` Comparison: SWG vs BLK - Alpha Spread

SWG
vs
BLK

Over the past 12 months, SWG has underperformed BLK, delivering a return of +4% compared to the BLK's +12% growth.

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SWG
BLK
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Valuation Comparison

SWG Intrinsic Value
134.6 EUR
Undervaluation 41%
Intrinsic Value
Price
BLK Intrinsic Value
852.17 USD
Overvaluation 20%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Charles Schwab Corp
DUS:SWG
79.9 EUR
BlackRock Inc
NYSE:BLK
1 070.07 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
SWG, BLK

SWG
BLK
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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
Charles Schwab Corp
Revenue
BlackRock Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
SWG, BLK

SWG
BLK
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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
Charles Schwab Corp
DUS:SWG
BlackRock Inc
NYSE:BLK
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What is Free Cash Flow?

Gross Margin

SWG
86.4%
BLK
81.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
BlackRock Inc

Operating Margin

SWG
41.4%
BLK
29.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
BlackRock Inc

Net Margin

SWG
30.4%
BLK
22.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
BlackRock Inc

FCF Margin

SWG
-5%
BLK
16.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
BlackRock Inc

ROE

SWG
17.2%
BLK
10.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
BlackRock Inc

ROA

SWG
1.8%
BLK
3.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
BlackRock Inc

ROIC

SWG
2.9%
BLK
4.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
BlackRock Inc

ROCE

SWG
16.3%
BLK
5%
LTM 3Y Avg 5Y Avg 10Y Avg
Charles Schwab Corp
BlackRock Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SWG, BLK

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Performance Gap
SWG, BLK

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SWG
BLK
Difference
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Performance By Year
SWG, BLK

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SWG
BLK
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