` Comparison: NCK, DNLM - Alpha Spread

NCK
vs
DNLM

Over the past 12 months, NCK has significantly outperformed DNLM, delivering a return of +45% compared to the DNLM's 2% drop.

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NCK
DNLM
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Valuation Comparison

NCK Intrinsic Value
17.21 AUD
Overvaluation 20%
Intrinsic Value
Price
DNLM Intrinsic Value
1 251.71 GBX
Undervaluation 12%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Nick Scali Ltd
ASX:NCK
21.61 AUD
Dunelm Group PLC
LSE:DNLM
1 099 GBX
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
NCK, DNLM

NCK
DNLM
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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
Nick Scali Ltd
Revenue
Dunelm Group PLC
Revenue

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

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Profitability Comparison

Free Cash Flow
NCK, DNLM

NCK
DNLM
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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
Nick Scali Ltd
ASX:NCK
Dunelm Group PLC
LSE:DNLM
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What is Free Cash Flow?

Gross Margin

NCK
63.5%
DNLM
52.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Nick Scali Ltd
Dunelm Group PLC

Operating Margin

NCK
20.8%
DNLM
12.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Nick Scali Ltd
Dunelm Group PLC

Net Margin

NCK
11.7%
DNLM
8.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Nick Scali Ltd
Dunelm Group PLC

FCF Margin

NCK
20.4%
DNLM
11.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Nick Scali Ltd
Dunelm Group PLC

ROE

NCK
22%
DNLM
106.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Nick Scali Ltd
Dunelm Group PLC

ROA

NCK
8.2%
DNLM
21.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Nick Scali Ltd
Dunelm Group PLC

ROIC

NCK
11.8%
DNLM
33.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Nick Scali Ltd
Dunelm Group PLC

ROCE

NCK
18.9%
DNLM
49.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Nick Scali Ltd
Dunelm Group PLC

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
NCK, DNLM

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Performance Gap
NCK, DNLM

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NCK
DNLM
Difference
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Performance By Year
NCK, DNLM

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NCK
DNLM
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