` Comparison: TRQ, RIO - Alpha Spread

TRQ
vs
RIO

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

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TRQ
RIO
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Valuation Comparison

TRQ Intrinsic Value
Not Available
RIO Intrinsic Value
11 446.24 GBX
Undervaluation 49%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Turquoise Hill Resources Ltd
TSX:TRQ
42.99 CAD
Rio Tinto PLC
LSE:RIO
5 838 GBX
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Valuation Scenario:
Bear Case
Base Case
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Growth Comparison

Growth Over Time
TRQ, RIO

TRQ
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
Turquoise Hill Resources Ltd
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
TRQ, RIO

TRQ
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
Turquoise Hill Resources Ltd
TSX:TRQ
Rio Tinto PLC
LSE:RIO
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What is Free Cash Flow?

Gross Margin

TRQ
45.7%
RIO
0%

Operating Margin

TRQ
30.8%
RIO
25.8%

Net Margin

TRQ
33%
RIO
19.1%

FCF Margin

TRQ
-34.8%
RIO
9.6%

ROE

TRQ
5.9%
RIO
18.1%

ROA

TRQ
3.9%
RIO
9.2%

ROIC

TRQ
5.5%
RIO
9.7%

ROCE

TRQ
3.9%
RIO
14.1%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TRQ, RIO

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Performance Gap
TRQ, RIO

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TRQ
RIO
Difference
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Performance By Year
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RIO
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