` Comparison: ALECP vs DIS - Alpha Spread

ALECP
vs
DIS

Over the past 12 months, ALECP has underperformed DIS, delivering a return of -19% compared to the DIS's 6% drop.

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ALECP
DIS
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Valuation Comparison

ALECP Intrinsic Value
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DIS Intrinsic Value
121.02 USD
Undervaluation 24%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Europacorp SA
PAR:ALECP
0.379 EUR
Walt Disney Co
NYSE:DIS
92.42 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
ALECP, DIS

ALECP
DIS
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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
Europacorp SA
Revenue
Walt Disney Co
Revenue

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

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Profitability Comparison

Free Cash Flow
ALECP, DIS

ALECP
DIS
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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
Europacorp SA
PAR:ALECP
Walt Disney Co
NYSE:DIS
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What is Free Cash Flow?

Gross Margin

ALECP
22.5%
DIS
37.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Europacorp SA
Walt Disney Co

Operating Margin

ALECP
-1.6%
DIS
14.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Europacorp SA
Walt Disney Co

Net Margin

ALECP
-5.7%
DIS
12.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Europacorp SA
Walt Disney Co

FCF Margin

ALECP
5.9%
DIS
7.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Europacorp SA
Walt Disney Co

ROE

ALECP
59.5%
DIS
11.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Europacorp SA
Walt Disney Co

ROA

ALECP
-2.1%
DIS
6.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Europacorp SA
Walt Disney Co

ROIC

ALECP
-1%
DIS
8.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Europacorp SA
Walt Disney Co

ROCE

ALECP
-1%
DIS
8.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Europacorp SA
Walt Disney Co

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ALECP, DIS

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Performance Gap
ALECP, DIS

Performance Gap Between ALECP and DIS
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Performance By Year
ALECP, DIS

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ALECP
DIS
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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