` Comparison: ZAP vs CF - Alpha Spread

G
ZAP
vs
CF

Over the past 12 months, ZAP has underperformed CF, delivering a return of -1% compared to the CF's +23% growth.

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ZAP
CF
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Valuation Comparison

ZAP Intrinsic Value
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CF Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
G
Grupa Azoty Zaklady Azotowe Pulawy SA
WSE:ZAP
47.4 PLN
CF Industries Holdings Inc
NYSE:CF
99.615 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
ZAP, CF

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
G
Grupa Azoty Zaklady Azotowe Pulawy SA
Revenue
CF Industries Holdings Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
ZAP, CF

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
G
Grupa Azoty Zaklady Azotowe Pulawy SA
WSE:ZAP
CF Industries Holdings Inc
NYSE:CF
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What is Free Cash Flow?

Gross Margin

ZAP
3.3%
CF
38.5%

Operating Margin

ZAP
-14.7%
CF
33.7%

Net Margin

ZAP
-2.9%
CF
20.5%

FCF Margin

ZAP
79%
CF
25.4%

ROE

ZAP
-4%
CF
29.6%

ROA

ZAP
-1.8%
CF
10.5%

ROIC

ZAP
-36.5%
CF
16.7%

ROCE

ZAP
-17%
CF
18.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ZAP, CF

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Performance Gap
ZAP, CF

Performance Gap Between ZAP and CF
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Performance By Year
ZAP, CF

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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