` Comparison: AEON vs WALMEX - Alpha Spread

A
AEON
vs
WALMEX

Over the past 12 months, AEON has underperformed WALMEX, delivering a return of -10% compared to the WALMEX's +2% growth.

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AEON
WALMEX
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Valuation Comparison

A
AEON Intrinsic Value
2.18 MYR
Undervaluation 42%
Intrinsic Value
Price
WALMEX Intrinsic Value
51.36 MXN
Overvaluation 8%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
A
AEON CO (M) Bhd
KLSE:AEON
1.26 MYR
Wal Mart de Mexico SAB de CV
BMV:WALMEX
56 MXN
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
AEON, WALMEX

AEON
WALMEX
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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
A
AEON CO (M) Bhd
Revenue
Wal Mart de Mexico SAB de CV
Revenue

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

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Profitability Comparison

Free Cash Flow
AEON, WALMEX

AEON
WALMEX
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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
A
AEON CO (M) Bhd
KLSE:AEON
Wal Mart de Mexico SAB de CV
BMV:WALMEX
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What is Free Cash Flow?

Gross Margin

AEON
0%
WALMEX
24.2%

Operating Margin

AEON
6.5%
WALMEX
7.8%

Net Margin

AEON
2.8%
WALMEX
4.9%

FCF Margin

AEON
5.6%
WALMEX
4.3%

ROE

AEON
6.1%
WALMEX
21.9%

ROA

AEON
2.2%
WALMEX
10.1%

ROIC

AEON
4.4%
WALMEX
16.7%

ROCE

AEON
7.1%
WALMEX
24.9%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
AEON, WALMEX

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AEON
WALMEX
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Performance Gap
AEON, WALMEX

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AEON
WALMEX
Difference
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Performance By Year
AEON, WALMEX

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AEON
WALMEX
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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