` Comparison: OVI vs HEIO - Alpha Spread

O
OVI
vs
HEIO

Over the past 12 months, OVI has underperformed HEIO, delivering a return of 0% compared to the HEIO's +2% growth.

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OVI
HEIO
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Valuation Comparison

OVI Intrinsic Value
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HEIO Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
O
Olvi Oyj
F:OVI
33.5 EUR
Heineken Holding NV
AEX:HEIO
72.1 EUR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
OVI, HEIO

OVI
HEIO
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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
O
Olvi Oyj
Revenue
Heineken Holding NV
Revenue

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

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Profitability Comparison

Free Cash Flow
OVI, HEIO

OVI
HEIO
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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
O
Olvi Oyj
F:OVI
Heineken Holding NV
AEX:HEIO
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What is Free Cash Flow?

Gross Margin

OVI
41.2%
HEIO
64.4%
LTM 3Y Avg 5Y Avg 10Y Avg
O
Olvi Oyj
Heineken Holding NV

Operating Margin

OVI
11.4%
HEIO
11.6%
LTM 3Y Avg 5Y Avg 10Y Avg
O
Olvi Oyj
Heineken Holding NV

Net Margin

OVI
8.2%
HEIO
3.3%
LTM 3Y Avg 5Y Avg 10Y Avg
O
Olvi Oyj
Heineken Holding NV

FCF Margin

OVI
4.5%
HEIO
9.1%
LTM 3Y Avg 5Y Avg 10Y Avg
O
Olvi Oyj
Heineken Holding NV

ROE

OVI
16.4%
HEIO
10.5%
LTM 3Y Avg 5Y Avg 10Y Avg
O
Olvi Oyj
Heineken Holding NV

ROA

OVI
9.9%
HEIO
1.8%
LTM 3Y Avg 5Y Avg 10Y Avg
O
Olvi Oyj
Heineken Holding NV

ROIC

OVI
17.1%
HEIO
5.9%
LTM 3Y Avg 5Y Avg 10Y Avg
O
Olvi Oyj
Heineken Holding NV

ROCE

OVI
20.8%
HEIO
8.5%
LTM 3Y Avg 5Y Avg 10Y Avg
O
Olvi Oyj
Heineken Holding NV

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
OVI, HEIO

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Performance Gap
OVI, HEIO

Performance Gap Between OVI and HEIO
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Performance By Year
OVI, HEIO

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OVI
HEIO
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Compare OVI to other stocks
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ABI
Anheuser-Busch Inbev SA
More expensive
vs OVI
HEIA
Heineken NV
More expensive
vs OVI
ABEV3
Ambev SA
More expensive
vs OVI
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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