` Comparison: HOLN vs HEI - Alpha Spread

HOLN
vs
HEI

Over the past 12 months, HOLN has significantly outperformed HEI, delivering a return of +35% compared to the HEI's +7% growth.

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HOLN
HEI
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Valuation Comparison

HOLN Intrinsic Value
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HEI Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Holcim AG
SIX:HOLN
66.74 CHF
HeidelbergCement AG
XETRA:HEI
178.75 EUR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
HOLN, HEI

HOLN
HEI
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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
Holcim AG
Revenue
HeidelbergCement AG
Revenue

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

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Profitability Comparison

Free Cash Flow
HOLN, HEI

HOLN
HEI
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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
Holcim AG
SIX:HOLN
HeidelbergCement AG
XETRA:HEI
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What is Free Cash Flow?

Gross Margin

HOLN
42.3%
HEI
50.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Holcim AG
HeidelbergCement AG

Operating Margin

HOLN
14.2%
HEI
31.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Holcim AG
HeidelbergCement AG

Net Margin

HOLN
83.8%
HEI
28%
LTM 3Y Avg 5Y Avg 10Y Avg
Holcim AG
HeidelbergCement AG

FCF Margin

HOLN
11%
HEI
6.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Holcim AG
HeidelbergCement AG

ROE

HOLN
61.8%
HEI
44%
LTM 3Y Avg 5Y Avg 10Y Avg
Holcim AG
HeidelbergCement AG

ROA

HOLN
30%
HEI
21.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Holcim AG
HeidelbergCement AG

ROIC

HOLN
3.2%
HEI
25.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Holcim AG
HeidelbergCement AG

ROCE

HOLN
6.3%
HEI
30.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Holcim AG
HeidelbergCement AG

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HOLN, HEI

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Performance Gap
HOLN, HEI

Performance Gap Between HOLN and HEI
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Performance By Year
HOLN, HEI

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HOLN
HEI
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Compare HOLN to other stocks
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VMC
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Cheaper
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett