` Comparison: WS, VALE3 - Alpha Spread

W
WS
vs
VALE3

Over the past 12 months, WS has underperformed VALE3, delivering a return of -10% compared to the VALE3's +24% growth.

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WS
VALE3
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Valuation Comparison

W
WS Intrinsic Value
41.69 USD
Undervaluation 15%
Intrinsic Value
Price
VALE3 Intrinsic Value
77.4 BRL
Undervaluation 10%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
W
Worthington Steel Inc
NYSE:WS
35.45 USD
Vale SA
BOVESPA:VALE3
69.53 BRL
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
WS, VALE3

WS
VALE3
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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
W
Worthington Steel Inc
Revenue
Vale SA
Revenue

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

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Profitability Comparison

Free Cash Flow
WS, VALE3

WS
VALE3
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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
W
Worthington Steel Inc
NYSE:WS
Vale SA
BOVESPA:VALE3
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What is Free Cash Flow?

Gross Margin

WS
12.9%
VALE3
34.8%
LTM 3Y Avg 5Y Avg 10Y Avg
W
Worthington Steel Inc
Vale SA

Operating Margin

WS
5.3%
VALE3
27.7%
LTM 3Y Avg 5Y Avg 10Y Avg
W
Worthington Steel Inc
Vale SA

Net Margin

WS
3.8%
VALE3
14.2%
LTM 3Y Avg 5Y Avg 10Y Avg
W
Worthington Steel Inc
Vale SA

FCF Margin

WS
1%
VALE3
7.5%
LTM 3Y Avg 5Y Avg 10Y Avg
W
Worthington Steel Inc
Vale SA

ROE

WS
11.2%
VALE3
14.2%
LTM 3Y Avg 5Y Avg 10Y Avg
W
Worthington Steel Inc
Vale SA

ROA

WS
5.8%
VALE3
6.2%
LTM 3Y Avg 5Y Avg 10Y Avg
W
Worthington Steel Inc
Vale SA

ROIC

WS
7.9%
VALE3
12.5%
LTM 3Y Avg 5Y Avg 10Y Avg
W
Worthington Steel Inc
Vale SA

ROCE

WS
11.7%
VALE3
14.5%
LTM 3Y Avg 5Y Avg 10Y Avg
W
Worthington Steel Inc
Vale SA

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
WS, VALE3

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Performance Gap
WS, VALE3

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WS
VALE3
Difference
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Performance By Year
WS, VALE3

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WS
VALE3
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