` Comparison: 3804 vs MSFT - Alpha Spread

S
3804
vs
MSFT

Over the past 12 months, System D Inc has outperformed MSFT, delivering a return of +4% compared to the MSFT's 2% drop.

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3804
MSFT
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Valuation Comparison

S
Intrinsic Value
1 748.63 JPY
Undervaluation 12%
Intrinsic Value
Price
MSFT Intrinsic Value
385.62 USD
Overvaluation 3%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
S
System D Inc
TSE:3804
1 538 JPY
Microsoft Corp
NASDAQ:MSFT
397.45 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
3804, MSFT

3804
MSFT
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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
S
System D Inc
Revenue
Microsoft Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
3804, MSFT

3804
MSFT
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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
S
System D Inc
TSE:3804
Microsoft Corp
NASDAQ:MSFT
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What is Free Cash Flow?

Gross Margin

System D Inc
43.3%
MSFT
68.6%
LTM 3Y Avg 5Y Avg 10Y Avg
S
System D Inc
Microsoft Corp

Operating Margin

System D Inc
18.6%
MSFT
46.7%
LTM 3Y Avg 5Y Avg 10Y Avg
S
System D Inc
Microsoft Corp

Net Margin

System D Inc
12.5%
MSFT
39%
LTM 3Y Avg 5Y Avg 10Y Avg
S
System D Inc
Microsoft Corp

FCF Margin

System D Inc
14.3%
MSFT
25.3%
LTM 3Y Avg 5Y Avg 10Y Avg
S
System D Inc
Microsoft Corp

ROE

System D Inc
13.2%
MSFT
34.4%
LTM 3Y Avg 5Y Avg 10Y Avg
S
System D Inc
Microsoft Corp

ROA

System D Inc
8.8%
MSFT
19.9%
LTM 3Y Avg 5Y Avg 10Y Avg
S
System D Inc
Microsoft Corp

ROIC

System D Inc
13.7%
MSFT
23.7%
LTM 3Y Avg 5Y Avg 10Y Avg
S
System D Inc
Microsoft Corp

ROCE

System D Inc
17.9%
MSFT
29.7%
LTM 3Y Avg 5Y Avg 10Y Avg
S
System D Inc
Microsoft Corp

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
3804, MSFT

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Performance Gap
3804, MSFT

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3804
MSFT
Difference
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Performance By Year
3804, MSFT

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3804
MSFT
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