` Comparison: HGV, HEIO - Alpha Spread

H
HGV
vs
HEIO

Over the past 12 months, HGV has underperformed HEIO, delivering a return of +4% compared to the HEIO's +7% growth.

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HGV
HEIO
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Valuation Comparison

HGV Intrinsic Value
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HEIO Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
H
Hygrovest Ltd
ASX:HGV
0.05 AUD
Heineken Holding NV
AEX:HEIO
62.25 EUR
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Valuation Scenario:
Bear Case
Base Case
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Growth Comparison

Growth Over Time
HGV, HEIO

HGV
HEIO
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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
H
Hygrovest Ltd
Revenue
Heineken Holding NV
Revenue

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

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Profitability Comparison

Free Cash Flow
HGV, HEIO

HGV
HEIO
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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
H
Hygrovest Ltd
ASX:HGV
Heineken Holding NV
AEX:HEIO
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What is Free Cash Flow?

Gross Margin

HGV
0%
HEIO
35.1%
LTM 3Y Avg 5Y Avg 10Y Avg
H
Hygrovest Ltd
Heineken Holding NV

Operating Margin

HGV
-435.9%
HEIO
11.4%
LTM 3Y Avg 5Y Avg 10Y Avg
H
Hygrovest Ltd
Heineken Holding NV

Net Margin

HGV
-63.6%
HEIO
3.2%
LTM 3Y Avg 5Y Avg 10Y Avg
H
Hygrovest Ltd
Heineken Holding NV

FCF Margin

HGV
-1 693.7%
HEIO
9.2%
LTM 3Y Avg 5Y Avg 10Y Avg
H
Hygrovest Ltd
Heineken Holding NV

ROE

HGV
-0.7%
HEIO
10.3%
LTM 3Y Avg 5Y Avg 10Y Avg
H
Hygrovest Ltd
Heineken Holding NV

ROA

HGV
-0.6%
HEIO
1.8%
LTM 3Y Avg 5Y Avg 10Y Avg
H
Hygrovest Ltd
Heineken Holding NV

ROIC

HGV
477.2%
HEIO
5.8%
LTM 3Y Avg 5Y Avg 10Y Avg
H
Hygrovest Ltd
Heineken Holding NV

ROCE

HGV
-4.1%
HEIO
8.8%
LTM 3Y Avg 5Y Avg 10Y Avg
H
Hygrovest Ltd
Heineken Holding NV

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HGV, HEIO

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Performance Gap
HGV, HEIO

Performance Gap Between HGV and HEIO
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Performance By Year
HGV, HEIO

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HGV
HEIO
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