Recent News
On August 27, 2025 the company disclosed planned equipment shutdowns for maintenance at its Montreal refinery, scheduled to last several weeks. On October 7, 2025 RBC Capital Markets named Suncor its favorite integrated oil company ahead of Q3 results and adjusted coverage and targets. Investor’s Business Daily reported a Relative Strength rating upgrade for Suncor in early October 2025, noting improved 52-week price performance metrics.
Technical Analysis
ADX at 20.63 indicates an emerging trend strength and implies technical signals could start to drive near-term directional moves.
Directional indicators show DI- at 27.41 and increasing while DI+ sits at 19.49 and decreasing; that combination signals bearish directional bias and pressure on price relative to recent highs.
MACD stands at -0.30 and the MACD trend shows decreasing momentum while the signal line sits at 0.05; negative, falling MACD implies continuing bearish momentum rather than a bullish crossover.
MRO reads -5.75 with a decreasing trend; the negative oscillator indicates price sits below the model target, implying potential for upward mean reversion even as momentum weakens.
RSI at 49.76 with a decreasing trend places momentum near neutral but fading; that supports a near-term range with downside vulnerability rather than renewed strength.
Price relationships show the close at $39.10 trading below the 12-day EMA ($40.42) and the 20-day average ($40.87) while remaining above the 200-day average ($37.94); short-term moving averages below the price would have signaled strength, but here the price sitting under short-term averages points to near-term resistance and limited upside until those averages roll lower or price reclaims them.
Bollinger bands place the 1x lower band at $39.68 and the 2x lower band at $38.49; the current close sits below the 1x lower band and near the 2x lower band, which increases the probability of mean reversion attempts but does not negate prevailing bearish momentum.
Fundamental Analysis
Revenue totaled $12,749,000,000 and operating cash flow reached $2,919,000,000; free cash flow equaled $1,211,000,000, producing a free cash flow yield of 2.56% (free cash flow yield QoQ +13.24%, YoY -31.18%).
EBIT came in at $1,602,000,000 with an EBIT margin of 12.57%; margin contracted QoQ by -32.05% and YoY by -25.70%, leaving EBIT margin below the industry peer mean of 17.27% while inside the industry peer range. That margin compression reduces headline profitability versus peer averages even as absolute EBIT remains positive.
Net income amounted to $1,134,000,000 and EPS actual $0.71 versus an estimate of $0.73, producing an EPS surprise of -2.74% (difference -$0.02). Forward EPS stands at $0.79 with a forward P/E of 46.97x while the reported trailing P/E reached 53.86x; the P/B ratio equals 1.06x, below the industry peer mean of 1.56x.
Balance-sheet and liquidity metrics show cash and short-term investments of $2,269,000,000, total debt $14,280,000,000 and net debt $7,673,000,000; debt-to-equity reads 32.03% and interest coverage near 9.54x, supporting debt service capacity while leverage sits below the industry peer mean for debt-to-equity.
Operational efficiency indicators show asset turnover at 0.14299 (slight QoQ decline -3.74% and YoY decline -8.36%), return on equity 2.54% and return on assets 1.27% with QoQ declines exceeding -32% in both metrics; those falls reflect the recent margin compression and temper near-term return improvement expectations.
Cash conversion metrics include a cash conversion cycle of 8.56 days and a cash conversion ratio of 4.58, and the company reduced capital expenditures to $1,708,000,000 with capex-to-revenue at -13.40% (negative sign as provided). Operating leverage registers at 8.03x, consistent with volatility in margins when volumes or prices shift.
Valuation context: WMDST values the stock as under-valued relative to the firm’s cash generation and capital structure, while several multiples (P/E, forward P/E) sit at elevated levels and P/B trades below the industry peer mean. The combination of under-valued classification and mixed multiple signals suggests fundamental value exists but with margin risks and modest growth expectations reflected in multiples.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-05 |
| NEXT REPORT DATE: | 2025-11-04 |
| CASH FLOW | Begin Period Cash Flow | $ 2.8 B |
| Operating Cash Flow | $ 2.9 B | |
| Capital Expenditures | $ -1.71 B | |
| Change In Working Capital | $ 230.0 M | |
| Dividends Paid | $ -697.00 M | |
| Cash Flow Delta | $ -504.00 M | |
| End Period Cash Flow | $ 2.3 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 12.7 B | |
| Forward Revenue | $ 2.7 B | |
| COSTS | ||
| Cost Of Revenue | $ 7.6 B | |
| Depreciation | $ 1.7 B | |
| Depreciation and Amortization | $ 1.7 B | |
| Research and Development | — | |
| Total Operating Expenses | $ 11.4 B | |
| PROFITABILITY | ||
| Gross Profit | $ 5.2 B | |
| EBITDA | $ 3.3 B | |
| EBIT | $ 1.6 B | |
| Operating Income | $ 1.4 B | |
| Interest Income | — | |
| Interest Expense | $ 168.0 M | |
| Net Interest Income | $ -168.00 M | |
| Income Before Tax | $ 1.4 B | |
| Tax Provision | $ 300.0 M | |
| Tax Rate | 20.9 % | |
| Net Income | $ 1.1 B | |
| Net Income From Continuing Operations | $ 1.1 B | |
| EARNINGS | ||
| EPS Estimate | $ 0.73 | |
| EPS Actual | $ 0.71 | |
| EPS Difference | $ -0.02 | |
| EPS Surprise | -2.74 % | |
| Forward EPS | $ 0.79 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 88.6 B | |
| Intangible Assets | $ 3.5 B | |
| Net Tangible Assets | $ 41.1 B | |
| Total Current Assets | $ 13.4 B | |
| Cash and Short-Term Investments | $ 2.3 B | |
| Cash | $ 2.3 B | |
| Net Receivables | $ 5.3 B | |
| Inventory | $ 5.2 B | |
| Long-Term Investments | $ 1.7 B | |
| LIABILITIES | ||
| Accounts Payable | $ 7.7 B | |
| Short-Term Debt | $ 1.4 B | |
| Total Current Liabilities | $ 10.6 B | |
| Net Debt | $ 7.7 B | |
| Total Debt | $ 14.3 B | |
| Total Liabilities | $ 44.0 B | |
| EQUITY | ||
| Total Equity | $ 44.6 B | |
| Retained Earnings | $ 22.3 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 36.60 | |
| Shares Outstanding | 1.218 B | |
| Revenue Per-Share | $ 10.47 | |
| VALUATION | Market Capitalization | $ 47.3 B |
| Enterprise Value | $ 59.3 B | |
| Enterprise Multiple | 17.924 | |
| Enterprise Multiple QoQ | 30.326 % | |
| Enterprise Multiple YoY | 59.322 % | |
| Enterprise Multiple IPRWA | high: 75.659 mean: 30.537 median: 28.835 SU: 17.924 low: -7.608 |
|
| EV/R | 4.655 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.988 | |
| Asset To Liability | 2.012 | |
| Debt To Capital | 0.243 | |
| Debt To Assets | 0.161 | |
| Debt To Assets QoQ | -2.286 % | |
| Debt To Assets YoY | 38261.905 % | |
| Debt To Assets IPRWA | high: 0.609 mean: 0.237 median: 0.212 SU: 0.161 low: 0.002 |
|
| Debt To Equity | 0.32 | |
| Debt To Equity QoQ | -2.898 % | |
| Debt To Equity YoY | 37584.706 % | |
| Debt To Equity IPRWA | high: 1.807 mean: 0.731 median: 0.533 SU: 0.32 low: 0.002 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.062 | |
| Price To Book QoQ | 6.365 % | |
| Price To Book YoY | -1.444 % | |
| Price To Book IPRWA | high: 3.756 median: 1.768 mean: 1.56 SU: 1.062 low: 0.005 |
|
| Price To Earnings (P/E) | 53.864 | |
| Price To Earnings QoQ | 94.321 % | |
| Price To Earnings YoY | 82.032 % | |
| Price To Earnings IPRWA | high: 185.623 SU: 53.864 mean: 51.968 median: 48.382 low: -96.671 |
|
| PE/G Ratio | -1.176 | |
| Price To Sales (P/S) | 3.713 | |
| Price To Sales QoQ | 10.583 % | |
| Price To Sales YoY | 8.527 % | |
| Price To Sales IPRWA | high: 30.921 mean: 6.09 median: 5.84 SU: 3.713 low: 0.012 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 46.966 | |
| Forward PE/G | -1.025 | |
| Forward P/S | 17.505 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 8.032 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.143 | |
| Asset Turnover Ratio QoQ | -3.736 % | |
| Asset Turnover Ratio YoY | -8.363 % | |
| Asset Turnover Ratio IPRWA | high: 0.422 median: 0.165 mean: 0.154 SU: 0.143 low: 0.002 |
|
| Receivables Turnover | 2.383 | |
| Receivables Turnover Ratio QoQ | -5.047 % | |
| Receivables Turnover Ratio YoY | 13.919 % | |
| Receivables Turnover Ratio IPRWA | high: 6.047 SU: 2.383 mean: 1.933 median: 1.804 low: 0.322 |
|
| Inventory Turnover | 1.387 | |
| Inventory Turnover Ratio QoQ | 6.699 % | |
| Inventory Turnover Ratio YoY | -5.256 % | |
| Inventory Turnover Ratio IPRWA | high: 23.002 mean: 3.332 median: 2.469 SU: 1.387 low: 0.051 |
|
| Days Sales Outstanding (DSO) | 38.296 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 8.564 | |
| Cash Conversion Cycle Days QoQ | -31.961 % | |
| Cash Conversion Cycle Days YoY | 103.224 % | |
| Cash Conversion Cycle Days IPRWA | high: 82.233 SU: 8.564 median: 5.201 mean: 2.23 low: -110.2 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 4.581 | |
| CapEx To Revenue | -0.134 | |
| CapEx To Depreciation | -0.999 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 53.1 B | |
| Net Invested Capital | $ 54.5 B | |
| Invested Capital | $ 54.5 B | |
| Net Tangible Assets | $ 41.1 B | |
| Net Working Capital | $ 2.8 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.213 | |
| Current Ratio | 1.262 | |
| Current Ratio QoQ | -8.923 % | |
| Current Ratio YoY | -13.387 % | |
| Current Ratio IPRWA | high: 5.453 SU: 1.262 median: 1.249 mean: 1.197 low: 0.329 |
|
| Quick Ratio | 0.77 | |
| Quick Ratio QoQ | -8.035 % | |
| Quick Ratio YoY | -17.291 % | |
| Quick Ratio IPRWA | high: 3.791 mean: 0.941 median: 0.919 SU: 0.77 low: 0.247 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 4.313 | |
| Cost Of Debt | 0.914 % | |
| Interest Coverage Ratio | 9.536 | |
| Interest Coverage Ratio QoQ | -32.302 % | |
| Interest Coverage Ratio YoY | -24.76 % | |
| Interest Coverage Ratio IPRWA | high: 22.447 SU: 9.536 mean: 6.916 median: 6.558 low: -20.714 |
|
| Operating Cash Flow Ratio | 0.305 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 101.141 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.627 | |
| Dividend Payout Ratio | 0.615 | |
| Dividend Rate | $ 0.57 | |
| Dividend Yield | 0.015 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.194 % | |
| Revenue Growth | -4.359 % | |
| Revenue Growth QoQ | 82.08 % | |
| Revenue Growth YoY | -181.798 % | |
| Revenue Growth IPRWA | high: 43.755 % median: -3.744 % SU: -4.359 % mean: -5.028 % low: -35.032 % |
|
| Earnings Growth | -45.802 % | |
| Earnings Growth QoQ | -1054.208 % | |
| Earnings Growth YoY | 361.295 % | |
| Earnings Growth IPRWA | high: 122.222 % median: -21.739 % mean: -23.259 % SU: -45.802 % low: -180.0 % |
|
| MARGINS | ||
| Gross Margin | 40.638 % | |
| Gross Margin QoQ | -14.826 % | |
| Gross Margin YoY | -5.758 % | |
| Gross Margin IPRWA | high: 82.166 % SU: 40.638 % mean: 24.658 % median: 22.581 % low: -39.892 % |
|
| EBIT Margin | 12.566 % | |
| EBIT Margin QoQ | -32.046 % | |
| EBIT Margin YoY | -25.698 % | |
| EBIT Margin IPRWA | high: 95.08 % mean: 17.27 % median: 13.652 % SU: 12.566 % low: -39.515 % |
|
| Return On Sales (ROS) | 10.832 % | |
| Return On Sales QoQ | -41.423 % | |
| Return On Sales YoY | -35.951 % | |
| Return On Sales IPRWA | high: 90.781 % mean: 13.964 % median: 11.212 % SU: 10.832 % low: -39.515 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 1.2 B | |
| Free Cash Flow Yield | 2.558 % | |
| Free Cash Flow Yield QoQ | 13.236 % | |
| Free Cash Flow Yield YoY | -31.181 % | |
| Free Cash Flow Yield IPRWA | high: 8.634 % SU: 2.558 % median: 1.276 % mean: 1.241 % low: -11.931 % |
|
| Free Cash Growth | 19.782 % | |
| Free Cash Growth QoQ | -127.776 % | |
| Free Cash Growth YoY | -4.582 % | |
| Free Cash Growth IPRWA | high: 300.833 % SU: 19.782 % mean: -17.022 % median: -24.008 % low: -616.098 % |
|
| Free Cash To Net Income | 1.068 | |
| Cash Flow Margin | 25.429 % | |
| Cash Flow To Earnings | 2.859 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.272 % | |
| Return On Assets QoQ | -32.412 % | |
| Return On Assets YoY | -27.148 % | |
| Return On Assets IPRWA | high: 4.797 % SU: 1.272 % mean: 1.196 % median: 0.982 % low: -3.385 % |
|
| Return On Capital Employed (ROCE) | 2.054 % | |
| Return On Equity (ROE) | 0.025 | |
| Return On Equity QoQ | -32.466 % | |
| Return On Equity YoY | -27.809 % | |
| Return On Equity IPRWA | high: 0.111 mean: 0.029 median: 0.027 SU: 0.025 low: -0.087 |
|
| DuPont ROE | 2.537 % | |
| Return On Invested Capital (ROIC) | 2.324 % | |
| Return On Invested Capital QoQ | -29.533 % | |
| Return On Invested Capital YoY | -103.189 % | |
| Return On Invested Capital IPRWA | high: 6.932 % mean: 2.638 % median: 2.373 % SU: 2.324 % low: -4.078 % |
|