` Comparison: VMX vs MSFT - Alpha Spread

VMX
vs
MSFT

Over the past 12 months, VMX has underperformed MSFT, delivering a return of -46% compared to the MSFT's 0% drop.

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VMX
MSFT
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Valuation Comparison

VMX Intrinsic Value
0.43 EUR
Undervaluation 65%
Intrinsic Value
Price €0.152
MSFT Intrinsic Value
393.04 USD
Undervaluation 5%
Intrinsic Value
Price $371.48
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Verimatrix SA
PAR:VMX
0.152 EUR
Microsoft Corp
NASDAQ:MSFT
371.48 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
VMX, MSFT

VMX
MSFT
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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
Verimatrix SA
Revenue
Microsoft Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
VMX, MSFT

VMX
MSFT
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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
Verimatrix SA
PAR:VMX
Microsoft Corp
NASDAQ:MSFT
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What is Free Cash Flow?

Gross Margin

VMX
66.6%
MSFT
68.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Verimatrix SA
Microsoft Corp

Operating Margin

VMX
-7.7%
MSFT
46.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Verimatrix SA
Microsoft Corp

Net Margin

VMX
-134.1%
MSFT
39%
LTM 3Y Avg 5Y Avg 10Y Avg
Verimatrix SA
Microsoft Corp

FCF Margin

VMX
1.7%
MSFT
25.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Verimatrix SA
Microsoft Corp

ROE

VMX
-86.1%
MSFT
34.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Verimatrix SA
Microsoft Corp

ROA

VMX
-48.8%
MSFT
19.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Verimatrix SA
Microsoft Corp

ROIC

VMX
-3.2%
MSFT
23.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Verimatrix SA
Microsoft Corp

ROCE

VMX
-3.8%
MSFT
29.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Verimatrix SA
Microsoft Corp

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
VMX, MSFT

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Performance Gap
VMX, MSFT

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VMX
MSFT
Difference
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Performance By Year
VMX, MSFT

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VMX
MSFT
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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