` Comparison: MATD3, HCA - Alpha Spread

MATD3
vs
HCA

Over the past 12 months, MATD3 has underperformed HCA, delivering a return of +25% compared to the HCA's +55% growth.

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MATD3
HCA
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Valuation Comparison

MATD3 Intrinsic Value
7.23 BRL
Undervaluation 33%
Intrinsic Value
Price
HCA Intrinsic Value
578.67 USD
Undervaluation 18%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Hospital Mater Dei SA
BOVESPA:MATD3
4.87 BRL
HCA Healthcare Inc
NYSE:HCA
476.98 USD
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
MATD3, HCA

MATD3
HCA
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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
Hospital Mater Dei SA
Revenue
HCA Healthcare Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
MATD3, HCA

MATD3
HCA
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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
Hospital Mater Dei SA
BOVESPA:MATD3
HCA Healthcare Inc
NYSE:HCA
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What is Free Cash Flow?

Gross Margin

MATD3
29.1%
HCA
85%

Operating Margin

MATD3
17.4%
HCA
15.6%

Net Margin

MATD3
6.2%
HCA
8.5%

FCF Margin

MATD3
2.8%
HCA
10.9%

ROE

MATD3
8.6%
HCA
-168.8%

ROA

MATD3
2.8%
HCA
10.6%

ROIC

MATD3
5.9%
HCA
17.2%

ROCE

MATD3
9.2%
HCA
26.9%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
MATD3, HCA

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Performance Gap
MATD3, HCA

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MATD3
HCA
Difference
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Performance By Year
MATD3, HCA

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MATD3
HCA
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