` Comparison: MVF, NTC - Alpha Spread

MVF
vs
N
NTC

Over the past 12 months, MVF has underperformed NTC, delivering a return of -32% compared to the NTC's 0% growth.

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MVF
NTC
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Valuation Comparison

MVF Intrinsic Value
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NTC Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Monash IVF Group Ltd
ASX:MVF
0.83 AUD
N
Netcare Ltd
JSE:NTC
1 515 Zac
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Valuation Scenario:
Bear Case
Base Case
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Growth Comparison

Growth Over Time
MVF, NTC

MVF
NTC
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Revenue
www.alphaspread.com
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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
Monash IVF Group Ltd
Revenue
N
Netcare Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
MVF, NTC

MVF
NTC
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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
Monash IVF Group Ltd
ASX:MVF
N
Netcare Ltd
JSE:NTC
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What is Free Cash Flow?

Gross Margin

MVF
89.2%
NTC
49.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Monash IVF Group Ltd
N
Netcare Ltd

Operating Margin

MVF
16.3%
NTC
13.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Monash IVF Group Ltd
N
Netcare Ltd

Net Margin

MVF
9.2%
NTC
6.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Monash IVF Group Ltd
N
Netcare Ltd

FCF Margin

MVF
-0.6%
NTC
3.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Monash IVF Group Ltd
N
Netcare Ltd

ROE

MVF
10.3%
NTC
15.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Monash IVF Group Ltd
N
Netcare Ltd

ROA

MVF
5%
NTC
5.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Monash IVF Group Ltd
N
Netcare Ltd

ROIC

MVF
7.1%
NTC
11.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Monash IVF Group Ltd
N
Netcare Ltd

ROCE

MVF
10.8%
NTC
15.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Monash IVF Group Ltd
N
Netcare Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
MVF, NTC

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Performance Gap
MVF, NTC

Performance Gap Between MVF and NTC
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Performance By Year
MVF, NTC

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MVF
NTC
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