` Comparison: WRG, NE - Alpha Spread

WRG
vs
NE

Over the past 12 months, WRG has outperformed NE, delivering a return of -23% compared to the NE's 38% drop.

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WRG
NE
One-click summary across all key metrics.
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One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
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Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
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Valuation Comparison

WRG Intrinsic Value
4.48 CAD
Undervaluation 54%
Intrinsic Value
Price
NE Intrinsic Value
46.16 USD
Undervaluation 38%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Western Energy Services Corp
TSX:WRG
2.06 CAD
Noble Corp (Cayman Island)
NYSE:NE
28.51 USD
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
WRG, NE

Revenue
www.alphaspread.com
Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Western Energy Services Corp
Revenue
Noble Corp (Cayman Island)
Revenue

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

Profitability Comparison

Free Cash Flow
WRG, NE

Free Cash Flow
www.alphaspread.com
Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Western Energy Services Corp
TSX:WRG
Noble Corp (Cayman Island)
NYSE:NE
What is Free Cash Flow?

Gross Margin

WRG
27.6%
NE
43%

Operating Margin

WRG
0.5%
NE
23.7%

Net Margin

WRG
-2.8%
NE
14%

FCF Margin

WRG
10%
NE
8.4%

ROE

WRG
-2.2%
NE
10.8%

ROA

WRG
-1.5%
NE
6.9%

ROIC

WRG
0.2%
NE
10.7%

ROCE

WRG
0.3%
NE
13.2%

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
WRG, NE

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Performance Gap
WRG, NE

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WRG
NE
Difference
www.alphaspread.com

Performance By Year
WRG, NE

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