` Comparison: 2338 vs KLAC - Alpha Spread

2338
vs
KLAC

Over the past 12 months, Taiwan Mask Corp has underperformed KLAC, delivering a return of +9% compared to the KLAC's +116% growth.

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2338
KLAC
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Valuation Comparison

Taiwan Mask Corp Intrinsic Value
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KLAC Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Taiwan Mask Corp
TWSE:2338
49.2 TWD
KLA Corp
NASDAQ:KLAC
1 529.175 USD
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Valuation Scenario:
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Base Case
Bull Case

Growth Comparison

Growth Over Time
2338, KLAC

2338
KLAC
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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
Taiwan Mask Corp
Revenue
KLA Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
2338, KLAC

2338
KLAC
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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
Taiwan Mask Corp
TWSE:2338
KLA Corp
NASDAQ:KLAC
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What is Free Cash Flow?

Gross Margin

Taiwan Mask Corp
11.4%
KLAC
61.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Taiwan Mask Corp
KLA Corp

Operating Margin

Taiwan Mask Corp
-6.2%
KLAC
42.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Taiwan Mask Corp
KLA Corp

Net Margin

Taiwan Mask Corp
-22.9%
KLAC
35.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Taiwan Mask Corp
KLA Corp

FCF Margin

Taiwan Mask Corp
27%
KLAC
34.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Taiwan Mask Corp
KLA Corp

ROE

Taiwan Mask Corp
-31.4%
KLAC
100.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Taiwan Mask Corp
KLA Corp

ROA

Taiwan Mask Corp
-7.5%
KLAC
28.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Taiwan Mask Corp
KLA Corp

ROIC

Taiwan Mask Corp
-2.7%
KLAC
43.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Taiwan Mask Corp
KLA Corp

ROCE

Taiwan Mask Corp
-3.6%
KLAC
46.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Taiwan Mask Corp
KLA Corp

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
2338, KLAC

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Performance Gap
2338, KLAC

Performance Gap Between 2338 and KLAC
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Performance By Year
2338, KLAC

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2338
KLAC
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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