` Comparison: BTO, HAR - Alpha Spread

BTO
vs
H
HAR

Over the past 12 months, BTO has underperformed HAR, delivering a return of +40% compared to the HAR's +52% growth.

Smart Verdict
AI-Powered

Not Sure Which Stock Wins?
Let AI Decide.
BTO
HAR
One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
Start AI Comparison
Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
We need a little more time to summarize the results

Valuation Comparison

BTO Intrinsic Value
7.99 CAD
Undervaluation 32%
Intrinsic Value
Price
H
HAR Intrinsic Value
Not Available
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
B2Gold Corp
TSX:BTO
5.42 CAD
H
Harmony Gold Mining Company Ltd
JSE:HAR
28 343 Zac
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
BTO, HAR

BTO
HAR
Add Stock
Revenue
www.alphaspread.com
Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
B2Gold Corp
Revenue
H
Harmony Gold Mining Company Ltd
Revenue

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

Profitability Comparison

Free Cash Flow
BTO, HAR

BTO
HAR
Add Stock
Free Cash Flow
www.alphaspread.com
Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
B2Gold Corp
TSX:BTO
H
Harmony Gold Mining Company Ltd
JSE:HAR
What is Free Cash Flow?

Gross Margin

BTO
41.3%
HAR
30.6%

Operating Margin

BTO
35.5%
HAR
25.7%

Net Margin

BTO
-20%
HAR
15.7%

FCF Margin

BTO
-16.2%
HAR
14.2%

ROE

BTO
-12.3%
HAR
24.6%

ROA

BTO
-8.3%
HAR
16.4%

ROIC

BTO
155.3%
HAR
24%

ROCE

BTO
16.8%
HAR
30.5%

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
BTO, HAR

Loading

Performance Gap
BTO, HAR

Loading
BTO
HAR
Difference
www.alphaspread.com

Performance By Year
BTO, HAR

Loading
BTO
HAR
Add Stock
Not Sure Which Stock Wins?
Let AI Decide
One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
Start AI Comparison
Compare BTO to other stocks
Unlock Full Access to Alpha Spread
Create Free Account