` Comparison: AFFIN vs SBK - Alpha Spread

A
AFFIN
vs
S
SBK

Over the past 12 months, AFFIN has underperformed SBK, delivering a return of -4% compared to the SBK's +47% growth.

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AFFIN
SBK
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Valuation Comparison

A
AFFIN Intrinsic Value
4.05 MYR
Undervaluation 41%
Intrinsic Value
Price MYR2.4
S
SBK Intrinsic Value
31 784.3 Zac
Overvaluation 3%
Intrinsic Value
Price Zac32 688
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
A
Affin Bank Bhd
KLSE:AFFIN
2.4 MYR
S
Standard Bank Group Ltd
JSE:SBK
32 688 Zac
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
AFFIN, SBK

AFFIN
SBK
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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
Affin Bank Bhd
Revenue
S
Standard Bank Group Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
AFFIN, SBK

AFFIN
SBK
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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
Affin Bank Bhd
KLSE:AFFIN
FCF is not applicable for financial companies
S
Standard Bank Group Ltd
JSE:SBK
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

AFFIN
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
A
Affin Bank Bhd
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

Operating Margin

AFFIN
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
A
Affin Bank Bhd
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

Net Margin

AFFIN
21.3%
SBK
16.9%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Affin Bank Bhd
S
Standard Bank Group Ltd

FCF Margin

AFFIN
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
A
Affin Bank Bhd
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

ROE

AFFIN
4.5%
SBK
17.3%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Affin Bank Bhd
S
Standard Bank Group Ltd

ROA

AFFIN
0.5%
SBK
1.4%
LTM 3Y Avg 5Y Avg 10Y Avg
A
Affin Bank Bhd
S
Standard Bank Group Ltd

ROIC

AFFIN
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
A
Affin Bank Bhd
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

ROCE

AFFIN
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
A
Affin Bank Bhd
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
AFFIN, SBK

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Performance Gap
AFFIN, SBK

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AFFIN
SBK
Difference
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Performance By Year
AFFIN, SBK

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AFFIN
SBK
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Compare AFFIN to other stocks
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More expensive
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C
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vs AFFIN
BAC
Bank of America Corp
More expensive
vs AFFIN
601398
Industrial and Commercial Bank...
Cheaper
vs AFFIN
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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