` Comparison: SUN vs PKN - Alpha Spread

SUN
vs
PKN

Over the past 12 months, SUN has underperformed PKN, delivering a return of +4% compared to the PKN's +93% growth.

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SUN
PKN
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Valuation Comparison

SUN Intrinsic Value
117.88 USD
Undervaluation 49%
Intrinsic Value
Price
PKN Intrinsic Value
93.34 PLN
Overvaluation 16%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Sunoco LP
NYSE:SUN
59.55 USD
Polski Koncern Naftowy Orlen SA
WSE:PKN
111.04 PLN
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
SUN, PKN

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PKN
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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
Sunoco LP
Revenue
Polski Koncern Naftowy Orlen SA
Revenue

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

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Profitability Comparison

Free Cash Flow
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PKN
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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
Sunoco LP
NYSE:SUN
Polski Koncern Naftowy Orlen SA
WSE:PKN
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What is Free Cash Flow?

Gross Margin

SUN
11.4%
PKN
17.6%

Operating Margin

SUN
4.6%
PKN
9.9%

Net Margin

SUN
1.8%
PKN
2.4%

FCF Margin

SUN
1.7%
PKN
5.6%

ROE

SUN
9.8%
PKN
4.4%

ROA

SUN
2.5%
PKN
2.5%

ROIC

SUN
7.4%
PKN
6.6%

ROCE

SUN
7%
PKN
13.5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
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Performance Gap
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SUN
PKN
Difference
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Performance By Year
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PKN
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