` Comparison: ZEP vs CEG - Alpha Spread

Z
ZEP
vs
CEG

Over the past 12 months, ZEP has underperformed CEG, delivering a return of +6% compared to the CEG's +35% growth.

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ZEP
CEG
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Valuation Comparison

Z
ZEP Intrinsic Value
34.76 PLN
Undervaluation 47%
Intrinsic Value
Price zł18.36
CEG Intrinsic Value
225.58 USD
Overvaluation 20%
Intrinsic Value
Price $280.25
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Z
Ze Pak Sa
WSE:ZEP
18.36 PLN
Constellation Energy Corp
NASDAQ:CEG
280.25 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
ZEP, CEG

ZEP
CEG
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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
Ze Pak Sa
Revenue
Constellation Energy Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
ZEP, CEG

ZEP
CEG
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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
Ze Pak Sa
WSE:ZEP
Constellation Energy Corp
NASDAQ:CEG
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What is Free Cash Flow?

Gross Margin

ZEP
15.1%
CEG
42.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Z
Ze Pak Sa
Constellation Energy Corp

Operating Margin

ZEP
3.6%
CEG
12.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Z
Ze Pak Sa
Constellation Energy Corp

Net Margin

ZEP
0.3%
CEG
9.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Z
Ze Pak Sa
Constellation Energy Corp

FCF Margin

ZEP
-42.2%
CEG
5%
LTM 3Y Avg 5Y Avg 10Y Avg
Z
Ze Pak Sa
Constellation Energy Corp

ROE

ZEP
0.2%
CEG
16.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Z
Ze Pak Sa
Constellation Energy Corp

ROA

ZEP
0.1%
CEG
4.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Z
Ze Pak Sa
Constellation Energy Corp

ROIC

ZEP
1.6%
CEG
4.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Z
Ze Pak Sa
Constellation Energy Corp

ROCE

ZEP
2.1%
CEG
6.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Z
Ze Pak Sa
Constellation Energy Corp

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ZEP, CEG

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Performance Gap
ZEP, CEG

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ZEP
CEG
Difference
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Performance By Year
ZEP, CEG

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ZEP
CEG
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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