` Comparison: 2PN, VNA - Alpha Spread

P
2PN
vs
VNA

Over the past 12 months, 2PN has outperformed VNA, delivering a return of 0% compared to the VNA's 5% drop.

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2PN
VNA
One-click summary across all key metrics.
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One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
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Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
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Valuation Comparison

P
2PN Intrinsic Value
10.01 EUR
Undervaluation 78%
Intrinsic Value
Price
VNA Intrinsic Value
45.55 EUR
Undervaluation 38%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
P
Polski Holding Nieruchomosci SA
F:2PN
2.18 EUR
Vonovia SE
XETRA:VNA
28.11 EUR
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
2PN, VNA

2PN
VNA
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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
P
Polski Holding Nieruchomosci SA
Revenue
Vonovia SE
Revenue

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

Profitability Comparison

Free Cash Flow
2PN, VNA

2PN
VNA
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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
P
Polski Holding Nieruchomosci SA
F:2PN
Vonovia SE
XETRA:VNA
What is Free Cash Flow?

Gross Margin

2PN
35.3%
VNA
68%

Operating Margin

2PN
26.6%
VNA
36.8%

Net Margin

2PN
3.2%
VNA
7.2%

FCF Margin

2PN
41.3%
VNA
44.5%

ROE

2PN
1.3%
VNA
1.6%

ROA

2PN
0.6%
VNA
0.4%

ROIC

2PN
1.8%
VNA
0.9%

ROCE

2PN
6.1%
VNA
2.3%

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
2PN, VNA

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Performance Gap
2PN, VNA

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2PN
VNA
Difference
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Performance By Year
2PN, VNA

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2PN
VNA
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