` Comparison: PHNX, SLM - Alpha Spread

PHNX
vs
S
SLM

Over the past 12 months, PHNX has significantly outperformed SLM, delivering a return of +32% compared to the SLM's +10% growth.

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PHNX
SLM
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Valuation Comparison

PHNX Intrinsic Value
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SLM Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Phoenix Group Holdings PLC
LSE:PHNX
676.5 GBX
S
Sanlam Ltd
JSE:SLM
9 604 Zac
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
PHNX, SLM

PHNX
SLM
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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
Phoenix Group Holdings PLC
Revenue
S
Sanlam Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
PHNX, SLM

PHNX
SLM
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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
Phoenix Group Holdings PLC
LSE:PHNX
FCF is not applicable for financial companies
S
Sanlam Ltd
JSE:SLM
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

PHNX
SLM
LTM 3Y Avg 5Y Avg 10Y Avg
Phoenix Group Holdings PLC
Not applicable for financial companies
S
Sanlam Ltd
Not applicable for financial companies

Operating Margin

PHNX
SLM
LTM 3Y Avg 5Y Avg 10Y Avg
Phoenix Group Holdings PLC
Not applicable for financial companies
S
Sanlam Ltd
Not applicable for financial companies

Net Margin

PHNX
-3.7%
SLM
17%
LTM 3Y Avg 5Y Avg 10Y Avg
Phoenix Group Holdings PLC
S
Sanlam Ltd

FCF Margin

PHNX
SLM
LTM 3Y Avg 5Y Avg 10Y Avg
Phoenix Group Holdings PLC
Not applicable for financial companies
S
Sanlam Ltd
Not applicable for financial companies

ROE

PHNX
-35.6%
SLM
23.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Phoenix Group Holdings PLC
S
Sanlam Ltd

ROA

PHNX
-0.2%
SLM
2%
LTM 3Y Avg 5Y Avg 10Y Avg
Phoenix Group Holdings PLC
S
Sanlam Ltd

ROIC

PHNX
SLM
LTM 3Y Avg 5Y Avg 10Y Avg
Phoenix Group Holdings PLC
Not applicable for financial companies
S
Sanlam Ltd
Not applicable for financial companies

ROCE

PHNX
SLM
LTM 3Y Avg 5Y Avg 10Y Avg
Phoenix Group Holdings PLC
Not applicable for financial companies
S
Sanlam Ltd
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
PHNX, SLM

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Performance Gap
PHNX, SLM

Performance Gap Between PHNX and SLM
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Performance By Year
PHNX, SLM

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PHNX
SLM
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