` Comparison: FRE vs NOVN - Alpha Spread
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F
FRE
vs
NOVN

Over the past 12 months, FRE has underperformed NOVN, delivering a return of -39% compared to the NOVN's +33% growth.

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FRE
NOVN
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Stocks Compared:
FRE NOVN
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Valuation Comparison

FRE Intrinsic Value
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NOVN Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
F
Firebrick Pharma Ltd
ASX:FRE
0.055 AUD
Novartis AG
SIX:NOVN
129.8 CHF
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Valuation Scenario:
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Growth Comparison

Growth Over Time
FRE, NOVN

FRE
NOVN
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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
F
Firebrick Pharma Ltd
Revenue
Novartis AG
Revenue

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

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Profitability Comparison

Free Cash Flow
FRE, NOVN

FRE
NOVN
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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
F
Firebrick Pharma Ltd
ASX:FRE
Novartis AG
SIX:NOVN
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What is Free Cash Flow?

Gross Margin

FRE
35.7%
NOVN
75.8%
LTM 3Y Avg 5Y Avg 10Y Avg
F
Firebrick Pharma Ltd
Novartis AG

Operating Margin

FRE
-976.7%
NOVN
33.2%
LTM 3Y Avg 5Y Avg 10Y Avg
F
Firebrick Pharma Ltd
Novartis AG

Net Margin

FRE
-897.9%
NOVN
24.8%
LTM 3Y Avg 5Y Avg 10Y Avg
F
Firebrick Pharma Ltd
Novartis AG

FCF Margin

FRE
-634.7%
NOVN
27.1%
LTM 3Y Avg 5Y Avg 10Y Avg
F
Firebrick Pharma Ltd
Novartis AG

ROE

FRE
-143.5%
NOVN
31%
LTM 3Y Avg 5Y Avg 10Y Avg
F
Firebrick Pharma Ltd
Novartis AG

ROA

FRE
-124.4%
NOVN
13.1%
LTM 3Y Avg 5Y Avg 10Y Avg
F
Firebrick Pharma Ltd
Novartis AG

ROIC

FRE
-255.4%
NOVN
17.8%
LTM 3Y Avg 5Y Avg 10Y Avg
F
Firebrick Pharma Ltd
Novartis AG

ROCE

FRE
-156.1%
NOVN
23.8%
LTM 3Y Avg 5Y Avg 10Y Avg
F
Firebrick Pharma Ltd
Novartis AG

Solvency Comparison

F
Firebrick Pharma Ltd
Equity Waterfall
Assets
Liabilities
Equity
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Novartis AG
Equity Waterfall
Assets
Liabilities
Equity
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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
FRE, NOVN

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FRE
NOVN
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Performance Gap
FRE, NOVN

Performance Gap Between FRE and NOVN
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Performance By Year
FRE, NOVN

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FRE
NOVN
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