` Comparison: TIV, MTN - Alpha Spread

TIV
vs
MTN

Over the past 12 months, TIV has outperformed MTN, delivering a return of -6% compared to the MTN's 18% drop.

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TIV
MTN
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Valuation Comparison

TIV Intrinsic Value
462.18 DKK
Overvaluation 22%
Intrinsic Value
Price
MTN Intrinsic Value
239.78 USD
Undervaluation 36%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Tivoli A/S
CSE:TIV
592 DKK
Vail Resorts Inc
NYSE:MTN
153.53 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
TIV, MTN

TIV
MTN
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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
Tivoli A/S
Revenue
Vail Resorts Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
TIV, MTN

TIV
MTN
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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
Tivoli A/S
CSE:TIV
Vail Resorts Inc
NYSE:MTN
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What is Free Cash Flow?

Gross Margin

TIV
0%
MTN
42.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Tivoli A/S
Vail Resorts Inc

Operating Margin

TIV
10.3%
MTN
17.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Tivoli A/S
Vail Resorts Inc

Net Margin

TIV
7.5%
MTN
8.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Tivoli A/S
Vail Resorts Inc

FCF Margin

TIV
-0.5%
MTN
11.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Tivoli A/S
Vail Resorts Inc

ROE

TIV
8.9%
MTN
88.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Tivoli A/S
Vail Resorts Inc

ROA

TIV
5.7%
MTN
4.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Tivoli A/S
Vail Resorts Inc

ROIC

TIV
6.3%
MTN
7.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Tivoli A/S
Vail Resorts Inc

ROCE

TIV
9.4%
MTN
13%
LTM 3Y Avg 5Y Avg 10Y Avg
Tivoli A/S
Vail Resorts Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TIV, MTN

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Performance Gap
TIV, MTN

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TIV
MTN
Difference
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Performance By Year
TIV, MTN

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TIV
MTN
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