` Comparison: HES, CNQ - Alpha Spread

HES
vs
CNQ

Over the past 12 months, HES has outperformed CNQ, delivering a return of +12% compared to the CNQ's 1% drop.

Valuation Growth Profitability Solvency Stocks Performance
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HES
CNQ
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Stocks Compared:
HES CNQ
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Valuation Comparison

HES Intrinsic Value
194.94 USD
Undervaluation 24%
Intrinsic Value
Price
CNQ Intrinsic Value
53.43 CAD
Undervaluation 19%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Hess Corp
NYSE:HES
148.97 USD
Canadian Natural Resources Ltd
TSX:CNQ
43.4 CAD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
HES, CNQ

HES
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
Hess Corp
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
HES, CNQ

HES
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
Hess Corp
NYSE:HES
Canadian Natural Resources Ltd
TSX:CNQ
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What is Free Cash Flow?

Gross Margin

HES
77.6%
CNQ
48.9%

Operating Margin

HES
32%
CNQ
26.6%

Net Margin

HES
17.8%
CNQ
17.2%

FCF Margin

HES
8.9%
CNQ
-2.7%

ROE

HES
20.8%
CNQ
16.6%

ROA

HES
8.6%
CNQ
8.3%

ROIC

HES
11.6%
CNQ
10.9%

ROCE

HES
17.4%
CNQ
14.3%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HES, CNQ

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Performance Gap
HES, CNQ

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HES
CNQ
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
HES, CNQ

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