` Comparison: VCS vs HOLN - Alpha Spread

V
VCS
vs
HOLN

Over the past 12 months, VCS has underperformed HOLN, delivering a return of -30% compared to the HOLN's +39% growth.

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VCS
HOLN
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Valuation Comparison

V
VCS Intrinsic Value
67 885.81 VND
Undervaluation 40%
Intrinsic Value
Price
HOLN Intrinsic Value
51.51 CHF
Overvaluation 20%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
V
Vicostone JSC
VN:VCS
40 800 VND
Holcim AG
SIX:HOLN
64.6 CHF
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Valuation Scenario:
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Growth Comparison

Growth Over Time
VCS, HOLN

VCS
HOLN
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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
V
Vicostone JSC
Revenue
Holcim AG
Revenue

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

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Profitability Comparison

Free Cash Flow
VCS, HOLN

VCS
HOLN
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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
V
Vicostone JSC
VN:VCS
Holcim AG
SIX:HOLN
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What is Free Cash Flow?

Gross Margin

VCS
25.3%
HOLN
42.3%
LTM 3Y Avg 5Y Avg 10Y Avg
V
Vicostone JSC
Holcim AG

Operating Margin

VCS
18.2%
HOLN
14.2%
LTM 3Y Avg 5Y Avg 10Y Avg
V
Vicostone JSC
Holcim AG

Net Margin

VCS
16.2%
HOLN
83.8%
LTM 3Y Avg 5Y Avg 10Y Avg
V
Vicostone JSC
Holcim AG

FCF Margin

VCS
14.2%
HOLN
11%
LTM 3Y Avg 5Y Avg 10Y Avg
V
Vicostone JSC
Holcim AG

ROE

VCS
13.1%
HOLN
61.8%
LTM 3Y Avg 5Y Avg 10Y Avg
V
Vicostone JSC
Holcim AG

ROA

VCS
10.9%
HOLN
30%
LTM 3Y Avg 5Y Avg 10Y Avg
V
Vicostone JSC
Holcim AG

ROIC

VCS
15.8%
HOLN
3.2%
LTM 3Y Avg 5Y Avg 10Y Avg
V
Vicostone JSC
Holcim AG

ROCE

VCS
14.5%
HOLN
6.3%
LTM 3Y Avg 5Y Avg 10Y Avg
V
Vicostone JSC
Holcim AG

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
VCS, HOLN

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Performance Gap
VCS, HOLN

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VCS
HOLN
Difference
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Performance By Year
VCS, HOLN

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VCS
HOLN
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Compare VCS to other stocks
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

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