` Comparison: NTCO3, HLN - Alpha Spread

NTCO3
vs
HLN

Over the past 12 months, NTCO3 has underperformed HLN, delivering a return of -18% compared to the HLN's 6% drop.

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NTCO3
HLN
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Valuation Comparison

NTCO3 Intrinsic Value
21.1 BRL
Undervaluation 49%
Intrinsic Value
Price
HLN Intrinsic Value
359.09 GBX
Fairly Valued
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Natura & Co Holding SA
BOVESPA:NTCO3
10.8 BRL
HALEON PLC
LSE:HLN
358.5 GBX
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Valuation Scenario:
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Base Case
Bull Case

Growth Comparison

Growth Over Time
NTCO3, HLN

NTCO3
HLN
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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
Natura & Co Holding SA
Revenue
HALEON PLC
Revenue

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

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Profitability Comparison

Free Cash Flow
NTCO3, HLN

NTCO3
HLN
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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
Natura & Co Holding SA
BOVESPA:NTCO3
HALEON PLC
LSE:HLN
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What is Free Cash Flow?

Gross Margin

NTCO3
65.5%
HLN
63.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
HALEON PLC

Operating Margin

NTCO3
4.3%
HLN
22.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
HALEON PLC

Net Margin

NTCO3
-29.5%
HLN
12.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
HALEON PLC

FCF Margin

NTCO3
-5.6%
HLN
17.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
HALEON PLC

ROE

NTCO3
-48.9%
HLN
8.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
HALEON PLC

ROA

NTCO3
-23.7%
HLN
4.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
HALEON PLC

ROIC

NTCO3
-19%
HLN
6.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
HALEON PLC

ROCE

NTCO3
4.7%
HLN
8.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
HALEON PLC

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
NTCO3, HLN

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Performance Gap
NTCO3, HLN

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NTCO3
HLN
Difference
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Performance By Year
NTCO3, HLN

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NTCO3
HLN
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