` Comparison: CTA vs CNQ - Alpha Spread

CTA
vs
CNQ

Over the past 12 months, CTA has underperformed CNQ, delivering a return of -45% compared to the CNQ's +28% growth.

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CTA
CNQ
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Valuation Comparison

CTA Intrinsic Value
Not Available
CNQ Intrinsic Value
53.11 CAD
Overvaluation 4%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Centaurus Energy Inc
XTSX:CTA
1.65 CAD
Canadian Natural Resources Ltd
TSX:CNQ
55.08 CAD
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
CTA, CNQ

CTA
CNQ
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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
Centaurus Energy Inc
Revenue
Canadian Natural Resources Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
CTA, CNQ

CTA
CNQ
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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
Centaurus Energy Inc
XTSX:CTA
Canadian Natural Resources Ltd
TSX:CNQ
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What is Free Cash Flow?

Gross Margin

CTA
0%
CNQ
48.8%

Operating Margin

CTA
-5 700%
CNQ
26.6%

Net Margin

CTA
-800%
CNQ
17.2%

FCF Margin

CTA
-6 892.3%
CNQ
-2.7%

ROE

CTA
-1.2%
CNQ
16.6%

ROA

CTA
-0.7%
CNQ
8.3%

ROIC

CTA
-5.9%
CNQ
10.9%

ROCE

CTA
-8.5%
CNQ
14.2%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
CTA, CNQ

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Performance Gap
CTA, CNQ

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CTA
CNQ
Difference
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Performance By Year
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CTA
CNQ
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