` Comparison: COP vs BN - Alpha Spread

COP
vs
BN

Over the past 12 months, COP has underperformed BN, delivering a return of +8% compared to the BN's +16% growth.

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COP
BN
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Valuation Comparison

COP Intrinsic Value
10.76 EUR
Undervaluation 32%
Intrinsic Value
Price
BN Intrinsic Value
53.1 USD
Undervaluation 14%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Copernico SIM SpA
MIL:COP
7.35 EUR
Brookfield Corp
NYSE:BN
45.89 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
COP, BN

Revenue
www.alphaspread.com
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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
Copernico SIM SpA
Revenue
Brookfield Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
COP, BN

Free Cash Flow
www.alphaspread.com
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Copernico SIM SpA
MIL:COP
Brookfield Corp
NYSE:BN
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What is Free Cash Flow?

Gross Margin

COP
45.2%
BN
37.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Copernico SIM SpA
Brookfield Corp

Operating Margin

COP
7.2%
BN
26.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Copernico SIM SpA
Brookfield Corp

Net Margin

COP
1.9%
BN
1.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Copernico SIM SpA
Brookfield Corp

FCF Margin

COP
5.1%
BN
-15.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Copernico SIM SpA
Brookfield Corp

ROE

COP
3.7%
BN
1.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Copernico SIM SpA
Brookfield Corp

ROA

COP
2.4%
BN
0.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Copernico SIM SpA
Brookfield Corp

ROIC

COP
3.1%
BN
2.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Copernico SIM SpA
Brookfield Corp

ROCE

COP
9%
BN
4.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Copernico SIM SpA
Brookfield Corp

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
COP, BN

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Performance Gap
COP, BN

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COP
BN
Difference
www.alphaspread.com

Performance By Year
COP, BN

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