` Comparison: KGN vs SREN - Alpha Spread

Z
KGN
vs
S
SREN

Over the past 12 months, KGN has significantly outperformed SREN, delivering a return of +49% compared to the SREN's 0% growth.

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KGN
SREN
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Valuation Comparison

Z
KGN Intrinsic Value
351.93 PLN
Undervaluation 79%
Intrinsic Value
Price
S
SREN Intrinsic Value
45.97 EUR
Overvaluation 31%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Z
Zespol Elektrocieplowni Wroclawskich Kogeneracja SA
WSE:KGN
72.5 PLN
S
Sempra
VSE:SREN
66.5 EUR
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Valuation Scenario:
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Growth Comparison

Growth Over Time
KGN, SREN

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SREN
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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
Z
Zespol Elektrocieplowni Wroclawskich Kogeneracja SA
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
KGN, SREN

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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
Z
Zespol Elektrocieplowni Wroclawskich Kogeneracja SA
WSE:KGN
S
Sempra
VSE:SREN
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What is Free Cash Flow?

Gross Margin

KGN
13.5%
SREN
0%

Operating Margin

KGN
8.3%
SREN
22.5%

Net Margin

KGN
7%
SREN
13.1%

FCF Margin

KGN
10.2%
SREN
-51.7%

ROE

KGN
7.5%
SREN
5.7%

ROA

KGN
4.4%
SREN
1.7%

ROIC

KGN
4.7%
SREN
1.2%

ROCE

KGN
6.8%
SREN
3.5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
KGN, SREN

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Performance Gap
KGN, SREN

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KGN
SREN
Difference
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Performance By Year
KGN, SREN

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KGN
SREN
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Compare KGN to other stocks
NG
National Grid PLC
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vs KGN
ENGI
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SRE
Sempra Energy
More expensive
vs KGN
EOAN
E.ON SE
More expensive
vs KGN
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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