` Comparison: VTBR vs SBER - Alpha Spread

B
VTBR
vs
S
SBER

Over the past 12 months, VTBR has outperformed SBER, delivering a return of +2% compared to the SBER's 0% growth.

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VTBR
SBER
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Valuation Comparison

VTBR Intrinsic Value
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SBER Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
B
Bank VTB PAO
MOEX:VTBR
82.76 RUB
S
Sberbank Rossii PAO
LSE:SBER
0.0453 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
VTBR, SBER

VTBR
SBER
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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
Sberbank Rossii PAO
Revenue

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

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Profitability Comparison

Free Cash Flow
VTBR, SBER

VTBR
SBER
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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
Sberbank Rossii PAO
LSE:SBER
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

VTBR
SBER
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
Not applicable for financial companies
S
Sberbank Rossii PAO
Not applicable for financial companies

Operating Margin

VTBR
SBER
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
Not applicable for financial companies
S
Sberbank Rossii PAO
Not applicable for financial companies

Net Margin

VTBR
28.2%
SBER
39.5%
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
S
Sberbank Rossii PAO

FCF Margin

VTBR
SBER
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
Not applicable for financial companies
S
Sberbank Rossii PAO
Not applicable for financial companies

ROE

VTBR
19.5%
SBER
24.2%
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
S
Sberbank Rossii PAO

ROA

VTBR
1.7%
SBER
3.2%
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
S
Sberbank Rossii PAO

ROIC

VTBR
SBER
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
Not applicable for financial companies
S
Sberbank Rossii PAO
Not applicable for financial companies

ROCE

VTBR
SBER
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank VTB PAO
Not applicable for financial companies
S
Sberbank Rossii PAO
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
VTBR, SBER

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Performance Gap
VTBR, SBER

Performance Gap Between VTBR and SBER
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Performance By Year
VTBR, SBER

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VTBR
SBER
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