` Comparison: LUPA3 vs HAL - Alpha Spread

LUPA3
vs
HAL

Over the past 12 months, LUPA3 has underperformed HAL, delivering a return of -9% compared to the HAL's +31% growth.

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LUPA3
HAL
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Valuation Comparison

LUPA3 Intrinsic Value
1.95 BRL
Undervaluation 40%
Intrinsic Value
Price
HAL Intrinsic Value
37.115 USD
Undervaluation 5%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Lupatech SA
BOVESPA:LUPA3
1.18 BRL
Halliburton Co
NYSE:HAL
35.105 USD
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Valuation Scenario:
Bear Case
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Bull Case

Growth Comparison

Growth Over Time
LUPA3, HAL

LUPA3
HAL
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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
Lupatech SA
Revenue
Halliburton Co
Revenue

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

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Profitability Comparison

Free Cash Flow
LUPA3, HAL

LUPA3
HAL
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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
Lupatech SA
BOVESPA:LUPA3
Halliburton Co
NYSE:HAL
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What is Free Cash Flow?

Gross Margin

LUPA3
17.9%
HAL
15.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Lupatech SA
Halliburton Co

Operating Margin

LUPA3
-43.7%
HAL
13.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Lupatech SA
Halliburton Co

Net Margin

LUPA3
-29.2%
HAL
5.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Lupatech SA
Halliburton Co

FCF Margin

LUPA3
-62.4%
HAL
7.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Lupatech SA
Halliburton Co

ROE

LUPA3
-18.6%
HAL
12.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Lupatech SA
Halliburton Co

ROA

LUPA3
-5.1%
HAL
5.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Lupatech SA
Halliburton Co

ROIC

LUPA3
-6.5%
HAL
11.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Lupatech SA
Halliburton Co

ROCE

LUPA3
-9.9%
HAL
15.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Lupatech SA
Halliburton Co

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
LUPA3, HAL

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Performance Gap
LUPA3, HAL

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LUPA3
HAL
Difference
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Performance By Year
LUPA3, HAL

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LUPA3
HAL
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