` Comparison: NU vs SBK - Alpha Spread

NU
vs
S
SBK

Over the past 12 months, NU has underperformed SBK, delivering a return of +41% compared to the SBK's +48% growth.

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NU
SBK
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Valuation Comparison

NU Intrinsic Value
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SBK Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Nu Holdings Ltd
NYSE:NU
15.18 USD
S
Standard Bank Group Ltd
JSE:SBK
32 194 Zac
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
NU, SBK

Revenue
www.alphaspread.com
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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
Nu Holdings Ltd
Revenue
S
Standard Bank Group Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
NU, SBK

Free Cash Flow
www.alphaspread.com
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Nu Holdings Ltd
NYSE:NU
S
Standard Bank Group Ltd
JSE:SBK
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

NU
42.9%
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
Nu Holdings Ltd
S
Standard Bank Group Ltd
Not applicable for financial companies

Operating Margin

NU
25.3%
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
Nu Holdings Ltd
S
Standard Bank Group Ltd
Not applicable for financial companies

Net Margin

NU
18%
SBK
17.6%

FCF Margin

NU
26%
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
Nu Holdings Ltd
S
Standard Bank Group Ltd
Not applicable for financial companies

ROE

NU
27.8%
SBK
16.8%

ROA

NU
4.3%
SBK
1.4%

ROIC

NU
6.1%
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
Nu Holdings Ltd
S
Standard Bank Group Ltd
Not applicable for financial companies

ROCE

NU
31.1%
SBK
LTM 3Y Avg 5Y Avg 10Y Avg
Nu Holdings Ltd
S
Standard Bank Group Ltd
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
NU, SBK

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Performance Gap
NU, SBK

Performance Gap Between NU and SBK
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Performance By Year
NU, SBK

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Compare NU to other stocks
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Capitec Bank Holdings Lt...
C
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vs NU
BAC
Bank of America Corp
Cheaper
vs NU
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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