` Comparison: COAL vs NRP - Alpha Spread

B
COAL
vs
N
NRP

Over the past 12 months, COAL has significantly outperformed NRP, delivering a return of +44% compared to the NRP's +3% growth.

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COAL
NRP
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Valuation Comparison

B
COAL Intrinsic Value
101.21 IDR
Undervaluation 45%
Intrinsic Value
Price Rp56
N
NRP Intrinsic Value
14 267.47 Zac
Undervaluation 3%
Intrinsic Value
Price Zac13 901
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
B
Black Diamond Resources Tbk PT
IDX:COAL
56 IDR
N
Nepi Rockcastle NV
JSE:NRP
13 901 Zac
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
COAL, NRP

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NRP
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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
B
Black Diamond Resources Tbk PT
Revenue
N
Nepi Rockcastle NV
Revenue

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

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Profitability Comparison

Free Cash Flow
COAL, NRP

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NRP
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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
B
Black Diamond Resources Tbk PT
IDX:COAL
N
Nepi Rockcastle NV
JSE:NRP
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What is Free Cash Flow?

Gross Margin

COAL
14.9%
NRP
66.6%

Operating Margin

COAL
8.9%
NRP
61.8%

Net Margin

COAL
5.1%
NRP
53.6%

FCF Margin

COAL
-5.7%
NRP
45.2%

ROE

COAL
5.7%
NRP
10.1%

ROA

COAL
2.8%
NRP
5.7%

ROIC

COAL
4.5%
NRP
5.3%

ROCE

COAL
9.1%
NRP
6.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
COAL, NRP

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Performance Gap
COAL, NRP

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COAL
NRP
Difference
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Performance By Year
COAL, NRP

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COAL
NRP
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Compare COAL to other stocks
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G
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E
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CIND
China Industrial Group Inc
C
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SLB
Schlumberger NV
More expensive
vs COAL
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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