` Comparison: SCHW vs MS - Alpha Spread

SCHW
vs
MS

Over the past 12 months, SCHW has underperformed MS, delivering a return of -2% compared to the MS's +22% growth.

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SCHW
MS
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Valuation Comparison

SCHW Intrinsic Value
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MS Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Charles Schwab Corp
BMV:SCHW
1 600 MXN
Morgan Stanley
NYSE:MS
169.09 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
SCHW, MS

SCHW
MS
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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
Charles Schwab Corp
Revenue
Morgan Stanley
Revenue

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

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Profitability Comparison

Free Cash Flow
SCHW, MS

SCHW
MS
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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
Charles Schwab Corp
BMV:SCHW
Morgan Stanley
NYSE:MS
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What is Free Cash Flow?

Gross Margin

SCHW
86.4%
MS
55.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
Morgan Stanley

Operating Margin

SCHW
41.4%
MS
18.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
Morgan Stanley

Net Margin

SCHW
30.4%
MS
13.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
Morgan Stanley

FCF Margin

SCHW
-5%
MS
-5.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
Morgan Stanley

ROE

SCHW
17.2%
MS
15.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
Morgan Stanley

ROA

SCHW
1.8%
MS
1.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
Morgan Stanley

ROIC

SCHW
2.9%
MS
1.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
Morgan Stanley

ROCE

SCHW
16.3%
MS
3.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
Morgan Stanley

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SCHW, MS

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Performance Gap
SCHW, MS

Performance Gap Between SCHW and MS
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Performance By Year
SCHW, MS

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SCHW
MS
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Compare SCHW to other stocks
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