` Comparison: VNG vs CARR - Alpha Spread

V
VNG
vs
CARR

Over the past 12 months, VNG has underperformed CARR, delivering a return of -40% compared to the CARR's 3% drop.

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VNG
CARR
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Valuation Comparison

V
VNG Intrinsic Value
5.94 THB
Undervaluation 71%
Intrinsic Value
Price
CARR Intrinsic Value
57.492 USD
Overvaluation 9%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
V
Vanachai Group PCL
SET:VNG
1.73 THB
Carrier Global Corp
NYSE:CARR
63.265 USD
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
VNG, CARR

VNG
CARR
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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
V
Vanachai Group PCL
Revenue
Carrier Global Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
VNG, CARR

VNG
CARR
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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
V
Vanachai Group PCL
SET:VNG
Carrier Global Corp
NYSE:CARR
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What is Free Cash Flow?

Gross Margin

VNG
10.9%
CARR
27.4%

Operating Margin

VNG
-1.3%
CARR
11%

Net Margin

VNG
-3.6%
CARR
18.1%

FCF Margin

VNG
-6.1%
CARR
6.4%

ROE

VNG
-5.9%
CARR
27.3%

ROA

VNG
-2.4%
CARR
10.2%

ROIC

VNG
-1%
CARR
4.2%

ROCE

VNG
-1.3%
CARR
8.1%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
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Performance Gap
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VNG
CARR
Difference
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Performance By Year
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VNG
CARR
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