` Comparison: SPALI vs VHM - Alpha Spread

S
SPALI
vs
V
VHM

Over the past 12 months, SPALI has underperformed VHM, delivering a return of +7% compared to the VHM's +185% growth.

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SPALI
VHM
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Stocks Compared:
SPALI VHM
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Valuation Comparison

SPALI Intrinsic Value
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VHM Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
S
Supalai PCL
SET:SPALI
17.9 THB
V
Vinhomes JSC
VN:VHM
111 100 VND
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Valuation Scenario:
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Growth Comparison

Growth Over Time
SPALI, VHM

SPALI
VHM
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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
S
Supalai PCL
Revenue
V
Vinhomes JSC
Revenue

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

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Profitability Comparison

Free Cash Flow
SPALI, VHM

SPALI
VHM
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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
S
Supalai PCL
SET:SPALI
V
Vinhomes JSC
VN:VHM
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What is Free Cash Flow?

Gross Margin

SPALI
35.6%
VHM
29.4%
LTM 3Y Avg 5Y Avg 10Y Avg
S
Supalai PCL
V
Vinhomes JSC

Operating Margin

SPALI
23%
VHM
21.1%
LTM 3Y Avg 5Y Avg 10Y Avg
S
Supalai PCL
V
Vinhomes JSC

Net Margin

SPALI
18.1%
VHM
31.8%
LTM 3Y Avg 5Y Avg 10Y Avg
S
Supalai PCL
V
Vinhomes JSC

FCF Margin

SPALI
2.1%
VHM
42.8%
LTM 3Y Avg 5Y Avg 10Y Avg
S
Supalai PCL
V
Vinhomes JSC

ROE

SPALI
8.9%
VHM
12.7%
LTM 3Y Avg 5Y Avg 10Y Avg
S
Supalai PCL
V
Vinhomes JSC

ROA

SPALI
4.8%
VHM
4.1%
LTM 3Y Avg 5Y Avg 10Y Avg
S
Supalai PCL
V
Vinhomes JSC

ROIC

SPALI
5.3%
VHM
2.6%
LTM 3Y Avg 5Y Avg 10Y Avg
S
Supalai PCL
V
Vinhomes JSC

ROCE

SPALI
9.3%
VHM
4.9%
LTM 3Y Avg 5Y Avg 10Y Avg
S
Supalai PCL
V
Vinhomes JSC

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SPALI, VHM

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SPALI
VHM
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Performance Gap
SPALI, VHM

Performance Gap Between SPALI and VHM
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Performance By Year
SPALI, VHM

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SPALI
VHM
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