` Comparison: TEA vs FER - Alpha Spread

E
TEA
vs
FER

Over the past 12 months, TEA has underperformed FER, delivering a return of +34% compared to the FER's +36% growth.

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TEA
FER
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Valuation Comparison

E
TEA Intrinsic Value
4.45 AUD
Undervaluation 4%
Intrinsic Value
Price
FER Intrinsic Value
23.08 EUR
Overvaluation 59%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
E
E&A Ltd
ASX:TEA
4.28 AUD
Ferrovial SA
MAD:FER
56.76 EUR
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Valuation Scenario:
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Growth Comparison

Growth Over Time
TEA, FER

TEA
FER
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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
E
E&A Ltd
Revenue
Ferrovial SA
Revenue

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

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Profitability Comparison

Free Cash Flow
TEA, FER

TEA
FER
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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
E
E&A Ltd
ASX:TEA
Ferrovial SA
MAD:FER
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What is Free Cash Flow?

Gross Margin

TEA
29.5%
FER
44%
LTM 3Y Avg 5Y Avg 10Y Avg
E
E&A Ltd
Ferrovial SA

Operating Margin

TEA
12.2%
FER
9.9%
LTM 3Y Avg 5Y Avg 10Y Avg
E
E&A Ltd
Ferrovial SA

Net Margin

TEA
9.6%
FER
35.4%
LTM 3Y Avg 5Y Avg 10Y Avg
E
E&A Ltd
Ferrovial SA

FCF Margin

TEA
5.7%
FER
11.3%
LTM 3Y Avg 5Y Avg 10Y Avg
E
E&A Ltd
Ferrovial SA

ROE

TEA
33.5%
FER
65.8%
LTM 3Y Avg 5Y Avg 10Y Avg
E
E&A Ltd
Ferrovial SA

ROA

TEA
13.5%
FER
11.7%
LTM 3Y Avg 5Y Avg 10Y Avg
E
E&A Ltd
Ferrovial SA

ROIC

TEA
17.9%
FER
3.3%
LTM 3Y Avg 5Y Avg 10Y Avg
E
E&A Ltd
Ferrovial SA

ROCE

TEA
26.1%
FER
4.2%
LTM 3Y Avg 5Y Avg 10Y Avg
E
E&A Ltd
Ferrovial SA

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TEA, FER

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Performance Gap
TEA, FER

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TEA
FER
Difference
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Performance By Year
TEA, FER

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TEA
FER
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