 <-12 mths 50.00% 75.00% <-Total Growth 5 Dividend Growth 75.00% 11.84%
Stock Price Growth $11.48 $9.60 $13.20 $7.75 $15.51 $26.27 $26.80 <-12 mths 2.02% 128.83% <-Total Growth 5 Stock Price Growth 128.83% 18.01%
Revenue Growth  $16,842 $18,657 $19,642 $13,064 $12,134 $17,043 $20,844 $20,181 $13,227 $46,357 $66,897 $56,371 <-12 mths -15.73% 297.20% <-Total Growth 10 Revenue Growth  297.20% 14.79%
FFO Growth $4.80 $4.76 $4.59 $2.07 $1.64 $2.64 $1.36 $2.03 -$0.59 $2.32 $3.62 $2.21 <-12 mths -39.01% -24.50% <-Total Growth 10 FFO Growth -24.50% -2.77%
Net Income Growth $993 $662 $744 $618 -$545 $3,366 -$2,669 $2,194 -$2,379 $587 $6,450 $3,895 <-12 mths -39.61% 549.55% <-Total Growth 10 Net Income Growth 549.55% 20.58%
Cash Flow Growth $3,420 $3,539 $3,526 $1,474 $861 $3,059 $2,154 $3,285 $273 $5,919 $11,403 $8,763 <-12 mths -23.15% 233.42% <-Total Growth 10 Cash Flow Growth 233.42% 12.80%
Dividend Growth $0.88 $0.97 $1.06 $0.85 $0.20 $0.20 $0.20 $0.21 $0.06 $0.09 $0.35 $0.5 <-12 mths 50.00% -60.23% <-Total Growth 10 Dividend Growth -60.23% -8.81%
Stock Price Growth $33.29 $30.40 $23.97 $17.50 $20.30 $11.48 $9.60 $13.20 $7.75 $15.51 $26.27 $26.80 <-12 mths 2.02% -21.09% <-Total Growth 10 Stock Price Growth -21.09% -2.34%
Dividends on Shares $27.28 $30.01 $33.01 $26.42 $6.20 $6.20 $6.20 $6.59 $1.94 $2.71 $14.38 $16.28 $17.36 $17.36 $160.94 No of Years 11 Total Divs 12/31/12
Paid  $1,029.20 $1,031.99 $942.40 $743.07 $542.50 $629.30 $355.88 $297.60 $409.20 $240.25 $480.81 $814.37 $830.80 $830.80 $830.80 $814.37 No of Years 11 Worth $33.29 30.04
Total $975.31
Graham No. AFFO $30.96 $34.85 $37.43 $37.54 $37.28 $26.32 $22.67 $31.10 $20.87 $26.71 $24.91 $24.83 $34.32 $26.66 #VALUE! $0.00 -8.32% <-Total Growth 10 Graham Price AFFO CDN$
Price/GP Ratio Med 0.94 0.99 0.93 0.83 0.72 0.79 0.82 0.47 0.56 0.45 0.32 0.48 0.69 0.93 0.62 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 1.07 1.15 1.05 0.90 0.93 0.97 0.94 0.66 0.70 0.52 0.55 0.67 0.90 1.09 0.80 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 0.80 0.83 0.82 0.76 0.52 0.60 0.70 0.29 0.42 0.38 0.09 0.29 0.47 0.77 0.45 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 1.07 0.95 0.89 0.81 0.64 0.66 0.90 0.37 0.46 0.49 0.31 0.62 0.77 1.01 #VALUE! #DIV/0! 0.63 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 7.48% -4.74% -11.07% -19.01% -35.69% -33.50% -10.46% -63.08% -54.00% -50.57% -68.89% -37.53% -23.45% 0.54% #VALUE! #DIV/0! -36.61% <-Median-> 10 Graham Price CDN$
Graham No. last 3 EPS $28.75 $25.81 $20.60 $21.26 $20.41 $18.77 $16.47 $11.48 $18.33 $5.19 $16.47 $12.55 $3.45 $12.80 $25.14 $30.53 -83.24% <-Total Growth 10 Graham Price Last 3 EPS CDN$
Price/GP Ratio Med 1.01 1.34 1.69 1.47 1.32 1.11 1.13 1.28 0.64 2.32 0.48 0.95 6.84 1.94 0.00 0.00 1.21 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 1.16 1.56 1.91 1.59 1.70 1.36 1.29 1.78 0.80 2.70 0.82 1.32 8.97 2.27 0.00 0.00 1.48 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 0.86 1.11 1.48 1.35 0.94 0.85 0.97 0.78 0.48 1.93 0.14 0.58 4.72 1.61 0.00 0.00 0.90 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 1.16 1.29 1.62 1.43 1.17 0.93 1.23 1.00 0.52 2.54 0.47 1.24 7.61 2.09 1.07 0.88 1.20 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 22.80% 31.54% 64.91% 56.97% 20.65% -8.04% 12.40% 0.01% -36.57% 32.01% -95.94% 35.02% 70.76% 50.07% 5.27% -12.25% 16.52% <-Median-> 10 Graham Price CDN$
Graham No. EPS $19.89 $23.42 $19.55 $16.05 $17.22 $15.84 $30.89 $33.40 $23.86 $25.02 $9.09 $8.46 $32.25 $27.95 $31.42 $30.48 64.91% <-Total Growth 10 Graham Price EPS CDN$
Price/GP Ratio Med 1.46 1.47 1.79 1.95 1.57 1.31 0.60 0.44 0.49 0.48 0.87 1.41 0.73 0.89 0.80 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 1.67 1.72 2.01 2.11 2.01 1.62 0.69 0.61 0.61 0.56 1.49 1.95 0.96 1.04 1.23 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 1.24 1.23 1.56 1.79 1.12 1.01 0.52 0.27 0.37 0.40 0.25 0.86 0.50 0.74 0.51 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 1.67 1.42 1.70 1.89 1.39 1.10 0.66 0.34 0.40 0.53 0.85 1.83 0.81 0.96 0.85 0.88 0.83 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 67.35% 41.79% 70.24% 89.44% 39.17% 10.47% -34.29% -65.63% -59.77% -47.23% -14.72% 83.26% -18.54% -4.11% -14.69% -12.08% -16.63% <-Median-> 10 Graham Price CDN$
AEC to 2001
pre split 2005
Price Close CDN$ $33.28 $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 $26.80 $26.80 -21.09% <-Total Growth 10 Stock Price CDN$
Increase 32.06% -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% 0.00% 0.00% 17.71 <-Median-> 10 CAPE (10 Yr P/E) CDN$
P/E 25.21 17.03 25.41 34.94 24.46 23.33 -31.23 3.76 -4.42 7.42 -3.99 57.44 8.21 11.03 8.73 9.27 18.01% <-IRR #YR-> 5 Stock Price 128.83% CDN$
Trailing P/E 30.53 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 11.03 8.73 -2.34% <-IRR #YR-> 10 Stock Price -21.09% CDN$
CAPE (10 Yr P/E) 10.84 11.36 12.72 13.41 14.07 14.70 18.75 16.67 28.03 24.62 13.07 36.49 42.79 34.81 27.37 22.46 19.26% <-IRR #YR-> 5 Price & Dividend 181.98% CDN$
Median 10, 5 Yrs D.  per yr 1.42% 1.25% % Tot Ret 0.00% 6.50% T P/E 11.11 3.15 P/E:  7.81 7.42 -0.92% <-IRR #YR-> 10 Price & Dividend -8.14% CDN$
Price 15 D.  per yr 1.96% % Tot Ret 394.65% CAPE Diff -37.73% -1.46% <-IRR #YR-> 15 Stock Price -19.83% CDN$
Price  20 D.  per yr 2.95% % Tot Ret 41.93% 4.08% <-IRR #YR-> 20 Stock Price 122.43% CDN$
Price  25 D.  per yr 3.56% % Tot Ret 32.96% 7.24% <-IRR #YR-> 25 Stock Price 474.12% CDN$
Price  30 D.  per yr 3.45% % Tot Ret 30.39% 7.91% <-IRR #YR-> 30 Stock Price CDN$
Price & Dividend 15 0.50% <-IRR #YR-> 15 Price & Dividend 6.49% CDN$
Price & Dividend 20 7.02% <-IRR #YR-> 20 Price & Dividend 204.08% CDN$
Price & Dividend 25 10.80% <-IRR #YR-> 25 Price & Dividend 694.73% CDN$
Price & Dividend 30 11.36% <-IRR #YR-> 30 Price & Dividend CDN$
Price H/L Median CDN $28.99 $34.50 $34.91 $31.24 $26.99 $20.76 $18.59 $14.74 $11.69 $12.03 $7.93 $11.92 $23.62 $24.84 -32.35% <-Total Growth 10 Stock Price CDN$
Increase 8.4% 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% -3.83% <-IRR #YR-> 10 Stock Price -32.35% CDN$
P/E 21.96 17.69 26.65 35.91 27.54 27.67 -28.60 4.83 -5.39 6.76 -4.09 44.15 7.38 10.22 9.89% <-IRR #YR-> 5 Stock Price 60.26% CDN$
Trailing P/E 26.59 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 -2.42% <-IRR #YR-> 10 Price & Dividend CDN$
P/E on Run. 5 yr Ave 10.80 14.94 16.83 23.88 20.98 17.71 28.51 14.74 29.82 21.78 566.07 60.20 103.57 21.63 11.02% <-IRR #YR-> 5 Price & Dividend CDN$
P/E on Run. 10 yr Ave 14.21 16.02 16.69 14.75 13.04 10.77 12.56 9.59 13.75 13.08 13.36 28.05 38.46 32.25 15.02 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs D.  per yr 1.41% 1.12% % Tot Ret 0.00% 10.20% T P/E 12.82 3.83 P/E:  7.07 6.76 Count 31 Years of data
High Months Dec Apr/Jul Feb Jan Aug Feb Dec Jan Jul  Apr Jan Nov Jun Oct
AEC
pre split 2005
Price High CDN$ $33.28 $40.21 $39.31 $33.78 $34.68 $25.59 $21.26 $20.47 $14.64 $14.01 $13.58 $16.52 $30.95 $29.03 -21.27% <-Total Growth 10 Stock Price CDN$
Increase 4.79% 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% -2.36% <-IRR #YR-> 10 Stock Price -21.27% CDN$
P/E 25.2 20.6 30.0 38.8 35.4 34.1 -32.7 6.7 -6.7 7.9 -7.0 61.2 9.7 11.9 8.62% <-IRR #YR-> 5 Stock Price 51.20% CDN$
Trailing P/E 30.5 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 16.98 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 16.71 4.80 P/E:  8.77 7.87 34.76 P/E Ratio Historical High CDN$
-$39.31 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $30.95
-$20.47 $0.00 $0.00 $0.00 $0.00 $30.95
Low Months Jan  Nov Aug Apr Dec Aug Aug Jun Dec Feb Mar Jan Jan May
AEC
pre split 2005
Price Low pre 09
Price Low CDN$ $24.69 $28.78 $30.51 $28.70 $19.29 $15.92 $15.92 $9.00 $8.74 $10.04 $2.27 $7.32 $16.28 $20.64 -46.64% <-Total Growth 10 Stock Price CDN$
Increase 13.58% 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% -6.09% <-IRR #YR-> 10 Stock Price -46.64% CDN$
P/E 18.7 14.8 23.3 33.0 19.7 21.2 -24.5 3.0 -4.0 5.6 -1.2 27.1 5.1 8.5 12.59% <-IRR #YR-> 5 Stock Price 80.89% CDN$
Trailing P/E 22.7 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 12.81 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 9.56 1.28 P/E:  5.36 5.09 4.91 P/E Ratio Historical Low CDN$
-$30.51 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $16.28
-$9.00 $0.00 $0.00 $0.00 $0.00 $16.28
US$ from CDN$ stock price $33.38 $32.51 $33.40 $28.58 $20.66 $12.64 $15.12 $9.15 $7.04 $10.16 $6.09 $12.23 $19.40 $19.39 $19.39 $19.39
Price Close US$ $33.24 $33.20 $33.54 $28.65 $20.62 $12.34 $15.13 $9.13 $7.03 $10.15 $6.04 $12.28 $19.41 $19.35 $19.35 $19.35 -42.13% <-Total Growth 10 Stock Price US$
Increase 31.9% -0.1% 1.0% -14.6% -28.0% -40.2% 22.6% -39.7% -23.0% 44.4% -40.5% 103.3% 58.1% -0.3% 0.0% 0.0% 11.04 <-Median-> 10 CAPE (10 Yr P/E) US$
P/E 25.11 17.39 25.52 35.03 24.41 22.78 -31.25 3.76 -4.42 7.41 -3.96 57.66 8.22 11.01 8.71 9.26 16.28% <-IRR #YR-> 5 Stock Price 112.60% US$
Trailing P/E 32.02 25.08 17.57 21.80 25.21 14.61 27.93 -18.86 2.89 -6.38 4.41 -8.06 91.14 8.19 11.01 8.71 -5.32% <-IRR #YR-> 10 Stock Price -42.13% US$
CAPE (10 Yr P/E) 19.24 17.78 17.87 14.99 11.00 7.08 11.08 6.72 8.63 11.97 10.73 31.21 38.95 32.67 26.51 21.87 17.50% <-IRR #YR-> 5 Price & Dividend 121.04% US$
Median 10, 5 Yrs D.  per yr 1.25% 1.22% % Tot Ret 0.00% 6.95% T P/E 9.51 2.89 P/E:  7.81 7.41 -4.08% <-IRR #YR-> 10 Price & Dividend -31.63% US$
Price 15 D.  per yr 1.88% % Tot Ret -116.15% CAPE Diff -0.25% -3.51% <-IRR #YR-> 15 Stock Price -41.47% US$
Price  20 D.  per yr 2.45% % Tot Ret 141.44% -0.72% <-IRR #YR-> 17 Stock Price
Price & Dividend 15 -1.62% <-IRR #YR-> 15 Stock Price 1594.06% US$
Price & Dividend 20 1.73% <-IRR #YR-> 17 Stock Price
Price H/L Median US$ $28.20 $34.50 $34.45 $30.99 $24.52 $16.34 $13.02 $11.05 $9.06 $8.97 $6.06 $9.68 $18.67 $18.18 -45.81% <-Total Growth 10 Stock Price US$
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% -5.94% <-IRR #YR-> 10 Stock Price -45.81% US$
P/E 59.97 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 11.06% <-IRR #YR-> 5 Stock Price 68.96% US$
Trailing P/E 50.37 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 -3.27% <-IRR #YR-> 10 Price & Dividend US$
P/E on Run. 5 yr Ave 1172.91 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 14.72% <-IRR #YR-> 5 Price & Dividend US$
P/E on Run. 10 yr Ave 870.17 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 33.86 P/E Ratio Historical Median US$
Median 10, 5 Yrs D.  per yr 2.67% 3.67% % Tot Ret 0.00% 24.89% T P/E -33.95 -51.83 P/E:  -35.58 -49.68 Count 13 Years of data
High Months Dec Apr/Jul Mar Jan Jul Feb Jun Jan May Apr Jan Nov Jun Oct
Price High US$ $33.24 $40.21 $39.55 $34.23 $32.50 $20.66 $16.32 $15.30 $11.19 $10.44 $10.47 $13.61 $24.71 $21.21 -37.52% <-Total Growth 10 Stock Price US$
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% -4.59% <-IRR #YR-> 10 Stock Price -37.52% US$
P/E 25.2 20.6 30.2 39.3 33.2 27.5 -25.1 5.0 -5.2 5.9 -5.4 50.4 7.7 8.7 10.06% <-IRR #YR-> 5 Stock Price 61.50% US$
Trailing P/E 59.4 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 20.62 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E -53.16 -60.36 P/E:  6.79 5.87 34.40 P/E Ratio Historical High US$
-$39.55 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $24.71
-$15.30 $0.00 $0.00 $0.00 $0.00 $24.71
Low Months Jan  Nov Jun Jun Dec Aug Feb Jun Dec Feb Mar Jan Jan May
Price Low US$ $23.15 $28.78 $29.35 $27.74 $16.54 $12.01 $9.72 $6.80 $6.93 $7.49 $1.64 $5.75 $12.63 $15.15 -56.97% <-Total Growth 10 Stock Price US$
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% -8.09% <-IRR #YR-> 10 Stock Price -56.97% US$
P/E 49.2 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 13.18% <-IRR #YR-> 5 Stock Price 85.74% US$
Trailing P/E 41.4 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 22.91 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E -14.75 -43.30 P/E:  -22.94 -40.07 -48.27 P/E Ratio Historical Low US$
-$29.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12.63
-$6.80 $0.00 $0.00 $0.00 $0.00 $12.63
$4,471 <-12 mths -41.52%
Free Cash Flow MS $390 $481 -$29 $270 $468 -$240 -$173 $1,389 $777 $2,102 -$586 $3,356 $7,645 $9,348 $6,835 $6,835 26462.07% <-Total Growth 10 Free Cash Flow MS, Mkt S CDN$
Change 23.33% -106.03% 1031.03% 73.33% -151.28% 27.92% 902.89% -44.06% 170.53% -127.88% 672.70% 127.80% 22.28% -26.88% 0.00% 40.65% <-IRR #YR-> 5 Free Cash Flow MS 450.40% CDN$
FCF/CF from Op Ratio 0.15 0.15 -0.01 0.08 0.15 -0.23 -0.27 0.57 0.49 0.83 -2.73 0.72 0.91 1.38 0.82 0.80 #NUM! <-IRR #YR-> 10 Free Cash Flow MS 26462.07% CDN$
Dividends paid $601 $603 $665 $732 $805 $528 $166 $225 $245 $260 $77 $176 $901 $1,002 $1,069 $1,069 35.49% <-Total Growth 10 Dividends paid CDN$
Percentage paid -220.00% -95.95% 16.20% 31.53% 12.37% -13.14% 5.24% 11.79% 10.72% 15.64% 15.64% $0.09 <-Median-> 8 Percentage paid CDN$
5 Year Coverage 350.84% 978.38% 143.29% 88.65% 36.94% 27.73% 13.97% 12.48% 11.05% 12.13% 12.40% 5 Year Coverage CDN$
Dividend Coverage Ratio -0.45 -1.04 6.17 3.17 8.08 -7.61 19.07 8.49 9.33 6.39 6.39 4.67 <-Median-> 8 Dividend Coverage Ratio CDN$
5 Year of Coverage 2.71 3.61 7.16 8.01 9.05 8.25 8.07 5 Year of Coverage CDN$
$4,954 <-12 mths -35.93%
Free Cash Flow WSJ $747 -$102 -$106 $1,536 $832 $2,175 -$586 $3,411 $7,732 $9,348 $6,835 $6,835 7680.39% <-Total Growth 8 Free Cash Flow WSJ CDN$
Change -113.65% -3.92% 1549.06% -45.83% 161.42% -126.94% 682.08% 126.68% 20.90% -26.88% 0.00% 38.16% <-IRR #YR-> 5 Free Cash Flow MS -91.82% CDN$
FCF/CF from Op Ratio 0.25 -0.10 -0.17 0.63 0.53 0.86 -2.73 0.73 0.92 1.38 0.82 0.80 33.93% <-IRR #YR-> 8 Free Cash Flow MS #DIV/0! CDN$
Dividends paid $805 $528 $166 $225 $245 $260 $77 $176 $901 $1,002 $1,069 $1,069 #DIV/0! <-Total Growth 8 Dividends paid
Percentage paid 107.76% -517.65% -156.60% 14.65% 29.45% 11.95% -13.14% 5.16% 11.65% 10.72% 15.64% 15.64% 11.65% <-Median-> 9 Percentage paid CDN$
5 Year Coverage 67.73% 32.85% 25.27% 13.34% 12.23% 10.94% 12.06% 12.35% 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 9.33 6.39 6.39 3.96 <-Median-> 5 Dividend Coverage Ratio CDN$
5 Year of Coverage 1.48 3.04 3.96 7.50 8.18 9.14 8.29 8.10 5 Year of Coverage CDN$
Market Cap US$ $25,019 $24,989 $25,351 $21,661 $15,611 $10,283 $12,608 $11,219 $8,638 $12,473 $7,422 $24,575 $37,057 $36,943 $36,943 $36,943 46.18% <-Total Growth 10 Market Cap  US$
Market Cap Pre 09 Full company
Market Cap CDN$ $25,049 $24,989 $25,162 $22,984 $18,148 $14,583 $16,916 $14,107 $11,796 $16,221 $9,524 $31,039 $50,154 $51,166 $51,166 $51,166 99.33% <-Total Growth 10 Market Cap CDN$
Diluted # of Shares in Million 754.0 757.7 758.5 757.5 757.6 818.7 866.3 1,102.5 1,229.2 1,229.4 1,228.9 2,016.2 2,006.1 1,951.0 164.48% <-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% -2.75% 2.92% <-Median-> 10 Change
Difference Diluted/Basic -0.3% -0.5% -0.4% -0.2% -0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 1.4% -2.7% -2.3% -0.02% <-Median-> 10 Difference Diluted/Basic
Basic # of Shares in Millions 751.9 754.0 755.6 755.9 756.9 818.7 866.3 1,102.5 1,228.8 1,228.8 1,228.9 2,045.1 1,951.3 1906 1906 1906 158.25% <-Total Growth 10 Average
Change 0.12% 0.28% 0.21% 0.04% 0.13% 8.16% 5.81% 27.27% 11.46% 0.00% 0.01% 66.42% -4.59% -2.32% 0.00% 0.00% 2.97% <-Median-> 10 Change
Difference Basic/Outstanding 0.1% -0.2% 0.0% 0.0% 0.0% 1.8% -3.8% 11.5% 0.0% 0.0% 0.0% -2.1% -2.2% 0.2% 0.2% 0.2% 0.00% <-Median-> 10 Difference Basic/Outstanding
$6,339 <-12 mths 232.00%
Reason Aq. Husky
pre-split 2005
# of Share in Millions 752.7 752.7 755.8 756.0 757.1 833.3 833.3 1,228.8 1,228.8 1,228.8 1,228.9 2,001.2 1,909.2 1,909.2 1,909.2 1,909.2 9.71% <-IRR #YR-> 10 Shares 152.59%
Change 0.18% 0.00% 0.42% 0.03% 0.14% 10.06% 0.00% 47.46% 0.00% 0.00% 0.00% 62.85% -4.60% 0.00% 0.00% 0.00% 9.21% <-IRR #YR-> 5 Shares 55.37%
CF fr Op $M US$ pre 09 US$
CF fr Op $M US$ $2,601.8 $3,205 $3,431 $3,327 $3,039 $1,064 $641 $2,438 $1,579 $2,529 $214 $4,669 $8,419 $6,767 $8,369 $8,576 145.40% <-Total Growth 10 Cash Flow US$
Increase -10.10% 23.17% 7.06% -3.02% -8.66% -64.98% -39.76% 280.26% -35.25% 60.19% -91.52% 2077.37% 80.33% -19.63% 23.67% 2.48% SO, S. Issue Buy Back Acquisition US$
5 year Running Average $3,551 $3,418 $3,286 $3,092 $3,121 $2,813 $2,301 $2,102 $1,752 $1,650 $1,480 $2,286 $3,482 $4,520 $5,688 $7,360 5.97% <-Total Growth 10 CF 5 Yr Running US$
CFPS $3.46 $4.26 $4.54 $4.40 $4.01 $1.28 $0.77 $1.98 $1.28 $2.06 $0.17 $2.33 $4.41 $3.54 $4.38 $4.49 -2.85% <-Total Growth 10 Cash Flow per Share US$
Increase -10.26% 23.17% 6.61% -3.04% -8.78% -68.18% -39.76% 157.87% -35.25% 60.18% -91.52% 1237.04% 89.02% -19.63% 23.67% 2.48% 9.39% <-IRR #YR-> 10 Cash Flow 5.97% US$
5 year Running Average $4.69 $4.55 $4.37 $4.10 $4.13 $3.70 $3.00 $2.49 $1.87 $1.47 $1.25 $1.57 $2.05 $2.50 $2.97 $3.83 28.12% <-IRR #YR-> 5 Cash Flow 65.64% US$
P/CF on Med Price 8.16 8.10 7.59 7.04 6.11 12.79 16.92 5.57 7.05 4.36 34.70 4.15 4.23 5.13 -0.29% <-IRR #YR-> 10 Cash Flow per Share -53.01% US$
P/CF on Closing Price 9.62 7.80 7.39 6.51 5.14 9.66 19.66 4.60 5.47 4.93 34.62 5.26 4.40 5.46 17.32% <-IRR #YR-> 2 Cash Flow per Share -17.57% US$
-16.96% Diff M/C -7.27% <-IRR #YR-> 10 CFPS 5 yr Running -40.43% US$
-$2,150 <-12 mths -126.69%
Non-Cash pre 09 US$
Excl.Working Capital CF -$179.5 $2.9 $223.7 $65.8 -$40.5 $156.7 $418.6 -$115.6 -$351.9 $338.0 -$99.0 $940.2 -$361.8 $0.0 $0.0 $0.0 -3.79% <-IRR #YR-> 5 CFPS 5 yr Running -4.33% US$
CF fr Op $M WC $2,422.3 $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 $6,766.7 $8,368.7 $8,575.8 8.85% <-Total Growth 10 Cash Flow less WC US$
Increase -10.59% 32.42% 13.94% -7.15% -11.62% -59.28% -13.21% 119.18% -47.17% 133.66% -95.97% 4758.02% 43.65% -16.02% 23.67% 2.48% 8.23% <-IRR #YR-> 10 Cash Flow less WC 8.85% US$
5 year Running Average $3,181 $3,373 $3,285 $3,077 $3,135 $2,895 $2,466 $2,199 $1,766 $1,740 $1,518 $2,428 $3,575 $4,683 $5,783 $7,476 28.24% <-IRR #YR-> 5 Cash Flow less WC 62.57% US$
CFPS Excl. WC US$ $3.22 $4.26 $4.84 $4.49 $3.96 $1.47 $1.27 $1.89 $1.00 $2.33 $0.09 $2.80 $4.22 $3.54 $4.38 $4.49 0.85% <-IRR #YR-> 10 CF less WC 5 Yr Run 275.82% US$
Increase -10.76% 32.42% 13.46% -7.18% -11.74% -63.00% -13.21% 48.63% -47.17% 133.66% -95.97% 2883.13% 50.58% -16.02% 23.67% 2.48% 10.21% <-IRR #YR-> 5 CF less WC 5 Yr Run 4.00% US$
5 year Running Average $4.22 $4.49 $4.36 $4.08 $4.15 $3.80 $3.20 $2.62 $1.92 $1.59 $1.32 $1.62 $2.09 $2.60 $3.01 $3.89 -1.35% <-IRR #YR-> 10 CFPS - Less WC -52.12% US$
P/CF on Med Price 8.76 8.09 7.12 6.90 6.19 11.15 10.24 5.85 9.07 3.84 64.45 3.45 4.42 5.13 17.43% <-IRR #YR-> 5 CFPS - Less WC -20.09% US$
P/CF on Closing Price 10.33 7.79 6.94 6.38 5.21 8.42 11.90 3.49 3.67 4.35 64.29 4.38 4.60 5.46 -7.10% <-IRR #YR-> 10 CFPS 5 yr Running -33.70% US$
CF/-WC P/CF Med 10 yr 6.57 5 yr  4.36 P/CF Med 10 yr 6.55 5 yr  4.42 -16.61% Diff M/C -4.39% <-IRR #YR-> 5 CFPS 5 yr Running 31.75% US$
$8,763 <-12 mths -23.15%
CF fr Op $M CDN$ pre 09
CF fr Op $M CDN$ $2,594.0 $3,273 $3,420 $3,539 $3,526 $1,474 $861 $3,059 $2,154 $3,285 $273 $5,919 $11,403 $9,355 $11,570 $11,856 233.42% <-Total Growth 10 Cash Flow CDN$
Increase -14.64% 26.18% 4.49% 3.48% -0.37% -58.20% -41.59% 255.28% -29.58% 52.51% -91.69% 2068.13% 92.65% -17.96% 23.67% 2.48% SO, S. Issue Buy Back CDN$
5 year Running Average $3,889 $3,642 $3,517 $3,173 $3,270 $3,046 $2,564 $2,492 $2,215 $2,167 $1,926 $2,938 $4,607 $6,047 $7,704 $10,021 30.97% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS $3.45 $4.35 $4.52 $4.68 $4.66 $1.77 $1.03 $2.49 $1.75 $2.67 $0.22 $2.96 $5.97 $4.90 $6.06 $6.21 32.00% <-Total Growth 10 Cash Flow per Share CDN$
Increase -14.80% 26.18% 4.05% 3.45% -0.51% -62.02% -41.59% 140.93% -29.58% 52.50% -91.69% 1231.37% 101.94% -17.96% 23.67% 2.48% 12.80% <-IRR #YR-> 10 Cash Flow 233.42% CDN$
5 year Running Average $5.14 $4.85 $4.68 $4.21 $4.33 $4.00 $3.33 $2.93 $2.34 $1.94 $1.63 $2.02 $2.72 $3.35 $4.02 $5.22 30.10% <-IRR #YR-> 5 Cash Flow 272.77% CDN$
P/CF on Med Price 8.41 7.93 7.72 6.67 5.79 11.73 17.99 5.92 6.67 4.50 35.67 4.03 3.95 5.07 0.00 0.00 2.82% <-IRR #YR-> 10 Cash Flow per Share 32.00% CDN$
P/CF on Closing Price 9.66 7.63 7.36 6.49 5.15 9.89 19.65 4.61 5.48 4.94 34.89 5.24 4.40 5.47 4.42 4.32 19.13% <-IRR #YR-> 5 Cash Flow per Share 139.92% CDN$
-13.10% Diff M/C -5.29% <-IRR #YR-> 5 CFPS 5 yr Running -41.91% CDN$
-$2,973 <-12 mths -506.73%
Excl.Working Capital CF pre 09
Excl.Working Capital CF -$179.0 $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 $0.0 $0.0 $0.0 -1.48% <-IRR #YR-> 5 CFPS 5 yr Running -7.18% CDN$
CF fr Op $M WC $2,415.0 $3,276.0 $3,643 $3,609 $3,479 $1,691 $1,423 $2,914 $1,674 $3,724 $147 $7,111 $10,913 $9,355 $11,570 $11,856 199.56% <-Total Growth 10 Cash Flow less WC CDN$
Increase -15.11% 35.65% 11.20% -0.93% -3.60% -51.39% -15.85% 104.78% -42.55% 122.46% -96.05% 4737.41% 53.47% -14.28% 23.67% 2.48% 11.60% <-IRR #YR-> 10 Cash Flow less WC -319.73% CDN$
5 year Running Average $3,469 $3,601 $3,520 $3,158 $3,284 $3,140 $2,769 $2,623 $2,236 $2,285 $1,976 $3,114 $4,714 $6,250 $7,819 $10,161 30.22% <-IRR #YR-> 5 Cash Flow less WC -237.93% CDN$
CFPS Excl. WC $3.21 $4.35 $4.82 $4.77 $4.60 $2.03 $1.71 $2.37 $1.36 $3.03 $0.12 $3.55 $5.72 $4.90 $6.06 $6.21 2.96% <-IRR #YR-> 10 CF less WC 5 Yr Run 33.91% CDN$
Increase -15.27% 35.65% 10.74% -0.96% -3.74% -55.84% -15.85% 38.87% -42.55% 122.45% -96.05% 2870.48% 60.86% -14.28% 23.67% 2.48% 12.44% <-IRR #YR-> 5 CF less WC 5 Yr Run 79.70% CDN$
5 year Running Average $4.60 $4.79 $4.68 $4.19 $4.35 $4.11 $3.59 $3.10 $2.41 $2.10 $1.72 $2.09 $2.76 $3.46 $4.07 $5.29 1.72% <-IRR #YR-> 10 CFPS - Less WC 18.60% CDN$
P/CF on Med Price 9.03 7.93 7.24 6.54 5.87 10.23 10.89 6.21 8.58 3.97 66.25 3.35 4.13 5.07 0.00 0.00 19.24% <-IRR #YR-> 5 CFPS - Less WC 141.04% CDN$
P/CF on Closing Price 10.37 7.63 6.91 6.37 5.22 8.62 11.89 4.84 7.05 4.36 64.79 4.36 4.60 5.47 4.42 4.32 -5.15% <-IRR #YR-> 10 CFPS 5 yr Running -41.08% CDN$
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 6.29 5 yr  4.50 P/CF Med 10 yr 6.38 5 yr  4.13 -14.26% Diff M/C -2.29% <-IRR #YR-> 5 CFPS 5 yr Running -10.95% CDN$
-755.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1,909.2 Shares
-1,228.8 0.0 0.0 0.0 0.0 1,909.2 Shares
-$3,431 $0 $0 $0 $0 $0 $0 $0 $0 $0 $8,419 Cash Flow US$
-$2,438 $0 $0 $0 $0 $8,419 Cash Flow US$
-$4.54 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.41 Cash Flow per Share US$
-$1.98 $0.00 $0.00 $0.00 $0.00 $4.41 Cash Flow per Share US$
-$4.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.05 CFPS 5 yr Running US$
-$2.49 $0.00 $0.00 $0.00 $0.00 $2.05 CFPS 5 yr Running US$
-$3,655 $0 $0 $0 $0 $0 $0 $0 $0 $0 $8,057 Cash Flow less WC US$
-$2,323 $0 $0 $0 $0 $8,057 Cash Flow less WC US$
-$3,285 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,575 CF less WC 5 Yr Run US$
-$2,199 $0 $0 $0 $0 $3,575 CF less WC 5 Yr Run US$
-$4.84 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.22 CFPS - Less WC US$
-$1.89 $0.00 $0.00 $0.00 $0.00 $4.22 CFPS - Less WC US$
-$4.36 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.09 CFPS 5 yr Running US$
-$2.62 $0.00 $0.00 $0.00 $0.00 $2.09 CFPS 5 yr Running US$
-$6.94 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.60 CFPS 5 yr Running US$
-$3.49 $0.00 $0.00 $0.00 $0.00 $4.60 CFPS 5 yr Running US$
-$3,420 $0 $0 $0 $0 $0 $0 $0 $0 $0 $11,403 Cash Flow CDN$
-$3,059 $0 $0 $0 $0 $11,403 Cash Flow CDN$
-$4.52 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.97 Cash Flow per Share CDN$
OPM 20.52% 20.85% 20.31% 18.97% 17.95% 11.28% 7.10% 17.95% 10.33% 16.28% 2.06% 12.77% 17.05% 16.60% -16.06% <-Total Growth 10 OPM CDN$
Increase -22.23% 1.62% -2.62% -6.59% -5.36% -37.15% -37.11% 152.95% -42.43% 57.52% -87.32% 518.63% 33.50% -2.64% Should increase  or be stable. CDN$
Diff from Median 41.3% 43.6% 39.8% 30.6% 23.6% -22.3% -51.1% 23.6% -28.8% 12.1% -85.8% -12.1% 17.4% 14.3% 0.00 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 14.52% 5 Yrs 12.77% should be  zero, it is a   check on calculations CDN$
$9,700 <-12 mths -26.67%
Adjusted EBITDA CDN$ $2,734 $3,568 $4,088 $4,036 $3,971 $2,804 $1,409 $3,236 $1,411 $4,143 $606 $8,086 $13,227 $11,180 $12,465 $12,489 223.56% <-Total Growth 10 Adjusted EBITDA CDN$
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% -15.48% 11.49% 0.19% -1.44% <-Median-> 10 Change CDN$
Margin 23.74% 28.23% 26.04% 23.96% 21.28% 14.28% 10.79% 26.67% 8.28% 19.88% 3.00% 61.13% 28.53% 16.71% 22.11% 20.14% 20.58% <-Median-> 10 Margin CDN$
Per Share Basic $3.64 $4.73 $5.41 $5.34 $5.25 $3.42 $1.63 $2.94 $1.15 $3.37 $0.49 $3.95 $6.78 $5.87 $6.54 $6.55 25.29% <-Total Growth 10 Per Share Basic
Long Term Debt CDN$ $5,458 $6,525 $6,332 $9,513 $8,482 $6,699 $7,441 $12,385 $8,691 $8,534 Debt CDN$
Change 19.55% -2.96% 50.24% -10.84% -21.02% 11.08% 66.44% -29.83% -1.81% 4.06% <-Median-> 8 Change CDN$
Ratio to Market Cap 0.30 0.45 0.37 0.67 0.72 0.41 0.78 0.40 0.17 0.17 0.41 <-Median-> 9 % 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 8.11 9.46 <-Median-> 9 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 0.91 3.11 <-Median-> 9 Debt to Cash Flow (Years) CDN$
Intangibles CDN$ $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 $2,923 295.53% <-Total Growth 10 Goodwill CDN$
Total $1,132 $739 $739 $242 $242 $242 $2,272 $2,272 $2,272 $2,272 $3,473 $2,923 $2,984 295.53% <-Total Growth 10 Total CDN$
Change -34.72% 0.00% -67.25% 0.00% 0.00% 838.84% 0.00% 0.00% 0.00% 52.86% -15.84% 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 0.09 <-Median-> 10 % of Market C. CDN$
Current Assets US$ $2,783 $3,829 $4,594 $5,275 $3,616 $4,675 $5,081 $3,992 $2,342 $2,528 $2,337 $9,456 $9,177 $7,197 99.79% <-Total Growth 10 Current Assets US$
Current Liabilities US$ $2,492 $3,317 $3,280 $3,553 $2,549 $1,342 $1,989 $3,536 $1,906 $1,941 $1,853 $5,762 $5,922 $4,791 80.53% <-Total Growth 10 Current Liabilities US$
Liquidity 1.12 1.15 1.40 1.48 1.42 3.48 2.55 1.13 1.23 1.30 1.26 1.64 1.55 1.50 1.45 <-Median-> 10 Ratio US$
Assets US$ $22,161 $21,730 $24,293 $23,716 $21,287 $18,625 $18,811 $32,629 $25,784 $27,497 $25,738 $42,676 $41,250 $38,877 69.80% <-Total Growth 10 Assets US$
Liabilities US$ $12,109 $12,521 $14,456 $14,364 $12,507 $9,677 $10,179 $16,701 $12,979 $12,713 $12,616 $24,054 $20,880 $19,136 44.44% <-Total Growth 10 Liabilities US$
Liquidity 1.83 1.74 1.68 1.65 1.70 1.92 1.85 1.95 1.99 2.16 2.04 1.77 1.98 2.03 1.94 <-Median-> 10 Ratio US$
Book Value US$ $10,052 $9,210 $9,837 $9,351 $8,780 $8,948 $8,632 $15,927 $12,805 $14,784 $13,122 $18,621 $20,370 $19,741
NCI $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 9.40
Book Value US$ $10,052 $9,210 $9,837 $9,351 $8,780 $8,948 $8,632 $15,927 $12,805 $14,784 $13,122 $18,621 $20,370 $19,732
Book Value US$ check. $10,052 $9,210 $9,837 $9,351 $8,780 $8,948 $8,632 $15,927 $12,805 $14,784 $13,122 $18,612 $20,360 $19,732 US$
Current Assets CDN$ $2,775 $3,911 $4,579 $5,610 $4,195 $6,473 $6,822 $5,008 $3,195 $3,284 $2,976 $11,988 $12,430 $9,950 171.46% <-Total Growth 10 Current Assets CDN$
Current Liabilities CDN$ $2,485 $3,388 $3,270 $3,779 $2,957 $1,858 $2,671 $4,436 $2,600 $2,521 $2,359 $7,305 $8,021 $6,624 145.29% <-Total Growth 10 Current Liabilities CDN$
Liquidity 1.12 1.15 1.40 1.48 1.42 3.48 2.55 1.13 1.23 1.30 1.26 1.64 1.55 1.50 1.45 <-Median-> 10 Ratio CDN$
Liq. with CF aft div 1.92 1.92 2.24 2.23 2.34 3.89 2.81 1.76 1.96 2.50 1.34 2.43 2.89 2.76 2.43 <-Median-> 5 Ratio CDN$
Liq. CF re  Inv+Div  1.92 1.10 1.11 1.59 1.54 3.89 2.00 0.45 1.59 1.60 0.98 2.15 2.24 2.76 1.60 <-Median-> 5 Ratio CDN$
Assets CDN$ $22,095 $22,194 $24,216 $25,224 $24,695 $25,791 $25,258 $40,933 $35,174 $35,713 $32,770 $54,104 $55,869 $53,747 130.71% <-Total Growth 10 Assets
Liabilities CDN$ $12,073 $12,788 $14,410 $15,278 $14,509 $13,400 $13,668 $20,952 $17,706 $16,512 $16,063 $30,496 $28,280 $26,455 96.25% <-Total Growth 10 Liabilities CDN$
Asset/Liability 1.83 1.74 1.68 1.65 1.70 1.92 1.85 1.95 1.99 2.16 2.04 1.77 1.98 2.03 1.94 <-Median-> 10 Ratio CDN$
Estimates BVPS $15.40 $16.90 $18.10 Estimates Estimates BVPS
Estimate Book Value $29,401.5 $32,265.3 $34,556.3 Estimates Estimate Book Value
P/B Ratio (Close) 1.74 1.59 1.48 Estimates P/B Ratio (Close)
Difference from 10 year median 48.26% Diff M/C Estimates Difference from 10 yr med.
Book Value CDN$ $10,022 $9,406 $9,806 $9,946 $10,186 $12,391 $11,590 $19,981 $17,468 $19,201 $16,707 $23,608 $27,589 $27,292 181.35% <-Total Growth 10 Book Value CDN$
NCI $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $12 $13 $13 NCI
Book Value CDN$ $10,022 $9,406 $9,806 $9,946 $10,186 $12,391 $11,590 $19,981 $17,468 $19,201 $16,707 $23,596 $27,576 $27,279 $27,279 $27,279 181.22% <-Total Growth 10 Book Value CDN$
BV per share $13.32 $12.50 $12.97 $13.16 $13.45 $14.87 $13.91 $16.26 $14.22 $15.63 $13.60 $11.79 $14.44 $14.29 $14.29 $14.29 11.33% <-Total Growth 10 Book Value per Share CDN$
Change 4.12% -6.15% 3.82% 1.40% 2.27% 10.53% -6.46% 16.91% -12.58% 9.92% -12.99% -13.27% 22.50% -1.08% 0.00% 0.00% 59.80% P/B Ratio Current/10 Year Median CDN$
P/B Ratio (Median) 2.18 2.76 2.69 2.37 2.01 1.40 1.34 0.91 0.82 0.77 0.58 1.01 1.63 1.74 0.00 0.00 1.54 P/B Ratio Historical Median CDN$
P/B Ratio (Close) 2.50 2.66 2.57 2.31 1.78 1.18 1.46 0.71 0.68 0.84 0.57 1.32 1.82 1.88 1.88 1.88 1.08% <-IRR #YR-> 10 Book Value per Share CDN$
Change 26.84% 6.29% -3.41% -9.94% -22.90% -33.94% 24.02% -51.63% -4.35% 25.09% -32.52% 130.76% 38.26% 3.13% 0.00% 0.00% -2.34% <-IRR #YR-> 5 Book Value per Share CDN$
Leverage (A/BK) 2.20 2.36 2.47 2.54 2.42 2.08 2.18 2.05 2.01 1.86 1.96 2.29 2.03 1.97 0.00 0.00 2.07 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 1.20 1.36 1.47 1.54 1.42 1.08 1.18 1.05 1.01 0.86 0.96 1.29 1.03 0.97 0.00 0.00 1.07 <-Median-> 10 Debt/Eq Ratio CDN$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.17 5 yr Med 0.82 59.80% Diff M/C 2.18 Historical Leverage (A/BK) CDN$
$4,163 <-12 mths -42.47%
Comprehensive Income CDN$ $980 $1,526 $969 $803 $941 $1,231 -$655 $3,099 -$2,274 $1,983 -$2,431 $496 $7,236 646.75% <-Total Growth 10 Comprehensive Income CDN$
Increase 68.97% 55.71% -36.50% -17.13% 17.19% 30.82% -153.21% 573.13% -173.38% 187.20% -222.59% 120.40% 1358.87% 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 $1,002 22.27% <-IRR #YR-> 10 Comprehensive Income 646.75% CDN$
ROE 9.8% 16.2% 9.9% 8.1% 9.2% 9.9% -5.7% 15.5% -13.0% 10.3% -14.6% 2.1% 26.2% 18.48% <-IRR #YR-> 5 Comprehensive Income 133.49% CDN$
5Yr Median 9.8% 13.0% 9.9% 9.8% 9.8% 9.9% 9.2% 9.2% 9.2% 9.9% -5.7% 2.1% 2.1% -2.69% <-IRR #YR-> 10 5 Yr Running Average 113.92% CDN$
% Difference from NI -1.3% 3.2% -2.4% 21.3% 26.5% 99.2% 20.2% -7.9% -14.8% -9.6% 2.2% -15.5% 12.2% -1.56% <-IRR #YR-> 5 5 Yr Running Average 113.92% CDN$
Median Values Diff 5, 10 yr 7.2% -9.6% 2.1% <-Median-> 5 Return on Equity CDN$
Current Liability Coverage Ratio 0.97 0.97 1.11 0.96 1.18 0.91 0.53 0.66 0.64 1.48 0.06 0.97 1.36 1.41   CFO / Current Liabilities CDN$
5 year Median 1.33 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 0.97 <-Median-> 5 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio 10.93% 14.76% 15.04% 14.31% 14.09% 6.56% 5.63% 7.12% 4.76% 10.43% 0.45% 13.14% 19.53% 17.41% CFO / Total Assets CDN$
5 year Median 13.23% 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% 10.4% <-Median-> 5 Return on Assets  CDN$
Return on Assets ROA 4.51% 6.52% 4.11% 2.47% 2.60% 1.73% -1.61% 6.55% -5.56% 4.73% -5.70% 0.86% 8.52% 6.29% Net  Income/Assets Return on Assets CDN$
5Yr Median 8.53% 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% 0.9% <-Median-> 5 Asset Efficiency Ratio CDN$
Return on Equity ROE 9.91% 15.71% 10.13% 6.66% 7.30% 4.99% -4.70% 16.85% -15.28% 11.43% -14.24% 2.49% 23.39% 17.15% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median 19.12% 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% 2.5% <-Median-> 5 Return on Equity CDN$
$3,895 <-12 mths -39.61%
Net Income CDN$ $993 $1,478 $993 $662 $744 $618 -$545 $3,366 -$2,669 $2,194 -$2,379 $587 $6,450 $4,677 $5,714 $5,072 549.55% <-Total Growth 10 Net Income CDN$
Increase 21.39% 48.84% -32.81% -33.33% 12.39% -16.94% -188.19% 717.61% -179.29% 182.20% -208.43% 124.67% 998.81% -27.49% 22.17% -11.24% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average $2,088 $1,744 $1,563 $989 $974 $899 $494 $969 $303 $593 -$7 $220 $837 $2,306 $3,010 $4,500 20.58% <-IRR #YR-> 10 Net Income 549.55% CDN$
Operating Cash Flow $2,594 $3,273 $3,420 $3,539 $3,526 $1,474 $861 $3,059 $2,154 $3,285 $273 $5,919 $11,403 13.89% <-IRR #YR-> 5 Net Income 91.62% CDN$
Investment Cash Flow 798 -2,530 -3,336 -1,519 -1,519 888 -1,079 -12,866 -613 -1,432 -863 -942 -2,314 -6.06% <-IRR #YR-> 10 5 Yr Running Average -46.47% CDN$
Total Accruals -$2,399 $735 $909 -$1,358 -$1,263 -$1,744 -$327 $13,173 -$4,210 $341 -$1,789 -$4,390 -$2,639 -2.90% <-IRR #YR-> 5 5 Yr Running Average -13.66% CDN$
Total Assets $22,095 $22,194 $24,216 $25,224 $24,695 $25,791 $25,258 $40,933 $35,174 $35,713 $32,770 $54,104 $55,869 Balance Sheet Assets CDN$
Accruals Ratio -10.86% 3.31% 3.75% -5.38% -5.11% -6.76% -1.29% 32.18% -11.97% 0.95% -5.46% -8.11% -4.72% -5.46% <-Median-> 5 Ratio CDN$
EPS/CF Ratio 0.41 0.45 0.27 0.18 0.21 0.37 -0.38 1.29 -1.59 0.59 -16.22 0.08 0.56 0.20 <-Median-> 10 EPS/CF Ratio CDN$
Chge In Close CDN$ 32.06% -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% 0.00% 0.00% Count 28 Years of data CDN$
Accruals Ratio Is? up up up up down up up up Count 17 60.71% CDN$
Predictive? Yes Yes Yes Yes Yes % right Count 7 41.18% CDN$
Financial Cash Flow CDN$ -$631 -$558 $592 -$726 -$797 $894 -$218 $6,515 -$1,410 -$2,413 -$590 -$2,507 -$7,676 C F Statement  Financial Cash Flow CDN$
Total Accruals -$1,768 $1,293 $317 -$632 -$466 -$2,638 -$109 $6,658 -$2,800 $2,754 -$1,199 -$1,883 $5,037 Accruals CDN$
Accruals Ratio -8.00% 5.83% 1.31% -2.51% -1.89% -10.23% -0.43% 16.27% -7.96% 7.71% -3.66% -3.48% 9.02% Ratio CDN$
Count 28 Years of data
Accruals Ratio Is? up down up down up down Count 11 39.29% CDN$
Predictive? Yes Yes Yes % right Count 5 45.45% CDN$
$2,817 <-12 mths -40.84%
Net Income US$ $996 $1,447 $996 $622 $641 $446 -$406 $2,683 -$1,956 $1,689 -$1,869 $463 $4,762 $3,383 $4,133 $3,669 378.06% <-Total Growth 10 Net Income US$
Increase 27.86% 45.30% -31.16% -37.52% 3.04% -30.41% -190.95% 761.04% -172.92% 186.34% -210.61% 124.78% 928.55% -28.96% 22.17% -11.24% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average $1,865 $1,606 $1,421 $968 $941 $831 $460 $797 $282 $491 $28 $202 $618 $1,686 $2,175 $3,282 16.94% <-IRR #YR-> 10 Net Income 378.06% US$
Operating Cash Flow $2,602 $3,205 $3,431 $3,327 $3,039 $1,064 $641 $2,438 $1,579 $2,529 $214 $4,669 $8,419 12.16% <-IRR #YR-> 5 Net Income 77.49% US$
Investment Cash Flow $800 -$2,477 -$3,347 -$1,428 -$1,309 $641 -$804 -$10,256 -$449 -$1,103 -$678 -$743 -$1,709 -7.99% <-IRR #YR-> 10 5 Yr Running Average -56.51% US$
Total Accruals -$2,406 $720 $912 -$1,277 -$1,089 -$1,259 -$244 $10,501 -$3,086 $263 -$1,405 -$3,463 -$1,948 -4.97% <-IRR #YR-> 5 5 Yr Running Average -22.52% US$
Total Assets $22,161 $21,730 $24,293 $23,716 $21,287 $18,625 $18,811 $32,629 $25,784 $27,497 $25,738 $42,676 $41,250 Balance Sheet Assets US$
Accruals Ratio -10.86% 3.31% 3.75% -5.38% -5.11% -6.76% -1.29% 32.18% -11.97% 0.95% -5.46% -8.11% -4.72% -5.46% <-Median-> 5 Ratio US$
Financial Cash. Flow. US$ -$633 -$546 $594 -$683 -$687 $646 -$162 $5,193 -$1,034 -$1,858 -$463 -$1,977 -$5,667 C F Statement  Financial Cash Flow US$
Total Accruals -$1,773 $1,266 $318 -$594 -$402 -$1,905 -$81 $5,307 -$2,052 $2,120 -$942 -$1,485 $3,719 Accruals US$
Accruals Ratio -8.00% 5.83% 1.31% -2.51% -1.89% -10.23% -0.43% 16.27% -7.96% 7.71% -3.66% -3.48% 9.02% Ratio US$
Cash CDN$ $300 $495 $1,160 $2,452 $883 $4,105 $3,720 $610 $781 $186 $378 $2,873 $4,524 $2,167 Cash CDN$
Cash Per Share $0.40 $0.66 $1.53 $3.24 $1.17 $4.93 $4.46 $0.50 $0.64 $0.15 $0.31 $1.44 $2.37 $1.14 $0.64 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 1.20% 1.98% 4.61% 10.67% 4.87% 28.15% 21.99% 4.32% 6.62% 1.15% 3.97% 9.26% 9.02% 4.24% 6.62% <-Median-> 5 % of Stock Price CDN$
Notes
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.
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 2.06
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 Ceovus 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 arstyle='display:none'>e 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 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.
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 2015 Nov 13 2016 Nov 16 2017 Nov 10 2018 Nov 11 2019 Nov 06 2020 Oct 24 2021 Oct 28 2022 Oct 28 2022 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% CEO 2023 35.10%
CEO - Shares - Amount $0.000 $1.343 $1.003 $3.950 $11.371 $15.672
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% 36.87%
Options - amount $5.784 $15.031 $13.972 $39.546 $22.722 $31.728
Sandhar, Karamjit Singh 0.079 0.00% 0.101 0.01% 27.13%
CEO - Shares - Amount $2.082 $2.700
Options - percentage 0.445 0.02% 0.423 0.02% -4.91%
Options - amount $11.678 $11.329
Hart, Jeffery Ryan 0.040 0.00% 0.049 0.00% 0.049 0.00% Was CFP, Now Corp & 1.36%
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% -1.32%
Options - amount $10.823 $13.626 $13.717
Anderson-Olney, Susan Mary 0.010 0.00% 0.010 0.00% 5.42%
Officer - Shares - Amount $0.256 $0.275
Options - percentage 0.162 0.01% 0.175 0.01% 8.48%
Options - amount $4.246 $4.699
Ruste, Ivor Melvin 0.01% 0.051 0.01% 0.063 0.01% ceased insider Apr 2018
CFO - Shares - Amount $0.855 $1.031 $0.728
Options - percentage 0.12% 1.194 0.14% 1.409 0.11%
Options - amount $17.196 $24.235 $16.174
Chiasson, Keith 0.068 0.01% 0.099 0.00% 0.115 0.01% 0.129 0.01% 12.15%
Officer - Shares - Amount $0.524 $1.533 $3.027 $3.463
Options - percentage 0.860 0.07% 1.191 0.06% 0.922 0.05% 0.948 0.05% 2.85%
Options - amount $6.665 $18.472 $24.215 $25.408
Chhina, Harbir Singh 0.05% 0.423 0.05% 0.526 0.04% 0.529 0.04% 0.533 0.04% 0.536 0.04% Filed last 2019
Officer - Shares - Amount $7.355 $8.595 $6.036 $5.078 $7.031 $4.154 Ceased insider Jan 2021
Options - percentage 0.16% 1.539 0.18% 1.854 0.15% 2.062 0.17% 2.243 0.18% 2.375 0.19%
Options - amount $23.418 $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% 0.00%
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% 15.75%
Options - amount $0.280 $0.913 $2.240 $2.645
Dabarno, Susan Fay 0.050 0.00% 0.030 0.00% 0.030 0.00% Ceased inside Jan 2021
Director - Shares - Amount $0.480 $0.398 $0.233
Options - percentage 0.000 0.00% 0.033 0.00% 0.051 0.00%
Options - amount $0.000 $0.433 $0.393
Casey Keith Michael 0.018 0.00% 0.018 0.00% 0.00%
Director - Shares - Amount $0.465 $0.474
Options - percentage 1.202 0.06% 0.057 0.00% -95.22%
Options - amount $31.587 $1.540
Cunningham, Ralph Sanford 0.00% Ceased to be insider
Director - Shares - Amount $0.000 on April 27, 2016
Options - percentage 0.02%
Options - amount $2.759
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% Used to be CEO, Chair 2023 6.28%
Chairman - Shares - Amount $4.902 $4.891 $8.309 $5.375 $12.191 $31.587 $34.249
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 0.21% 5.78%
Options - amount $10.815 $20.805 $44.867 $40.837 $108.546 $101.100 $109.103
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% 0.00%
Leader Independent Dir- Shares - Amt $8.919 $9.098
Options - percentage 0.127 0.01% 0.135 0.01% 5.71%
Options - amount $3.343 $3.606
Grandin, Michael Anthony 0.01% 0.123 0.01%
Chairman - Shares - Amt $2.155 $2.499
Options - percentage 0.02% 0.161 0.02%
Options - amount $2.685 $3.267
Increase in O/S Shares 0.14% 0.000 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% Yes 0 for 2015, 2018. 2019
due to SO $25.336 $0.000 $0.000 $0.000 $0.000 $0.365 $0.326 $8.298 $290.783
Book Value $32.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.398 $7.000 $170.000
Insider Buying -$0.882 -$0.030 -$6.745 -$1.798 -$4.943 -$3.007 -$4.827 -$7.573 -$6.138
Insider Selling $0.000 $0.556 $0.001 $0.014 $0.189 $0.000 $0.037 $127.381 $51.299
Net Insider Selling -$0.882 $0.526 -$6.745 -$1.784 -$4.754 -$3.007 -$4.790 $119.808 $45.161
% of Market Cap -0.01% 0.00% -0.05% -0.02% -0.03% -0.03% -0.02% 0.24% 0.09%
Directors 11 11 12 12 11 12 12 12
Women 10% 2 18% 2 18% 2 17% 3 25% 3 27% 3 25% 3 25% 4 33%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 2 17% 2 17% 1 8%
Institutions/Holdings 73.05% 202 43.76% 473 61.99% 487 61.99% 20 20 116.06% 20 79.39% 20 37.82% Does not make sense
Total Shares Held 73.04% 80.742 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 37.57% and funds have 309M
Increase/Decrease 3.01% 1.205 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%
Starting No. of Shares 79.537 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
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