` Comparison: HLUN A, ROG - Alpha Spread

HLUN A
vs
ROG

Over the past 12 months, HLUN A has underperformed ROG, delivering a return of +0% compared to the ROG's +23% growth.

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HLUN A
ROG
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Valuation Comparison

HLUN A Intrinsic Value
57.34 DKK
Undervaluation 40%
Intrinsic Value
Price
ROG Intrinsic Value
440.91 CHF
Undervaluation 28%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
H Lundbeck A/S
CSE:HLUN A
34.6 DKK
Roche Holding AG
SIX:ROG
315.3 CHF
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
HLUN A, ROG

HLUN A
ROG
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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
H Lundbeck A/S
Revenue
Roche Holding AG
Revenue

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

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Profitability Comparison

Free Cash Flow
HLUN A, ROG

HLUN A
ROG
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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
H Lundbeck A/S
CSE:HLUN A
Roche Holding AG
SIX:ROG
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What is Free Cash Flow?

Gross Margin

HLUN A
82.8%
ROG
73.9%
LTM 3Y Avg 5Y Avg 10Y Avg
H Lundbeck A/S
Roche Holding AG

Operating Margin

HLUN A
25.6%
ROG
33.8%
LTM 3Y Avg 5Y Avg 10Y Avg
H Lundbeck A/S
Roche Holding AG

Net Margin

HLUN A
15.8%
ROG
15.3%
LTM 3Y Avg 5Y Avg 10Y Avg
H Lundbeck A/S
Roche Holding AG

FCF Margin

HLUN A
12.5%
ROG
21.4%
LTM 3Y Avg 5Y Avg 10Y Avg
H Lundbeck A/S
Roche Holding AG

ROE

HLUN A
15.6%
ROG
32.7%
LTM 3Y Avg 5Y Avg 10Y Avg
H Lundbeck A/S
Roche Holding AG

ROA

HLUN A
8.2%
ROG
9.9%
LTM 3Y Avg 5Y Avg 10Y Avg
H Lundbeck A/S
Roche Holding AG

ROIC

HLUN A
13.5%
ROG
19.4%
LTM 3Y Avg 5Y Avg 10Y Avg
H Lundbeck A/S
Roche Holding AG

ROCE

HLUN A
16.3%
ROG
30.5%
LTM 3Y Avg 5Y Avg 10Y Avg
H Lundbeck A/S
Roche Holding AG

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HLUN A, ROG

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Performance Gap
HLUN A, ROG

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HLUN A
ROG
Difference
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Performance By Year
HLUN A, ROG

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HLUN A
ROG
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