` Comparison: SHX vs NTPC - Alpha Spread

SHX
vs
NTPC

Over the past 12 months, SHX has underperformed NTPC, delivering a return of -7% compared to the NTPC's +8% growth.

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SHX
NTPC
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Valuation Comparison

SHX Intrinsic Value
1.039 EUR
Undervaluation 58%
Intrinsic Value
Price €0.432
NTPC Intrinsic Value
396.53 INR
Undervaluation 3%
Intrinsic Value
Price ₹386.25
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Huadian Power International Corp Ltd
SWB:SHX
0.432 EUR
NTPC Ltd
NSE:NTPC
386.25 INR
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Valuation Scenario:
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Base Case
Bull Case

Growth Comparison

Growth Over Time
SHX, NTPC

SHX
NTPC
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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
Huadian Power International Corp Ltd
Revenue
NTPC Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
SHX, NTPC

SHX
NTPC
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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
Huadian Power International Corp Ltd
SWB:SHX
NTPC Ltd
NSE:NTPC
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What is Free Cash Flow?

Gross Margin

SHX
11.2%
NTPC
45.8%

Operating Margin

SHX
8.6%
NTPC
19%

Net Margin

SHX
4.4%
NTPC
12.9%

FCF Margin

SHX
9.6%
NTPC
17.3%

ROE

SHX
8.1%
NTPC
13.4%

ROA

SHX
2.3%
NTPC
4.7%

ROIC

SHX
3.8%
NTPC
5%

ROCE

SHX
6.4%
NTPC
8.5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SHX, NTPC

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Performance Gap
SHX, NTPC

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SHX
NTPC
Difference
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Performance By Year
SHX, NTPC

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SHX
NTPC
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett