Suncor Energy shares fell by -1.1% during the day's afternoon session, and are now trading at a price of $39.04. Is it time to buy the dip? To better answer that question, it's essential to check if the market is valuing the company's shares fairly in terms of its earnings and equity levels.
Suncor Energy Has Attractive P/B and P/E Ratios:
Suncor Energy Inc. operates as an integrated energy company in Canada, the United States, and internationally. The company belongs to the Energy sector, which has an average price to earnings (P/E) ratio of 18.35 and an average price to book (P/B) ratio of 1.6. In contrast, Suncor Energy has a trailing 12 month P/E ratio of 11.2 and a P/B ratio of 1.07.
Suncor Energy has moved 7.1% over the last year compared to 20.3% for the S&P 500 — a difference of -13.2%. Suncor Energy has a 52 week high of $41.95 and a 52 week low of $30.79.
Generally Positive Cash Flows but an Average Current Ratio:
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $38,989 | $25,052 | $39,101 | $62,907 | $52,206 | $54,881 |
| Net Margins | 7% | -17% | 11% | 14% | 16% | 11% |
| Net Income (M) | $2,899 | -$4,319 | $4,119 | $9,077 | $8,295 | $6,016 |
| Net Interest Expense (M) | $875 | $930 | $851 | $814 | $726 | $623 |
| Depreciation & Amort. (M) | $10,572 | $9,526 | $5,850 | $8,786 | $6,435 | $6,954 |
| Earnings Per Share | $1.86 | -$2.83 | $2.77 | $6.53 | $6.33 | $4.72 |
| EPS Growth | n/a | -252.1505376344086% | 197.8798586572438% | 135.74007220216606% | -3.06278713629403% | -25.43443917851501% |
| Avg. Price | $26.58 | $16.14 | $19.89 | $31.21 | $32.36 | $39.04 |
| P/E Ratio | 14.29 | -5.7 | 7.18 | 4.77 | 5.1 | 8.27 |
| Free Cash Flow (M) | $10,421 | $2,675 | $11,764 | $15,680 | $12,344 | $15,960 |
| Total Debt (M) | $12,884 | $13,812 | $13,989 | $9,800 | $11,087 | $9,348 |
| Current Ratio | 0.94 | 0.89 | 1.06 | 1.13 | 1.44 | 1.33 |
