` Comparison: NTCO3, EL - Alpha Spread

NTCO3
vs
EL

Over the past 12 months, NTCO3 has underperformed EL, delivering a return of -20% compared to the EL's +45% growth.

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NTCO3
EL
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Valuation Comparison

NTCO3 Intrinsic Value
10.53 BRL
Overvaluation 3%
Intrinsic Value
Price
EL Intrinsic Value
83.45 USD
Overvaluation 23%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Natura & Co Holding SA
BOVESPA:NTCO3
10.8 BRL
Estee Lauder Companies Inc
NYSE:EL
107.94 USD
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
NTCO3, EL

NTCO3
EL
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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
Estee Lauder Companies Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
NTCO3, EL

NTCO3
EL
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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
Estee Lauder Companies Inc
NYSE:EL
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What is Free Cash Flow?

Gross Margin

NTCO3
65.5%
EL
74.2%

Operating Margin

NTCO3
4.3%
EL
8.7%

Net Margin

NTCO3
-29.5%
EL
-6.4%

FCF Margin

NTCO3
-5.6%
EL
7.2%

ROE

NTCO3
-48.9%
EL
-20.7%

ROA

NTCO3
-23.7%
EL
-4.6%

ROIC

NTCO3
-19%
EL
9.3%

ROCE

NTCO3
4.7%
EL
8.4%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
NTCO3, EL

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Performance Gap
NTCO3, EL

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NTCO3
EL
Difference
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Performance By Year
NTCO3, EL

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NTCO3
EL
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