` Comparison: MFIN vs BAJFINANCE - Alpha Spread

MFIN
vs
BAJFINANCE

Over the past 12 months, MFIN has underperformed BAJFINANCE, delivering a return of -42% compared to the BAJFINANCE's +17% growth.

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MFIN
BAJFINANCE
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Valuation Comparison

MFIN Intrinsic Value
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BAJFINANCE Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Mandala Multifinance Tbk PT
IDX:MFIN
890 IDR
Bajaj Finance Ltd
NSE:BAJFINANCE
950 INR
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Valuation Scenario:
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Base Case
Bull Case

Growth Comparison

Growth Over Time
MFIN, BAJFINANCE

MFIN
BAJFINANCE
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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
Mandala Multifinance Tbk PT
Revenue
Bajaj Finance Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
MFIN, BAJFINANCE

MFIN
BAJFINANCE
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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
Mandala Multifinance Tbk PT
IDX:MFIN
Bajaj Finance Ltd
NSE:BAJFINANCE
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What is Free Cash Flow?

Gross Margin

MFIN
0%
BAJFINANCE
60.5%

Operating Margin

MFIN
35.5%
BAJFINANCE
43.2%

Net Margin

MFIN
21.7%
BAJFINANCE
22.9%

FCF Margin

MFIN
-11.7%
BAJFINANCE
-83.6%

ROE

MFIN
14.2%
BAJFINANCE
19%

ROA

MFIN
8%
BAJFINANCE
3.9%

ROIC

MFIN
10.9%
BAJFINANCE
5.8%

ROCE

MFIN
19.8%
BAJFINANCE
8.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
MFIN, BAJFINANCE

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MFIN
BAJFINANCE
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Performance Gap
MFIN, BAJFINANCE

Performance Gap Between MFIN and BAJFINANCE
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Performance By Year
MFIN, BAJFINANCE

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MFIN
BAJFINANCE
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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