` Comparison: BOT vs MRK - Alpha Spread

BOT
vs
MRK

Over the past 12 months, BOT has underperformed MRK, delivering a return of -78% compared to the MRK's +37% growth.

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BOT
MRK
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Valuation Comparison

BOT Intrinsic Value
0.269 AUD
Undervaluation 57%
Intrinsic Value
Price
MRK Intrinsic Value
113.84 USD
Overvaluation 3%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Botanix Pharmaceuticals Ltd
ASX:BOT
0.115 AUD
Merck & Co Inc
NYSE:MRK
117.41 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
BOT, MRK

BOT
MRK
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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
Botanix Pharmaceuticals Ltd
Revenue
Merck & Co Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
BOT, MRK

BOT
MRK
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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
Botanix Pharmaceuticals Ltd
ASX:BOT
Merck & Co Inc
NYSE:MRK
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What is Free Cash Flow?

Gross Margin

BOT
37%
MRK
81.5%

Operating Margin

BOT
-1 528.9%
MRK
41.2%

Net Margin

BOT
-1 500.6%
MRK
28.1%

FCF Margin

BOT
-1 383.2%
MRK
20.1%

ROE

BOT
-90.9%
MRK
37.2%

ROA

BOT
-71.5%
MRK
14.8%

ROIC

BOT
-213.7%
MRK
22.5%

ROCE

BOT
-82.7%
MRK
28.2%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
BOT, MRK

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Performance Gap
BOT, MRK

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BOT
MRK
Difference
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Performance By Year
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MRK
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