` Comparison: TX, KIO - Alpha Spread

TX
vs
K
KIO

Over the past 12 months, TX has significantly outperformed KIO, delivering a return of +20% compared to the KIO's 3% drop.

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TX
KIO
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Valuation Comparison

TX Intrinsic Value
53.41 USD
Undervaluation 29%
Intrinsic Value
Price
K
KIO Intrinsic Value
Not Available
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Ternium SA
NYSE:TX
38.12 USD
K
Kumba Iron Ore Ltd
JSE:KIO
33 652 Zac
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
TX, KIO

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
Ternium SA
Revenue
K
Kumba Iron Ore Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
TX, KIO

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
Ternium SA
NYSE:TX
K
Kumba Iron Ore Ltd
JSE:KIO
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What is Free Cash Flow?

Gross Margin

TX
14%
KIO
82.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Ternium SA
K
Kumba Iron Ore Ltd

Operating Margin

TX
3.8%
KIO
33%
LTM 3Y Avg 5Y Avg 10Y Avg
Ternium SA
K
Kumba Iron Ore Ltd

Net Margin

TX
3.7%
KIO
21.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Ternium SA
K
Kumba Iron Ore Ltd

FCF Margin

TX
-2.2%
KIO
26.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Ternium SA
K
Kumba Iron Ore Ltd

ROE

TX
4.9%
KIO
28.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Ternium SA
K
Kumba Iron Ore Ltd

ROA

TX
2.5%
KIO
15.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Ternium SA
K
Kumba Iron Ore Ltd

ROIC

TX
1.7%
KIO
22.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Ternium SA
K
Kumba Iron Ore Ltd

ROCE

TX
3%
KIO
26%
LTM 3Y Avg 5Y Avg 10Y Avg
Ternium SA
K
Kumba Iron Ore Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TX, KIO

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Performance Gap
TX, KIO

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TX
KIO
Difference
www.alphaspread.com

Performance By Year
TX, KIO

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