` Comparison: PNE vs COP - Alpha Spread

P
PNE
vs
COP

Over the past 12 months, PNE has underperformed COP, delivering a return of +8% compared to the COP's +38% growth.

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PNE
COP
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Valuation Comparison

P
PNE Intrinsic Value
0.66 CAD
Undervaluation 4%
Intrinsic Value
Price CA$0.64
COP Intrinsic Value
126.08 USD
Undervaluation 6%
Intrinsic Value
Price $118.79
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
P
Pine Cliff Energy Ltd
TSX:PNE
0.64 CAD
Conocophillips
NYSE:COP
118.79 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
PNE, COP

PNE
COP
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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
P
Pine Cliff Energy Ltd
Revenue
Conocophillips
Revenue

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

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Profitability Comparison

Free Cash Flow
PNE, COP

PNE
COP
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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
P
Pine Cliff Energy Ltd
TSX:PNE
Conocophillips
NYSE:COP
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What is Free Cash Flow?

Gross Margin

PNE
34.9%
COP
44.6%
LTM 3Y Avg 5Y Avg 10Y Avg
P
Pine Cliff Energy Ltd
Conocophillips

Operating Margin

PNE
-12.1%
COP
19.1%
LTM 3Y Avg 5Y Avg 10Y Avg
P
Pine Cliff Energy Ltd
Conocophillips

Net Margin

PNE
-7.4%
COP
13.5%
LTM 3Y Avg 5Y Avg 10Y Avg
P
Pine Cliff Energy Ltd
Conocophillips

FCF Margin

PNE
6%
COP
12.3%
LTM 3Y Avg 5Y Avg 10Y Avg
P
Pine Cliff Energy Ltd
Conocophillips

ROE

PNE
-26.9%
COP
12.3%
LTM 3Y Avg 5Y Avg 10Y Avg
P
Pine Cliff Energy Ltd
Conocophillips

ROA

PNE
-3.4%
COP
6.5%
LTM 3Y Avg 5Y Avg 10Y Avg
P
Pine Cliff Energy Ltd
Conocophillips

ROIC

PNE
-5%
COP
6.5%
LTM 3Y Avg 5Y Avg 10Y Avg
P
Pine Cliff Energy Ltd
Conocophillips

ROCE

PNE
-6.8%
COP
10.2%
LTM 3Y Avg 5Y Avg 10Y Avg
P
Pine Cliff Energy Ltd
Conocophillips

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
PNE, COP

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Performance Gap
PNE, COP

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PNE
COP
Difference
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Performance By Year
PNE, COP

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PNE
COP
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett