` UNITED (United Bankers Oyj) vs INL (Investec Ltd) Comparison - Alpha Spread

U
UNITED
vs
I
INL

Over the past 12 months, UNITED has underperformed INL, delivering a return of +16% compared to the INL's +23% growth.

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UNITED
INL
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Valuation Comparison

U
UNITED Intrinsic Value
25.59 EUR
Undervaluation 26%
Intrinsic Value
Price €19
I
INL Intrinsic Value
13 297.94 Zac
Overvaluation 4%
Intrinsic Value
Price Zac13 873
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
U
United Bankers Oyj
OMXH:UNITED
19 EUR
I
Investec Ltd
JSE:INL
13 873 Zac
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Valuation Scenario:
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Growth Comparison

Growth Over Time
UNITED, INL

UNITED
INL
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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
U
United Bankers Oyj
Revenue
I
Investec Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
UNITED, INL

UNITED
INL
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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
U
United Bankers Oyj
OMXH:UNITED
I
Investec Ltd
JSE:INL
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

UNITED
91.1%
INL
LTM 3Y Avg 5Y Avg 10Y Avg
U
United Bankers Oyj
I
Investec Ltd
Not applicable for financial companies

Operating Margin

UNITED
30.1%
INL
LTM 3Y Avg 5Y Avg 10Y Avg
U
United Bankers Oyj
I
Investec Ltd
Not applicable for financial companies

Net Margin

UNITED
22.6%
INL
28.4%
LTM 3Y Avg 5Y Avg 10Y Avg
U
United Bankers Oyj
I
Investec Ltd

FCF Margin

UNITED
11.1%
INL
LTM 3Y Avg 5Y Avg 10Y Avg
U
United Bankers Oyj
I
Investec Ltd
Not applicable for financial companies

ROE

UNITED
21.1%
INL
11%
LTM 3Y Avg 5Y Avg 10Y Avg
U
United Bankers Oyj
I
Investec Ltd

ROA

UNITED
13.8%
INL
1.1%
LTM 3Y Avg 5Y Avg 10Y Avg
U
United Bankers Oyj
I
Investec Ltd

ROIC

UNITED
14.5%
INL
LTM 3Y Avg 5Y Avg 10Y Avg
U
United Bankers Oyj
I
Investec Ltd
Not applicable for financial companies

ROCE

UNITED
20.9%
INL
LTM 3Y Avg 5Y Avg 10Y Avg
U
United Bankers Oyj
I
Investec Ltd
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
UNITED, INL

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Performance Gap
UNITED, INL

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UNITED
INL
Difference
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Performance By Year
UNITED, INL

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UNITED
INL
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Compare UNITED to other stocks
UBSG
UBS Group AG
More expensive
vs UNITED
BPAC5
Banco BTG Pactual SA
More expensive
vs UNITED
MQG
Macquarie Group Ltd
More expensive
vs UNITED
DBK
Deutsche Bank AG
Cheaper
vs UNITED
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett