CVE FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
CVE's fcf yield is higher than 65% of the last 10 years.
FCF Yield History
CVE FCF Yield by year
Yearly range of CVE’s fcf yield from 2016 to 2026. Over the full period it ranged from -6.5% to 73.6%, averaging 8.0%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 4.9% | 7.3% | 11.7% | 9.0% |
| 2025 | 6.1% | 8.8% | 12.9% | 7.9% |
| 2024 | 6.1% | 10.9% | 14.7% | 10.4% |
| 2023 | 5.4% | 10.9% | 17.8% | 7.2% |
| 2022 | 6.8% | 11.3% | 17.1% | 13.8% |
| 2021 | -6.5% | 1.4% | 13.2% | 13.2% |
| 2020 | -6.2% | 12.5% | 73.6% | -6.2% |
| 2019 | 4.9% | 11.1% | 17.5% | 13.0% |
| 2018 | 0.1% | 5.2% | 11.7% | 6.3% |
| 2017 | -1.4% | 3.3% | 9.1% | 6.6% |
| 2016 | -1.2% | -1.1% | -0.9% | -1.1% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is CVE FCF Yield High or Low Right Now?
Cenovus Energy Inc.'s FCF Yield is currently 9.0%, which is above average relative to its 10-year historical range. The 10-year median FCF Yield for CVE is approximately 7.9%. See all CVE valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.