` Comparison: TKIM vs SUZB3 - Alpha Spread

TKIM
vs
SUZB3

Over the past 12 months, TKIM has significantly outperformed SUZB3, delivering a return of +35% compared to the SUZB3's 2% drop.

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TKIM
SUZB3
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Valuation Comparison

TKIM Intrinsic Value
4 383.11 IDR
Overvaluation 39%
Intrinsic Value
Price
SUZB3 Intrinsic Value
67.17 BRL
Undervaluation 15%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Pabrik Kertas Tjiwi Kimia Tbk PT
IDX:TKIM
7 175 IDR
Suzano SA
BOVESPA:SUZB3
57.1 BRL
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Valuation Scenario:
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Growth Comparison

Growth Over Time
TKIM, SUZB3

TKIM
SUZB3
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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
Pabrik Kertas Tjiwi Kimia Tbk PT
Revenue
Suzano SA
Revenue

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

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Profitability Comparison

Free Cash Flow
TKIM, SUZB3

TKIM
SUZB3
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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
Pabrik Kertas Tjiwi Kimia Tbk PT
IDX:TKIM
Suzano SA
BOVESPA:SUZB3
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What is Free Cash Flow?

Gross Margin

TKIM
15%
SUZB3
32.4%

Operating Margin

TKIM
6.7%
SUZB3
19.8%

Net Margin

TKIM
42.3%
SUZB3
26.8%

FCF Margin

TKIM
12.3%
SUZB3
10.5%

ROE

TKIM
15.2%
SUZB3
35.2%

ROA

TKIM
10.5%
SUZB3
8%

ROIC

TKIM
2%
SUZB3
4.7%

ROCE

TKIM
2%
SUZB3
6.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TKIM, SUZB3

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Performance Gap
TKIM, SUZB3

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TKIM
SUZB3
Difference
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Performance By Year
TKIM, SUZB3

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TKIM
SUZB3
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