` Comparison: SPI, 3990 - Alpha Spread

S
SPI
vs
3990

Over the past 12 months, SPI has significantly outperformed Midea Real Estate Holding Ltd, delivering a return of +9% compared to the Midea Real Estate Holding Ltd's 33% drop.

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SPI
3990
One-click summary across all key metrics.
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One-click summary across all key metrics.
Ranked results with clear takeaways.
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Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
We need a little more time to summarize the results

Valuation Comparison

S
SPI Intrinsic Value
72.74 THB
Undervaluation 37%
Intrinsic Value
Price
Intrinsic Value
10.78 HKD
Undervaluation 57%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
S
Saha Pathana Inter-Holding PCL
SET:SPI
46 THB
Midea Real Estate Holding Ltd
HKEX:3990
4.64 HKD
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
SPI, 3990

SPI
3990
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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
Saha Pathana Inter-Holding PCL
Revenue
Midea Real Estate Holding Ltd
Revenue

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

Profitability Comparison

Free Cash Flow
SPI, 3990

SPI
3990
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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
Saha Pathana Inter-Holding PCL
SET:SPI
Midea Real Estate Holding Ltd
HKEX:3990
What is Free Cash Flow?

Gross Margin

SPI
99.1%
Midea Real Estate Holding Ltd
9.6%

Operating Margin

SPI
98.8%
Midea Real Estate Holding Ltd
4.6%

Net Margin

SPI
-26.2%
Midea Real Estate Holding Ltd
0.8%

FCF Margin

SPI
96.8%
Midea Real Estate Holding Ltd
-3.1%

ROE

SPI
-4.3%
Midea Real Estate Holding Ltd
2%

ROA

SPI
-4.3%
Midea Real Estate Holding Ltd
0.3%

ROIC

SPI
16.3%
Midea Real Estate Holding Ltd
0.8%

ROCE

SPI
16.3%
Midea Real Estate Holding Ltd
3.7%

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
SPI, 3990

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Performance Gap
SPI, 3990

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SPI
3990
Difference
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Performance By Year
SPI, 3990

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SPI
3990
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