` Comparison: NEXA vs BHP - Alpha Spread

NEXA
vs
BHP

Over the past 12 months, NEXA has underperformed BHP, delivering a return of 0% compared to the BHP's +24% growth.

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NEXA
BHP
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Valuation Comparison

NEXA Intrinsic Value
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BHP Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Nexa Resources SA
TSX:NEXA
10.14 CAD
BHP Group Ltd
ASX:BHP
48.37 AUD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
NEXA, BHP

NEXA
BHP
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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
Nexa Resources SA
Revenue
BHP Group Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
NEXA, BHP

NEXA
BHP
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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
Nexa Resources SA
TSX:NEXA
BHP Group Ltd
ASX:BHP
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What is Free Cash Flow?

Gross Margin

NEXA
19.3%
BHP
0%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
BHP Group Ltd

Operating Margin

NEXA
11.7%
BHP
41.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
BHP Group Ltd

Net Margin

NEXA
-0.6%
BHP
19%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
BHP Group Ltd

FCF Margin

NEXA
1%
BHP
18.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
BHP Group Ltd

ROE

NEXA
-1.6%
BHP
21.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
BHP Group Ltd

ROA

NEXA
-0.3%
BHP
9.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
BHP Group Ltd

ROIC

NEXA
1.2%
BHP
15.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
BHP Group Ltd

ROCE

NEXA
8.8%
BHP
23.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
BHP Group Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
NEXA, BHP

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Performance Gap
NEXA, BHP

Performance Gap Between NEXA and BHP
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Performance By Year
NEXA, BHP

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NEXA
BHP
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett