` Comparison: F99, NESN - Alpha Spread

F99
vs
NESN

Over the past 12 months, F99 has outperformed NESN, delivering a return of +10% compared to the NESN's +5% growth.

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F99
NESN
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Valuation Comparison

F99 Intrinsic Value
2.27 SGD
Undervaluation 35%
Intrinsic Value
Price
NESN Intrinsic Value
126.01 CHF
Undervaluation 38%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Fraser and Neave Ltd
SGX:F99
1.48 SGD
Nestle SA
SIX:NESN
77.95 CHF
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
F99, NESN

F99
NESN
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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
Fraser and Neave Ltd
Revenue
Nestle SA
Revenue

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

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Profitability Comparison

Free Cash Flow
F99, NESN

F99
NESN
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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
Fraser and Neave Ltd
SGX:F99
Nestle SA
SIX:NESN
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What is Free Cash Flow?

Gross Margin

F99
31.3%
NESN
46.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Fraser and Neave Ltd
Nestle SA

Operating Margin

F99
9.8%
NESN
16.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Fraser and Neave Ltd
Nestle SA

Net Margin

F99
6.1%
NESN
11.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Fraser and Neave Ltd
Nestle SA

FCF Margin

F99
-0.7%
NESN
9.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Fraser and Neave Ltd
Nestle SA

ROE

F99
5%
NESN
33.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Fraser and Neave Ltd
Nestle SA

ROA

F99
2.8%
NESN
7.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Fraser and Neave Ltd
Nestle SA

ROIC

F99
4.1%
NESN
10.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Fraser and Neave Ltd
Nestle SA

ROCE

F99
5.3%
NESN
16.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Fraser and Neave Ltd
Nestle SA

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
F99, NESN

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Performance Gap
F99, NESN

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F99
NESN
Difference
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Performance By Year
F99, NESN

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F99
NESN
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