` Comparison: QUAL3 vs HUM - Alpha Spread

QUAL3
vs
HUM

Over the past 12 months, QUAL3 has significantly outperformed HUM, delivering a return of +8% compared to the HUM's 36% drop.

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QUAL3
HUM
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Valuation Comparison

QUAL3 Intrinsic Value
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HUM Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Qualicorp Consultoria e Corretora de Seguros SA
BOVESPA:QUAL3
1.99 BRL
Humana Inc
NYSE:HUM
169.09 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
QUAL3, HUM

QUAL3
HUM
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Revenue
www.alphaspread.com
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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
Qualicorp Consultoria e Corretora de Seguros SA
Revenue
Humana Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
QUAL3, HUM

QUAL3
HUM
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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
Qualicorp Consultoria e Corretora de Seguros SA
BOVESPA:QUAL3
Humana Inc
NYSE:HUM
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

QUAL3
87.1%
HUM
LTM 3Y Avg 5Y Avg 10Y Avg
Qualicorp Consultoria e Corretora de Seguros SA
Humana Inc
Not applicable for financial companies

Operating Margin

QUAL3
19.6%
HUM
LTM 3Y Avg 5Y Avg 10Y Avg
Qualicorp Consultoria e Corretora de Seguros SA
Humana Inc
Not applicable for financial companies

Net Margin

QUAL3
0.7%
HUM
0.9%

FCF Margin

QUAL3
7.3%
HUM
LTM 3Y Avg 5Y Avg 10Y Avg
Qualicorp Consultoria e Corretora de Seguros SA
Humana Inc
Not applicable for financial companies

ROE

QUAL3
0.8%
HUM
7%

ROA

QUAL3
0.3%
HUM
2.5%

ROIC

QUAL3
0.3%
HUM
LTM 3Y Avg 5Y Avg 10Y Avg
Qualicorp Consultoria e Corretora de Seguros SA
Humana Inc
Not applicable for financial companies

ROCE

QUAL3
10.3%
HUM
LTM 3Y Avg 5Y Avg 10Y Avg
Qualicorp Consultoria e Corretora de Seguros SA
Humana Inc
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
QUAL3, HUM

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Performance Gap
QUAL3, HUM

Performance Gap Between QUAL3 and HUM
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Performance By Year
QUAL3, HUM

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QUAL3
HUM
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett