` Comparison: TERN vs NOVN - Alpha Spread
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TERN
vs
NOVN

Over the past 12 months, TERN has significantly outperformed NOVN, delivering a return of +787% compared to the NOVN's +23% growth.

Valuation Growth Profitability Solvency Stocks Performance
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TERN
NOVN
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Stocks Compared:
TERN NOVN
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Valuation Comparison

TERN Intrinsic Value
0.05 USD
Overvaluation 100%
Intrinsic Value
Price
NOVN Intrinsic Value
107.28 CHF
Overvaluation 11%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Terns Pharmaceuticals Inc
NASDAQ:TERN
38.12 USD
Novartis AG
SIX:NOVN
120.76 CHF
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Valuation Scenario:
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Growth Comparison

Growth Over Time
TERN, NOVN

TERN
NOVN
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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
Terns Pharmaceuticals Inc
Revenue
Novartis AG
Revenue

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

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Profitability Comparison

Free Cash Flow
TERN, NOVN

TERN
NOVN
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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
Terns Pharmaceuticals Inc
NASDAQ:TERN
Novartis AG
SIX:NOVN
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What is Free Cash Flow?

Gross Margin

TERN
0%
NOVN
75.8%

Operating Margin

TERN
0%
NOVN
33.2%

Net Margin

TERN
0%
NOVN
24.8%

FCF Margin

TERN
0%
NOVN
27.1%

ROE

TERN
-29.1%
NOVN
31%

ROA

TERN
-27.8%
NOVN
13.1%

ROIC

TERN
-3 344.5%
NOVN
17.8%

ROCE

TERN
-33.2%
NOVN
23.8%

Solvency Comparison

Terns Pharmaceuticals Inc
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
Novartis AG
Equity Waterfall
Assets
Liabilities
Equity
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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TERN, NOVN

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1Y 3Y 5Y 10Y 15Y 20Y
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Performance Gap
TERN, NOVN

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TERN
NOVN
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
TERN, NOVN

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TERN
NOVN
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