` Comparison: HAM, CNQ - Alpha Spread

H
HAM
vs
CNQ

Over the past 12 months, HAM has underperformed CNQ, delivering a return of -37% compared to the CNQ's 2% drop.

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HAM
CNQ
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Stocks Compared:
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Valuation Comparison

HAM Intrinsic Value
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CNQ Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
H
Highwood Asset Management Ltd
XTSX:HAM
3.9 CAD
Canadian Natural Resources Ltd
TSX:CNQ
44.62 CAD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
HAM, CNQ

HAM
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
H
Highwood Asset Management Ltd
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
HAM, CNQ

HAM
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
H
Highwood Asset Management Ltd
XTSX:HAM
Canadian Natural Resources Ltd
TSX:CNQ
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What is Free Cash Flow?

Gross Margin

HAM
72.1%
CNQ
48.9%

Operating Margin

HAM
36.2%
CNQ
26.6%

Net Margin

HAM
18.3%
CNQ
17.2%

FCF Margin

HAM
-3.8%
CNQ
-2.7%

ROE

HAM
12.9%
CNQ
16.6%

ROA

HAM
5.8%
CNQ
8.3%

ROIC

HAM
9.4%
CNQ
10.9%

ROCE

HAM
13.6%
CNQ
14.3%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HAM, CNQ

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CNQ
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Performance Gap
HAM, CNQ

Performance Gap Between HAM and CNQ
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Performance By Year
HAM, CNQ

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HAM
CNQ
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