` Comparison: ALEFRM, HEIA - Alpha Spread

A
ALEFRM
vs
HEIA

Over the past 12 months, ALEFRM has significantly outperformed HEIA, delivering a return of +90% compared to the HEIA's 1% drop.

Valuation Growth Profitability Solvency Stocks Performance
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ALEFRM
HEIA
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Stocks Compared:
ALEFRM HEIA
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Valuation Comparison

A
ALEFRM Intrinsic Value
1.06 DKK
Overvaluation 60%
Intrinsic Value
Price
HEIA Intrinsic Value
108.09 EUR
Undervaluation 36%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
A
Alefarm Brewing A/S
CSE:ALEFRM
2.66 DKK
Heineken NV
AEX:HEIA
69.64 EUR
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Valuation Scenario:
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Growth Comparison

Growth Over Time
ALEFRM, HEIA

ALEFRM
HEIA
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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
A
Alefarm Brewing A/S
Revenue
Heineken NV
Revenue

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

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Profitability Comparison

Free Cash Flow
ALEFRM, HEIA

ALEFRM
HEIA
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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
A
Alefarm Brewing A/S
CSE:ALEFRM
Heineken NV
AEX:HEIA
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What is Free Cash Flow?

Gross Margin

ALEFRM
29.9%
HEIA
20.2%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Alefarm Brewing A/S
Heineken NV

Operating Margin

ALEFRM
-17.6%
HEIA
13.6%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Alefarm Brewing A/S
Heineken NV

Net Margin

ALEFRM
-20.6%
HEIA
6.2%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Alefarm Brewing A/S
Heineken NV

FCF Margin

ALEFRM
-11.2%
HEIA
9.2%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Alefarm Brewing A/S
Heineken NV

ROE

ALEFRM
-21.9%
HEIA
9.8%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Alefarm Brewing A/S
Heineken NV

ROA

ALEFRM
-19.6%
HEIA
3.4%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Alefarm Brewing A/S
Heineken NV

ROIC

ALEFRM
-17.8%
HEIA
6.8%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Alefarm Brewing A/S
Heineken NV

ROCE

ALEFRM
-18.4%
HEIA
10.4%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Alefarm Brewing A/S
Heineken NV

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ALEFRM, HEIA

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ALEFRM
HEIA
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1Y 3Y 5Y 10Y 15Y 20Y
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Performance Gap
ALEFRM, HEIA

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ALEFRM
HEIA
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
ALEFRM, HEIA

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HEIA
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