` Comparison: AZM vs NY1 - Alpha Spread

AZM
vs
N
NY1

Over the past 12 months, AZM has underperformed NY1, delivering a return of +23% compared to the NY1's +39% growth.

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AZM
NY1
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Valuation Comparison

AZM Intrinsic Value
76.7 EUR
Undervaluation 57%
Intrinsic Value
Price
N
NY1 Intrinsic Value
3 099.56 Zac
Overvaluation 37%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Azimut Holding SpA
MIL:AZM
32.8 EUR
N
Ninety One Ltd
JSE:NY1
4 921 Zac
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
AZM, NY1

AZM
NY1
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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
Azimut Holding SpA
Revenue
N
Ninety One Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
AZM, NY1

AZM
NY1
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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
Azimut Holding SpA
MIL:AZM
N
Ninety One Ltd
JSE:NY1
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What is Free Cash Flow?

Gross Margin

AZM
72.9%
NY1
85.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Azimut Holding SpA
N
Ninety One Ltd

Operating Margin

AZM
46.5%
NY1
26.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Azimut Holding SpA
N
Ninety One Ltd

Net Margin

AZM
35.8%
NY1
22.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Azimut Holding SpA
N
Ninety One Ltd

FCF Margin

AZM
37.7%
NY1
29.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Azimut Holding SpA
N
Ninety One Ltd

ROE

AZM
26.5%
NY1
45.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Azimut Holding SpA
N
Ninety One Ltd

ROA

AZM
5%
NY1
1.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Azimut Holding SpA
N
Ninety One Ltd

ROIC

AZM
5.6%
NY1
76.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Azimut Holding SpA
N
Ninety One Ltd

ROCE

AZM
6.6%
NY1
37.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Azimut Holding SpA
N
Ninety One Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
AZM, NY1

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Performance Gap
AZM, NY1

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AZM
NY1
Difference
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Performance By Year
AZM, NY1

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AZM
NY1
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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