` Comparison: NEXA, RIO - Alpha Spread

NEXA
vs
RIO

Over the past 12 months, NEXA has underperformed RIO, delivering a return of 0% compared to the RIO's +26% growth.

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NEXA
RIO
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Valuation Comparison

NEXA Intrinsic Value
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RIO 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
Rio Tinto PLC
LSE:RIO
5 931 GBX
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Valuation Scenario:
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Base Case
Bull Case

Growth Comparison

Growth Over Time
NEXA, RIO

NEXA
RIO
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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
Rio Tinto PLC
Revenue

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

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Profitability Comparison

Free Cash Flow
NEXA, RIO

NEXA
RIO
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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
Rio Tinto PLC
LSE:RIO
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What is Free Cash Flow?

Gross Margin

NEXA
19.3%
RIO
0%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
Rio Tinto PLC

Operating Margin

NEXA
11.7%
RIO
25.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
Rio Tinto PLC

Net Margin

NEXA
-0.6%
RIO
19.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
Rio Tinto PLC

FCF Margin

NEXA
1.1%
RIO
9.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
Rio Tinto PLC

ROE

NEXA
-1.6%
RIO
18.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
Rio Tinto PLC

ROA

NEXA
-0.3%
RIO
9.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
Rio Tinto PLC

ROIC

NEXA
1.2%
RIO
9.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
Rio Tinto PLC

ROCE

NEXA
8.8%
RIO
14.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Nexa Resources SA
Rio Tinto PLC

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
NEXA, RIO

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Performance Gap
NEXA, RIO

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

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NEXA
RIO
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