` Comparison: BAC, GS - Alpha Spread

BAC
vs
GS

Over the past 12 months, BAC has underperformed GS, delivering a return of 0% compared to the GS's +68% growth.

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BAC
GS
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Valuation Comparison

BAC Intrinsic Value
34.47 CHF
Undervaluation 18%
Intrinsic Value
Price
GS Intrinsic Value
1 477.3 USD
Undervaluation 36%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Bank of America Corp
SIX:BAC
28.22 CHF
Goldman Sachs Group Inc
NYSE:GS
942.9 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
BAC, GS

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
Bank of America Corp
Revenue
Goldman Sachs Group Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
BAC, GS

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
Bank of America Corp
SIX:BAC
FCF is not applicable for financial companies
Goldman Sachs Group Inc
NYSE:GS
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What is Free Cash Flow?

Gross Margin

BAC
GS
40.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Bank of America Corp
Not applicable for financial companies
Goldman Sachs Group Inc

Operating Margin

BAC
GS
16.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Bank of America Corp
Not applicable for financial companies
Goldman Sachs Group Inc

Net Margin

BAC
26.3%
GS
12.5%

FCF Margin

BAC
GS
12.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Bank of America Corp
Not applicable for financial companies
Goldman Sachs Group Inc

ROE

BAC
9.4%
GS
12.9%

ROA

BAC
0.8%
GS
0.9%

ROIC

BAC
GS
1.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Bank of America Corp
Not applicable for financial companies
Goldman Sachs Group Inc

ROCE

BAC
GS
3.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Bank of America Corp
Not applicable for financial companies
Goldman Sachs Group Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
BAC, GS

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Performance Gap
BAC, GS

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BAC
GS
Difference
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Performance By Year
BAC, GS

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