` Comparison: CREDIT vs BAC - Alpha Spread

T
CREDIT
vs
BAC

Over the past 12 months, CREDIT has underperformed BAC, delivering a return of -15% compared to the BAC's +21% growth.

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CREDIT
BAC
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Valuation Comparison

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CREDIT Intrinsic Value
60.3 THB
Undervaluation 73%
Intrinsic Value
Price
BAC Intrinsic Value
64.98 USD
Undervaluation 13%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
T
Thai Credit Bank PCL
SET:CREDIT
16.1 THB
Bank of America Corp
NYSE:BAC
56.58 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
CREDIT, BAC

CREDIT
BAC
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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
T
Thai Credit Bank PCL
Revenue
Bank of America Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
CREDIT, BAC

CREDIT
BAC
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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
T
Thai Credit Bank PCL
SET:CREDIT
FCF is not applicable for financial companies
Bank of America Corp
NYSE:BAC
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

CREDIT
BAC
LTM 3Y Avg 5Y Avg 10Y Avg
T
Thai Credit Bank PCL
Not applicable for financial companies
Bank of America Corp
Not applicable for financial companies

Operating Margin

CREDIT
BAC
LTM 3Y Avg 5Y Avg 10Y Avg
T
Thai Credit Bank PCL
Not applicable for financial companies
Bank of America Corp
Not applicable for financial companies

Net Margin

CREDIT
25.9%
BAC
25.7%

FCF Margin

CREDIT
BAC
LTM 3Y Avg 5Y Avg 10Y Avg
T
Thai Credit Bank PCL
Not applicable for financial companies
Bank of America Corp
Not applicable for financial companies

ROE

CREDIT
16.3%
BAC
9.7%

ROA

CREDIT
2%
BAC
0.9%

ROIC

CREDIT
BAC
LTM 3Y Avg 5Y Avg 10Y Avg
T
Thai Credit Bank PCL
Not applicable for financial companies
Bank of America Corp
Not applicable for financial companies

ROCE

CREDIT
BAC
LTM 3Y Avg 5Y Avg 10Y Avg
T
Thai Credit Bank PCL
Not applicable for financial companies
Bank of America Corp
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
CREDIT, BAC

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Performance Gap
CREDIT, BAC

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CREDIT
BAC
Difference
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Performance By Year
CREDIT, BAC

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CREDIT
BAC
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