` Comparison: GNE vs SO - Alpha Spread

GNE
vs
SO

Over the past 12 months, GNE has underperformed SO, delivering a return of -12% compared to the SO's +7% growth.

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GNE
SO
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Valuation Comparison

GNE Intrinsic Value
3.479 AUD
Undervaluation 48%
Intrinsic Value
Price
SO Intrinsic Value
107.04 USD
Undervaluation 10%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Genesis Energy Ltd
ASX:GNE
1.805 AUD
Southern Co
NYSE:SO
96.2 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
GNE, SO

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
Genesis Energy Ltd
Revenue
Southern Co
Revenue

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

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Profitability Comparison

Free Cash Flow
GNE, SO

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
Genesis Energy Ltd
ASX:GNE
Southern Co
NYSE:SO
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What is Free Cash Flow?

Gross Margin

GNE
0%
SO
88.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Genesis Energy Ltd
Southern Co

Operating Margin

GNE
8.5%
SO
24.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Genesis Energy Ltd
Southern Co

Net Margin

GNE
5.6%
SO
14.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Genesis Energy Ltd
Southern Co

FCF Margin

GNE
7.5%
SO
-9.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Genesis Energy Ltd
Southern Co

ROE

GNE
6.4%
SO
12.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Genesis Energy Ltd
Southern Co

ROA

GNE
3.1%
SO
2.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Genesis Energy Ltd
Southern Co

ROIC

GNE
3.7%
SO
4.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Genesis Energy Ltd
Southern Co

ROCE

GNE
5.5%
SO
5.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Genesis Energy Ltd
Southern Co

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
GNE, SO

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Performance Gap
GNE, SO

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GNE
SO
Difference
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Performance By Year
GNE, 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