CANADIAN NATURAL RESOURCES LIMITED vs PEMBINA PIPELINE CORPORATION, two Oil & Gas stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where CNQ and PBA diverge most: on return on assets, CNQ reads 11.8% and PBA reads 4.8%; on return on equity, CNQ reads 24.4% and PBA reads 10.1%. The rest of the comparable metrics sit closer together. On valuation, today's CNQ price has a different growth bar priced in than PBA (-2.1% implied for CNQ vs -4.2% for PBA); the higher figure is the steeper assumption to clear, not a better or worse stock. The bull and bear cases for each are in their full reports below.
| Metric | CNQ | PBA |
|---|---|---|
| Price | $50.06 | $47.81 |
| Market cap | $104.7B | $27.8B |
| Sector | Oil & Gas | Oil & Gas |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | -2.1% | -4.2% |
| P/E | 13.2 | 24.4 |
| P/B | 3.21 | 2.25 |
| P/S | 3.67 | 4.86 |
| EV/EBITDA | 15.1 | 13.4 |
| Revenue growth | +8.4% | +4.6% |
| Gross margin | — | 41.0% |
| Operating margin | — | 36.1% |
| Net margin | 27.9% | 21.8% |
| Return on equity | 24.4% | 10.1% |
| Return on assets | 11.8% | 4.8% |
| Return on invested capital | — | 12.9% |
| FCF yield | 10.6% | 8.7% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 0.95 | 0.61 |
| Altman Z (solvency) | 2.72 | 1.66 |
| Piotroski F (quality) | 8 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.