` NEOE3 (Neoenergia SA) vs IBE (Iberdrola SA) Comparison - Alpha Spread

NEOE3
vs
IBE

Over the past 12 months, NEOE3 has outperformed IBE, delivering a return of +38% compared to the IBE's +34% growth.

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NEOE3
IBE
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One-click summary across all key metrics.
Ranked results with clear takeaways.
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Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
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Valuation Comparison

NEOE3 Intrinsic Value
36.89 BRL
Undervaluation 30%
Intrinsic Value
Price
IBE Intrinsic Value
15.26 EUR
Overvaluation 4%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Neoenergia SA
BOVESPA:NEOE3
25.96 BRL
Iberdrola SA
MAD:IBE
15.9 EUR
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
NEOE3 vs IBE

NEOE3
IBE
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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
Neoenergia SA
Revenue
Iberdrola SA
Revenue

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

Profitability Comparison

Free Cash Flow
NEOE3 vs IBE

NEOE3
IBE
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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
Neoenergia SA
BOVESPA:NEOE3
Iberdrola SA
MAD:IBE
What is Free Cash Flow?

Gross Margin

NEOE3
26.7%
IBE
47.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Neoenergia SA
Iberdrola SA

Operating Margin

NEOE3
20.4%
IBE
18.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Neoenergia SA
Iberdrola SA

Net Margin

NEOE3
7.4%
IBE
10.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Neoenergia SA
Iberdrola SA

FCF Margin

NEOE3
6.2%
IBE
7.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Neoenergia SA
Iberdrola SA

ROE

NEOE3
11.6%
IBE
10.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Neoenergia SA
Iberdrola SA

ROA

NEOE3
3.5%
IBE
3.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Neoenergia SA
Iberdrola SA

ROIC

NEOE3
8.5%
IBE
4.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Neoenergia SA
Iberdrola SA

ROCE

NEOE3
12%
IBE
6.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Neoenergia SA
Iberdrola SA

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
NEOE3 vs IBE

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Performance Gap
NEOE3 vs IBE

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NEOE3
IBE
Difference
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Performance By Year
NEOE3 vs IBE

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NEOE3
IBE
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