` Comparison: MASI vs DGE - Alpha Spread

MASI
vs
DGE

Over the past 12 months, MASI has significantly outperformed DGE, delivering a return of +2% compared to the DGE's 29% drop.

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MASI
DGE
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Valuation Comparison

MASI Intrinsic Value
3.38 EUR
Overvaluation 22%
Intrinsic Value
Price
DGE Intrinsic Value
2 094.2 GBX
Undervaluation 26%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Masi Agricola SpA
MIL:MASI
4.35 EUR
Diageo PLC
LSE:DGE
1 544.5 GBX
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
MASI, DGE

MASI
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
Masi Agricola SpA
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
MASI, DGE

MASI
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
Masi Agricola SpA
MIL:MASI
Diageo PLC
LSE:DGE
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What is Free Cash Flow?

Gross Margin

MASI
61.6%
DGE
59.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Masi Agricola SpA
Diageo PLC

Operating Margin

MASI
3.6%
DGE
21.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Masi Agricola SpA
Diageo PLC

Net Margin

MASI
-1.8%
DGE
12.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Masi Agricola SpA
Diageo PLC

FCF Margin

MASI
8.5%
DGE
11.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Masi Agricola SpA
Diageo PLC

ROE

MASI
-0.9%
DGE
22.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Masi Agricola SpA
Diageo PLC

ROA

MASI
-0.6%
DGE
5%
LTM 3Y Avg 5Y Avg 10Y Avg
Masi Agricola SpA
Diageo PLC

ROIC

MASI
8.6%
DGE
7.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Masi Agricola SpA
Diageo PLC

ROCE

MASI
1.4%
DGE
11.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Masi Agricola SpA
Diageo PLC

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
MASI, DGE

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Performance Gap
MASI, DGE

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MASI
DGE
Difference
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Performance By Year
MASI, DGE

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MASI
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