` Comparison: ALA, ATO - Alpha Spread

ALA
vs
ATO

Over the past 12 months, ALA has underperformed ATO, delivering a return of +24% compared to the ATO's +26% growth.

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ALA
ATO
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One-click summary across all key metrics.
Ranked results with clear takeaways.
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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

ALA Intrinsic Value
70.07 CAD
Undervaluation 42%
Intrinsic Value
Price
ATO Intrinsic Value
152.35 USD
Overvaluation 3%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
AltaGas Ltd
TSX:ALA
40.35 CAD
Atmos Energy Corp
NYSE:ATO
157.09 USD
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
ALA, ATO

ALA
ATO
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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
AltaGas Ltd
Revenue
Atmos Energy Corp
Revenue

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

Profitability Comparison

Free Cash Flow
ALA, ATO

ALA
ATO
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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
AltaGas Ltd
TSX:ALA
Atmos Energy Corp
NYSE:ATO
What is Free Cash Flow?

Gross Margin

ALA
25.7%
ATO
78.1%
LTM 3Y Avg 5Y Avg 10Y Avg
AltaGas Ltd
Atmos Energy Corp

Operating Margin

ALA
8%
ATO
33.3%
LTM 3Y Avg 5Y Avg 10Y Avg
AltaGas Ltd
Atmos Energy Corp

Net Margin

ALA
4.4%
ATO
25.3%
LTM 3Y Avg 5Y Avg 10Y Avg
AltaGas Ltd
Atmos Energy Corp

FCF Margin

ALA
1.1%
ATO
-29.1%
LTM 3Y Avg 5Y Avg 10Y Avg
AltaGas Ltd
Atmos Energy Corp

ROE

ALA
6.5%
ATO
9.2%
LTM 3Y Avg 5Y Avg 10Y Avg
AltaGas Ltd
Atmos Energy Corp

ROA

ALA
2.3%
ATO
4.5%
LTM 3Y Avg 5Y Avg 10Y Avg
AltaGas Ltd
Atmos Energy Corp

ROIC

ALA
3.6%
ATO
4.9%
LTM 3Y Avg 5Y Avg 10Y Avg
AltaGas Ltd
Atmos Energy Corp

ROCE

ALA
4.6%
ATO
6.1%
LTM 3Y Avg 5Y Avg 10Y Avg
AltaGas Ltd
Atmos Energy Corp

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
ALA, ATO

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Performance Gap
ALA, ATO

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ALA
ATO
Difference
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Performance By Year
ALA, ATO

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ALA
ATO
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