` Comparison: BEM, RIO - Alpha Spread

BEM
vs
RIO

Over the past 12 months, BEM has underperformed RIO, delivering a return of -17% compared to the RIO's +30% growth.

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BEM
RIO
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Valuation Comparison

BEM Intrinsic Value
7.42 GBX
Overvaluation 38%
Intrinsic Value
Price
RIO Intrinsic Value
171.71 AUD
Undervaluation 13%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Beowulf Mining PLC
LSE:BEM
12 GBX
Rio Tinto Ltd
ASX:RIO
149.59 AUD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
BEM, RIO

BEM
RIO
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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
Beowulf Mining PLC
Revenue
Rio Tinto Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
BEM, RIO

BEM
RIO
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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
Beowulf Mining PLC
LSE:BEM
Rio Tinto Ltd
ASX:RIO
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What is Free Cash Flow?

Gross Margin

BEM
0%
RIO
0%
LTM 3Y Avg 5Y Avg 10Y Avg
Beowulf Mining PLC
Rio Tinto Ltd

Operating Margin

BEM
0%
RIO
25.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Beowulf Mining PLC
Rio Tinto Ltd

Net Margin

BEM
0%
RIO
19.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Beowulf Mining PLC
Rio Tinto Ltd

FCF Margin

BEM
0%
RIO
9.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Beowulf Mining PLC
Rio Tinto Ltd

ROE

BEM
-9.7%
RIO
18.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Beowulf Mining PLC
Rio Tinto Ltd

ROA

BEM
-9.6%
RIO
10.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Beowulf Mining PLC
Rio Tinto Ltd

ROIC

BEM
-9.6%
RIO
11.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Beowulf Mining PLC
Rio Tinto Ltd

ROCE

BEM
-9.1%
RIO
15.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Beowulf Mining PLC
Rio Tinto Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
BEM, RIO

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Performance Gap
BEM, RIO

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BEM
RIO
Difference
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Performance By Year
BEM, RIO

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BEM
RIO
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