` Comparison: CODE, DUOL - Alpha Spread

N
CODE
vs
DUOL

Over the past 12 months, CODE has underperformed DUOL, delivering a return of -79% compared to the DUOL's 46% drop.

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CODE
DUOL
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Stocks Compared:
CODE DUOL
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Valuation Comparison

N
CODE Intrinsic Value
172.96 GBX
Undervaluation 82%
Intrinsic Value
Price
DUOL Intrinsic Value
94.04 USD
Overvaluation 49%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
N
Northcoders Group PLC
LSE:CODE
31.5 GBX
Duolingo Inc
NASDAQ:DUOL
185.37 USD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
CODE, DUOL

CODE
DUOL
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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
N
Northcoders Group PLC
Revenue
Duolingo Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
CODE, DUOL

CODE
DUOL
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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
N
Northcoders Group PLC
LSE:CODE
Duolingo Inc
NASDAQ:DUOL
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What is Free Cash Flow?

Gross Margin

CODE
67%
DUOL
72%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Northcoders Group PLC
Duolingo Inc

Operating Margin

CODE
5.4%
DUOL
11.6%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Northcoders Group PLC
Duolingo Inc

Net Margin

CODE
4.3%
DUOL
40%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Northcoders Group PLC
Duolingo Inc

FCF Margin

CODE
6.8%
DUOL
36.1%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Northcoders Group PLC
Duolingo Inc

ROE

CODE
6.7%
DUOL
36.3%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Northcoders Group PLC
Duolingo Inc

ROA

CODE
4.7%
DUOL
24.9%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Northcoders Group PLC
Duolingo Inc

ROIC

CODE
9.9%
DUOL
52.3%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Northcoders Group PLC
Duolingo Inc

ROCE

CODE
7.4%
DUOL
9.8%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Northcoders Group PLC
Duolingo Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
CODE, DUOL

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DUOL
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Performance Gap
CODE, DUOL

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CODE
DUOL
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
CODE, DUOL

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DUOL
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