` Comparison: HARB B, HEIO - Alpha Spread

HARB B
vs
HEIO

Over the past 12 months, HARB B has underperformed HEIO, delivering a return of -23% compared to the HEIO's +7% growth.

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HARB B
HEIO
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Valuation Comparison

HARB B Intrinsic Value
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HEIO Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Harboes Bryggeri A/S
CSE:HARB B
128.4 DKK
Heineken Holding NV
AEX:HEIO
62.25 EUR
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Valuation Scenario:
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Growth Comparison

Growth Over Time
HARB B, HEIO

HARB B
HEIO
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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
Harboes Bryggeri A/S
Revenue
Heineken Holding NV
Revenue

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

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Profitability Comparison

Free Cash Flow
HARB B, HEIO

HARB B
HEIO
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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
Harboes Bryggeri A/S
CSE:HARB B
Heineken Holding NV
AEX:HEIO
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What is Free Cash Flow?

Gross Margin

HARB B
19.5%
HEIO
35.1%

Operating Margin

HARB B
2.9%
HEIO
11.4%

Net Margin

HARB B
2%
HEIO
3.2%

FCF Margin

HARB B
-0.7%
HEIO
9.2%

ROE

HARB B
4.6%
HEIO
10.3%

ROA

HARB B
2.5%
HEIO
1.8%

ROIC

HARB B
3.7%
HEIO
5.8%

ROCE

HARB B
5.5%
HEIO
8.8%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HARB B, HEIO

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HARB B
HEIO
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Performance Gap
HARB B, HEIO

Performance Gap Between HARB B and HEIO
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Performance By Year
HARB B, HEIO

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HARB B
HEIO
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