` Comparison: SPRC vs PKN - Alpha Spread

S
SPRC
vs
PKN

Over the past 12 months, SPRC has underperformed PKN, delivering a return of +28% compared to the PKN's +100% growth.

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SPRC
PKN
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Valuation Comparison

S
SPRC Intrinsic Value
20.05 THB
Undervaluation 66%
Intrinsic Value
Price
PKN Intrinsic Value
93.34 PLN
Overvaluation 11%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
S
Star Petroleum Refining PCL
SET:SPRC
6.9 THB
Polski Koncern Naftowy Orlen SA
WSE:PKN
104.64 PLN
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Valuation Scenario:
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Growth Comparison

Growth Over Time
SPRC, 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
S
Star Petroleum Refining PCL
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
SPRC, PKN

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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
S
Star Petroleum Refining PCL
SET:SPRC
Polski Koncern Naftowy Orlen SA
WSE:PKN
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What is Free Cash Flow?

Gross Margin

SPRC
1.8%
PKN
17.6%

Operating Margin

SPRC
0.6%
PKN
9.9%

Net Margin

SPRC
0.7%
PKN
2.4%

FCF Margin

SPRC
3.1%
PKN
5.6%

ROE

SPRC
4.4%
PKN
4.4%

ROA

SPRC
2.5%
PKN
2.5%

ROIC

SPRC
2.4%
PKN
6.6%

ROCE

SPRC
3.3%
PKN
13.5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SPRC, PKN

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Performance Gap
SPRC, PKN

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SPRC
PKN
Difference
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Performance By Year
SPRC, PKN

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SPRC
PKN
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