` Comparison: PRE, NLY - Alpha Spread

PRE
vs
NLY

Over the past 12 months, PRE has significantly outperformed NLY, delivering a return of +160% compared to the NLY's +16% growth.

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PRE
NLY
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Valuation Comparison

PRE Intrinsic Value
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NLY Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Artisan Acquisition Corp
NASDAQ:PRE
15.47 USD
Annaly Capital Management Inc
NYSE:NLY
22.23 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
PRE, NLY

PRE
NLY
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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
Artisan Acquisition Corp
Revenue
Annaly Capital Management Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
PRE, NLY

PRE
NLY
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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
Artisan Acquisition Corp
NASDAQ:PRE
Annaly Capital Management Inc
NYSE:NLY
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What is Free Cash Flow?

Gross Margin

PRE
40.6%
NLY
26.7%

Operating Margin

PRE
-220.8%
NLY
23.7%

Net Margin

PRE
-288.5%
NLY
20.9%

FCF Margin

PRE
-6.8%
NLY
30.9%

ROE

PRE
-28.3%
NLY
9.8%

ROA

PRE
-22.2%
NLY
1.2%

ROIC

PRE
-28.4%
NLY
1.4%

ROCE

PRE
-20.4%
NLY
3.9%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
PRE, NLY

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Performance Gap
PRE, NLY

Performance Gap Between PRE and NLY
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Performance By Year
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PRE
NLY
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