` Comparison: HAT vs BAJFINANCE - Alpha Spread

HAT
vs
BAJFINANCE

Over the past 12 months, HAT has significantly outperformed BAJFINANCE, delivering a return of +79% compared to the BAJFINANCE's +20% growth.

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HAT
BAJFINANCE
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Valuation Comparison

HAT Intrinsic Value
519.59 GBX
Overvaluation 20%
Intrinsic Value
Price
BAJFINANCE Intrinsic Value
892.24 INR
Overvaluation 10%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
H & T Group PLC
LSE:HAT
650 GBX
Bajaj Finance Ltd
NSE:BAJFINANCE
993.85 INR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
HAT, BAJFINANCE

HAT
BAJFINANCE
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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
H & T Group PLC
Revenue
Bajaj Finance Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
HAT, BAJFINANCE

HAT
BAJFINANCE
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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
H & T Group PLC
LSE:HAT
Bajaj Finance Ltd
NSE:BAJFINANCE
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What is Free Cash Flow?

Gross Margin

HAT
36.3%
BAJFINANCE
60.5%
LTM 3Y Avg 5Y Avg 10Y Avg
H & T Group PLC
Bajaj Finance Ltd

Operating Margin

HAT
25.9%
BAJFINANCE
43.2%
LTM 3Y Avg 5Y Avg 10Y Avg
H & T Group PLC
Bajaj Finance Ltd

Net Margin

HAT
8.4%
BAJFINANCE
22.9%
LTM 3Y Avg 5Y Avg 10Y Avg
H & T Group PLC
Bajaj Finance Ltd

FCF Margin

HAT
1.7%
BAJFINANCE
-83.6%
LTM 3Y Avg 5Y Avg 10Y Avg
H & T Group PLC
Bajaj Finance Ltd

ROE

HAT
12%
BAJFINANCE
19%
LTM 3Y Avg 5Y Avg 10Y Avg
H & T Group PLC
Bajaj Finance Ltd

ROA

HAT
8.2%
BAJFINANCE
3.9%
LTM 3Y Avg 5Y Avg 10Y Avg
H & T Group PLC
Bajaj Finance Ltd

ROIC

HAT
21%
BAJFINANCE
5.8%
LTM 3Y Avg 5Y Avg 10Y Avg
H & T Group PLC
Bajaj Finance Ltd

ROCE

HAT
26.6%
BAJFINANCE
8.7%
LTM 3Y Avg 5Y Avg 10Y Avg
H & T Group PLC
Bajaj Finance Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HAT, BAJFINANCE

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HAT
BAJFINANCE
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Performance Gap
HAT, BAJFINANCE

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HAT
BAJFINANCE
Difference
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Performance By Year
HAT, BAJFINANCE

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HAT
BAJFINANCE
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett