` Comparison: BRDA, 2011 - Alpha Spread

BRDA
vs
C
2011

Over the past 12 months, BRDA has underperformed China Apex Group Ltd, delivering a return of -44% compared to the China Apex Group Ltd's +10% growth.

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BRDA
2011
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Valuation Comparison

BRDA Intrinsic Value
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China Apex Group Ltd Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Braskem SA
F:BRDA
1.07 EUR
C
China Apex Group Ltd
HKEX:2011
1.49 HKD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
BRDA, 2011

BRDA
2011
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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
Braskem SA
Revenue
C
China Apex Group Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
BRDA, 2011

BRDA
2011
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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
Braskem SA
F:BRDA
C
China Apex Group Ltd
HKEX:2011
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What is Free Cash Flow?

Gross Margin

BRDA
6.5%
China Apex Group Ltd
50.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Braskem SA
C
China Apex Group Ltd

Operating Margin

BRDA
0.6%
China Apex Group Ltd
18.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Braskem SA
C
China Apex Group Ltd

Net Margin

BRDA
-7.5%
China Apex Group Ltd
13%
LTM 3Y Avg 5Y Avg 10Y Avg
Braskem SA
C
China Apex Group Ltd

FCF Margin

BRDA
-7.4%
China Apex Group Ltd
-2.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Braskem SA
C
China Apex Group Ltd

ROE

BRDA
312.3%
China Apex Group Ltd
28.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Braskem SA
C
China Apex Group Ltd

ROA

BRDA
-6.2%
China Apex Group Ltd
10.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Braskem SA
C
China Apex Group Ltd

ROIC

BRDA
0.4%
China Apex Group Ltd
15.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Braskem SA
C
China Apex Group Ltd

ROCE

BRDA
0.7%
China Apex Group Ltd
22.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Braskem SA
C
China Apex Group Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
BRDA, 2011

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Performance Gap
BRDA, 2011

Performance Gap Between BRDA and 2011
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Performance By Year
BRDA, 2011

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BRDA
2011
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