` Comparison: 04Q vs 601398 - Alpha Spread

04Q
vs
601398

Over the past 12 months, 04Q has significantly outperformed Industrial and Commercial Bank of China Ltd, delivering a return of +32% compared to the Industrial and Commercial Bank of China Ltd's +0% growth.

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04Q
601398
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Valuation Comparison

04Q Intrinsic Value
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Industrial and Commercial Bank of China Ltd Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Nordea Bank Abp
F:04Q
16.775 EUR
Industrial and Commercial Bank of China Ltd
SSE:601398
6.94 CNY
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Valuation Scenario:
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Growth Comparison

Growth Over Time
04Q, 601398

04Q
601398
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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
Nordea Bank Abp
Revenue
Industrial and Commercial Bank of China Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
04Q, 601398

04Q
601398
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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
Nordea Bank Abp
F:04Q
FCF is not applicable for financial companies
Industrial and Commercial Bank of China Ltd
SSE:601398
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

04Q
Industrial and Commercial Bank of China Ltd
LTM 3Y Avg 5Y Avg 10Y Avg
Nordea Bank Abp
Not applicable for financial companies
Industrial and Commercial Bank of China Ltd
Not applicable for financial companies

Operating Margin

04Q
Industrial and Commercial Bank of China Ltd
LTM 3Y Avg 5Y Avg 10Y Avg
Nordea Bank Abp
Not applicable for financial companies
Industrial and Commercial Bank of China Ltd
Not applicable for financial companies

Net Margin

04Q
37.9%
Industrial and Commercial Bank of China Ltd
41.3%

FCF Margin

04Q
Industrial and Commercial Bank of China Ltd
LTM 3Y Avg 5Y Avg 10Y Avg
Nordea Bank Abp
Not applicable for financial companies
Industrial and Commercial Bank of China Ltd
Not applicable for financial companies

ROE

04Q
14.8%
Industrial and Commercial Bank of China Ltd
8.8%

ROA

04Q
0.8%
Industrial and Commercial Bank of China Ltd
0.7%

ROIC

04Q
Industrial and Commercial Bank of China Ltd
LTM 3Y Avg 5Y Avg 10Y Avg
Nordea Bank Abp
Not applicable for financial companies
Industrial and Commercial Bank of China Ltd
Not applicable for financial companies

ROCE

04Q
Industrial and Commercial Bank of China Ltd
LTM 3Y Avg 5Y Avg 10Y Avg
Nordea Bank Abp
Not applicable for financial companies
Industrial and Commercial Bank of China Ltd
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
04Q, 601398

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Performance Gap
04Q, 601398

Performance Gap Between 04Q and 601398
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Performance By Year
04Q, 601398

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04Q
601398
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Compare 04Q to other stocks
JPM
JPMorgan Chase & Co
More expensive
vs 04Q
CPI
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More expensive
vs 04Q
SBK
Standard Bank Group Ltd
S
More expensive
vs 04Q
BAC
Bank of America Corp
Cheaper
vs 04Q
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

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