` Comparison: NVS vs AMGN - Alpha Spread
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NVS
vs
AMGN

Over the past 12 months, NVS has significantly outperformed AMGN, delivering a return of +53% compared to the AMGN's +24% growth.

Valuation Growth Profitability Solvency Stocks Performance
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NVS
AMGN
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Stocks Compared:
NVS AMGN
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Valuation Comparison

NVS Intrinsic Value
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AMGN Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Novartis AG
NYSE:NVS
169.22 USD
Amgen Inc
NASDAQ:AMGN
386.72 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
NVS, AMGN

NVS
AMGN
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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
Novartis AG
Revenue
Amgen Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
NVS, AMGN

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AMGN
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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
Novartis AG
NYSE:NVS
Amgen Inc
NASDAQ:AMGN
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What is Free Cash Flow?

Gross Margin

NVS
75.8%
AMGN
82.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Novartis AG
Amgen Inc

Operating Margin

NVS
33.2%
AMGN
44.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Novartis AG
Amgen Inc

Net Margin

NVS
24.8%
AMGN
21%
LTM 3Y Avg 5Y Avg 10Y Avg
Novartis AG
Amgen Inc

FCF Margin

NVS
27.1%
AMGN
22%
LTM 3Y Avg 5Y Avg 10Y Avg
Novartis AG
Amgen Inc

ROE

NVS
31%
AMGN
106.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Novartis AG
Amgen Inc

ROA

NVS
13.1%
AMGN
8.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Novartis AG
Amgen Inc

ROIC

NVS
17.8%
AMGN
20.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Novartis AG
Amgen Inc

ROCE

NVS
23.8%
AMGN
24.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Novartis AG
Amgen Inc

Solvency Comparison

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

Stocks Performance
NVS, AMGN

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AMGN
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Performance Gap
NVS, AMGN

Performance Gap Between NVS and AMGN
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Performance By Year
NVS, AMGN

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Compare NVS to other stocks
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Cheaper
vs NVS
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Cheaper
vs NVS
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