As of 2025-09-02, the Intrinsic Value of Canadian Natural Resources Ltd (CNQ.TO) is 57.76 CAD. This CNQ.TO valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 43.49 CAD, the upside of Canadian Natural Resources Ltd is 32.80%.
The range of the Intrinsic Value is 46.86 - 74.68 CAD
Based on its market price of 43.49 CAD and our intrinsic valuation, Canadian Natural Resources Ltd (CNQ.TO) is undervalued by 32.80%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 46.86 - 74.68 | 57.76 | 32.8% |
| DCF (Growth 10y) | 46.68 - 71.18 | 56.33 | 29.5% |
| DCF (EBITDA 5y) | 31.58 - 48.30 | 39.52 | -9.1% |
| DCF (EBITDA 10y) | 37.16 - 53.26 | 44.59 | 2.5% |
| Fair Value | 99.58 - 99.58 | 99.58 | 128.96% |
| P/E | 30.89 - 49.23 | 40.47 | -6.9% |
| EV/EBITDA | 23.25 - 40.90 | 31.51 | -27.6% |
| EPV | 74.31 - 97.28 | 85.80 | 97.3% |
| DDM - Stable | 30.93 - 61.20 | 46.07 | 5.9% |
| DDM - Multi | 30.79 - 46.39 | 36.94 | -15.1% |
| Market Cap (mil) | 90,855.39 |
| Beta | 0.90 |
| Outstanding shares (mil) | 2,089.11 |
| Enterprise Value (mil) | 109,214.39 |
| Market risk premium | 5.10% |
| Cost of Equity | 8.44% |
| Cost of Debt | 4.25% |
| WACC | 7.50% |