# Ovintiv Inc. (OVV) — Stock CV

Ovintiv Inc. is a $17.7B energy company. Revenue grew 6.0% over the last year, it keeps 9¢ of every dollar of sales as profit, and its net debt equals ~1.8 years of free cash flow. It trades at 19.1× earnings — near the highest of its own history.

> Ovintiv is an independent oil and gas producer focused on Canada's Montney and the US' Permian basins. Historically, it has been an acquisitive producer across numerous basins and plays but has divested and exited all but two.

## Identity

- **Ticker**: OVV
- **Sector**: Energy
- **Industry**: Crude Petroleum & Natural Gas
- **Headquarters**: DENVER, CO
- **Employees**: 1 465
- **Website**: https://www.ovintiv.com
- **Market cap**: $17.7B
- **Last price**: $63.88
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $9.76B
- **Net income**: $920M
- **Free cash flow**: $2.27B
- **Net debt**: $4.11B
- **P/E**: 19.1
- **Revenue growth (YoY)**: 6.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 75 |
| Growth | 31 |
| Profitability | 42 |
| Health | 52 |
| Quality | 47 |
| Moat | 31 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +6.0% YoY
- [x] Profitable — $920M TTM
- [ ] Profit growing — -30.2% YoY
- [x] Generates cash — $2.27B TTM
- [x] Debt under control — ~1.8y of cash flow to repay
- [x] Established company — $17.7B market cap
- [x] Not printing shares — -0.0% shares over ~5y
- [x] Proven track record — 6/7 profitable years
- [x] Financially stable — Altman Z 2.1 — grey
- [x] Pays a dividend — yield 1.83%
- [x] Valuation not extreme — P/E 19.1

## Experience (career milestones)

- **FY2022** — Revenue crossed $10B: $12.5B for the year
- **FY2022** — Best year on record: $3.64B net income
- **FY2019** — First recorded profitable year: $234M net income
- **FY2019** — Revenue already above $1B: $6.73B in first reported year
- **FY2019** — Positive free cash flow every year since: 7-year streak

## Strengths

- High gross margin (72.9%)
- Strong cash conversion — FCF is 23.2% of revenue
- Could repay net debt from ~1.9 years of free cash flow
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $8.66B | $1.42B | $1.61B |
| FY2022 | $12.5B | $3.64B | $2.04B |
| FY2023 | $10.7B | $2.08B | $1.15B |
| FY2024 | $9.15B | $1.13B | $1.42B |
| FY2025 | $8.91B | $1.24B | $1.50B |

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Source: https://stockcv.com/OVV — derived from company filings; may be delayed or incomplete. Information, not investment advice.