` Comparison: ACO.X, SRE - Alpha Spread

ACO.X
vs
SRE

Over the past 12 months, ACO.X has outperformed SRE, delivering a return of +18% compared to the SRE's +1% growth.

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ACO.X
SRE
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Valuation Comparison

ACO.X Intrinsic Value
108.41 CAD
Undervaluation 49%
Intrinsic Value
Price
SRE Intrinsic Value
75.21 USD
Overvaluation 14%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Atco Ltd
TSX:ACO.X
55.57 CAD
Sempra Energy
NYSE:SRE
87.25 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
ACO.X, SRE

ACO.X
SRE
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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
Sempra Energy
Revenue

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

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Profitability Comparison

Free Cash Flow
ACO.X, SRE

ACO.X
SRE
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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
Sempra Energy
NYSE:SRE
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What is Free Cash Flow?

Gross Margin

ACO.X
74.9%
SRE
0%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
Sempra Energy

Operating Margin

ACO.X
24.6%
SRE
22.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
Sempra Energy

Net Margin

ACO.X
8.4%
SRE
15.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
Sempra Energy

FCF Margin

ACO.X
9%
SRE
-42.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
Sempra Energy

ROE

ACO.X
9.3%
SRE
6.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
Sempra Energy

ROA

ACO.X
1.6%
SRE
2.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
Sempra Energy

ROIC

ACO.X
4%
SRE
1.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
Sempra Energy

ROCE

ACO.X
4.9%
SRE
3.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Atco Ltd
Sempra Energy

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ACO.X, SRE

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Performance Gap
ACO.X, SRE

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

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ACO.X
SRE
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