` Comparison: 2502, HEIO - Alpha Spread

2502
vs
HEIO

Over the past 12 months, Asahi Group Holdings Ltd has underperformed HEIO, delivering a return of -2% compared to the HEIO's +6% growth.

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2502
HEIO
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Valuation Comparison

Asahi Group Holdings Ltd Intrinsic Value
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HEIO Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Asahi Group Holdings Ltd
TSE:2502
1 632.5 JPY
Heineken Holding NV
AEX:HEIO
61.25 EUR
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Valuation Scenario:
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Growth Comparison

Growth Over Time
2502, HEIO

2502
HEIO
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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
Asahi Group Holdings Ltd
Revenue
Heineken Holding NV
Revenue

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

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Profitability Comparison

Free Cash Flow
2502, HEIO

2502
HEIO
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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
Asahi Group Holdings Ltd
TSE:2502
Heineken Holding NV
AEX:HEIO
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What is Free Cash Flow?

Gross Margin

Asahi Group Holdings Ltd
37.4%
HEIO
35.1%

Operating Margin

Asahi Group Holdings Ltd
8.8%
HEIO
11.4%

Net Margin

Asahi Group Holdings Ltd
6%
HEIO
3.2%

FCF Margin

Asahi Group Holdings Ltd
5.5%
HEIO
9.2%

ROE

Asahi Group Holdings Ltd
6.3%
HEIO
10.3%

ROA

Asahi Group Holdings Ltd
3.1%
HEIO
1.8%

ROIC

Asahi Group Holdings Ltd
3.7%
HEIO
5.8%

ROCE

Asahi Group Holdings Ltd
6.2%
HEIO
8.8%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
2502, HEIO

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Performance Gap
2502, HEIO

Performance Gap Between 2502 and HEIO
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Performance By Year
2502, HEIO

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2502
HEIO
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