` Comparison: AEBZY vs HEIO - Alpha Spread

AEBZY
vs
HEIO

Over the past 12 months, AEBZY has underperformed HEIO, delivering a return of -6% compared to the HEIO's +3% growth.

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AEBZY
HEIO
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Valuation Comparison

AEBZY Intrinsic Value
0.63 USD
Undervaluation 35%
Intrinsic Value
Price
HEIO Intrinsic Value
141.97 EUR
Undervaluation 50%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Anadolu Efes Biracilik ve Malt Sanayii AS
OTC:AEBZY
0.41 USD
Heineken Holding NV
AEX:HEIO
71.55 EUR
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Valuation Scenario:
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Growth Comparison

Growth Over Time
AEBZY, HEIO

AEBZY
HEIO
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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
Anadolu Efes Biracilik ve Malt Sanayii AS
Revenue
Heineken Holding NV
Revenue

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

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Profitability Comparison

Free Cash Flow
AEBZY, HEIO

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HEIO
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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
Anadolu Efes Biracilik ve Malt Sanayii AS
OTC:AEBZY
Heineken Holding NV
AEX:HEIO
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What is Free Cash Flow?

Gross Margin

AEBZY
37.7%
HEIO
64.4%

Operating Margin

AEBZY
11.1%
HEIO
11.6%

Net Margin

AEBZY
4.6%
HEIO
3.3%

FCF Margin

AEBZY
5.7%
HEIO
9.1%

ROE

AEBZY
11.3%
HEIO
10.5%

ROA

AEBZY
2.8%
HEIO
1.8%

ROIC

AEBZY
6.8%
HEIO
5.9%

ROCE

AEBZY
9.4%
HEIO
8.5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
AEBZY, HEIO

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Performance Gap
AEBZY, HEIO

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AEBZY
HEIO
Difference
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Performance By Year
AEBZY, HEIO

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AEBZY
HEIO
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