` Comparison: ASA, NESN - Alpha Spread

ASA
vs
NESN

Over the past 12 months, ASA has underperformed NESN, delivering a return of -56% compared to the NESN's +4% growth.

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ASA
NESN
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Valuation Comparison

ASA Intrinsic Value
59.53 NOK
Undervaluation 87%
Intrinsic Value
Price
NESN Intrinsic Value
125.8 CHF
Undervaluation 38%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Atlantic Sapphire ASA
OSE:ASA
7.6 NOK
Nestle SA
SIX:NESN
78.24 CHF
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
ASA, NESN

ASA
NESN
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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
Atlantic Sapphire ASA
Revenue
Nestle SA
Revenue

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

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Profitability Comparison

Free Cash Flow
ASA, NESN

ASA
NESN
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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
Atlantic Sapphire ASA
OSE:ASA
Nestle SA
SIX:NESN
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What is Free Cash Flow?

Gross Margin

ASA
-141.4%
NESN
46.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Atlantic Sapphire ASA
Nestle SA

Operating Margin

ASA
-234.8%
NESN
16.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Atlantic Sapphire ASA
Nestle SA

Net Margin

ASA
-456.3%
NESN
11.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Atlantic Sapphire ASA
Nestle SA

FCF Margin

ASA
-243%
NESN
9.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Atlantic Sapphire ASA
Nestle SA

ROE

ASA
-70.5%
NESN
33.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Atlantic Sapphire ASA
Nestle SA

ROA

ASA
-52.6%
NESN
7.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Atlantic Sapphire ASA
Nestle SA

ROIC

ASA
-28.9%
NESN
10.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Atlantic Sapphire ASA
Nestle SA

ROCE

ASA
-29.2%
NESN
16.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Atlantic Sapphire ASA
Nestle SA

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ASA, NESN

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Performance Gap
ASA, NESN

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ASA
NESN
Difference
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Performance By Year
ASA, NESN

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ASA
NESN
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