` Comparison: NZI vs HEIO - Alpha Spread

NZI
vs
HEIO

Over the past 12 months, NZI has underperformed HEIO, delivering a return of 0% compared to the HEIO's 2% drop.

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NZI
HEIO
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Valuation Comparison

NZI Intrinsic Value
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HEIO Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Net Zero Infrastructure PLC
LSE:NZI
1.35 GBX
Heineken Holding NV
AEX:HEIO
68.8 EUR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
NZI, HEIO

NZI
HEIO
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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
Net Zero Infrastructure PLC
Revenue
Heineken Holding NV
Revenue

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

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Profitability Comparison

Free Cash Flow
NZI, HEIO

NZI
HEIO
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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
Net Zero Infrastructure PLC
LSE:NZI
Heineken Holding NV
AEX:HEIO
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What is Free Cash Flow?

Gross Margin

NZI
0%
HEIO
66%

Operating Margin

NZI
0%
HEIO
13.2%

Net Margin

NZI
0%
HEIO
3.3%

FCF Margin

NZI
0%
HEIO
9.1%

ROE

NZI
-1 233.5%
HEIO
10.5%

ROA

NZI
-267.8%
HEIO
1.8%

ROIC

NZI
500.7%
HEIO
6.8%

ROCE

NZI
-1 233.5%
HEIO
9.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
NZI, HEIO

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Performance Gap
NZI, HEIO

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Performance Gap Between NZI and HEIO
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Performance By Year
NZI, HEIO

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NZI
HEIO
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EQT
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INDU A
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vs NZI
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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