` Comparison: TCX, NET - Alpha Spread

TCX
vs
NET

Over the past 12 months, TCX has underperformed NET, delivering a return of -19% compared to the NET's +156% growth.

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TCX
NET
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One-click summary across all key metrics.
Ranked results with clear takeaways.
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Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
We need a little more time to summarize the results

Valuation Comparison

TCX Intrinsic Value
31.59 USD
Undervaluation 35%
Intrinsic Value
Price
NET Intrinsic Value
27.09 USD
Overvaluation 86%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Tucows Inc
NASDAQ:TCX
20.61 USD
Cloudflare Inc
NYSE:NET
198.42 USD
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
TCX, NET

TCX
NET
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Revenue
www.alphaspread.com
Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Tucows Inc
Revenue
Cloudflare Inc
Revenue

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

Profitability Comparison

Free Cash Flow
TCX, NET

TCX
NET
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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
Tucows Inc
NASDAQ:TCX
Cloudflare Inc
NYSE:NET
What is Free Cash Flow?

Gross Margin

TCX
24.3%
NET
76.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Tucows Inc
Cloudflare Inc

Operating Margin

TCX
-13.7%
NET
-8.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Tucows Inc
Cloudflare Inc

Net Margin

TCX
-26.7%
NET
-4.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Tucows Inc
Cloudflare Inc

FCF Margin

TCX
-19.7%
NET
10.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Tucows Inc
Cloudflare Inc

ROE

TCX
158.6%
NET
-7.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Tucows Inc
Cloudflare Inc

ROA

TCX
-12.9%
NET
-2.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Tucows Inc
Cloudflare Inc

ROIC

TCX
-8%
NET
-12.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Tucows Inc
Cloudflare Inc

ROCE

TCX
-9%
NET
-6%
LTM 3Y Avg 5Y Avg 10Y Avg
Tucows Inc
Cloudflare Inc

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
TCX, NET

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Performance Gap
TCX, NET

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TCX
NET
Difference
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Performance By Year
TCX, NET

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TCX
NET
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