` Comparison: UMG, WBD - Alpha Spread

UMG
vs
WBD

Over the past 12 months, UMG has underperformed WBD, delivering a return of -7% compared to the WBD's +142% growth.

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UMG
WBD
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Valuation Comparison

UMG Intrinsic Value
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WBD Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Universal Music Group NV
AEX:UMG
21.82 EUR
Warner Bros Discovery Inc
NASDAQ:WBD
25.844 USD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
UMG, WBD

UMG
WBD
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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
Universal Music Group NV
Revenue
Warner Bros Discovery Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
UMG, WBD

UMG
WBD
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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
Universal Music Group NV
AEX:UMG
Warner Bros Discovery Inc
NASDAQ:WBD
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What is Free Cash Flow?

Gross Margin

UMG
0%
WBD
44.9%

Operating Margin

UMG
32.8%
WBD
4.6%

Net Margin

UMG
37%
WBD
1.3%

FCF Margin

UMG
11.1%
WBD
10.9%

ROE

UMG
135.4%
WBD
1.4%

ROA

UMG
33.6%
WBD
0.5%

ROIC

UMG
47.3%
WBD
0.4%

ROCE

UMG
52.2%
WBD
2%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
UMG, WBD

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Performance Gap
UMG, WBD

Performance Gap Between UMG and WBD
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Performance By Year
UMG, WBD

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UMG
WBD
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