` Comparison: VLID3, TPX - Alpha Spread

VLID3
vs
TPX

Over the past 12 months, VLID3 has underperformed TPX, delivering a return of -10% compared to the TPX's +9% growth.

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VLID3
TPX
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Valuation Comparison

VLID3 Intrinsic Value
20.6 BRL
Overvaluation 3%
Intrinsic Value
Price
TPX Intrinsic Value
39.36 EUR
Undervaluation 35%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Valid Solucoes SA
BOVESPA:VLID3
21.13 BRL
TOPPAN Holdings Inc
SWB:TPX
25.6 EUR
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
VLID3, TPX

VLID3
TPX
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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
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Revenue
TOPPAN Holdings Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
VLID3, TPX

VLID3
TPX
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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
Valid Solucoes SA
BOVESPA:VLID3
TOPPAN Holdings Inc
SWB:TPX
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What is Free Cash Flow?

Gross Margin

VLID3
34%
TPX
24.2%

Operating Margin

VLID3
14.7%
TPX
4.6%

Net Margin

VLID3
13.3%
TPX
5%

FCF Margin

VLID3
17.4%
TPX
-8.1%

ROE

VLID3
16.9%
TPX
6.5%

ROA

VLID3
10.3%
TPX
3.6%

ROIC

VLID3
14.3%
TPX
2.5%

ROCE

VLID3
13.6%
TPX
4.4%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
VLID3, TPX

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Performance Gap
VLID3, TPX

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VLID3
TPX
Difference
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Performance By Year
VLID3, TPX

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VLID3
TPX
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