` Comparison: NTCO3, OR - Alpha Spread

NTCO3
vs
OR

Over the past 12 months, NTCO3 has underperformed OR, delivering a return of -18% compared to the OR's +8% growth.

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NTCO3
OR
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Valuation Comparison

NTCO3 Intrinsic Value
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OR Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Natura & Co Holding SA
BOVESPA:NTCO3
10.8 BRL
L'Oreal SA
PAR:OR
370.05 EUR
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Valuation Scenario:
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Base Case
Bull Case

Growth Comparison

Growth Over Time
NTCO3, OR

NTCO3
OR
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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
L'Oreal SA
Revenue

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

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Profitability Comparison

Free Cash Flow
NTCO3, OR

NTCO3
OR
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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
L'Oreal SA
PAR:OR
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What is Free Cash Flow?

Gross Margin

NTCO3
65.5%
OR
74.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
L'Oreal SA

Operating Margin

NTCO3
4.3%
OR
20.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
L'Oreal SA

Net Margin

NTCO3
-29.5%
OR
14%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
L'Oreal SA

FCF Margin

NTCO3
-5.6%
OR
16.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
L'Oreal SA

ROE

NTCO3
-48.9%
OR
20.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
L'Oreal SA

ROA

NTCO3
-23.7%
OR
11.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
L'Oreal SA

ROIC

NTCO3
-19%
OR
14.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
L'Oreal SA

ROCE

NTCO3
4.7%
OR
23.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Natura & Co Holding SA
L'Oreal SA

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
NTCO3, OR

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Performance Gap
NTCO3, OR

Performance Gap Between NTCO3 and OR
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Performance By Year
NTCO3, OR

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NTCO3
OR
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