` Comparison: ACO.X, NG - Alpha Spread

ACO.X
vs
NG

Over the past 12 months, ACO.X has outperformed NG, delivering a return of +26% compared to the NG's +19% growth.

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ACO.X
NG
One-click summary across all key metrics.
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One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
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Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
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Valuation Comparison

ACO.X Intrinsic Value
115.43 CAD
Undervaluation 56%
Intrinsic Value
Price
NG Intrinsic Value
1 158.16 GBX
Undervaluation 7%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Atco Ltd
TSX:ACO.X
50.91 CAD
National Grid PLC
LSE:NG
1 075.5 GBX
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
ACO.X, NG

ACO.X
NG
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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
Atco Ltd
Revenue
National Grid PLC
Revenue

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

Profitability Comparison

Free Cash Flow
ACO.X, NG

ACO.X
NG
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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
Atco Ltd
TSX:ACO.X
National Grid PLC
LSE:NG
What is Free Cash Flow?

Gross Margin

ACO.X
76%
NG
83.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
National Grid PLC

Operating Margin

ACO.X
23.6%
NG
28.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
National Grid PLC

Net Margin

ACO.X
8.5%
NG
15.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
National Grid PLC

FCF Margin

ACO.X
9.7%
NG
-14.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
National Grid PLC

ROE

ACO.X
9.3%
NG
8.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
National Grid PLC

ROA

ACO.X
1.6%
NG
2.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
National Grid PLC

ROIC

ACO.X
3.8%
NG
4.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
National Grid PLC

ROCE

ACO.X
4.8%
NG
5.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
National Grid PLC

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
ACO.X, NG

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Performance Gap
ACO.X, NG

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ACO.X
NG
Difference
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Performance By Year
ACO.X, NG

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ACO.X
NG
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