` Comparison: TRG, KIO - Alpha Spread

TRG
vs
K
KIO

Over the past 12 months, TRG has underperformed KIO, delivering a return of -38% compared to the KIO's +13% growth.

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TRG
KIO
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Valuation Comparison

TRG Intrinsic Value
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KIO Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Tubos Reunidos SA
MAD:TRG
0.322 EUR
K
Kumba Iron Ore Ltd
JSE:KIO
37 044 Zac
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Valuation Scenario:
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Growth Comparison

Growth Over Time
TRG, KIO

TRG
KIO
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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
Tubos Reunidos SA
Revenue
K
Kumba Iron Ore Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
TRG, KIO

TRG
KIO
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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
Tubos Reunidos SA
MAD:TRG
K
Kumba Iron Ore Ltd
JSE:KIO
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What is Free Cash Flow?

Gross Margin

TRG
62.7%
KIO
82.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Tubos Reunidos SA
K
Kumba Iron Ore Ltd

Operating Margin

TRG
-4.4%
KIO
33%
LTM 3Y Avg 5Y Avg 10Y Avg
Tubos Reunidos SA
K
Kumba Iron Ore Ltd

Net Margin

TRG
-11.3%
KIO
21.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Tubos Reunidos SA
K
Kumba Iron Ore Ltd

FCF Margin

TRG
-4.8%
KIO
26.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Tubos Reunidos SA
K
Kumba Iron Ore Ltd

ROE

TRG
-167%
KIO
28.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Tubos Reunidos SA
K
Kumba Iron Ore Ltd

ROA

TRG
-8.7%
KIO
15.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Tubos Reunidos SA
K
Kumba Iron Ore Ltd

ROIC

TRG
-3.7%
KIO
22.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Tubos Reunidos SA
K
Kumba Iron Ore Ltd

ROCE

TRG
-4.9%
KIO
26%
LTM 3Y Avg 5Y Avg 10Y Avg
Tubos Reunidos SA
K
Kumba Iron Ore Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TRG, KIO

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Performance Gap
TRG, KIO

Performance Gap Between TRG and KIO
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Performance By Year
TRG, KIO

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TRG
KIO
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