` Comparison: FIVE, L - Alpha Spread

X
FIVE
vs
L

Over the past 12 months, FIVE has underperformed L, delivering a return of 0% compared to the L's +32% growth.

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FIVE
L
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Valuation Comparison

X
FIVE Intrinsic Value
7 258.32 RUB
Undervaluation 62%
Intrinsic Value
Price
L Intrinsic Value
61.79 CAD
Fairly Valued
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
X
X5 Retail Group NV
MOEX:FIVE
2 792.5 RUB
Loblaw Companies Ltd
TSX:L
61.86 CAD
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Valuation Scenario:
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Base Case
Bull Case

Growth Comparison

Growth Over Time
FIVE, L

Revenue
www.alphaspread.com
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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
X
X5 Retail Group NV
Revenue
Loblaw Companies Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
FIVE, L

Free Cash Flow
www.alphaspread.com
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
X
X5 Retail Group NV
MOEX:FIVE
Loblaw Companies Ltd
TSX:L
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What is Free Cash Flow?

Gross Margin

FIVE
24.1%
L
32.4%

Operating Margin

FIVE
5.4%
L
6.9%

Net Margin

FIVE
2.2%
L
3.9%

FCF Margin

FIVE
1.7%
L
5.8%

ROE

FIVE
92.6%
L
21.9%

ROA

FIVE
11.2%
L
6.2%

ROIC

FIVE
29.5%
L
10.3%

ROCE

FIVE
45.8%
L
15.3%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
FIVE, L

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Performance Gap
FIVE, L

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FIVE
L
Difference
www.alphaspread.com

Performance By Year
FIVE, L

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