` Comparison: ASI1 vs BIRK - Alpha Spread

ASI1
vs
BIRK

Over the past 12 months, ASI1 has significantly outperformed BIRK, delivering a return of +18% compared to the BIRK's 14% drop.

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ASI1
BIRK
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Valuation Comparison

ASI1 Intrinsic Value
18.39 EUR
Overvaluation 28%
Intrinsic Value
Price
BIRK Intrinsic Value
38.4 USD
Overvaluation 7%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Asics Corp
F:ASI1
25.43 EUR
Birkenstock Holding PLC
NYSE:BIRK
41.47 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
ASI1, BIRK

ASI1
BIRK
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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
Asics Corp
Revenue
Birkenstock Holding PLC
Revenue

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

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Profitability Comparison

Free Cash Flow
ASI1, BIRK

ASI1
BIRK
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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
Asics Corp
F:ASI1
Birkenstock Holding PLC
NYSE:BIRK
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What is Free Cash Flow?

Gross Margin

ASI1
56.7%
BIRK
58.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Asics Corp
Birkenstock Holding PLC

Operating Margin

ASI1
17.5%
BIRK
26.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Asics Corp
Birkenstock Holding PLC

Net Margin

ASI1
10.9%
BIRK
17.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Asics Corp
Birkenstock Holding PLC

FCF Margin

ASI1
14.7%
BIRK
12.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Asics Corp
Birkenstock Holding PLC

ROE

ASI1
34.8%
BIRK
13.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Asics Corp
Birkenstock Holding PLC

ROA

ASI1
16.3%
BIRK
7.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Asics Corp
Birkenstock Holding PLC

ROIC

ASI1
26.1%
BIRK
9.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Asics Corp
Birkenstock Holding PLC

ROCE

ASI1
40.8%
BIRK
12.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Asics Corp
Birkenstock Holding PLC

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ASI1, BIRK

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Performance Gap
ASI1, BIRK

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ASI1
BIRK
Difference
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Performance By Year
ASI1, BIRK

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ASI1
BIRK
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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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