` Comparison: IWB vs DGE - Alpha Spread

IWB
vs
DGE

Over the past 12 months, IWB has outperformed DGE, delivering a return of -8% compared to the DGE's 24% drop.

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IWB
DGE
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Valuation Comparison

IWB Intrinsic Value
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DGE Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Italian Wine Brands S.P.A.
MIL:IWB
20.7 EUR
Diageo PLC
LSE:DGE
1 654.4 GBX
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
IWB, DGE

IWB
DGE
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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
Italian Wine Brands S.P.A.
Revenue
Diageo PLC
Revenue

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

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Profitability Comparison

Free Cash Flow
IWB, DGE

IWB
DGE
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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
Italian Wine Brands S.P.A.
MIL:IWB
Diageo PLC
LSE:DGE
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What is Free Cash Flow?

Gross Margin

IWB
28.7%
DGE
59.7%

Operating Margin

IWB
9.8%
DGE
21.7%

Net Margin

IWB
5.9%
DGE
12.2%

FCF Margin

IWB
9.5%
DGE
11.4%

ROE

IWB
10.7%
DGE
22.1%

ROA

IWB
4.7%
DGE
5%

ROIC

IWB
8.2%
DGE
7.9%

ROCE

IWB
10.3%
DGE
11.5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
IWB, DGE

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Performance Gap
IWB, DGE

Performance Gap Between IWB and DGE
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Performance By Year
IWB, DGE

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IWB
DGE
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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