WallStSmart

Canadian Natural Resources Ltd (CNQ)vsSM Energy Co (SM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Canadian Natural Resources Ltd generates 800% more annual revenue ($44.68B vs $4.96B). CNQ leads profitability with a 26.3% profit margin vs 20.2%. SM appears more attractively valued with a PEG of 0.67. SM earns a higher WallStSmart Score of 90/100 (A).

CNQ

Strong Buy

79

out of 100

Grade: B+

Growth: 7.3Profit: 9.0Value: 6.7Quality: 7.0
Piotroski: 6/9Altman Z: 2.05

SM

Exceptional Buy

90

out of 100

Grade: A

Growth: 7.3Profit: 7.0Value: 9.3Quality: 5.0
Piotroski: 5/9Altman Z: 1.80
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CNQUndervalued (+47.9%)

Margin of Safety

+47.9%

Fair Value

$96.11

Current Price

$50.32

$45.79 discount

UndervaluedFair: $96.11Overvalued
SMUndervalued (+66.3%)

Margin of Safety

+66.3%

Fair Value

$113.35

Current Price

$39.03

$74.31 discount

UndervaluedFair: $113.35Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CNQ6 strengths · Avg: 9.5/10
Operating MarginProfitability
43.1%10/10

Strong operational efficiency at 43.1%

Revenue GrowthGrowth
69.5%10/10

Revenue surging 69.5% year-over-year

EPS GrowthGrowth
83.8%10/10

Earnings expanding 83.8% YoY

Market CapQuality
$103.22B9/10

Large-cap with strong market position

Return on EquityProfitability
25.1%9/10

Every $100 of equity generates 25 in profit

Profit MarginProfitability
26.3%9/10

Keeps 26 of every $100 in revenue as profit

SM6 strengths · Avg: 9.8/10
P/E RatioValuation
6.7x10/10

Attractively priced relative to earnings

Price/BookValuation
1.2x10/10

Reasonable price relative to book value

Operating MarginProfitability
60.3%10/10

Strong operational efficiency at 60.3%

Revenue GrowthGrowth
176.1%10/10

Revenue surging 176.1% year-over-year

EPS GrowthGrowth
153.9%10/10

Earnings expanding 153.9% YoY

Profit MarginProfitability
20.2%9/10

Keeps 20 of every $100 in revenue as profit

Areas to Watch

CNQ1 concerns · Avg: 2.0/10
PEG RatioValuation
3.422/10

Expensive relative to growth rate

SM2 concerns · Avg: 3.5/10
Altman Z-ScoreHealth
1.804/10

Grey zone — moderate risk

Return on EquityProfitability
2.3%3/10

ROE of 2.3% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : CNQ

The strongest argument for CNQ centers on Operating Margin, Revenue Growth, EPS Growth. Profitability is solid with margins at 26.3% and operating margin at 43.1%. Revenue growth of 69.5% demonstrates continued momentum.

Bull Case : SM

The strongest argument for SM centers on P/E Ratio, Price/Book, Operating Margin. Profitability is solid with margins at 20.2% and operating margin at 60.3%. Revenue growth of 176.1% demonstrates continued momentum.

Bear Case : CNQ

The primary concerns for CNQ are PEG Ratio.

Bear Case : SM

The primary concerns for SM are Altman Z-Score, Return on Equity.

Key Dynamics to Monitor

CNQ carries more volatility with a beta of 0.88 — expect wider price swings.

SM is growing revenue faster at 176.1% — sustainability is the question.

CNQ generates stronger free cash flow (4.4B), providing more financial flexibility.

Monitor OIL & GAS E&P industry trends, competitive dynamics, and regulatory changes.

Bottom Line

SM scores higher overall (90/100 vs 79/100), backed by strong 20.2% margins and 176.1% revenue growth. CNQ offers better value entry with a 47.9% margin of safety. Both earn "Exceptional Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Canadian Natural Resources Ltd

ENERGY · OIL & GAS E&P · USA

Canadian Natural Resources Limited acquires, explores, develops, produces, markets and sells crude oil, natural gas and natural gas liquids (NGL). The company is headquartered in Calgary, Canada.

SM Energy Co

ENERGY · OIL & GAS E&P · USA

SM Energy Company, an independent energy company, is engaged in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. The company is headquartered in Denver, Colorado.

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