` Comparison: 2689, SAP - Alpha Spread

2689
vs
S
SAP

Over the past 12 months, Nine Dragons Paper (Holdings) Ltd has significantly outperformed SAP, delivering a return of +81% compared to the SAP's 51% drop.

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2689
SAP
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Valuation Comparison

Intrinsic Value
16.37 HKD
Undervaluation 64%
Intrinsic Value
Price
S
SAP Intrinsic Value
Not Available
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Nine Dragons Paper (Holdings) Ltd
HKEX:2689
5.81 HKD
S
Sappi Ltd
JSE:SAP
2 384 Zac
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Growth Comparison

Growth Over Time
2689, SAP

2689
SAP
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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
Nine Dragons Paper (Holdings) Ltd
Revenue
S
Sappi Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
2689, SAP

2689
SAP
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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
Nine Dragons Paper (Holdings) Ltd
HKEX:2689
S
Sappi Ltd
JSE:SAP
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Gross Margin

Nine Dragons Paper (Holdings) Ltd
11.5%
SAP
11.6%

Operating Margin

Nine Dragons Paper (Holdings) Ltd
6.3%
SAP
4.4%

Net Margin

Nine Dragons Paper (Holdings) Ltd
2.8%
SAP
1.8%

FCF Margin

Nine Dragons Paper (Holdings) Ltd
-11.1%
SAP
-8.6%

ROE

Nine Dragons Paper (Holdings) Ltd
3.6%
SAP
3.9%

ROA

Nine Dragons Paper (Holdings) Ltd
1.2%
SAP
1.6%

ROIC

Nine Dragons Paper (Holdings) Ltd
2.7%
SAP
3.1%

ROCE

Nine Dragons Paper (Holdings) Ltd
3.6%
SAP
5.1%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
2689, SAP

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2689
SAP
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1Y 3Y 5Y 10Y 15Y 20Y
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Performance Gap
2689, SAP

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2689
SAP
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
2689, SAP

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2689
SAP
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