` Comparison: 4536 vs MAT - Alpha Spread

T
4536
vs
MAT

Over the past 12 months, Topkey Corp has underperformed MAT, delivering a return of -20% compared to the MAT's +1% growth.

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4536
MAT
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Valuation Comparison

T
Intrinsic Value
253.38 TWD
Undervaluation 37%
Intrinsic Value
Price
MAT Intrinsic Value
25.09 USD
Undervaluation 14%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
T
Topkey Corp
TWSE:4536
160 TWD
Mattel Inc
NASDAQ:MAT
21.5 USD
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Valuation Scenario:
Bear Case
Base Case
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Growth Comparison

Growth Over Time
4536, MAT

4536
MAT
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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
T
Topkey Corp
Revenue
Mattel Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
4536, MAT

4536
MAT
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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
T
Topkey Corp
TWSE:4536
Mattel Inc
NASDAQ:MAT
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What is Free Cash Flow?

Gross Margin

Topkey Corp
36%
MAT
50.5%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Topkey Corp
Mattel Inc

Operating Margin

Topkey Corp
20.7%
MAT
11.6%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Topkey Corp
Mattel Inc

Net Margin

Topkey Corp
17.1%
MAT
8.3%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Topkey Corp
Mattel Inc

FCF Margin

Topkey Corp
21.2%
MAT
9.3%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Topkey Corp
Mattel Inc

ROE

Topkey Corp
19.5%
MAT
18.9%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Topkey Corp
Mattel Inc

ROA

Topkey Corp
12.1%
MAT
6.6%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Topkey Corp
Mattel Inc

ROIC

Topkey Corp
18.1%
MAT
12.2%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Topkey Corp
Mattel Inc

ROCE

Topkey Corp
19.5%
MAT
12.3%
LTM 3Y Avg 5Y Avg 10Y Avg
T
Topkey Corp
Mattel Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
4536, MAT

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Performance Gap
4536, MAT

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4536
MAT
Difference
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Performance By Year
4536, MAT

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4536
MAT
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