` Comparison: APAM, KIO - Alpha Spread

APAM
vs
K
KIO

Over the past 12 months, APAM has significantly outperformed KIO, delivering a return of +37% compared to the KIO's +6% growth.

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APAM
KIO
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Valuation Comparison

APAM Intrinsic Value
65.98 EUR
Undervaluation 48%
Intrinsic Value
Price
K
KIO Intrinsic Value
Not Available
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Aperam SA
AEX:APAM
34.58 EUR
K
Kumba Iron Ore Ltd
JSE:KIO
34 090 Zac
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
APAM, KIO

APAM
KIO
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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
Aperam SA
Revenue
K
Kumba Iron Ore Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
APAM, KIO

APAM
KIO
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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
Aperam SA
AEX:APAM
K
Kumba Iron Ore Ltd
JSE:KIO
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What is Free Cash Flow?

Gross Margin

APAM
0%
KIO
82.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Aperam SA
K
Kumba Iron Ore Ltd

Operating Margin

APAM
0%
KIO
33%
LTM 3Y Avg 5Y Avg 10Y Avg
Aperam SA
K
Kumba Iron Ore Ltd

Net Margin

APAM
1.6%
KIO
21.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Aperam SA
K
Kumba Iron Ore Ltd

FCF Margin

APAM
2.9%
KIO
26.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Aperam SA
K
Kumba Iron Ore Ltd

ROE

APAM
4.6%
KIO
28.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Aperam SA
K
Kumba Iron Ore Ltd

ROA

APAM
3%
KIO
15.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Aperam SA
K
Kumba Iron Ore Ltd

ROIC

APAM
0%
KIO
22.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Aperam SA
K
Kumba Iron Ore Ltd

ROCE

APAM
0%
KIO
26%
LTM 3Y Avg 5Y Avg 10Y Avg
Aperam SA
K
Kumba Iron Ore Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
APAM, KIO

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Performance Gap
APAM, KIO

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APAM
KIO
Difference
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Performance By Year
APAM, KIO

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APAM
KIO
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