` Comparison: 3990, 12 - Alpha Spread

3990
vs
12

Over the past 12 months, Midea Real Estate Holding Ltd has outperformed Henderson Land Development Co Ltd, delivering a return of +41% compared to the Henderson Land Development Co Ltd's +22% growth.

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3990
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Valuation Comparison

Intrinsic Value
3.88 HKD
Overvaluation 5%
Intrinsic Value
Price
Intrinsic Value
38.76 HKD
Undervaluation 25%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Midea Real Estate Holding Ltd
HKEX:3990
4.08 HKD
Henderson Land Development Co Ltd
HKEX:12
29.06 HKD
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Growth Comparison

Growth Over Time
3990, 12

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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
Midea Real Estate Holding Ltd
Revenue
Henderson Land Development Co Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
3990, 12

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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
Midea Real Estate Holding Ltd
HKEX:3990
Henderson Land Development Co Ltd
HKEX:12
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Gross Margin

Midea Real Estate Holding Ltd
30.8%
Henderson Land Development Co Ltd
36%

Operating Margin

Midea Real Estate Holding Ltd
21.1%
Henderson Land Development Co Ltd
15.2%

Net Margin

Midea Real Estate Holding Ltd
15.3%
Henderson Land Development Co Ltd
26.2%

FCF Margin

Midea Real Estate Holding Ltd
100.7%
Henderson Land Development Co Ltd
35.6%

ROE

Midea Real Estate Holding Ltd
2%
Henderson Land Development Co Ltd
1.9%

ROA

Midea Real Estate Holding Ltd
0.3%
Henderson Land Development Co Ltd
1.1%

ROIC

Midea Real Estate Holding Ltd
0.7%
Henderson Land Development Co Ltd
0.7%

ROCE

Midea Real Estate Holding Ltd
1%
Henderson Land Development Co Ltd
0.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
3990, 12

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12
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Performance Gap
3990, 12

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3990
12
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
3990, 12

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12
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