` Comparison: TIFA vs BAJFINANCE - Alpha Spread

TIFA
vs
BAJFINANCE

Over the past 12 months, TIFA has underperformed BAJFINANCE, delivering a return of -54% compared to the BAJFINANCE's +2% growth.

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TIFA
BAJFINANCE
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Valuation Comparison

TIFA Intrinsic Value
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BAJFINANCE Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
KDB Tifa Finance Tbk PT
IDX:TIFA
342 IDR
Bajaj Finance Ltd
NSE:BAJFINANCE
882.75 INR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
TIFA, BAJFINANCE

TIFA
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
KDB Tifa Finance 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
TIFA, BAJFINANCE

TIFA
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
KDB Tifa Finance Tbk PT
IDX:TIFA
Bajaj Finance Ltd
NSE:BAJFINANCE
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What is Free Cash Flow?

Gross Margin

TIFA
0%
BAJFINANCE
60.5%

Operating Margin

TIFA
60.8%
BAJFINANCE
43.2%

Net Margin

TIFA
33.3%
BAJFINANCE
22.9%

FCF Margin

TIFA
-8.5%
BAJFINANCE
-83.6%

ROE

TIFA
4.9%
BAJFINANCE
19%

ROA

TIFA
3.4%
BAJFINANCE
3.9%

ROIC

TIFA
5.1%
BAJFINANCE
5.8%

ROCE

TIFA
7.7%
BAJFINANCE
8.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TIFA, BAJFINANCE

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TIFA
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Performance Gap
TIFA, BAJFINANCE

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

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TIFA
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