` Comparison: DETRF vs VALE3 - Alpha Spread

DETRF
vs
VALE3

Over the past 12 months, DETRF has underperformed VALE3, delivering a return of +13% compared to the VALE3's +56% growth.

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DETRF
VALE3
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Valuation Comparison

DETRF Intrinsic Value
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VALE3 Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Deterra Royalties Ltd
OTC:DETRF
3.158 USD
Vale SA
BOVESPA:VALE3
87.03 BRL
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Valuation Scenario:
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Growth Comparison

Growth Over Time
DETRF, VALE3

DETRF
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
Deterra Royalties Ltd
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
DETRF, VALE3

DETRF
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
Deterra Royalties Ltd
OTC:DETRF
Vale SA
BOVESPA:VALE3
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What is Free Cash Flow?

Gross Margin

DETRF
99.6%
VALE3
34.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Deterra Royalties Ltd
Vale SA

Operating Margin

DETRF
92.5%
VALE3
27.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Deterra Royalties Ltd
Vale SA

Net Margin

DETRF
59.1%
VALE3
14.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Deterra Royalties Ltd
Vale SA

FCF Margin

DETRF
52.8%
VALE3
7.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Deterra Royalties Ltd
Vale SA

ROE

DETRF
151.9%
VALE3
14.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Deterra Royalties Ltd
Vale SA

ROA

DETRF
51.6%
VALE3
6.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Deterra Royalties Ltd
Vale SA

ROIC

DETRF
62.2%
VALE3
12.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Deterra Royalties Ltd
Vale SA

ROCE

DETRF
82.2%
VALE3
14.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Deterra Royalties Ltd
Vale SA

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
DETRF, VALE3

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DETRF
VALE3
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Performance Gap
DETRF, VALE3

Performance Gap Between DETRF and VALE3
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Performance By Year
DETRF, VALE3

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DETRF
VALE3
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