WallStSmart

Black Stone Minerals LP (BSM)vsCanadian Natural Resources Ltd (CNQ)

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Smart Verdict

WallStSmart Research — data-driven comparison

Canadian Natural Resources Ltd generates 9567% more annual revenue ($38.76B vs $400.98M). BSM leads profitability with a 74.8% profit margin vs 27.9%. BSM appears more attractively valued with a PEG of 1.22. CNQ earns a higher WallStSmart Score of 67/100 (B-).

BSM

Strong Buy

66

out of 100

Grade: B-

Growth: 4.7Profit: 10.0Value: 10.0Quality: 5.0

CNQ

Strong Buy

67

out of 100

Grade: B-

Growth: 3.3Profit: 8.5Value: 7.3Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BSMUndervalued (+74.6%)

Margin of Safety

+74.6%

Fair Value

$59.90

Current Price

$15.21

$44.69 discount

UndervaluedFair: $59.90Overvalued
CNQUndervalued (+76.9%)

Margin of Safety

+76.9%

Fair Value

$175.97

Current Price

$49.02

$126.95 discount

UndervaluedFair: $175.97Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BSM5 strengths · Avg: 9.8/10
P/E RatioValuation
11.9x10/10

Attractively priced relative to earnings

Profit MarginProfitability
74.8%10/10

Keeps 75 of every $100 in revenue as profit

Operating MarginProfitability
82.7%10/10

Strong operational efficiency at 82.7%

EPS GrowthGrowth
65.5%10/10

Earnings expanding 65.5% YoY

Return on EquityProfitability
26.6%9/10

Every $100 of equity generates 27 in profit

CNQ5 strengths · Avg: 8.6/10
Market CapQuality
$102.25B9/10

Large-cap with strong market position

Return on EquityProfitability
25.8%9/10

Every $100 of equity generates 26 in profit

Profit MarginProfitability
27.9%9/10

Keeps 28 of every $100 in revenue as profit

P/E RatioValuation
13.0x8/10

Attractively priced relative to earnings

Free Cash FlowQuality
$2.31B8/10

Generating 2.3B in free cash flow

Areas to Watch

BSM1 concerns · Avg: 2.0/10
Revenue GrowthGrowth
-11.6%2/10

Revenue declined 11.6%

CNQ3 concerns · Avg: 3.3/10
Revenue GrowthGrowth
1.5%4/10

1.5% revenue growth

EPS GrowthGrowth
3.7%4/10

3.7% earnings growth

PEG RatioValuation
3.422/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : BSM

The strongest argument for BSM centers on P/E Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 74.8% and operating margin at 82.7%. PEG of 1.22 suggests the stock is reasonably priced for its growth.

Bull Case : CNQ

The strongest argument for CNQ centers on Market Cap, Return on Equity, Profit Margin. Profitability is solid with margins at 27.9% and operating margin at 19.6%.

Bear Case : BSM

The primary concerns for BSM are Revenue Growth.

Bear Case : CNQ

The primary concerns for CNQ are Revenue Growth, EPS Growth, PEG Ratio.

Key Dynamics to Monitor

BSM profiles as a declining stock while CNQ is a value play — different risk/reward profiles.

CNQ carries more volatility with a beta of 1.06 — expect wider price swings.

CNQ is growing revenue faster at 1.5% — sustainability is the question.

CNQ generates stronger free cash flow (2.3B), providing more financial flexibility.

Bottom Line

CNQ scores higher overall (67/100 vs 66/100), backed by strong 27.9% margins. BSM offers better value entry with a 74.6% margin of safety. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Black Stone Minerals LP

ENERGY · OIL & GAS E&P · USA

Black Stone Minerals, LP, owns and manages oil and natural gas mining interests. The company is headquartered in Houston, Texas.

Canadian Natural Resources Ltd

ENERGY · OIL & GAS E&P · USA

Canadian Natural Resources Limited acquires, explores, develops, produces, markets and sells crude oil, natural gas and natural gas liquids (NGL). The company is headquartered in Calgary, Canada.

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