` Comparison: REFI vs RITM - Alpha Spread

REFI
vs
RITM

Over the past 12 months, REFI has underperformed RITM, delivering a return of -24% compared to the RITM's 15% drop.

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REFI
RITM
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Valuation Comparison

REFI Intrinsic Value
16.07 USD
Undervaluation 25%
Intrinsic Value
Price
RITM Intrinsic Value
40.244269 USD
Undervaluation 75%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Chicago Atlantic Real Estate Finance Inc
NASDAQ:REFI
12.13 USD
Rithm Capital Corp
NYSE:RITM
10.194041 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
REFI, RITM

REFI
RITM
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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
Chicago Atlantic Real Estate Finance Inc
Revenue
Rithm Capital Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
REFI, RITM

REFI
RITM
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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
Chicago Atlantic Real Estate Finance Inc
NASDAQ:REFI
Rithm Capital Corp
NYSE:RITM
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What is Free Cash Flow?

Gross Margin

REFI
88.6%
RITM
65.4%

Operating Margin

REFI
57.4%
RITM
16.8%

Net Margin

REFI
57.4%
RITM
11.8%

FCF Margin

REFI
38.7%
RITM
-67.7%

ROE

REFI
11.8%
RITM
7%

ROA

REFI
9%
RITM
1.1%

ROIC

REFI
9.5%
RITM
1.5%

ROCE

REFI
9.3%
RITM
2.3%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
REFI, RITM

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Performance Gap
REFI, RITM

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REFI
RITM
Difference
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Performance By Year
REFI, RITM

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REFI
RITM
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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