` Comparison: CHK vs ABEV3 - Alpha Spread

CHK
vs
ABEV3

Over the past 12 months, CHK has underperformed ABEV3, delivering a return of -10% compared to the ABEV3's +47% growth.

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CHK
ABEV3
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Valuation Comparison

CHK Intrinsic Value
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ABEV3 Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
China Resources Beer Holdings Co Ltd
XHAM:CHK
2.78 EUR
Ambev SA
BOVESPA:ABEV3
16.28 BRL
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Valuation Scenario:
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Growth Comparison

Growth Over Time
CHK, ABEV3

CHK
ABEV3
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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
China Resources Beer Holdings Co Ltd
Revenue
Ambev SA
Revenue

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

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Profitability Comparison

Free Cash Flow
CHK, ABEV3

CHK
ABEV3
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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
China Resources Beer Holdings Co Ltd
XHAM:CHK
Ambev SA
BOVESPA:ABEV3
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What is Free Cash Flow?

Gross Margin

CHK
43.9%
ABEV3
51.8%

Operating Margin

CHK
18%
ABEV3
25.7%

Net Margin

CHK
15%
ABEV3
17.7%

FCF Margin

CHK
12.9%
ABEV3
22.8%

ROE

CHK
16.9%
ABEV3
16.9%

ROA

CHK
8.1%
ABEV3
11.1%

ROIC

CHK
13.2%
ABEV3
18.1%

ROCE

CHK
15%
ABEV3
21.5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
CHK, ABEV3

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Performance Gap
CHK, ABEV3

Performance Gap Between CHK and ABEV3
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Performance By Year
CHK, ABEV3

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CHK
ABEV3
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