` Comparison: HPK vs CNQ - Alpha Spread

HPK
vs
CNQ

Over the past 12 months, HPK has underperformed CNQ, delivering a return of -44% compared to the CNQ's +57% growth.

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HPK
CNQ
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Valuation Comparison

HPK Intrinsic Value
14.61 USD
Undervaluation 51%
Intrinsic Value
Price
CNQ Intrinsic Value
52.4 CAD
Overvaluation 25%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Highpeak Energy Inc
NASDAQ:HPK
7.1 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
HPK, CNQ

HPK
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
Highpeak 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
HPK, CNQ

HPK
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
Highpeak Energy Inc
NASDAQ:HPK
Canadian Natural Resources Ltd
TSX:CNQ
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What is Free Cash Flow?

Gross Margin

HPK
75.9%
CNQ
48.5%

Operating Margin

HPK
17.7%
CNQ
25.8%

Net Margin

HPK
2%
CNQ
27.9%

FCF Margin

HPK
-0.4%
CNQ
21.5%

ROE

HPK
1.1%
CNQ
25.8%

ROA

HPK
0.5%
CNQ
12.2%

ROIC

HPK
3.8%
CNQ
9.4%

ROCE

HPK
5.3%
CNQ
12.5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HPK, CNQ

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Performance Gap
HPK, CNQ

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HPK
CNQ
Difference
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Performance By Year
HPK, CNQ

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HPK
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