` Comparison: TBK, PM - Alpha Spread

P
TBK
vs
PM

Over the past 12 months, TBK has underperformed PM, delivering a return of +14% compared to the PM's +28% growth.

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TBK
PM
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Valuation Comparison

TBK Intrinsic Value
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PM Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
P
Philip Morris CR as
XBER:TBK
750 EUR
Philip Morris International Inc
NYSE:PM
156.84 USD
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
TBK, PM

Revenue
www.alphaspread.com
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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
P
Philip Morris CR as
Revenue
Philip Morris International Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
TBK, PM

Free Cash Flow
www.alphaspread.com
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
P
Philip Morris CR as
XBER:TBK
Philip Morris International Inc
NYSE:PM
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What is Free Cash Flow?

Gross Margin

TBK
43%
PM
66.9%

Operating Margin

TBK
17%
PM
38.7%

Net Margin

TBK
14.1%
PM
21.5%

FCF Margin

TBK
13.5%
PM
25.3%

ROE

TBK
45%
PM
-83.5%

ROA

TBK
18.4%
PM
12.8%

ROIC

TBK
42.9%
PM
19.9%

ROCE

TBK
51.5%
PM
36.9%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TBK, PM

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Performance Gap
TBK, PM

Performance Gap Between TBK and PM
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Performance By Year
TBK, PM

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