` Comparison: ZEHN, CARR - Alpha Spread

ZEHN
vs
CARR

Over the past 12 months, ZEHN has significantly outperformed CARR, delivering a return of +81% compared to the CARR's 22% drop.

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ZEHN
CARR
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Valuation Comparison

ZEHN Intrinsic Value
66.11 CHF
Overvaluation 17%
Intrinsic Value
Price
CARR Intrinsic Value
64.01 USD
Undervaluation 16%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Zehnder Group AG
SIX:ZEHN
79.9 CHF
Carrier Global Corp
NYSE:CARR
53.77 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
ZEHN, CARR

ZEHN
CARR
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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
Zehnder Group AG
Revenue
Carrier Global Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
ZEHN, CARR

ZEHN
CARR
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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
Zehnder Group AG
SIX:ZEHN
Carrier Global Corp
NYSE:CARR
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What is Free Cash Flow?

Gross Margin

ZEHN
65%
CARR
27.4%

Operating Margin

ZEHN
4.6%
CARR
11%

Net Margin

ZEHN
2.4%
CARR
18.1%

FCF Margin

ZEHN
7.1%
CARR
6.4%

ROE

ZEHN
6.5%
CARR
27.3%

ROA

ZEHN
3.8%
CARR
10.2%

ROIC

ZEHN
4.1%
CARR
4.2%

ROCE

ZEHN
10.1%
CARR
8.1%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ZEHN, CARR

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Performance Gap
ZEHN, CARR

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ZEHN
CARR
Difference
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Performance By Year
ZEHN, CARR

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CARR
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