` Comparison: PSA vs RCL - Alpha Spread

PSA
vs
RCL

Over the past 12 months, PSA has underperformed RCL, delivering a return of 0% compared to the RCL's +33% growth.

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PSA
RCL
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Valuation Comparison

PSA Intrinsic Value
Not Available
RCL Intrinsic Value
291.49 USD
Overvaluation 6%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Portale Sardegna SpA
MIL:PSA
2.96 EUR
Royal Caribbean Cruises Ltd
NYSE:RCL
310.64 USD
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
PSA, RCL

PSA
RCL
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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
Portale Sardegna SpA
Revenue
Royal Caribbean Cruises Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
PSA, RCL

PSA
RCL
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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
Portale Sardegna SpA
MIL:PSA
Royal Caribbean Cruises Ltd
NYSE:RCL
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What is Free Cash Flow?

Gross Margin

PSA
9.6%
RCL
50.6%

Operating Margin

PSA
-1%
RCL
27.4%

Net Margin

PSA
-2.6%
RCL
23.8%

FCF Margin

PSA
0.8%
RCL
6.9%

ROE

PSA
-20.1%
RCL
48.5%

ROA

PSA
-1.7%
RCL
10.8%

ROIC

PSA
-0.5%
RCL
12.8%

ROCE

PSA
-1.1%
RCL
17.3%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
PSA, RCL

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Performance Gap
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PSA
RCL
Difference
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Performance By Year
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PSA
RCL
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