` Comparison: 9421, SE - Alpha Spread

9421
vs
SE

Over the past 12 months, NJ Holdings Inc has underperformed SE, delivering a return of +23% compared to the SE's +24% growth.

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9421
SE
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Valuation Comparison

Intrinsic Value
574.54 JPY
Overvaluation 3%
Intrinsic Value
Price
SE Intrinsic Value
140.06 USD
Undervaluation 4%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
NJ Holdings Inc
TSE:9421
593 JPY
Sea Ltd
NYSE:SE
133.85 USD
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Valuation Scenario:
Bear Case
Base Case
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Growth Comparison

Growth Over Time
9421, SE

9421
SE
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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
NJ Holdings Inc
Revenue
Sea Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
9421, SE

9421
SE
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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
NJ Holdings Inc
TSE:9421
Sea Ltd
NYSE:SE
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What is Free Cash Flow?

Gross Margin

NJ Holdings Inc
20%
SE
44.9%
LTM 3Y Avg 5Y Avg 10Y Avg
NJ Holdings Inc
Sea Ltd

Operating Margin

NJ Holdings Inc
1.1%
SE
8.2%
LTM 3Y Avg 5Y Avg 10Y Avg
NJ Holdings Inc
Sea Ltd

Net Margin

NJ Holdings Inc
0.6%
SE
6.7%
LTM 3Y Avg 5Y Avg 10Y Avg
NJ Holdings Inc
Sea Ltd

FCF Margin

NJ Holdings Inc
-6.8%
SE
21.7%
LTM 3Y Avg 5Y Avg 10Y Avg
NJ Holdings Inc
Sea Ltd

ROE

NJ Holdings Inc
3.3%
SE
15.7%
LTM 3Y Avg 5Y Avg 10Y Avg
NJ Holdings Inc
Sea Ltd

ROA

NJ Holdings Inc
1.4%
SE
5.9%
LTM 3Y Avg 5Y Avg 10Y Avg
NJ Holdings Inc
Sea Ltd

ROIC

NJ Holdings Inc
3.4%
SE
8.5%
LTM 3Y Avg 5Y Avg 10Y Avg
NJ Holdings Inc
Sea Ltd

ROCE

NJ Holdings Inc
5%
SE
14.3%
LTM 3Y Avg 5Y Avg 10Y Avg
NJ Holdings Inc
Sea Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
9421, SE

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Performance Gap
9421, SE

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9421
SE
Difference
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Performance By Year
9421, SE

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9421
SE
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