` Comparison: MATD vs CNQ - Alpha Spread

MATD
vs
CNQ

Over the past 12 months, MATD has underperformed CNQ, delivering a return of -24% compared to the CNQ's +54% growth.

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MATD
CNQ
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Valuation Comparison

MATD 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
Petro Matad Ltd
LSE:MATD
1.275 GBX
Canadian Natural Resources Ltd
TSX:CNQ
63.06 CAD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
MATD, CNQ

MATD
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
Petro Matad Ltd
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
MATD, CNQ

MATD
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
Petro Matad Ltd
LSE:MATD
Canadian Natural Resources Ltd
TSX:CNQ
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What is Free Cash Flow?

Gross Margin

MATD
71.4%
CNQ
48.5%

Operating Margin

MATD
-515.3%
CNQ
25.8%

Net Margin

MATD
-515.3%
CNQ
27.9%

FCF Margin

MATD
-442.8%
CNQ
21.5%

ROE

MATD
-55.2%
CNQ
25.8%

ROA

MATD
-51.8%
CNQ
12.2%

ROIC

MATD
-61.5%
CNQ
9.4%

ROCE

MATD
-54.4%
CNQ
12.5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
MATD, CNQ

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Performance Gap
MATD, CNQ

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

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MATD
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