` Comparison: PD3 vs CNQ - Alpha Spread

P
PD3
vs
CNQ

Over the past 12 months, PD3 has underperformed CNQ, delivering a return of 0% compared to the CNQ's +21% growth.

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PD3
CNQ
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Valuation Comparison

PD3 Intrinsic Value
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CNQ Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
P
PDC Energy Inc
F:PD3
67.85 EUR
Canadian Natural Resources Ltd
TSX:CNQ
53.08 CAD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
PD3, CNQ

PD3
CNQ
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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
P
PDC Energy Inc
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
PD3, CNQ

PD3
CNQ
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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
P
PDC Energy Inc
F:PD3
Canadian Natural Resources Ltd
TSX:CNQ
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What is Free Cash Flow?

Gross Margin

PD3
87%
CNQ
48.8%

Operating Margin

PD3
58.6%
CNQ
26.6%

Net Margin

PD3
43.8%
CNQ
17.2%

FCF Margin

PD3
25.3%
CNQ
-2.7%

ROE

PD3
46.9%
CNQ
16.6%

ROA

PD3
22.7%
CNQ
8.3%

ROIC

PD3
24.3%
CNQ
10.9%

ROCE

PD3
37.2%
CNQ
14.2%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
PD3, CNQ

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Performance Gap
PD3, CNQ

Performance Gap Between PD3 and CNQ
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Performance By Year
PD3, CNQ

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PD3
CNQ
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