` Comparison: NLM vs NESN - Alpha Spread

F
NLM
vs
NESN

Over the past 12 months, NLM has significantly outperformed NESN, delivering a return of +33% compared to the NESN's 11% drop.

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NLM
NESN
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Valuation Comparison

F
NLM Intrinsic Value
118.84 EUR
Undervaluation 16%
Intrinsic Value
Price
NESN Intrinsic Value
111.79 CHF
Undervaluation 28%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
F
FRoSTA AG
F:NLM
100 EUR
Nestle SA
SIX:NESN
80.94 CHF
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
NLM, NESN

NLM
NESN
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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
F
FRoSTA AG
Revenue
Nestle SA
Revenue

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

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Profitability Comparison

Free Cash Flow
NLM, NESN

NLM
NESN
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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
F
FRoSTA AG
F:NLM
Nestle SA
SIX:NESN
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What is Free Cash Flow?

Gross Margin

NLM
48.2%
NESN
45.6%
LTM 3Y Avg 5Y Avg 10Y Avg
F
FRoSTA AG
Nestle SA

Operating Margin

NLM
9.3%
NESN
15.6%
LTM 3Y Avg 5Y Avg 10Y Avg
F
FRoSTA AG
Nestle SA

Net Margin

NLM
6.6%
NESN
10.1%
LTM 3Y Avg 5Y Avg 10Y Avg
F
FRoSTA AG
Nestle SA

FCF Margin

NLM
9.4%
NESN
12.3%
LTM 3Y Avg 5Y Avg 10Y Avg
F
FRoSTA AG
Nestle SA

ROE

NLM
17%
NESN
26.3%
LTM 3Y Avg 5Y Avg 10Y Avg
F
FRoSTA AG
Nestle SA

ROA

NLM
9.4%
NESN
6.8%
LTM 3Y Avg 5Y Avg 10Y Avg
F
FRoSTA AG
Nestle SA

ROIC

NLM
16.1%
NESN
10%
LTM 3Y Avg 5Y Avg 10Y Avg
F
FRoSTA AG
Nestle SA

ROCE

NLM
17.8%
NESN
15.3%
LTM 3Y Avg 5Y Avg 10Y Avg
F
FRoSTA AG
Nestle SA

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
NLM, NESN

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Performance Gap
NLM, NESN

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NLM
NESN
Difference
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Performance By Year
NLM, NESN

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NLM
NESN
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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