` Comparison: PEN, CNQ - Alpha Spread

P
PEN
vs
CNQ

Over the past 12 months, PEN has underperformed CNQ, delivering a return of -26% compared to the CNQ's +0% growth.

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PEN
CNQ
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Stocks Compared:
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Valuation Comparison

P
PEN Intrinsic Value
63.14 NOK
Undervaluation 68%
Intrinsic Value
Price
CNQ Intrinsic Value
48.92 CAD
Undervaluation 8%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
P
Panoro Energy ASA
OSE:PEN
20.1 NOK
Canadian Natural Resources Ltd
TSX:CNQ
44.97 CAD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
PEN, CNQ

PEN
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
Panoro Energy ASA
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
PEN, CNQ

PEN
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
Panoro Energy ASA
OSE:PEN
Canadian Natural Resources Ltd
TSX:CNQ
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What is Free Cash Flow?

Gross Margin

PEN
121.4%
CNQ
48.9%

Operating Margin

PEN
31.7%
CNQ
26.6%

Net Margin

PEN
16.4%
CNQ
17.2%

FCF Margin

PEN
-14.5%
CNQ
-2.7%

ROE

PEN
13.8%
CNQ
16.6%

ROA

PEN
5.1%
CNQ
8.3%

ROIC

PEN
7.9%
CNQ
10.9%

ROCE

PEN
11.4%
CNQ
14.3%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
PEN, CNQ

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Performance Gap
PEN, CNQ

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PEN
CNQ
Difference
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Performance By Year
PEN, CNQ

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