` Comparison: VHP, VTR - Alpha Spread

V
VHP
vs
VTR

Over the past 12 months, VHP has underperformed VTR, delivering a return of +12% compared to the VTR's +36% growth.

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VHP
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Valuation Comparison

V
VHP Intrinsic Value
2.51 NZD
Undervaluation 19%
Intrinsic Value
Price
VTR Intrinsic Value
56.79 USD
Overvaluation 27%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
V
Vital Healthcare Property Trust
NZX:VHP
2.03 NZD
Ventas Inc
NYSE:VTR
77.33 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
VHP, VTR

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VTR
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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
V
Vital Healthcare Property Trust
Revenue
Ventas Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
VHP, VTR

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VTR
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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
V
Vital Healthcare Property Trust
NZX:VHP
Ventas Inc
NYSE:VTR
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What is Free Cash Flow?

Gross Margin

VHP
74.1%
VTR
42%

Operating Margin

VHP
69.2%
VTR
16.6%

Net Margin

VHP
-28.9%
VTR
4.3%

FCF Margin

VHP
37.8%
VTR
17.4%

ROE

VHP
-2.9%
VTR
2.1%

ROA

VHP
-1.6%
VTR
0.9%

ROIC

VHP
4.1%
VTR
5%

ROCE

VHP
3.8%
VTR
3.8%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
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Performance Gap
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VHP
VTR
Difference
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Performance By Year
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VHP
VTR
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