` Comparison: SHL vs ALPHA - Alpha Spread

SHL
vs
A
ALPHA

Over the past 12 months, SHL has underperformed ALPHA, delivering a return of -20% compared to the ALPHA's 13% drop.

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SHL
ALPHA
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Valuation Comparison

SHL Intrinsic Value
27.23 AUD
Undervaluation 17%
Intrinsic Value
Price
A
ALPHA Intrinsic Value
0.297 MYR
Undervaluation 7%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Sonic Healthcare Ltd
ASX:SHL
22.57 AUD
A
Alpha IVF Group Bhd
KLSE:ALPHA
0.275 MYR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
SHL, ALPHA

SHL
ALPHA
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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
Sonic Healthcare Ltd
Revenue
A
Alpha IVF Group Bhd
Revenue

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

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Profitability Comparison

Free Cash Flow
SHL, ALPHA

SHL
ALPHA
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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
Sonic Healthcare Ltd
ASX:SHL
A
Alpha IVF Group Bhd
KLSE:ALPHA
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What is Free Cash Flow?

Gross Margin

SHL
83.8%
ALPHA
60.4%

Operating Margin

SHL
9.7%
ALPHA
39.8%

Net Margin

SHL
5.3%
ALPHA
29.1%

FCF Margin

SHL
8.6%
ALPHA
17.7%

ROE

SHL
6.3%
ALPHA
28.2%

ROA

SHL
3.3%
ALPHA
22.4%

ROIC

SHL
5.2%
ALPHA
57.4%

ROCE

SHL
7.1%
ALPHA
34.2%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SHL, ALPHA

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Performance Gap
SHL, ALPHA

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SHL
ALPHA
Difference
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Performance By Year
SHL, ALPHA

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SHL
ALPHA
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