` Comparison: 004650 vs 4063 - Alpha Spread
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C
004650
vs
4063

Over the past 12 months, Changhae Ethanol Co Ltd has underperformed Shin-Etsu Chemical Co Ltd, delivering a return of +12% compared to the Shin-Etsu Chemical Co Ltd's +18% growth.

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4063
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004650 4063
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Valuation Comparison

C
Intrinsic Value
14 097.58 KRW
Undervaluation 29%
Intrinsic Value
Price
Intrinsic Value
3 361.83 JPY
Overvaluation 39%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
C
Changhae Ethanol Co Ltd
KOSDAQ:004650
9 980 KRW
Shin-Etsu Chemical Co Ltd
TSE:4063
5 499 JPY
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Growth Comparison

Growth Over Time
004650, 4063

004650
4063
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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
C
Changhae Ethanol Co Ltd
Revenue
Shin-Etsu Chemical Co Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
004650, 4063

004650
4063
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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
C
Changhae Ethanol Co Ltd
KOSDAQ:004650
Shin-Etsu Chemical Co Ltd
TSE:4063
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What is Free Cash Flow?

Gross Margin

Changhae Ethanol Co Ltd
21.6%
Shin-Etsu Chemical Co Ltd
35.2%

Operating Margin

Changhae Ethanol Co Ltd
12%
Shin-Etsu Chemical Co Ltd
25%

Net Margin

Changhae Ethanol Co Ltd
9.3%
Shin-Etsu Chemical Co Ltd
18.9%

FCF Margin

Changhae Ethanol Co Ltd
9.4%
Shin-Etsu Chemical Co Ltd
14.7%

ROE

Changhae Ethanol Co Ltd
8.3%
Shin-Etsu Chemical Co Ltd
11.1%

ROA

Changhae Ethanol Co Ltd
5.9%
Shin-Etsu Chemical Co Ltd
9%

ROIC

Changhae Ethanol Co Ltd
6.5%
Shin-Etsu Chemical Co Ltd
12.5%

ROCE

Changhae Ethanol Co Ltd
10.2%
Shin-Etsu Chemical Co Ltd
13.1%

Solvency Comparison

C
Changhae Ethanol Co Ltd
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
Shin-Etsu Chemical Co Ltd
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
004650, 4063

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004650
4063
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1Y 3Y 5Y 10Y 15Y 20Y
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Performance Gap
004650, 4063

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004650
4063
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
004650, 4063

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4063
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