` Comparison: REP vs SHEL - Alpha Spread

REP
vs
SHEL

Over the past 12 months, REP has significantly outperformed SHEL, delivering a return of +137% compared to the SHEL's +49% growth.

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REP
SHEL
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Valuation Comparison

REP Intrinsic Value
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SHEL Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Repsol SA
XETRA:REP
24.2 EUR
Shell PLC
LSE:SHEL
3 543.5 GBX
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
REP, SHEL

REP
SHEL
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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
Repsol SA
Revenue
Shell PLC
Revenue

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

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Profitability Comparison

Free Cash Flow
REP, SHEL

REP
SHEL
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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
Repsol SA
XETRA:REP
Shell PLC
LSE:SHEL
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What is Free Cash Flow?

Gross Margin

REP
23.7%
SHEL
25.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Repsol SA
Shell PLC

Operating Margin

REP
4.7%
SHEL
11.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Repsol SA
Shell PLC

Net Margin

REP
3.3%
SHEL
6.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Repsol SA
Shell PLC

FCF Margin

REP
3%
SHEL
9%
LTM 3Y Avg 5Y Avg 10Y Avg
Repsol SA
Shell PLC

ROE

REP
7.1%
SHEL
10.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Repsol SA
Shell PLC

ROA

REP
3%
SHEL
4.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Repsol SA
Shell PLC

ROIC

REP
4.4%
SHEL
6.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Repsol SA
Shell PLC

ROCE

REP
5.5%
SHEL
10.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Repsol SA
Shell PLC

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
REP, SHEL

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Performance Gap
REP, SHEL

Performance Gap Between REP and SHEL
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Performance By Year
REP, SHEL

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REP
SHEL
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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