` Comparison: 3984, NET - Alpha Spread

3984
vs
NET

Over the past 12 months, User Local Inc has underperformed NET, delivering a return of -2% compared to the NET's +81% growth.

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Valuation Comparison

Intrinsic Value
1 885.92 JPY
Overvaluation 4%
Intrinsic Value
Price
NET Intrinsic Value
27.48 USD
Overvaluation 87%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
User Local Inc
TSE:3984
1 972 JPY
Cloudflare Inc
NYSE:NET
205.86 USD
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Growth Comparison

Growth Over Time
3984, NET

3984
NET
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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
User Local Inc
Revenue
Cloudflare Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
3984, NET

3984
NET
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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
User Local Inc
TSE:3984
Cloudflare Inc
NYSE:NET
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What is Free Cash Flow?

Gross Margin

User Local Inc
90%
NET
75.2%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Cloudflare Inc

Operating Margin

User Local Inc
43.6%
NET
-9.4%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Cloudflare Inc

Net Margin

User Local Inc
31.6%
NET
-5.1%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Cloudflare Inc

FCF Margin

User Local Inc
32.3%
NET
10.3%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Cloudflare Inc

ROE

User Local Inc
18.1%
NET
-8.9%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Cloudflare Inc

ROA

User Local Inc
16.2%
NET
-2.3%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Cloudflare Inc

ROIC

User Local Inc
127.7%
NET
-14.8%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Cloudflare Inc

ROCE

User Local Inc
24.9%
NET
-6.3%
LTM 3Y Avg 5Y Avg 10Y Avg
User Local Inc
Cloudflare Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
3984, NET

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3984
NET
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1Y 3Y 5Y 10Y 15Y 20Y
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Performance Gap
3984, NET

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3984
NET
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
3984, NET

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NET
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