` Comparison: SHM vs GAW - Alpha Spread

SHM
vs
GAW

Over the past 12 months, SHM has underperformed GAW, delivering a return of -32% compared to the GAW's +19% growth.

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SHM
GAW
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Valuation Comparison

SHM Intrinsic Value
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GAW Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Shimano Inc
F:SHM
88.7 EUR
Games Workshop Group PLC
LSE:GAW
17 270 GBX
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Valuation Scenario:
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Growth Comparison

Growth Over Time
SHM, GAW

SHM
GAW
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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
Shimano Inc
Revenue
Games Workshop Group PLC
Revenue

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

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Profitability Comparison

Free Cash Flow
SHM, GAW

SHM
GAW
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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
Shimano Inc
F:SHM
Games Workshop Group PLC
LSE:GAW
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What is Free Cash Flow?

Gross Margin

SHM
35.7%
GAW
72.1%

Operating Margin

SHM
11.1%
GAW
42.4%

Net Margin

SHM
7.3%
GAW
31.7%

FCF Margin

SHM
3.9%
GAW
36.5%

ROE

SHM
3.9%
GAW
72.3%

ROA

SHM
3.6%
GAW
52.7%

ROIC

SHM
7.3%
GAW
85.2%

ROCE

SHM
5.8%
GAW
84.1%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SHM, GAW

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Performance Gap
SHM, GAW

Performance Gap Between SHM and GAW
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Performance By Year
SHM, GAW

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SHM
GAW
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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