` Comparison: SM vs SIE - Alpha Spread

SM
vs
SIE

Over the past 12 months, SM has underperformed SIE, delivering a return of -13% compared to the SIE's +0% growth.

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SM
SIE
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Valuation Comparison

SM Intrinsic Value
1 022.45 PHP
Undervaluation 32%
Intrinsic Value
Price
SIE Intrinsic Value
171.83 EUR
Overvaluation 26%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
SM Investments Corp
XPHS:SM
700 PHP
Siemens AG
XETRA:SIE
232.65 EUR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
SM, SIE

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
SM Investments Corp
Revenue
Siemens AG
Revenue

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

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Profitability Comparison

Free Cash Flow
SM, SIE

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
SM Investments Corp
XPHS:SM
Siemens AG
XETRA:SIE
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What is Free Cash Flow?

Gross Margin

SM
46.2%
SIE
38.8%
LTM 3Y Avg 5Y Avg 10Y Avg
SM Investments Corp
Siemens AG

Operating Margin

SM
23.1%
SIE
12.6%
LTM 3Y Avg 5Y Avg 10Y Avg
SM Investments Corp
Siemens AG

Net Margin

SM
12.8%
SIE
10%
LTM 3Y Avg 5Y Avg 10Y Avg
SM Investments Corp
Siemens AG

FCF Margin

SM
14.1%
SIE
12.4%
LTM 3Y Avg 5Y Avg 10Y Avg
SM Investments Corp
Siemens AG

ROE

SM
13.4%
SIE
12.7%
LTM 3Y Avg 5Y Avg 10Y Avg
SM Investments Corp
Siemens AG

ROA

SM
5%
SIE
4.8%
LTM 3Y Avg 5Y Avg 10Y Avg
SM Investments Corp
Siemens AG

ROIC

SM
8.9%
SIE
6%
LTM 3Y Avg 5Y Avg 10Y Avg
SM Investments Corp
Siemens AG

ROCE

SM
11.3%
SIE
8.6%
LTM 3Y Avg 5Y Avg 10Y Avg
SM Investments Corp
Siemens AG

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SM, SIE

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Performance Gap
SM, SIE

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SM
SIE
Difference
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Performance By Year
SM, SIE

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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