` Comparison: KRDMD.E vs VALE3 - Alpha Spread

KRDMD.E
vs
VALE3

Over the past 12 months, KRDMD.E has underperformed VALE3, delivering a return of +15% compared to the VALE3's +68% growth.

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KRDMD.E
VALE3
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Valuation Comparison

KRDMD.E Intrinsic Value
33.93 TRY
Undervaluation 6%
Intrinsic Value
Price
VALE3 Intrinsic Value
66.68 BRL
Overvaluation 25%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS
IST:KRDMD.E
31.74 TRY
Vale SA
BOVESPA:VALE3
89.2 BRL
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Valuation Scenario:
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Growth Comparison

Growth Over Time
KRDMD.E, VALE3

KRDMD.E
VALE3
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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
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS
Revenue
Vale SA
Revenue

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

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Profitability Comparison

Free Cash Flow
KRDMD.E, VALE3

KRDMD.E
VALE3
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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
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS
IST:KRDMD.E
Vale SA
BOVESPA:VALE3
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What is Free Cash Flow?

Gross Margin

KRDMD.E
6.5%
VALE3
35%

Operating Margin

KRDMD.E
3.1%
VALE3
28.4%

Net Margin

KRDMD.E
-1.5%
VALE3
6.5%

FCF Margin

KRDMD.E
-9.8%
VALE3
7.2%

ROE

KRDMD.E
-1.6%
VALE3
7.1%

ROA

KRDMD.E
-1%
VALE3
2.8%

ROIC

KRDMD.E
-9.7%
VALE3
6.4%

ROCE

KRDMD.E
2.9%
VALE3
15.1%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
KRDMD.E, VALE3

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Performance Gap
KRDMD.E, VALE3

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KRDMD.E
VALE3
Difference
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Performance By Year
KRDMD.E, VALE3

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KRDMD.E
VALE3
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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