` BTE (Baytex Energy Corp) vs CNQ (Canadian Natural Resources Ltd) Comparison - Alpha Spread

BTE
vs
CNQ

Over the past 12 months, BTE has underperformed CNQ, delivering a return of -39% compared to the CNQ's 4% drop.

Valuation Comparison

BTE Intrinsic Value
3.6 CAD
Undervaluation 21%
Intrinsic Value
Price
CNQ Intrinsic Value
53.79 CAD
Undervaluation 14%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Baytex Energy Corp
TSX:BTE
2.84 CAD
Canadian Natural Resources Ltd
TSX:CNQ
46 CAD

Financials Comparison

Growth Over Time
BTE vs CNQ

BTE
CNQ
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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
Baytex Energy Corp
Revenue
Canadian Natural Resources Ltd
Revenue

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

Profitability Comparison

Free Cash Flow
BTE vs CNQ

BTE
CNQ
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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
Baytex Energy Corp
TSX:BTE
Canadian Natural Resources Ltd
TSX:CNQ
What is Free Cash Flow?

Gross Margin

BTE
81.2%
CNQ
50.1%

Operating Margin

BTE
24.9%
CNQ
29.4%

Net Margin

BTE
9.6%
CNQ
19.8%

FCF Margin

BTE
20.5%
CNQ
0.2%

ROE

BTE
7.9%
CNQ
19%

ROA

BTE
4.1%
CNQ
9.4%

ROIC

BTE
8.1%
CNQ
11.2%

ROCE

BTE
11.7%
CNQ
15.7%

Stocks Performance

Stocks Performance
BTE vs CNQ

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BTE
CNQ
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1Y 3Y 5Y 10Y 15Y 20Y

Performance Gap
BTE vs CNQ

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BTE
CNQ
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
BTE vs CNQ

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BTE
CNQ
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