` Comparison: NWARF vs UAL - Alpha Spread
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N
NWARF
vs
UAL

Over the past 12 months, NWARF has significantly outperformed UAL, delivering a return of +85% compared to the UAL's +10% growth.

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NWARF
UAL
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Stocks Compared:
NWARF UAL
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Valuation Comparison

N
NWARF Intrinsic Value
4.71 USD
Undervaluation 64%
Intrinsic Value
Price
UAL Intrinsic Value
131.718 USD
Undervaluation 12%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
N
Norwegian Air Shuttle ASA
OTC:NWARF
1.68 USD
United Airlines Holdings Inc
NASDAQ:UAL
116.215 USD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
NWARF, UAL

NWARF
UAL
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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
N
Norwegian Air Shuttle ASA
Revenue
United Airlines Holdings Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
NWARF, UAL

NWARF
UAL
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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
N
Norwegian Air Shuttle ASA
OTC:NWARF
United Airlines Holdings Inc
NASDAQ:UAL
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What is Free Cash Flow?

Gross Margin

NWARF
52.6%
UAL
63.6%

Operating Margin

NWARF
9.7%
UAL
8.4%

Net Margin

NWARF
6.7%
UAL
5.7%

FCF Margin

NWARF
8%
UAL
4.3%

ROE

NWARF
33.8%
UAL
24%

ROA

NWARF
6.3%
UAL
4.5%

ROIC

NWARF
10.6%
UAL
6.7%

ROCE

NWARF
14.4%
UAL
9.8%

Solvency Comparison

N
Norwegian Air Shuttle ASA
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
United Airlines Holdings Inc
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
NWARF, UAL

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NWARF
UAL
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Performance Gap
NWARF, UAL

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NWARF
UAL
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
NWARF, UAL

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UAL
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