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

Over the past 12 months, INDOCO has underperformed NOVN, delivering a return of -19% compared to the NOVN's +30% growth.

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INDOCO
NOVN
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Stocks Compared:
INDOCO NOVN
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Valuation Comparison

INDOCO Intrinsic Value
279.63 INR
Undervaluation 28%
Intrinsic Value
Price
NOVN Intrinsic Value
107.28 CHF
Overvaluation 14%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Indoco Remedies Ltd
NSE:INDOCO
202.61 INR
Novartis AG
SIX:NOVN
124.58 CHF
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Valuation Scenario:
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Growth Comparison

Growth Over Time
INDOCO, NOVN

INDOCO
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
Indoco Remedies Ltd
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
INDOCO, NOVN

INDOCO
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
Indoco Remedies Ltd
NSE:INDOCO
Novartis AG
SIX:NOVN
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What is Free Cash Flow?

Gross Margin

INDOCO
71%
NOVN
75.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Indoco Remedies Ltd
Novartis AG

Operating Margin

INDOCO
-2.8%
NOVN
33.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Indoco Remedies Ltd
Novartis AG

Net Margin

INDOCO
-6.4%
NOVN
24.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Indoco Remedies Ltd
Novartis AG

FCF Margin

INDOCO
-5.6%
NOVN
27.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Indoco Remedies Ltd
Novartis AG

ROE

INDOCO
-10.7%
NOVN
31%
LTM 3Y Avg 5Y Avg 10Y Avg
Indoco Remedies Ltd
Novartis AG

ROA

INDOCO
-4.5%
NOVN
13.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Indoco Remedies Ltd
Novartis AG

ROIC

INDOCO
-2%
NOVN
17.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Indoco Remedies Ltd
Novartis AG

ROCE

INDOCO
-3.1%
NOVN
23.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Indoco Remedies Ltd
Novartis AG

Solvency Comparison

Indoco Remedies Ltd
Equity Waterfall
Assets
Liabilities
Equity
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Novartis AG
Equity Waterfall
Assets
Liabilities
Equity
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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
INDOCO, NOVN

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Performance Gap
INDOCO, NOVN

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

Performance By Year
INDOCO, NOVN

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INDOCO
NOVN
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