` Comparison: HEI, VMC - Alpha Spread

H
HEI
vs
VMC

Over the past 12 months, HEI has significantly outperformed VMC, delivering a return of +80% compared to the VMC's +10% growth.

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HEI
VMC
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Valuation Comparison

H
HEI Intrinsic Value
331.17 EUR
Undervaluation 33%
Intrinsic Value
Price
VMC Intrinsic Value
227.09 USD
Overvaluation 22%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
H
Heidelberg Materials AG
XMUN:HEI
222.9 EUR
Vulcan Materials Co
NYSE:VMC
292.01 USD
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
HEI, VMC

HEI
VMC
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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
H
Heidelberg Materials AG
Revenue
Vulcan Materials Co
Revenue

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

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Profitability Comparison

Free Cash Flow
HEI, VMC

HEI
VMC
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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
H
Heidelberg Materials AG
XMUN:HEI
Vulcan Materials Co
NYSE:VMC
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What is Free Cash Flow?

Gross Margin

HEI
50.6%
VMC
28.2%

Operating Margin

HEI
31.1%
VMC
20.1%

Net Margin

HEI
28%
VMC
14.2%

FCF Margin

HEI
6.9%
VMC
13.4%

ROE

HEI
44%
VMC
13.5%

ROA

HEI
21.9%
VMC
7.1%

ROIC

HEI
25.3%
VMC
8.5%

ROCE

HEI
30.5%
VMC
10.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HEI, VMC

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Performance Gap
HEI, VMC

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HEI
VMC
Difference
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Performance By Year
HEI, VMC

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HEI
VMC
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