` Comparison: CHMF, NUE - Alpha Spread

CHMF
vs
NUE

Over the past 12 months, CHMF has underperformed NUE, delivering a return of -6% compared to the NUE's +36% growth.

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CHMF
NUE
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Valuation Comparison

CHMF Intrinsic Value
Not Available
NUE Intrinsic Value
119.22 USD
Overvaluation 25%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Severstal' PAO
MOEX:CHMF
987 RUB
Nucor Corp
NYSE:NUE
159.35 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
CHMF, NUE

CHMF
NUE
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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
Severstal' PAO
Revenue
Nucor Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
CHMF, NUE

CHMF
NUE
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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
Severstal' PAO
MOEX:CHMF
Nucor Corp
NYSE:NUE
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What is Free Cash Flow?

Gross Margin

CHMF
30.1%
NUE
11.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Severstal' PAO
Nucor Corp

Operating Margin

CHMF
13.9%
NUE
7.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Severstal' PAO
Nucor Corp

Net Margin

CHMF
10.9%
NUE
5.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Severstal' PAO
Nucor Corp

FCF Margin

CHMF
-6.7%
NUE
-1%
LTM 3Y Avg 5Y Avg 10Y Avg
Severstal' PAO
Nucor Corp

ROE

CHMF
15.3%
NUE
8%
LTM 3Y Avg 5Y Avg 10Y Avg
Severstal' PAO
Nucor Corp

ROA

CHMF
9.3%
NUE
4.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Severstal' PAO
Nucor Corp

ROIC

CHMF
13.2%
NUE
7%
LTM 3Y Avg 5Y Avg 10Y Avg
Severstal' PAO
Nucor Corp

ROCE

CHMF
16.5%
NUE
8.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Severstal' PAO
Nucor Corp

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
CHMF, NUE

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Performance Gap
CHMF, NUE

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CHMF
NUE
Difference
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Performance By Year
CHMF, NUE

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CHMF
NUE
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