` Comparison: REFI vs STWD - Alpha Spread

REFI
vs
STWD

Over the past 12 months, REFI has underperformed STWD, delivering a return of -25% compared to the STWD's 11% drop.

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REFI
STWD
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Valuation Comparison

REFI Intrinsic Value
16.38 USD
Undervaluation 26%
Intrinsic Value
Price
STWD Intrinsic Value
26.3 USD
Undervaluation 33%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Chicago Atlantic Real Estate Finance Inc
NASDAQ:REFI
12.05 USD
Starwood Property Trust Inc
NYSE:STWD
17.69 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
REFI, STWD

REFI
STWD
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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
Starwood Property Trust Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
REFI, STWD

REFI
STWD
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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
Starwood Property Trust Inc
NYSE:STWD
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What is Free Cash Flow?

Gross Margin

REFI
88.6%
STWD
24.5%

Operating Margin

REFI
57.4%
STWD
3.7%

Net Margin

REFI
57.4%
STWD
19.3%

FCF Margin

REFI
38.7%
STWD
42.4%

ROE

REFI
11.8%
STWD
5.3%

ROIC

REFI
9.5%
STWD
0.1%

ROCE

REFI
9.3%
STWD
0.1%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
REFI, STWD

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Performance Gap
REFI, STWD

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REFI
STWD
Difference
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Performance By Year
REFI, STWD

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REFI
STWD
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