` Comparison: VBK vs PKN - Alpha Spread

VBK
vs
PKN

Over the past 12 months, VBK has significantly outperformed PKN, delivering a return of +214% compared to the PKN's +78% growth.

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VBK
PKN
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Valuation Comparison

VBK Intrinsic Value
9.6 EUR
Overvaluation 64%
Intrinsic Value
Price
PKN Intrinsic Value
84.71 PLN
Overvaluation 26%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Verbio Vereinigte Bioenergie AG
XETRA:VBK
26.92 EUR
Polski Koncern Naftowy Orlen SA
WSE:PKN
114 PLN
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Valuation Scenario:
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Base Case
Bull Case

Growth Comparison

Growth Over Time
VBK, PKN

VBK
PKN
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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
Verbio Vereinigte Bioenergie AG
Revenue
Polski Koncern Naftowy Orlen SA
Revenue

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

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Profitability Comparison

Free Cash Flow
VBK, PKN

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PKN
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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
Verbio Vereinigte Bioenergie AG
XETRA:VBK
Polski Koncern Naftowy Orlen SA
WSE:PKN
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What is Free Cash Flow?

Gross Margin

VBK
6.9%
PKN
17.4%

Operating Margin

VBK
-7.4%
PKN
9.9%

Net Margin

VBK
-7.2%
PKN
4.2%

FCF Margin

VBK
-7.1%
PKN
6.5%

ROE

VBK
-14.7%
PKN
7.5%

ROA

VBK
-9%
PKN
4.2%

ROIC

VBK
-11.9%
PKN
8.2%

ROCE

VBK
-11.8%
PKN
12.9%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
VBK, PKN

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Performance Gap
VBK, PKN

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VBK
PKN
Difference
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Performance By Year
VBK, PKN

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VBK
PKN
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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