EN DE
STOCK COMPARISON

National Petroleum Co vs Alimentation Couchen Tard Inc A: Fair Value & Quality

Both stocks run through our valuation models. Here is how National Petroleum Co (9937) and Alimentation Couchen Tard Inc A (ATD) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Alimentation Couchen Tard Inc A as the more attractively valued of the two: National Petroleum Co trades at TWD 54.20 versus a fair value of TWD 39.25 (-28%), while Alimentation Couchen Tard Inc A trades at C$78.49 versus C$106 (+35%).
National Petroleum Co
9937.TW · TWD · Consumer Discretionary
-28%
upside to fair value
overvalued
PriceTWD 54.20
Fair ValueTWD 39.25
Quality62/100
Alimentation Couchen Tard Inc A
ATD.TO · CAD · Consumer Discretionary
+35%
upside to fair value
undervalued
PriceC$78.49
Fair ValueC$106
Quality63/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

National Petroleum CoAlimentation Couchen Tard Inc A
Valuation
23.1×P/E (TTM)16.4×
0.76×P/S (TTM)0.77×
2.89×P/B3.66×
16.3×EV/EBITDA10.6×
n/aPEG1.52×
−27.6%Fair value upside+34.5%
4.1%Dividend yield1.0%
TWD 2.20Dividend per shareC$0.82
Profitability
4%Operating margin9%
0.61×EBIT margin trend (5Y)0.75×
13%Return on equity20%
4%Return on assets7%
Growth
-7%Revenue growth (YoY)-22%
-2.3%Avg. growth/yr (3Y)2.1%
4.2%Avg. growth/yr (5Y)10.8%
+2.5%Value creation/yr+7.6%
Balance & size
26.9×Interest coverage (EBIT/interest)6.4×
n/aDebt / equity0.64×
$528MMarket cap$59B
weakGrowth qualityhealthy

Alimentation Couchen Tard Inc A leads: 4 to 10 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

National Petroleum Coof which business quality 62 · market factors 48 Alimentation Couchen Tard Inc Aof which business quality 60 · market factors 53
ProfitabilityMargins and returns on capital today
51
62
Quality GrowthAre margins and returns improving?
31
44
CashflowEarnings quality: real cash, not paper profit
50
48
Fin. StrengthBalance sheet, leverage, solvency risk
73
57
InvestmentDisciplined investing over empire-building
95
60
Low VolatilityCalm price path (market factor)
98
79
MomentumPrice trend over the last 3–12 months (market factor)
34
41
52W MomentumDistance to the 52-week high (market factor)
15
42
Net IssuanceShare count: buybacks or dilution?
82
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyNational Petroleum CoPrice TWD 54.20Alimentation Couchen Tard Inc APrice C$78.49
DCF Models-30%below the priceTWD 37.81+19%above the priceC$93.56
Earnings-Based-60%below the priceTWD 21.86-43%below the priceC$44.54
Dividend Discount-64%below the priceTWD 19.66-86%below the priceC$10.60
Multiples-21%below the priceTWD 42.99-15%close to the priceC$66.75
Asset-Based-77%below the priceTWD 12.63-85%below the priceC$11.80
Growth DCF-41%below the priceTWD 31.96+8%close to the priceC$85.07
Economic Profit-66%below the priceTWD 18.61-48%below the priceC$41.05
Growth Earnings-28%below the priceTWD 39.25-11%close to the priceC$70.03
Minimum-77%below the priceTWD 12.63-86%below the priceC$10.60
Maximum-21%below the priceTWD 42.99+19%above the priceC$93.56
Median-50%below the priceTWD 26.91-29%below the priceC$55.65
Geometric mean-52%below the priceTWD 25.95-47%below the priceC$41.33

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

National Petroleum Co: 24 of 24 models see the stock below the current price.

Alimentation Couchen Tard Inc A: 14 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

National Petroleum Co
Price TWD 54.20
Fair Value TWD 39.25
Bear TWD 27.48Bull TWD 50.03
Alimentation Couchen Tard Inc A
Price C$78.49
Fair Value C$106
Bear C$69.02Bull C$214

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

National Petroleum Co · Consumer Discretionary

Quality score62 · Top 25%
Fair value upside-28% · below median

Alimentation Couchen Tard Inc A · Consumer Discretionary

Quality score63 · Top 25%
Fair value upside+35% · above median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Alimentation Couchen Tard Inc A as the more attractively valued of the two: National Petroleum Co trades at TWD 54.20 versus a fair value of TWD 39.25 (-28%), while Alimentation Couchen Tard Inc A trades at C$78.49 versus C$106 (+35%).

Alimentation Couchen Tard Inc A has the higher quality score (63/100).

Open Alimentation Couchen Tard Inc A live analysis →
National Petroleum Co · Alimentation Couchen Tard Inc A

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Related to National Petroleum Co

Amazon.com vs Sony GroupAmazon.com vs Booking HoldingsMicrosoft vs NvidiaApple vs Microsoft

Related to Alimentation Couchen Tard Inc A

Nvidia vs Taiwan Semiconductor ManufacturingApple vs Taiwan Semiconductor ManufacturingAlphabet Inc Class C vs Meta PlatformsCisco Systems vs Nvidia
Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.