` Comparison: AMBEA vs NTC - Alpha Spread

AMBEA
vs
N
NTC

Over the past 12 months, AMBEA has underperformed NTC, delivering a return of +22% compared to the NTC's +30% growth.

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AMBEA
NTC
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Valuation Comparison

AMBEA Intrinsic Value
230.1 SEK
Undervaluation 40%
Intrinsic Value
Price kr137
N
NTC Intrinsic Value
2 172.86 Zac
Undervaluation 21%
Intrinsic Value
Price Zac1 722
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Ambea AB (publ)
STO:AMBEA
137 SEK
N
Netcare Ltd
JSE:NTC
1 722 Zac
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Valuation Scenario:
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Growth Comparison

Growth Over Time
AMBEA, NTC

AMBEA
NTC
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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
Ambea AB (publ)
Revenue
N
Netcare Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
AMBEA, NTC

AMBEA
NTC
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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
Ambea AB (publ)
STO:AMBEA
N
Netcare Ltd
JSE:NTC
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What is Free Cash Flow?

Gross Margin

AMBEA
96.5%
NTC
49.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Ambea AB (publ)
N
Netcare Ltd

Operating Margin

AMBEA
8.5%
NTC
13.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Ambea AB (publ)
N
Netcare Ltd

Net Margin

AMBEA
4.1%
NTC
6.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Ambea AB (publ)
N
Netcare Ltd

FCF Margin

AMBEA
12.7%
NTC
3.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Ambea AB (publ)
N
Netcare Ltd

ROE

AMBEA
13.1%
NTC
15.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Ambea AB (publ)
N
Netcare Ltd

ROA

AMBEA
3.4%
NTC
5.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Ambea AB (publ)
N
Netcare Ltd

ROIC

AMBEA
5.6%
NTC
11.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Ambea AB (publ)
N
Netcare Ltd

ROCE

AMBEA
9.1%
NTC
15.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Ambea AB (publ)
N
Netcare Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
AMBEA, NTC

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Performance Gap
AMBEA, NTC

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AMBEA
NTC
Difference
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Performance By Year
AMBEA, NTC

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AMBEA
NTC
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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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