` Comparison: CU, SREN - Alpha Spread

C
CU
vs
S
SREN

Over the past 12 months, CU has outperformed SREN, delivering a return of +17% compared to the SREN's 0% growth.

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CU
SREN
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Valuation Comparison

C
CU Intrinsic Value
59.33 CAD
Undervaluation 30%
Intrinsic Value
Price
S
SREN Intrinsic Value
99.72 EUR
Undervaluation 33%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
C
Canadian Utilities Ltd
TSX:CU
41.52 CAD
S
Sempra
VSE:SREN
66.5 EUR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
CU, SREN

CU
SREN
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Revenue
www.alphaspread.com
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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
C
Canadian Utilities Ltd
Revenue
S
Sempra
Revenue

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

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Profitability Comparison

Free Cash Flow
CU, SREN

CU
SREN
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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
C
Canadian Utilities Ltd
TSX:CU
S
Sempra
VSE:SREN
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What is Free Cash Flow?

Gross Margin

CU
88.7%
SREN
0%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Canadian Utilities Ltd
S
Sempra

Operating Margin

CU
31.5%
SREN
22.5%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Canadian Utilities Ltd
S
Sempra

Net Margin

CU
14.4%
SREN
15.4%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Canadian Utilities Ltd
S
Sempra

FCF Margin

CU
9.6%
SREN
-42.9%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Canadian Utilities Ltd
S
Sempra

ROE

CU
7.7%
SREN
6.9%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Canadian Utilities Ltd
S
Sempra

ROA

CU
2.2%
SREN
2.1%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Canadian Utilities Ltd
S
Sempra

ROIC

CU
4%
SREN
1.6%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Canadian Utilities Ltd
S
Sempra

ROCE

CU
5%
SREN
3.6%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Canadian Utilities Ltd
S
Sempra

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
CU, SREN

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Performance Gap
CU, SREN

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CU
SREN
Difference
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Performance By Year
CU, SREN

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CU
SREN
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