` Comparison: LTM vs NRP - Alpha Spread

A
LTM
vs
N
NRP

Over the past 12 months, LTM has underperformed NRP, delivering a return of 0% compared to the NRP's +8% growth.

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LTM
NRP
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Valuation Comparison

A
LTM Intrinsic Value
11.08 AUD
Undervaluation 16%
Intrinsic Value
Price
N
NRP Intrinsic Value
14 162.06 Zac
Fairly Valued
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
A
Arcadium Lithium PLC
ASX:LTM
9.33 AUD
N
Nepi Rockcastle NV
JSE:NRP
14 211 Zac
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
LTM, NRP

LTM
NRP
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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
A
Arcadium Lithium PLC
Revenue
N
Nepi Rockcastle NV
Revenue

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

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Profitability Comparison

Free Cash Flow
LTM, NRP

LTM
NRP
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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
A
Arcadium Lithium PLC
ASX:LTM
N
Nepi Rockcastle NV
JSE:NRP
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What is Free Cash Flow?

Gross Margin

LTM
45.6%
NRP
66.6%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Arcadium Lithium PLC
N
Nepi Rockcastle NV

Operating Margin

LTM
32.4%
NRP
61.8%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Arcadium Lithium PLC
N
Nepi Rockcastle NV

Net Margin

LTM
10.2%
NRP
53.6%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Arcadium Lithium PLC
N
Nepi Rockcastle NV

FCF Margin

LTM
-121%
NRP
45.2%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Arcadium Lithium PLC
N
Nepi Rockcastle NV

ROE

LTM
2.6%
NRP
10.1%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Arcadium Lithium PLC
N
Nepi Rockcastle NV

ROA

LTM
1.5%
NRP
5.7%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Arcadium Lithium PLC
N
Nepi Rockcastle NV

ROIC

LTM
3.2%
NRP
5.3%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Arcadium Lithium PLC
N
Nepi Rockcastle NV

ROCE

LTM
5.3%
NRP
6.7%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Arcadium Lithium PLC
N
Nepi Rockcastle NV

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
LTM, NRP

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Performance Gap
LTM, NRP

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LTM
NRP
Difference
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Performance By Year
LTM, NRP

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LTM
NRP
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Compare LTM to other stocks
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G
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E
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C
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Schlumberger NV
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett