` Comparison: HE9 vs SREN - Alpha Spread

HE9
vs
S
SREN

Over the past 12 months, HE9 has outperformed SREN, delivering a return of +4% compared to the SREN's 0% growth.

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HE9
SREN
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Valuation Comparison

HE9 Intrinsic Value
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SREN Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Hera SpA
XBER:HE9
4.01 EUR
S
Sempra
VSE:SREN
66.5 EUR
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Valuation Scenario:
Bear Case
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Growth Comparison

Growth Over Time
HE9, SREN

HE9
SREN
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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
Hera SpA
Revenue
S
Sempra
Revenue

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

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Profitability Comparison

Free Cash Flow
HE9, SREN

HE9
SREN
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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
Hera SpA
XBER:HE9
S
Sempra
VSE:SREN
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What is Free Cash Flow?

Gross Margin

HE9
43.4%
SREN
0%
LTM 3Y Avg 5Y Avg 10Y Avg
Hera SpA
S
Sempra

Operating Margin

HE9
5.6%
SREN
22.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Hera SpA
S
Sempra

Net Margin

HE9
3.4%
SREN
13.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Hera SpA
S
Sempra

FCF Margin

HE9
0.9%
SREN
-51.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Hera SpA
S
Sempra

ROE

HE9
19.7%
SREN
5.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Hera SpA
S
Sempra

ROA

HE9
5.2%
SREN
1.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Hera SpA
S
Sempra

ROIC

HE9
7.6%
SREN
1.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Hera SpA
S
Sempra

ROCE

HE9
12.4%
SREN
3.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Hera SpA
S
Sempra

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HE9, SREN

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Performance Gap
HE9, SREN

Performance Gap Between HE9 and SREN
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Performance By Year
HE9, SREN

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HE9
SREN
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Compare HE9 to other stocks
NG
National Grid PLC
More expensive
vs HE9
ENGI
Engie SA
More expensive
vs HE9
SRE
Sempra Energy
More expensive
vs HE9
EOAN
E.ON SE
More expensive
vs HE9
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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