` Comparison: ENE vs NTC - Alpha Spread

C
ENE
vs
N
NTC

Over the past 12 months, ENE has underperformed NTC, delivering a return of -2% compared to the NTC's +13% growth.

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ENE
NTC
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Valuation Comparison

C
ENE Intrinsic Value
21.95 PLN
Undervaluation 6%
Intrinsic Value
Price
N
NTC Intrinsic Value
1 603.56 Zac
Undervaluation 3%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
C
Centrum Medyczne Enel Med SA
WSE:ENE
20.6 PLN
N
Netcare Ltd
JSE:NTC
1 554 Zac
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Valuation Scenario:
Bear Case
Base Case
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Growth Comparison

Growth Over Time
ENE, NTC

ENE
NTC
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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
C
Centrum Medyczne Enel Med SA
Revenue
N
Netcare Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
ENE, NTC

ENE
NTC
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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
C
Centrum Medyczne Enel Med SA
WSE:ENE
N
Netcare Ltd
JSE:NTC
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What is Free Cash Flow?

Gross Margin

ENE
9.1%
NTC
49.7%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Centrum Medyczne Enel Med SA
N
Netcare Ltd

Operating Margin

ENE
3%
NTC
13.6%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Centrum Medyczne Enel Med SA
N
Netcare Ltd

Net Margin

ENE
1.3%
NTC
6.4%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Centrum Medyczne Enel Med SA
N
Netcare Ltd

FCF Margin

ENE
6.4%
NTC
3.1%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Centrum Medyczne Enel Med SA
N
Netcare Ltd

ROE

ENE
5.8%
NTC
15.4%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Centrum Medyczne Enel Med SA
N
Netcare Ltd

ROA

ENE
1.9%
NTC
5.8%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Centrum Medyczne Enel Med SA
N
Netcare Ltd

ROIC

ENE
4.2%
NTC
11.2%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Centrum Medyczne Enel Med SA
N
Netcare Ltd

ROCE

ENE
5.7%
NTC
15.6%
LTM 3Y Avg 5Y Avg 10Y Avg
C
Centrum Medyczne Enel Med SA
N
Netcare Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ENE, NTC

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Performance Gap
ENE, NTC

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ENE
NTC
Difference
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Performance By Year
ENE, NTC

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ENE
NTC
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