` Comparison: PHX vs VAL - Alpha Spread

PHX
vs
VAL

Over the past 12 months, PHX has underperformed VAL, delivering a return of +1% compared to the VAL's +134% growth.

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PHX
VAL
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Valuation Comparison

PHX Intrinsic Value
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VAL Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
PHX Energy Services Corp
TSX:PHX
9.07 CAD
Valaris Ltd
NYSE:VAL
95.88 USD
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
PHX, VAL

PHX
VAL
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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
PHX Energy Services Corp
Revenue
Valaris Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
PHX, VAL

PHX
VAL
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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
PHX Energy Services Corp
TSX:PHX
Valaris Ltd
NYSE:VAL
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What is Free Cash Flow?

Gross Margin

PHX
16%
VAL
0%

Operating Margin

PHX
5.8%
VAL
20.9%

Net Margin

PHX
7.3%
VAL
41.5%

FCF Margin

PHX
-3.5%
VAL
8.6%

ROE

PHX
23.6%
VAL
36.3%

ROA

PHX
12.3%
VAL
20.2%

ROIC

PHX
10.8%
VAL
21.8%

ROCE

PHX
13.6%
VAL
11.9%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
PHX, VAL

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Performance Gap
PHX, VAL

Performance Gap Between PHX and VAL
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Performance By Year
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PHX
VAL
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