` Comparison: CEN vs DUK - Alpha Spread

CEN
vs
DUK

Over the past 12 months, CEN has underperformed DUK, delivering a return of -9% compared to the DUK's +8% growth.

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CEN
DUK
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Valuation Comparison

CEN Intrinsic Value
8.36 AUD
Undervaluation 8%
Intrinsic Value
Price AU$7.7
DUK Intrinsic Value
154.76 USD
Undervaluation 16%
Intrinsic Value
Price $130.4
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Contact Energy Ltd
ASX:CEN
7.7 AUD
Duke Energy Corp
NYSE:DUK
130.4 USD
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
CEN, DUK

CEN
DUK
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Revenue
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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
Contact Energy Ltd
Revenue
Duke Energy Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
CEN, DUK

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DUK
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Contact Energy Ltd
ASX:CEN
Duke Energy Corp
NYSE:DUK
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What is Free Cash Flow?

Gross Margin

CEN
66.9%
DUK
72%

Operating Margin

CEN
23%
DUK
26.6%

Net Margin

CEN
11.7%
DUK
15.2%

FCF Margin

CEN
5.9%
DUK
-5.3%

ROE

CEN
11.1%
DUK
9.6%

ROA

CEN
4.9%
DUK
2.6%

ROIC

CEN
7.4%
DUK
4.1%

ROCE

CEN
10.8%
DUK
5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
CEN, DUK

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Performance Gap
CEN, DUK

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CEN
DUK
Difference
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Performance By Year
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DUK
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SO
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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