` Comparison: ALPHA vs FRE - Alpha Spread

A
ALPHA
vs
FRE

Over the past 12 months, ALPHA has underperformed FRE, delivering a return of -14% compared to the FRE's +31% growth.

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ALPHA
FRE
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Valuation Comparison

ALPHA Intrinsic Value
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FRE Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
A
Alpha IVF Group Bhd
KLSE:ALPHA
0.27 MYR
Fresenius SE & Co KGaA
XETRA:FRE
49.88 EUR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
ALPHA, FRE

ALPHA
FRE
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Revenue
www.alphaspread.com
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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
Alpha IVF Group Bhd
Revenue
Fresenius SE & Co KGaA
Revenue

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

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Profitability Comparison

Free Cash Flow
ALPHA, FRE

ALPHA
FRE
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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
Alpha IVF Group Bhd
KLSE:ALPHA
Fresenius SE & Co KGaA
XETRA:FRE
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What is Free Cash Flow?

Gross Margin

ALPHA
60.4%
FRE
25%

Operating Margin

ALPHA
39.8%
FRE
9.8%

Net Margin

ALPHA
29.1%
FRE
5.1%

FCF Margin

ALPHA
17.7%
FRE
5.4%

ROE

ALPHA
28.2%
FRE
6.1%

ROA

ALPHA
22.4%
FRE
2.7%

ROIC

ALPHA
57.4%
FRE
4.2%

ROCE

ALPHA
34.2%
FRE
6.5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ALPHA, FRE

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Performance Gap
ALPHA, FRE

Performance Gap Between ALPHA and FRE
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Performance By Year
ALPHA, FRE

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ALPHA
FRE
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