` Comparison: 307 vs 5Q5 - Alpha Spread

307
vs
5Q5

Over the past 12 months, Shopify Inc has significantly outperformed 5Q5, delivering a return of -2% compared to the 5Q5's 32% drop.

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307
5Q5
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Valuation Comparison

Intrinsic Value
32.08 EUR
Overvaluation 69%
Intrinsic Value
Price
5Q5 Intrinsic Value
66.71 EUR
Overvaluation 55%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Shopify Inc
F:307
103 EUR
Snowflake Inc
XETRA:5Q5
147.06 EUR
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Valuation Scenario:
Bear Case
Base Case
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Growth Comparison

Growth Over Time
307, 5Q5

307
5Q5
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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
Shopify Inc
Revenue
Snowflake Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
307, 5Q5

307
5Q5
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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
Shopify Inc
F:307
Snowflake Inc
XETRA:5Q5
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What is Free Cash Flow?

Gross Margin

Shopify Inc
48.1%
5Q5
67.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Snowflake Inc

Operating Margin

Shopify Inc
12.8%
5Q5
-31.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Snowflake Inc

Net Margin

Shopify Inc
10.7%
5Q5
-30.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Snowflake Inc

FCF Margin

Shopify Inc
17.4%
5Q5
17.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Snowflake Inc

ROE

Shopify Inc
9.8%
5Q5
-53.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Snowflake Inc

ROA

Shopify Inc
8.5%
5Q5
-16.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Snowflake Inc

ROIC

Shopify Inc
15.1%
5Q5
-32.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Snowflake Inc

ROCE

Shopify Inc
11.5%
5Q5
-26.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Snowflake Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
307, 5Q5

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Performance Gap
307, 5Q5

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307
5Q5
Difference
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Performance By Year
307, 5Q5

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307
5Q5
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Compare 307 to other stocks
AMZN
Amazon.com Inc
Cheaper
vs Shopify Inc
MELI
Mercadolibre Inc
Cheaper
vs Shopify Inc
SNOW
Snowflake Inc.
Cheaper
vs Shopify Inc
NET
Cloudflare Inc
More expensive
vs Shopify Inc
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett