` Comparison: TKD vs NOVN - Alpha Spread

TKD
vs
NOVN

Over the past 12 months, TKD has underperformed NOVN, delivering a return of +0% compared to the NOVN's +30% growth.

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TKD
NOVN
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Valuation Comparison

TKD Intrinsic Value
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NOVN Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Takeda Pharmaceutical Co Ltd
XBER:TKD
26.05 EUR
Novartis AG
SIX:NOVN
124.58 CHF
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Valuation Scenario:
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Growth Comparison

Growth Over Time
TKD, NOVN

TKD
NOVN
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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
Takeda Pharmaceutical Co Ltd
Revenue
Novartis AG
Revenue

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

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Profitability Comparison

Free Cash Flow
TKD, NOVN

TKD
NOVN
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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
Takeda Pharmaceutical Co Ltd
XBER:TKD
Novartis AG
SIX:NOVN
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What is Free Cash Flow?

Gross Margin

TKD
65.3%
NOVN
75.8%

Operating Margin

TKD
10.8%
NOVN
33.2%

Net Margin

TKD
2.5%
NOVN
24.8%

FCF Margin

TKD
16.8%
NOVN
27.1%

ROE

TKD
1.5%
NOVN
31%

ROA

TKD
0.7%
NOVN
13.1%

ROIC

TKD
1.9%
NOVN
17.8%

ROCE

TKD
3.7%
NOVN
23.8%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
TKD, NOVN

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Performance Gap
TKD, NOVN

Performance Gap Between TKD and NOVN
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Performance By Year
TKD, NOVN

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TKD
NOVN
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