` Comparison: HCAT, DOCS - Alpha Spread

HCAT
vs
DOCS

Over the past 12 months, HCAT has underperformed DOCS, delivering a return of -66% compared to the DOCS's 25% drop.

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HCAT
DOCS
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Valuation Comparison

HCAT Intrinsic Value
4.85 USD
Undervaluation 52%
Intrinsic Value
Price
DOCS Intrinsic Value
33.46 USD
Overvaluation 23%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Health Catalyst Inc
NASDAQ:HCAT
2.35 USD
Doximity Inc
NYSE:DOCS
43.65 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
HCAT, DOCS

HCAT
DOCS
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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
Health Catalyst Inc
Revenue
Doximity Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
HCAT, DOCS

HCAT
DOCS
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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
Health Catalyst Inc
NASDAQ:HCAT
Doximity Inc
NYSE:DOCS
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What is Free Cash Flow?

Gross Margin

HCAT
47.5%
DOCS
90.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Health Catalyst Inc
Doximity Inc

Operating Margin

HCAT
-14.6%
DOCS
39.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Health Catalyst Inc
Doximity Inc

Net Margin

HCAT
-34.1%
DOCS
40.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Health Catalyst Inc
Doximity Inc

FCF Margin

HCAT
-10.6%
DOCS
50.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Health Catalyst Inc
Doximity Inc

ROE

HCAT
-31.3%
DOCS
24.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Health Catalyst Inc
Doximity Inc

ROA

HCAT
-15.4%
DOCS
21.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Health Catalyst Inc
Doximity Inc

ROIC

HCAT
-10.3%
DOCS
64%
LTM 3Y Avg 5Y Avg 10Y Avg
Health Catalyst Inc
Doximity Inc

ROCE

HCAT
-9.3%
DOCS
23.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Health Catalyst Inc
Doximity Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HCAT, DOCS

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Performance Gap
HCAT, DOCS

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HCAT
DOCS
Difference
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Performance By Year
HCAT, DOCS

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HCAT
DOCS
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