` Comparison: SB2, HEIO - Alpha Spread

SB2
vs
HEIO

Over the past 12 months, SB2 has underperformed HEIO, delivering a return of -9% compared to the HEIO's +5% growth.

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SB2
HEIO
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Valuation Comparison

SB2 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
Salter Brothers Emerging Companies Ltd
ASX:SB2
0.72 AUD
Heineken Holding NV
AEX:HEIO
61.9 EUR
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Valuation Scenario:
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Growth Comparison

Growth Over Time
SB2, HEIO

SB2
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
Salter Brothers Emerging Companies 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
SB2, HEIO

SB2
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
Salter Brothers Emerging Companies Ltd
ASX:SB2
Heineken Holding NV
AEX:HEIO
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What is Free Cash Flow?

Gross Margin

SB2
0%
HEIO
35.1%

Operating Margin

SB2
61.3%
HEIO
11.4%

Net Margin

SB2
45.3%
HEIO
3.2%

FCF Margin

SB2
126.2%
HEIO
9.2%

ROE

SB2
3.6%
HEIO
10.3%

ROA

SB2
3.6%
HEIO
1.8%

ROIC

SB2
3.7%
HEIO
5.8%

ROCE

SB2
4.9%
HEIO
8.8%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SB2, HEIO

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Performance Gap
SB2, HEIO

Performance Gap Between SB2 and HEIO
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Performance By Year
SB2, HEIO

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SB2
HEIO
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