# TotalEnergies CDR (CAD Hedged) (TTES.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Energy / Oil, Gas & Fuels. Price C$34.99, market value C$76.9 billion.

## Valuation
- **P/E (trailing): 9.4×** (5-yr avg 3.9×, 3-yr avg 3.9×). TotalEnergies CDR (CAD Hedged) trades at 9.4× trailing earnings, well above its own five-year average of 3.9×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×.
- **Price / sales: 0.4×**. Each dollar of revenue is priced at 0.4×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.4×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 2.0×**. Enterprise value is 2.0× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 29.3%** (5-yr avg 20.3%). Free cash flow equals 29.3% of the market value, above its five-year average of 20.3%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 10.7%**. The inverse of the P/E: 10.7% of the price is earned each year.

## Profitability
- **Gross margin: 32.3%**. TotalEnergies CDR (CAD Hedged) keeps 32.3% of revenue after the direct cost of what it sells.
- **Operating margin: 16.2%**. 16.2% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 7.2%**. 7.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 11.4%**. 11.4% on shareholders' equity is solid.
- **Return on invested capital: 14.6%**. Return on all capital, debt included, is 14.6%.
- **Return on assets: 7.7%**. Each dollar of assets produces 7.7% of profit.

## Growth
- **Revenue growth (1 yr): -6.8%** (3-yr -11.5%/yr). Revenue fell 6.8% over the last year.
- **EPS growth (1 yr): -13.6%** (3-yr -9.7%/yr). Earnings per share fell 13.6%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -31.0%/yr**. Free cash flow has compounded at -31.0% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.52**. Debt is 0.52 times equity, moderate leverage.
- **Net debt / EBITDA: 0.6×**. It would take 0.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 13.2×**. Operating profit covers interest 13.2× over, a safe margin.
- **Current ratio: 0.97** (quick 0.79). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.66**. A Z-score of 1.66 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. TotalEnergies CDR (CAD Hedged) does not currently pay a dividend, but it returned 6.9% of its market value through buybacks over the last year.

## Price and momentum
- **From 52-week high: -2.6%** (47.8% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 76**. An RSI of 76 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): -0.33** (volatility 25%). Beta of -0.33 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TTES.TO · Page: https://foliofundamentals.com/stocks/ttes.to

Not investment advice.