` Comparison: WS, FMG - Alpha Spread

W
WS
vs
FMG

Over the past 12 months, WS has underperformed FMG, delivering a return of -10% compared to the FMG's +18% growth.

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WS
FMG
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Valuation Comparison

W
WS Intrinsic Value
41.69 USD
Undervaluation 15%
Intrinsic Value
Price
FMG Intrinsic Value
19.31 AUD
Overvaluation 13%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
W
Worthington Steel Inc
NYSE:WS
35.45 USD
Fortescue Metals Group Ltd
ASX:FMG
22.1 AUD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
WS, FMG

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
W
Worthington Steel Inc
Revenue
Fortescue Metals Group Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
WS, FMG

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
W
Worthington Steel Inc
NYSE:WS
Fortescue Metals Group Ltd
ASX:FMG
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What is Free Cash Flow?

Gross Margin

WS
12.9%
FMG
41.4%

Operating Margin

WS
5.3%
FMG
33.3%

Net Margin

WS
3.8%
FMG
21.7%

FCF Margin

WS
1%
FMG
19.6%

ROE

WS
11.2%
FMG
17.1%

ROA

WS
5.8%
FMG
11.1%

ROIC

WS
7.9%
FMG
14.5%

ROCE

WS
11.7%
FMG
18.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
WS, FMG

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Performance Gap
WS, FMG

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WS
FMG
Difference
www.alphaspread.com

Performance By Year
WS, FMG

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