` Comparison: IBKR vs JPM - Alpha Spread

IBKR
vs
JPM

Over the past 12 months, IBKR has significantly outperformed JPM, delivering a return of +57% compared to the JPM's +22% growth.

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IBKR
JPM
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Valuation Comparison

IBKR Intrinsic Value
52.202 USD
Overvaluation 24%
Intrinsic Value
Price
JPM Intrinsic Value
318.19 USD
Undervaluation 10%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Interactive Brokers Group Inc
NASDAQ:IBKR
68.485 USD
JPMorgan Chase & Co
NYSE:JPM
285.57 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
IBKR, JPM

IBKR
JPM
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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
Interactive Brokers Group Inc
Revenue
JPMorgan Chase & Co
Revenue

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

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Profitability Comparison

Free Cash Flow
IBKR, JPM

IBKR
JPM
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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
Interactive Brokers Group Inc
NASDAQ:IBKR
JPMorgan Chase & Co
NYSE:JPM
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

IBKR
55.5%
JPM
LTM 3Y Avg 5Y Avg 10Y Avg
Interactive Brokers Group Inc
JPMorgan Chase & Co
Not applicable for financial companies

Operating Margin

IBKR
45.8%
JPM
LTM 3Y Avg 5Y Avg 10Y Avg
Interactive Brokers Group Inc
JPMorgan Chase & Co
Not applicable for financial companies

Net Margin

IBKR
9.4%
JPM
30.5%

FCF Margin

IBKR
151%
JPM
LTM 3Y Avg 5Y Avg 10Y Avg
Interactive Brokers Group Inc
JPMorgan Chase & Co
Not applicable for financial companies

ROE

IBKR
20.4%
JPM
15.7%

ROA

IBKR
0.6%
JPM
1.3%

ROIC

IBKR
12%
JPM
LTM 3Y Avg 5Y Avg 10Y Avg
Interactive Brokers Group Inc
JPMorgan Chase & Co
Not applicable for financial companies

ROCE

IBKR
25%
JPM
LTM 3Y Avg 5Y Avg 10Y Avg
Interactive Brokers Group Inc
JPMorgan Chase & Co
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
IBKR, JPM

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Performance Gap
IBKR, JPM

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IBKR
JPM
Difference
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Performance By Year
IBKR, JPM

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IBKR
JPM
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett