` Comparison: TCSA3, HO2 - Alpha Spread

TCSA3
vs
D
HO2

Over the past 12 months, TCSA3 has underperformed HO2, delivering a return of -10% compared to the HO2's 5% drop.

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TCSA3
HO2
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Valuation Comparison

TCSA3 Intrinsic Value
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HO2 Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Tecnisa SA
BOVESPA:TCSA3
1.28 BRL
D
DR Horton Inc
XMUN:HO2
127.32 EUR
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Valuation Scenario:
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Growth Comparison

Growth Over Time
TCSA3, HO2

TCSA3
HO2
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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
Tecnisa SA
Revenue
D
DR Horton Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
TCSA3, HO2

TCSA3
HO2
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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
Tecnisa SA
BOVESPA:TCSA3
D
DR Horton Inc
XMUN:HO2
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What is Free Cash Flow?

Gross Margin

TCSA3
-21.1%
HO2
24%
LTM 3Y Avg 5Y Avg 10Y Avg
Tecnisa SA
D
DR Horton Inc

Operating Margin

TCSA3
-72.7%
HO2
14.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Tecnisa SA
D
DR Horton Inc

Net Margin

TCSA3
-57.8%
HO2
10.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Tecnisa SA
D
DR Horton Inc

FCF Margin

TCSA3
17.3%
HO2
9.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Tecnisa SA
D
DR Horton Inc

ROE

TCSA3
-40.8%
HO2
14.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Tecnisa SA
D
DR Horton Inc

ROA

TCSA3
-12.2%
HO2
10%
LTM 3Y Avg 5Y Avg 10Y Avg
Tecnisa SA
D
DR Horton Inc

ROIC

TCSA3
-18.5%
HO2
12.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Tecnisa SA
D
DR Horton Inc

ROCE

TCSA3
-26.6%
HO2
16.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Tecnisa SA
D
DR Horton Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TCSA3, HO2

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Performance Gap
TCSA3, HO2

Performance Gap Between TCSA3 and HO2
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Performance By Year
TCSA3, HO2

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TCSA3
HO2
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