` Comparison: ASRM vs TRV - Alpha Spread

ASRM
vs
TRV

Over the past 12 months, ASRM has underperformed TRV, delivering a return of +1% compared to the TRV's +19% growth.

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ASRM
TRV
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Valuation Comparison

ASRM Intrinsic Value
204.48 IDR
Overvaluation 34%
Intrinsic Value
Price
TRV Intrinsic Value
360.46 USD
Undervaluation 16%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Asuransi Ramayana Tbk PT
IDX:ASRM
308 IDR
Travelers Companies Inc
NYSE:TRV
304.01 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
ASRM, TRV

ASRM
TRV
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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
Asuransi Ramayana Tbk PT
Revenue
Travelers Companies Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
ASRM, TRV

ASRM
TRV
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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
Asuransi Ramayana Tbk PT
IDX:ASRM
FCF is not applicable for financial companies
Travelers Companies Inc
NYSE:TRV
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

ASRM
TRV
LTM 3Y Avg 5Y Avg 10Y Avg
Asuransi Ramayana Tbk PT
Not applicable for financial companies
Travelers Companies Inc
Not applicable for financial companies

Operating Margin

ASRM
TRV
LTM 3Y Avg 5Y Avg 10Y Avg
Asuransi Ramayana Tbk PT
Not applicable for financial companies
Travelers Companies Inc
Not applicable for financial companies

Net Margin

ASRM
-1.4%
TRV
12.8%

FCF Margin

ASRM
TRV
LTM 3Y Avg 5Y Avg 10Y Avg
Asuransi Ramayana Tbk PT
Not applicable for financial companies
Travelers Companies Inc
Not applicable for financial companies

ROE

ASRM
-0.4%
TRV
20.5%

ROA

ASRM
-0.2%
TRV
4.5%

ROIC

ASRM
TRV
LTM 3Y Avg 5Y Avg 10Y Avg
Asuransi Ramayana Tbk PT
Not applicable for financial companies
Travelers Companies Inc
Not applicable for financial companies

ROCE

ASRM
TRV
LTM 3Y Avg 5Y Avg 10Y Avg
Asuransi Ramayana Tbk PT
Not applicable for financial companies
Travelers Companies Inc
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ASRM, TRV

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Performance Gap
ASRM, TRV

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ASRM
TRV
Difference
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Performance By Year
ASRM, TRV

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ASRM
TRV
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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