` Comparison: FBK vs CPI - Alpha Spread

F
FBK
vs
C
CPI

Over the past 12 months, FBK has underperformed CPI, delivering a return of +14% compared to the CPI's +50% growth.

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FBK
CPI
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Valuation Comparison

F
FBK Intrinsic Value
15.93 EUR
Overvaluation 21%
Intrinsic Value
Price
C
CPI Intrinsic Value
248 404.19 Zac
Overvaluation 47%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
F
FinecoBank Banca Fineco SpA
MIL:FBK
20.28 EUR
C
Capitec Bank Holdings Ltd
JSE:CPI
467 500 Zac
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
FBK, CPI

FBK
CPI
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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
F
FinecoBank Banca Fineco SpA
Revenue
C
Capitec Bank Holdings Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
FBK, CPI

FBK
CPI
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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
F
FinecoBank Banca Fineco SpA
MIL:FBK
FCF is not applicable for financial companies
C
Capitec Bank Holdings Ltd
JSE:CPI
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

FBK
CPI
LTM 3Y Avg 5Y Avg 10Y Avg
F
FinecoBank Banca Fineco SpA
Not applicable for financial companies
C
Capitec Bank Holdings Ltd
Not applicable for financial companies

Operating Margin

FBK
CPI
LTM 3Y Avg 5Y Avg 10Y Avg
F
FinecoBank Banca Fineco SpA
Not applicable for financial companies
C
Capitec Bank Holdings Ltd
Not applicable for financial companies

Net Margin

FBK
49.1%
CPI
24.6%

FCF Margin

FBK
CPI
LTM 3Y Avg 5Y Avg 10Y Avg
F
FinecoBank Banca Fineco SpA
Not applicable for financial companies
C
Capitec Bank Holdings Ltd
Not applicable for financial companies

ROE

FBK
26.2%
CPI
30.7%

ROA

FBK
1.8%
CPI
6.5%

ROIC

FBK
CPI
LTM 3Y Avg 5Y Avg 10Y Avg
F
FinecoBank Banca Fineco SpA
Not applicable for financial companies
C
Capitec Bank Holdings Ltd
Not applicable for financial companies

ROCE

FBK
CPI
LTM 3Y Avg 5Y Avg 10Y Avg
F
FinecoBank Banca Fineco SpA
Not applicable for financial companies
C
Capitec Bank Holdings Ltd
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
FBK, CPI

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Performance Gap
FBK, CPI

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FBK
CPI
Difference
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Performance By Year
FBK, CPI

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FBK
CPI
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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