` Comparison: EPEN, 6861 - Alpha Spread

EPEN
vs
6861

Over the past 12 months, EPEN has significantly outperformed Keyence Corp, delivering a return of +21% compared to the Keyence Corp's 14% drop.

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EPEN
6861
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Valuation Comparison

EPEN Intrinsic Value
144.87 SEK
Undervaluation 23%
Intrinsic Value
Price
Intrinsic Value
43 854.49 JPY
Overvaluation 21%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Ependion AB
STO:EPEN
111 SEK
Keyence Corp
TSE:6861
55 700 JPY
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
EPEN, 6861

EPEN
6861
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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
Ependion AB
Revenue
Keyence Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
EPEN, 6861

EPEN
6861
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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
Ependion AB
STO:EPEN
Keyence Corp
TSE:6861
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What is Free Cash Flow?

Gross Margin

EPEN
52.8%
Keyence Corp
83.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Ependion AB
Keyence Corp

Operating Margin

EPEN
10.7%
Keyence Corp
51.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Ependion AB
Keyence Corp

Net Margin

EPEN
6.2%
Keyence Corp
37.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Ependion AB
Keyence Corp

FCF Margin

EPEN
9.3%
Keyence Corp
34.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Ependion AB
Keyence Corp

ROE

EPEN
9.7%
Keyence Corp
13.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Ependion AB
Keyence Corp

ROA

EPEN
4.8%
Keyence Corp
12.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Ependion AB
Keyence Corp

ROIC

EPEN
6.5%
Keyence Corp
19.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Ependion AB
Keyence Corp

ROCE

EPEN
10.6%
Keyence Corp
17.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Ependion AB
Keyence Corp

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
EPEN, 6861

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Performance Gap
EPEN, 6861

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EPEN
6861
Difference
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Performance By Year
EPEN, 6861

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EPEN
6861
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