` Comparison: SCT vs RACE - Alpha Spread

T
SCT
vs
RACE

Over the past 12 months, SCT has significantly outperformed RACE, delivering a return of +26% compared to the RACE's 35% drop.

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SCT
RACE
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Valuation Comparison

T
SCT Intrinsic Value
8.64 EUR
Undervaluation 24%
Intrinsic Value
Price
RACE Intrinsic Value
98.55 EUR
Overvaluation 65%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
T
Toyota Caetano Portugal SA
ELI:SCT
6.6 EUR
Ferrari NV
MIL:RACE
283.9 EUR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
SCT, RACE

SCT
RACE
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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
T
Toyota Caetano Portugal SA
Revenue
Ferrari NV
Revenue

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

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Profitability Comparison

Free Cash Flow
SCT, RACE

SCT
RACE
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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
T
Toyota Caetano Portugal SA
ELI:SCT
Ferrari NV
MIL:RACE
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What is Free Cash Flow?

Gross Margin

SCT
22%
RACE
51.2%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Toyota Caetano Portugal SA
Ferrari NV

Operating Margin

SCT
6.6%
RACE
29%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Toyota Caetano Portugal SA
Ferrari NV

Net Margin

SCT
3.6%
RACE
22.9%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Toyota Caetano Portugal SA
Ferrari NV

FCF Margin

SCT
2.6%
RACE
19.5%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Toyota Caetano Portugal SA
Ferrari NV

ROE

SCT
13.6%
RACE
48%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Toyota Caetano Portugal SA
Ferrari NV

ROA

SCT
5.3%
RACE
17.2%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Toyota Caetano Portugal SA
Ferrari NV

ROIC

SCT
7.8%
RACE
23.2%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Toyota Caetano Portugal SA
Ferrari NV

ROCE

SCT
18.3%
RACE
28.8%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Toyota Caetano Portugal SA
Ferrari NV

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SCT, RACE

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Performance Gap
SCT, RACE

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SCT
RACE
Difference
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Performance By Year
SCT, RACE

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SCT
RACE
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