` Comparison: RSVR, UMG - Alpha Spread

RSVR
vs
UMG

Over the past 12 months, RSVR has underperformed UMG, delivering a return of -18% compared to the UMG's 10% drop.

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RSVR
UMG
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Valuation Comparison

RSVR Intrinsic Value
6.36 USD
Overvaluation 16%
Intrinsic Value
Price
UMG Intrinsic Value
24.76 EUR
Undervaluation 12%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Reservoir Media Inc
NASDAQ:RSVR
7.61 USD
Universal Music Group NV
AEX:UMG
21.87 EUR
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
RSVR, UMG

RSVR
UMG
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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
Reservoir Media Inc
Revenue
Universal Music Group NV
Revenue

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

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Profitability Comparison

Free Cash Flow
RSVR, UMG

RSVR
UMG
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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
Reservoir Media Inc
NASDAQ:RSVR
Universal Music Group NV
AEX:UMG
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What is Free Cash Flow?

Gross Margin

RSVR
64.5%
UMG
0%

Operating Margin

RSVR
21.4%
UMG
32.8%

Net Margin

RSVR
5.8%
UMG
37%

FCF Margin

RSVR
-51.4%
UMG
11.1%

ROE

RSVR
2.6%
UMG
135.4%

ROA

RSVR
1.1%
UMG
33.6%

ROIC

RSVR
3.3%
UMG
47.3%

ROCE

RSVR
4.6%
UMG
52.2%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
RSVR, UMG

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Performance Gap
RSVR, UMG

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RSVR
UMG
Difference
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Performance By Year
RSVR, UMG

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RSVR
UMG
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