` Comparison: VARN vs AZRG - Alpha Spread

VARN
vs
AZRG

Over the past 12 months, VARN has underperformed AZRG, delivering a return of -31% compared to the AZRG's +46% growth.

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VARN
AZRG
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Valuation Comparison

VARN Intrinsic Value
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AZRG Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Varia US Properties AG
SIX:VARN
20 CHF
Azrieli Group Ltd
TASE:AZRG
44 450 ILS
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Valuation Scenario:
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Growth Comparison

Growth Over Time
VARN, AZRG

VARN
AZRG
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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
Varia US Properties AG
Revenue
Azrieli Group Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
VARN, AZRG

VARN
AZRG
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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
Varia US Properties AG
SIX:VARN
Azrieli Group Ltd
TASE:AZRG
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What is Free Cash Flow?

Gross Margin

VARN
71.1%
AZRG
69.3%

Operating Margin

VARN
44.5%
AZRG
58.7%

Net Margin

VARN
-8.5%
AZRG
43.1%

FCF Margin

VARN
20.5%
AZRG
26%

ROE

VARN
-2.4%
AZRG
10.9%

ROA

VARN
-0.7%
AZRG
4.5%

ROIC

VARN
3.8%
AZRG
5.1%

ROCE

VARN
3.9%
AZRG
6.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
VARN, AZRG

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Performance Gap
VARN, AZRG

Performance Gap Between VARN and AZRG
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Performance By Year
VARN, AZRG

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VARN
AZRG
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