` Comparison: ITMAX vs 6861 - Alpha Spread

I
ITMAX
vs
6861

Over the past 12 months, ITMAX has significantly outperformed Keyence Corp, delivering a return of +24% compared to the Keyence Corp's 2% drop.

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ITMAX
6861
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Valuation Comparison

ITMAX Intrinsic Value
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Keyence Corp Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
I
Itmax System Bhd
KLSE:ITMAX
4.98 MYR
Keyence Corp
TSE:6861
61 430 JPY
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
ITMAX, 6861

ITMAX
6861
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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
I
Itmax System Bhd
Revenue
Keyence Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
ITMAX, 6861

ITMAX
6861
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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
I
Itmax System Bhd
KLSE:ITMAX
Keyence Corp
TSE:6861
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What is Free Cash Flow?

Gross Margin

ITMAX
67.6%
Keyence Corp
83%
LTM 3Y Avg 5Y Avg 10Y Avg
I
Itmax System Bhd
Keyence Corp

Operating Margin

ITMAX
51%
Keyence Corp
50.9%
LTM 3Y Avg 5Y Avg 10Y Avg
I
Itmax System Bhd
Keyence Corp

Net Margin

ITMAX
37.9%
Keyence Corp
37.4%
LTM 3Y Avg 5Y Avg 10Y Avg
I
Itmax System Bhd
Keyence Corp

FCF Margin

ITMAX
-6.4%
Keyence Corp
33.8%
LTM 3Y Avg 5Y Avg 10Y Avg
I
Itmax System Bhd
Keyence Corp

ROE

ITMAX
20.9%
Keyence Corp
13.2%
LTM 3Y Avg 5Y Avg 10Y Avg
I
Itmax System Bhd
Keyence Corp

ROA

ITMAX
17.1%
Keyence Corp
12.6%
LTM 3Y Avg 5Y Avg 10Y Avg
I
Itmax System Bhd
Keyence Corp

ROIC

ITMAX
25%
Keyence Corp
19.6%
LTM 3Y Avg 5Y Avg 10Y Avg
I
Itmax System Bhd
Keyence Corp

ROCE

ITMAX
26.1%
Keyence Corp
17.9%
LTM 3Y Avg 5Y Avg 10Y Avg
I
Itmax System Bhd
Keyence Corp

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ITMAX, 6861

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Performance Gap
ITMAX, 6861

Performance Gap Between ITMAX and 6861
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Performance By Year
ITMAX, 6861

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ITMAX
6861
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