` Comparison: TAVI vs BAM - Alpha Spread

TAVI
vs
B
BAM

Over the past 12 months, TAVI has underperformed BAM, delivering a return of -27% compared to the BAM's 14% drop.

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TAVI
BAM
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Valuation Comparison

TAVI Intrinsic Value
4.38 GBX
Undervaluation 22%
Intrinsic Value
Price
B
BAM Intrinsic Value
47.25 CAD
Overvaluation 20%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Tavistock Investments PLC
LSE:TAVI
3.44 GBX
B
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
58.91 CAD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
TAVI, BAM

TAVI
BAM
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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
Tavistock Investments PLC
Revenue
B
BROOKFIELD ASSET MANAGEMENT LTD
Revenue

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

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Profitability Comparison

Free Cash Flow
TAVI, BAM

TAVI
BAM
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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
Tavistock Investments PLC
LSE:TAVI
B
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
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What is Free Cash Flow?

Gross Margin

TAVI
42.1%
BAM
0%

Operating Margin

TAVI
31.2%
BAM
57.8%

Net Margin

TAVI
24.3%
BAM
51.6%

FCF Margin

TAVI
-55%
BAM
31.9%

ROE

TAVI
14.7%
BAM
36.7%

ROA

TAVI
10.7%
BAM
23.2%

ROIC

TAVI
14.6%
BAM
28.4%

ROCE

TAVI
15.9%
BAM
33.3%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TAVI, BAM

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Performance Gap
TAVI, BAM

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TAVI
BAM
Difference
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Performance By Year
TAVI, BAM

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TAVI
BAM
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Compare TAVI to other stocks
BLK
BlackRock Inc
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vs TAVI
BX
Blackstone Inc
Cheaper
vs TAVI
BN
Brookfield Corp
Cheaper
vs TAVI
NY1
Ninety One Ltd
N
More expensive
vs TAVI
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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