` Comparison: IVSD vs ALV - Alpha Spread

IVSD
vs
ALV

Over the past 12 months, IVSD has significantly outperformed ALV, delivering a return of +35% compared to the ALV's +10% growth.

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IVSD
ALV
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Valuation Comparison

IVSD Intrinsic Value
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ALV Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Investor AB
F:IVSD
34.485 EUR
Allianz SE
XETRA:ALV
378.9 EUR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
IVSD, ALV

IVSD
ALV
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Revenue
www.alphaspread.com
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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
Investor AB
Revenue
Allianz SE
Revenue

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

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Profitability Comparison

Free Cash Flow
IVSD, ALV

IVSD
ALV
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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
Investor AB
F:IVSD
Allianz SE
XETRA:ALV
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

IVSD
60.1%
ALV
LTM 3Y Avg 5Y Avg 10Y Avg
Investor AB
Allianz SE
Not applicable for financial companies

Operating Margin

IVSD
31.3%
ALV
LTM 3Y Avg 5Y Avg 10Y Avg
Investor AB
Allianz SE
Not applicable for financial companies

Net Margin

IVSD
185.8%
ALV
12.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Investor AB
Allianz SE

FCF Margin

IVSD
22.4%
ALV
LTM 3Y Avg 5Y Avg 10Y Avg
Investor AB
Allianz SE
Not applicable for financial companies

ROE

IVSD
17.8%
ALV
17.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Investor AB
Allianz SE

ROA

IVSD
15.3%
ALV
1%
LTM 3Y Avg 5Y Avg 10Y Avg
Investor AB
Allianz SE

ROIC

IVSD
2.6%
ALV
LTM 3Y Avg 5Y Avg 10Y Avg
Investor AB
Allianz SE
Not applicable for financial companies

ROCE

IVSD
2.6%
ALV
LTM 3Y Avg 5Y Avg 10Y Avg
Investor AB
Allianz SE
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
IVSD, ALV

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Performance Gap
IVSD, ALV

Performance Gap Between IVSD and ALV
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Performance By Year
IVSD, ALV

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IVSD
ALV
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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