` Comparison: ES vs PKN - Alpha Spread

ES
vs
PKN

Over the past 12 months, ES has underperformed PKN, delivering a return of +29% compared to the PKN's +96% growth.

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ES
PKN
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Valuation Comparison

ES Intrinsic Value
Not Available
PKN Intrinsic Value
93.34 PLN
Overvaluation 15%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Esso Societe Anonyme Francaise SA
PAR:ES
43.3 EUR
Polski Koncern Naftowy Orlen SA
WSE:PKN
109.8 PLN
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
ES, PKN

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
Esso Societe Anonyme Francaise SA
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
ES, PKN

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
Esso Societe Anonyme Francaise SA
PAR:ES
Polski Koncern Naftowy Orlen SA
WSE:PKN
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What is Free Cash Flow?

Gross Margin

ES
2.6%
PKN
17.6%

Operating Margin

ES
0.5%
PKN
9.9%

Net Margin

ES
0.6%
PKN
2.4%

FCF Margin

ES
3.6%
PKN
5.6%

ROE

ES
4.7%
PKN
4.4%

ROA

ES
2.4%
PKN
2.5%

ROIC

ES
4.3%
PKN
6.6%

ROCE

ES
3.6%
PKN
13.5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ES, PKN

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Performance Gap
ES, PKN

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ES
PKN
Difference
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Performance By Year
ES, PKN

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