` Comparison: REJA, IBM - Alpha Spread

REJA
vs
IBM

Over the past 12 months, REJA has underperformed IBM, delivering a return of -23% compared to the IBM's +34% growth.

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REJA
IBM
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Stocks Compared:
REJA IBM
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Valuation Comparison

REJA Intrinsic Value
148.32 EUR
Undervaluation 22%
Intrinsic Value
Price
IBM Intrinsic Value
210.1 USD
Overvaluation 30%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
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SWB:REJA
115.8 EUR
International Business Machines Corp
NYSE:IBM
298.06 USD
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Growth Comparison

Growth Over Time
REJA, IBM

REJA
IBM
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
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Revenue
International Business Machines Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
REJA, IBM

REJA
IBM
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
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SWB:REJA
International Business Machines Corp
NYSE:IBM
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What is Free Cash Flow?

Gross Margin

REJA
97.7%
IBM
57.8%

Operating Margin

REJA
17.2%
IBM
16.1%

Net Margin

REJA
9.9%
IBM
12.1%

FCF Margin

REJA
13.2%
IBM
18.3%

ROE

REJA
18.5%
IBM
30.2%

ROA

REJA
9.8%
IBM
5.6%

ROIC

REJA
16.2%
IBM
6.9%

ROCE

REJA
26.2%
IBM
9.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
REJA, IBM

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REJA
IBM
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Performance Gap
REJA, IBM

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REJA
IBM
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
REJA, IBM

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IBM
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