` Comparison: EP vs CNQ - Alpha Spread

E
EP
vs
CNQ

Over the past 12 months, EP has underperformed CNQ, delivering a return of -51% compared to the CNQ's +57% growth.

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EP
CNQ
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Valuation Comparison

EP Intrinsic Value
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CNQ Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
E
Empire Petroleum Corp
AMEX:EP
3.07 USD
Canadian Natural Resources Ltd
TSX:CNQ
69.46 CAD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
EP, CNQ

Revenue
www.alphaspread.com
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
E
Empire Petroleum Corp
Revenue
Canadian Natural Resources Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
EP, CNQ

Free Cash Flow
www.alphaspread.com
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
E
Empire Petroleum Corp
AMEX:EP
Canadian Natural Resources Ltd
TSX:CNQ
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What is Free Cash Flow?

Gross Margin

EP
17.9%
CNQ
48.5%

Operating Margin

EP
-58.6%
CNQ
25.8%

Net Margin

EP
-210.7%
CNQ
27.9%

FCF Margin

EP
-25.6%
CNQ
21.5%

ROE

EP
-247.9%
CNQ
25.8%

ROA

EP
-76%
CNQ
12.2%

ROIC

EP
-24.3%
CNQ
9.4%

ROCE

EP
-27.8%
CNQ
12.5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
EP, CNQ

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Performance Gap
EP, CNQ

Performance Gap Between EP and CNQ
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Performance By Year
EP, CNQ

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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett