` Comparison: VTBR vs SBK - Alpha Spread

B
VTBR
vs
S
SBK

Over the past 12 months, VTBR has underperformed SBK, delivering a return of +2% compared to the SBK's +42% growth.

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VTBR
SBK
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Valuation Comparison

B
VTBR Intrinsic Value
Not Available
S
SBK Intrinsic Value
20 292.27 Zac
Overvaluation 34%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
B
Bank VTB PAO
MOEX:VTBR
82.915 RUB
S
Standard Bank Group Ltd
JSE:SBK
30 887 Zac
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
VTBR, SBK

VTBR
SBK
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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
B
Bank VTB PAO
Revenue
S
Standard Bank Group Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
VTBR, SBK

VTBR
SBK
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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
B
Bank VTB PAO
MOEX:VTBR
FCF is not applicable for financial companies
S
Standard Bank Group Ltd
JSE:SBK
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

VTBR
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

Operating Margin

VTBR
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

Net Margin

VTBR
28.2%
SBK
17.6%
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
S
Standard Bank Group Ltd

FCF Margin

VTBR
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

ROE

VTBR
19.5%
SBK
16.8%
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
S
Standard Bank Group Ltd

ROA

VTBR
1.7%
SBK
1.4%
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
S
Standard Bank Group Ltd

ROIC

VTBR
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

ROCE

VTBR
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
Not applicable for financial companies
S
Standard Bank Group Ltd
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
VTBR, SBK

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Performance Gap
VTBR, SBK

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VTBR
SBK
Difference
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Performance By Year
VTBR, SBK

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VTBR
SBK
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S
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C
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