` Comparison: DIS vs SPOT - Alpha Spread

DIS
vs
SPOT

Over the past 12 months, DIS has outperformed SPOT, delivering a return of -10% compared to the SPOT's 14% drop.

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DIS
SPOT
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Valuation Comparison

DIS Intrinsic Value
2 489.13 MXN
Undervaluation 29%
Intrinsic Value
Price
SPOT Intrinsic Value
391.4 USD
Overvaluation 24%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Walt Disney Co
BMV:DIS
1 774.1 MXN
Spotify Technology SA
NYSE:SPOT
516.06 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
DIS, SPOT

DIS
SPOT
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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
Walt Disney Co
Revenue
Spotify Technology SA
Revenue

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

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Profitability Comparison

Free Cash Flow
DIS, SPOT

DIS
SPOT
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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
Walt Disney Co
BMV:DIS
Spotify Technology SA
NYSE:SPOT
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What is Free Cash Flow?

Gross Margin

DIS
37.3%
SPOT
32%

Operating Margin

DIS
14.2%
SPOT
12.8%

Net Margin

DIS
12.8%
SPOT
12.9%

FCF Margin

DIS
7.4%
SPOT
16.7%

ROE

DIS
11.7%
SPOT
31.9%

ROA

DIS
6.2%
SPOT
16.4%

ROIC

DIS
8.7%
SPOT
52.1%

ROCE

DIS
8.4%
SPOT
26.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
DIS, SPOT

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Performance Gap
DIS, SPOT

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DIS
SPOT
Difference
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Performance By Year
DIS, SPOT

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DIS
SPOT
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Compare DIS to other stocks
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vs DIS
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CMCSA
Comcast Corp
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WBD
Warner Bros Discovery Inc
More expensive
vs DIS
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett