` Comparison: TERN vs KKR - Alpha Spread

TERN
vs
KKR

Over the past 12 months, TERN has underperformed KKR, delivering a return of -36% compared to the KKR's 23% drop.

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TERN
KKR
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Valuation Comparison

TERN Intrinsic Value
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KKR Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Tern PLC
LSE:TERN
0.75 GBX
KKR & Co Inc
NYSE:KKR
88.5 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
TERN, KKR

TERN
KKR
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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
Tern PLC
Revenue
KKR & Co Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
TERN, KKR

TERN
KKR
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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
Tern PLC
LSE:TERN
KKR & Co Inc
NYSE:KKR
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What is Free Cash Flow?

Gross Margin

TERN
0%
KKR
38.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Tern PLC
KKR & Co Inc

Operating Margin

TERN
240.1%
KKR
2.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Tern PLC
KKR & Co Inc

Net Margin

TERN
235.9%
KKR
10.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Tern PLC
KKR & Co Inc

FCF Margin

TERN
182.4%
KKR
1.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Tern PLC
KKR & Co Inc

ROE

TERN
-19.7%
KKR
8.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Tern PLC
KKR & Co Inc

ROA

TERN
-18.6%
KKR
0.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Tern PLC
KKR & Co Inc

ROIC

TERN
-19.9%
KKR
0.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Tern PLC
KKR & Co Inc

ROCE

TERN
-20.1%
KKR
0.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Tern PLC
KKR & Co Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TERN, KKR

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Performance Gap
TERN, KKR

Performance Gap Between TERN and KKR
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Performance By Year
TERN, KKR

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TERN
KKR
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Compare TERN to other stocks
BLK
BlackRock Inc
Cheaper
vs TERN
BX
Blackstone Inc
Cheaper
vs TERN
BN
Brookfield Corp
Cheaper
vs TERN
NY1
Ninety One Ltd
N
Cheaper
vs TERN
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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