` Comparison: NOVN, BMY - Alpha Spread

NOVN
vs
BMY

Over the past 12 months, NOVN has significantly outperformed BMY, delivering a return of +20% compared to the BMY's 9% drop.

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NOVN
BMY
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Valuation Comparison

NOVN Intrinsic Value
113.02 CHF
Undervaluation 7%
Intrinsic Value
Price
BMY Intrinsic Value
72.785 USD
Undervaluation 30%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Novartis AG
SIX:NOVN
105.14 CHF
Bristol-Myers Squibb Co
NYSE:BMY
51.135 USD
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Valuation Scenario:
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Base Case
Bull Case

Growth Comparison

Growth Over Time
NOVN, BMY

NOVN
BMY
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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
Novartis AG
Revenue
Bristol-Myers Squibb Co
Revenue

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

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Profitability Comparison

Free Cash Flow
NOVN, BMY

NOVN
BMY
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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
Novartis AG
SIX:NOVN
Bristol-Myers Squibb Co
NYSE:BMY
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What is Free Cash Flow?

Gross Margin

NOVN
76.1%
BMY
73.2%

Operating Margin

NOVN
33.1%
BMY
33.5%

Net Margin

NOVN
25.7%
BMY
12.6%

FCF Margin

NOVN
30.5%
BMY
31.9%

ROE

NOVN
32.8%
BMY
33.8%

ROA

NOVN
13.7%
BMY
6.3%

ROIC

NOVN
18.2%
BMY
15.3%

ROCE

NOVN
24.6%
BMY
23%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
NOVN, BMY

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Performance Gap
NOVN, BMY

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NOVN
BMY
Difference
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Performance By Year
NOVN, BMY

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NOVN
BMY
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