` Comparison: BHR vs 8963 - Alpha Spread

BHR
vs
I
8963

Over the past 12 months, BHR has underperformed Invincible Investment Corp, delivering a return of -15% compared to the Invincible Investment Corp's 8% drop.

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BHR
8963
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Valuation Comparison

BHR Intrinsic Value
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Invincible Investment Corp Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Braemar Hotels & Resorts Inc
NYSE:BHR
2.245 USD
I
Invincible Investment Corp
TSE:8963
59 600 JPY
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
BHR, 8963

BHR
8963
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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
Braemar Hotels & Resorts Inc
Revenue
I
Invincible Investment Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
BHR, 8963

BHR
8963
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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
Braemar Hotels & Resorts Inc
NYSE:BHR
I
Invincible Investment Corp
TSE:8963
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What is Free Cash Flow?

Gross Margin

BHR
69.4%
Invincible Investment Corp
89.9%

Operating Margin

BHR
6.3%
Invincible Investment Corp
67.5%

Net Margin

BHR
-10.3%
Invincible Investment Corp
57.8%

FCF Margin

BHR
-6.1%
Invincible Investment Corp
-1.1%

ROE

BHR
-12.1%
Invincible Investment Corp
8.8%

ROA

BHR
-3.6%
Invincible Investment Corp
4.5%

ROIC

BHR
2.7%
Invincible Investment Corp
5.5%

ROCE

BHR
2.4%
Invincible Investment Corp
5.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
BHR, 8963

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Performance Gap
BHR, 8963

Performance Gap Between BHR and 8963
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Performance By Year
BHR, 8963

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BHR
8963
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett