` Comparison: SEP0 vs RELIANCE - Alpha Spread

SEP0
vs
RELIANCE

Over the past 12 months, SEP0 has underperformed RELIANCE, delivering a return of +7% compared to the RELIANCE's +19% growth.

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SEP0
RELIANCE
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Valuation Comparison

SEP0 Intrinsic Value
14.52 EUR
Undervaluation 18%
Intrinsic Value
Price
RELIANCE Intrinsic Value
1 233.32 INR
Overvaluation 11%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
SECURE Waste Infrastructure Corp
F:SEP0
11.9 EUR
Reliance Industries Ltd
NSE:RELIANCE
1 391.9 INR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
SEP0, RELIANCE

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RELIANCE
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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
SECURE Waste Infrastructure Corp
Revenue
Reliance Industries Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
SEP0, RELIANCE

SEP0
RELIANCE
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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
SECURE Waste Infrastructure Corp
F:SEP0
Reliance Industries Ltd
NSE:RELIANCE
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What is Free Cash Flow?

Gross Margin

SEP0
4%
RELIANCE
35.2%

Operating Margin

SEP0
2.6%
RELIANCE
11.7%

Net Margin

SEP0
1%
RELIANCE
8%

FCF Margin

SEP0
1%
RELIANCE
5.5%

ROE

SEP0
11.4%
RELIANCE
9.8%

ROA

SEP0
4.4%
RELIANCE
4.3%

ROIC

SEP0
10.7%
RELIANCE
6.4%

ROCE

SEP0
14.7%
RELIANCE
8.3%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SEP0, RELIANCE

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Performance Gap
SEP0, RELIANCE

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SEP0
RELIANCE
Difference
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Performance By Year
SEP0, RELIANCE

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RELIANCE
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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