` Comparison: AVG, DGE - Alpha Spread

AVG
vs
DGE

Over the past 12 months, AVG has outperformed DGE, delivering a return of -27% compared to the DGE's 36% drop.

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AVG
DGE
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Valuation Comparison

AVG Intrinsic Value
0.43 AUD
Undervaluation 74%
Intrinsic Value
Price
DGE Intrinsic Value
2 777.36 GBX
Undervaluation 40%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Australian Vintage Ltd
ASX:AVG
0.11 AUD
Diageo PLC
LSE:DGE
1 664 GBX
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
AVG, DGE

AVG
DGE
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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
Australian Vintage Ltd
Revenue
Diageo PLC
Revenue

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

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Profitability Comparison

Free Cash Flow
AVG, DGE

AVG
DGE
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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
Australian Vintage Ltd
ASX:AVG
Diageo PLC
LSE:DGE
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What is Free Cash Flow?

Gross Margin

AVG
27%
DGE
60.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Australian Vintage Ltd
Diageo PLC

Operating Margin

AVG
1.5%
DGE
21.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Australian Vintage Ltd
Diageo PLC

Net Margin

AVG
-3.7%
DGE
11.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Australian Vintage Ltd
Diageo PLC

FCF Margin

AVG
-5.7%
DGE
13.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Australian Vintage Ltd
Diageo PLC

ROE

AVG
-4.7%
DGE
22.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Australian Vintage Ltd
Diageo PLC

ROA

AVG
-2.3%
DGE
5%
LTM 3Y Avg 5Y Avg 10Y Avg
Australian Vintage Ltd
Diageo PLC

ROIC

AVG
1.1%
DGE
8.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Australian Vintage Ltd
Diageo PLC

ROCE

AVG
1.2%
DGE
11.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Australian Vintage Ltd
Diageo PLC

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
AVG, DGE

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Performance Gap
AVG, DGE

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AVG
DGE
Difference
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Performance By Year
AVG, DGE

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AVG
DGE
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