` Comparison: SMID vs HOLN - Alpha Spread

SMID
vs
HOLN

Over the past 12 months, SMID has underperformed HOLN, delivering a return of -9% compared to the HOLN's +44% growth.

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SMID
HOLN
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Valuation Comparison

SMID Intrinsic Value
33.87 USD
Overvaluation 1%
Intrinsic Value
Price
HOLN Intrinsic Value
117.19 CHF
Undervaluation 40%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Smith-Midland Corp
NASDAQ:SMID
34.33 USD
Holcim AG
SIX:HOLN
70.22 CHF
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
SMID, HOLN

SMID
HOLN
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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
Smith-Midland Corp
Revenue
Holcim AG
Revenue

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

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Profitability Comparison

Free Cash Flow
SMID, HOLN

SMID
HOLN
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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
Smith-Midland Corp
NASDAQ:SMID
Holcim AG
SIX:HOLN
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What is Free Cash Flow?

Gross Margin

SMID
28%
HOLN
44.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Smith-Midland Corp
Holcim AG

Operating Margin

SMID
17.6%
HOLN
17.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Smith-Midland Corp
Holcim AG

Net Margin

SMID
13.2%
HOLN
71.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Smith-Midland Corp
Holcim AG

FCF Margin

SMID
5.7%
HOLN
17.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Smith-Midland Corp
Holcim AG

ROE

SMID
25.6%
HOLN
75.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Smith-Midland Corp
Holcim AG

ROA

SMID
15.4%
HOLN
35.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Smith-Midland Corp
Holcim AG

ROIC

SMID
19.9%
HOLN
7.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Smith-Midland Corp
Holcim AG

ROCE

SMID
25.7%
HOLN
10.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Smith-Midland Corp
Holcim AG

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SMID, HOLN

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Performance Gap
SMID, HOLN

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SMID
HOLN
Difference
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Performance By Year
SMID, HOLN

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SMID
HOLN
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