` Comparison: WF3 vs WOR - Alpha Spread

WF3
vs
WOR

Over the past 12 months, WF3 has significantly outperformed WOR, delivering a return of +10% compared to the WOR's 29% drop.

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WF3
WOR
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Valuation Comparison

WF3 Intrinsic Value
35.536 EUR
Overvaluation 22%
Intrinsic Value
Price
WOR Intrinsic Value
16.87 AUD
Undervaluation 37%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Wesfarmers Ltd
SWB:WF3
45.795 EUR
Worley Ltd
ASX:WOR
10.63 AUD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
WF3, WOR

WF3
WOR
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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
Wesfarmers Ltd
Revenue
Worley Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
WF3, WOR

WF3
WOR
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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
Wesfarmers Ltd
SWB:WF3
Worley Ltd
ASX:WOR
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What is Free Cash Flow?

Gross Margin

WF3
34.3%
WOR
7.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Wesfarmers Ltd
Worley Ltd

Operating Margin

WF3
9.1%
WOR
5.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Wesfarmers Ltd
Worley Ltd

Net Margin

WF3
6.6%
WOR
3.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Wesfarmers Ltd
Worley Ltd

FCF Margin

WF3
7.1%
WOR
4.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Wesfarmers Ltd
Worley Ltd

ROE

WF3
36.4%
WOR
6.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Wesfarmers Ltd
Worley Ltd

ROA

WF3
10.8%
WOR
3.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Wesfarmers Ltd
Worley Ltd

ROIC

WF3
14.1%
WOR
4.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Wesfarmers Ltd
Worley Ltd

ROCE

WF3
21.8%
WOR
7.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Wesfarmers Ltd
Worley Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
WF3, WOR

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Performance Gap
WF3, WOR

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WF3
WOR
Difference
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Performance By Year
WF3, WOR

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WF3
WOR
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Compare WF3 to other stocks
BHP
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vs WF3
WOW
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vs WF3
COL
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TGT
Target Corp
Cheaper
vs WF3
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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