` Comparison: PTSB vs SBK - Alpha Spread

P
PTSB
vs
S
SBK

Over the past 12 months, PTSB has significantly outperformed SBK, delivering a return of +75% compared to the SBK's +26% growth.

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PTSB
SBK
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Valuation Comparison

P
PTSB Intrinsic Value
4.74 EUR
Undervaluation 40%
Intrinsic Value
Price
S
SBK Intrinsic Value
31 784.3 Zac
Undervaluation 5%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
P
Permanent TSB Group Holdings PLC
LSE:PTSB
2.84 EUR
S
Standard Bank Group Ltd
JSE:SBK
30 090 Zac
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
PTSB, SBK

PTSB
SBK
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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
P
Permanent TSB Group Holdings PLC
Revenue
S
Standard Bank Group Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
PTSB, SBK

PTSB
SBK
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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
P
Permanent TSB Group Holdings PLC
LSE:PTSB
FCF is not applicable for financial companies
S
Standard Bank Group Ltd
JSE:SBK
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

PTSB
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
P
Permanent TSB Group Holdings PLC
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

Operating Margin

PTSB
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
P
Permanent TSB Group Holdings PLC
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

Net Margin

PTSB
10.1%
SBK
16.9%

FCF Margin

PTSB
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
P
Permanent TSB Group Holdings PLC
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

ROE

PTSB
2.8%
SBK
17.3%

ROA

PTSB
0.2%
SBK
1.4%

ROIC

PTSB
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
P
Permanent TSB Group Holdings PLC
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

ROCE

PTSB
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
P
Permanent TSB Group Holdings PLC
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
PTSB, SBK

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Performance Gap
PTSB, SBK

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PTSB
SBK
Difference
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Performance By Year
PTSB, SBK

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PTSB
SBK
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Compare PTSB to other stocks
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China Construction Bank Corp
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vs PTSB
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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