` Comparison: 601108 vs MS - Alpha Spread

601108
vs
MS

Over the past 12 months, Caitong Securities Co Ltd has underperformed MS, delivering a return of -2% compared to the MS's +37% growth.

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601108
MS
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Valuation Comparison

Intrinsic Value
14.63 CNY
Undervaluation 48%
Intrinsic Value
Price ¥7.67
MS Intrinsic Value
230.75 USD
Undervaluation 31%
Intrinsic Value
Price $158.37
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Caitong Securities Co Ltd
SSE:601108
7.67 CNY
Morgan Stanley
NYSE:MS
158.37 USD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
601108, MS

601108
MS
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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
Caitong Securities Co Ltd
Revenue
Morgan Stanley
Revenue

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

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Profitability Comparison

Free Cash Flow
601108, MS

601108
MS
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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
Caitong Securities Co Ltd
SSE:601108
Morgan Stanley
NYSE:MS
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What is Free Cash Flow?

Gross Margin

Caitong Securities Co Ltd
0%
MS
55.1%

Operating Margin

Caitong Securities Co Ltd
50.3%
MS
18.3%

Net Margin

Caitong Securities Co Ltd
42.1%
MS
13.6%

FCF Margin

Caitong Securities Co Ltd
38.9%
MS
-17.4%

ROE

Caitong Securities Co Ltd
7.9%
MS
15%

ROA

Caitong Securities Co Ltd
2%
MS
1.2%

ROIC

Caitong Securities Co Ltd
2.5%
MS
1.7%

ROCE

Caitong Securities Co Ltd
3.3%
MS
3.6%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
601108, MS

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Performance Gap
601108, MS

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601108
MS
Difference
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Performance By Year
601108, MS

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601108
MS
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Compare 601108 to other stocks
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IBKR
Interactive Brokers Group Inc
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vs Caitong Securities Co Ltd
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

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