` Comparison: BPI vs JPM - Alpha Spread

B
BPI
vs
JPM

Over the past 12 months, BPI has underperformed JPM, delivering a return of -5% compared to the JPM's +16% growth.

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BPI
JPM
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Valuation Comparison

B
BPI Intrinsic Value
161.41 PHP
Undervaluation 27%
Intrinsic Value
Price
JPM Intrinsic Value
303.39 USD
Overvaluation 1%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
B
Bank of the Philippine Islands
XPHS:BPI
118.5 PHP
JPMorgan Chase & Co
NYSE:JPM
306.74 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
BPI, JPM

BPI
JPM
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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
B
Bank of the Philippine Islands
Revenue
JPMorgan Chase & Co
Revenue

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

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Profitability Comparison

Free Cash Flow
BPI, JPM

BPI
JPM
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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
B
Bank of the Philippine Islands
XPHS:BPI
FCF is not applicable for financial companies
JPMorgan Chase & Co
NYSE:JPM
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

BPI
JPM
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank of the Philippine Islands
Not applicable for financial companies
JPMorgan Chase & Co
Not applicable for financial companies

Operating Margin

BPI
JPM
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank of the Philippine Islands
Not applicable for financial companies
JPMorgan Chase & Co
Not applicable for financial companies

Net Margin

BPI
34.6%
JPM
30.5%

FCF Margin

BPI
JPM
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank of the Philippine Islands
Not applicable for financial companies
JPMorgan Chase & Co
Not applicable for financial companies

ROE

BPI
14.2%
JPM
15.7%

ROA

BPI
1.9%
JPM
1.3%

ROIC

BPI
JPM
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank of the Philippine Islands
Not applicable for financial companies
JPMorgan Chase & Co
Not applicable for financial companies

ROCE

BPI
JPM
LTM 3Y Avg 5Y Avg 10Y Avg
B
Bank of the Philippine Islands
Not applicable for financial companies
JPMorgan Chase & Co
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
BPI, JPM

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Performance Gap
BPI, JPM

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BPI
JPM
Difference
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Performance By Year
BPI, JPM

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BPI
JPM
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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