` Comparison: RAND vs NY1 - Alpha Spread

RAND
vs
N
NY1

Over the past 12 months, RAND has underperformed NY1, delivering a return of -58% compared to the NY1's +52% growth.

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RAND
NY1
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Valuation Comparison

RAND Intrinsic Value
15.171 USD
Undervaluation 27%
Intrinsic Value
Price
N
NY1 Intrinsic Value
2 455.59 Zac
Overvaluation 53%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Rand Capital Corp
NASDAQ:RAND
11.043 USD
N
Ninety One Ltd
JSE:NY1
5 174 Zac
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
RAND, NY1

RAND
NY1
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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
Rand Capital Corp
Revenue
N
Ninety One Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
RAND, NY1

RAND
NY1
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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
Rand Capital Corp
NASDAQ:RAND
N
Ninety One Ltd
JSE:NY1
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What is Free Cash Flow?

Gross Margin

RAND
82.7%
NY1
85.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Rand Capital Corp
N
Ninety One Ltd

Operating Margin

RAND
98%
NY1
26.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Rand Capital Corp
N
Ninety One Ltd

Net Margin

RAND
-164.8%
NY1
22.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Rand Capital Corp
N
Ninety One Ltd

FCF Margin

RAND
195.7%
NY1
29.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Rand Capital Corp
N
Ninety One Ltd

ROE

RAND
-19.5%
NY1
45.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Rand Capital Corp
N
Ninety One Ltd

ROA

RAND
-17.9%
NY1
1.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Rand Capital Corp
N
Ninety One Ltd

ROIC

RAND
12.1%
NY1
76.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Rand Capital Corp
N
Ninety One Ltd

ROCE

RAND
11.1%
NY1
37.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Rand Capital Corp
N
Ninety One Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
RAND, NY1

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Performance Gap
RAND, NY1

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RAND
NY1
Difference
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Performance By Year
RAND, NY1

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RAND
NY1
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