` THERMAX (Thermax Limited) vs 6312 (Freund Corp) Comparison - Alpha Spread
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THERMAX
vs
6312

Over the past 12 months, THERMAX has underperformed Freund Corp, delivering a return of +21% compared to the Freund Corp's +48% growth.

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THERMAX
6312
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Stocks Compared:
THERMAX 6312
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Valuation Comparison

THERMAX Intrinsic Value
2 226.71 INR
Overvaluation 46%
Intrinsic Value
Price ₹4 126.4
Intrinsic Value
1 068.87 JPY
Overvaluation 1%
Intrinsic Value
Price ¥1 078
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Thermax Limited
NSE:THERMAX
4 126.4 INR
Freund Corp
TSE:6312
1 078 JPY
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Valuation Scenario:
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Growth Comparison

Growth Over Time
THERMAX, 6312

THERMAX
6312
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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
Thermax Limited
Revenue
Freund Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
THERMAX, 6312

THERMAX
6312
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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
Thermax Limited
NSE:THERMAX
Freund Corp
TSE:6312
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What is Free Cash Flow?

Gross Margin

THERMAX
47%
Freund Corp
34.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Thermax Limited
Freund Corp

Operating Margin

THERMAX
7.3%
Freund Corp
10.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Thermax Limited
Freund Corp

Net Margin

THERMAX
6.6%
Freund Corp
7.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Thermax Limited
Freund Corp

FCF Margin

THERMAX
-1.6%
Freund Corp
6.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Thermax Limited
Freund Corp

ROE

THERMAX
14.1%
Freund Corp
12.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Thermax Limited
Freund Corp

ROA

THERMAX
5.9%
Freund Corp
7.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Thermax Limited
Freund Corp

ROIC

THERMAX
7.2%
Freund Corp
10.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Thermax Limited
Freund Corp

ROCE

THERMAX
11.7%
Freund Corp
17.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Thermax Limited
Freund Corp

Solvency Comparison

Thermax Limited
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
Freund Corp
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
THERMAX, 6312

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THERMAX
6312
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1Y 3Y 5Y 10Y 15Y 20Y
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Performance Gap
THERMAX, 6312

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THERMAX
6312
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
THERMAX, 6312

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THERMAX
6312
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