` Comparison: IMO, CVX - Alpha Spread

IMO
vs
CVX

Over the past 12 months, IMO has significantly outperformed CVX, delivering a return of +34% compared to the CVX's +0% growth.

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IMO
CVX
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Valuation Comparison

IMO Intrinsic Value
135.89 CAD
Undervaluation 7%
Intrinsic Value
Price
CVX Intrinsic Value
153.27 USD
Undervaluation 2%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Imperial Oil Ltd
TSX:IMO
126.51 CAD
Chevron Corp
NYSE:CVX
149.99 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
IMO, CVX

IMO
CVX
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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
Imperial Oil Ltd
Revenue
Chevron Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
IMO, CVX

IMO
CVX
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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
Imperial Oil Ltd
TSX:IMO
Chevron Corp
NYSE:CVX
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What is Free Cash Flow?

Gross Margin

IMO
22.6%
CVX
39.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Imperial Oil Ltd
Chevron Corp

Operating Margin

IMO
10.4%
CVX
10.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Imperial Oil Ltd
Chevron Corp

Net Margin

IMO
8.3%
CVX
6.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Imperial Oil Ltd
Chevron Corp

FCF Margin

IMO
9.9%
CVX
8.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Imperial Oil Ltd
Chevron Corp

ROE

IMO
16.9%
CVX
7.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Imperial Oil Ltd
Chevron Corp

ROA

IMO
9.4%
CVX
4.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Imperial Oil Ltd
Chevron Corp

ROIC

IMO
11.2%
CVX
4.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Imperial Oil Ltd
Chevron Corp

ROCE

IMO
13.9%
CVX
7.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Imperial Oil Ltd
Chevron Corp

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
IMO, CVX

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Performance Gap
IMO, CVX

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IMO
CVX
Difference
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Performance By Year
IMO, CVX

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IMO
CVX
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