` Comparison: SCAN, BEL - Alpha Spread

SCAN
vs
BEL

Over the past 12 months, SCAN has underperformed BEL, delivering a return of -75% compared to the BEL's +47% growth.

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SCAN
BEL
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Stocks Compared:
SCAN BEL
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Valuation Comparison

SCAN Intrinsic Value
0.183 CAD
Overvaluation 11%
Intrinsic Value
Price
BEL Intrinsic Value
275.2 INR
Overvaluation 33%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Liberty Defense Holdings Ltd
XTSX:SCAN
0.205 CAD
Bharat Electronics Ltd
NSE:BEL
413.8 INR
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Growth Comparison

Growth Over Time
SCAN, BEL

SCAN
BEL
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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
Liberty Defense Holdings Ltd
Revenue
Bharat Electronics Ltd
Revenue

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

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Profitability Comparison

Free Cash Flow
SCAN, BEL

SCAN
BEL
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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
Liberty Defense Holdings Ltd
XTSX:SCAN
Bharat Electronics Ltd
NSE:BEL
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What is Free Cash Flow?

Gross Margin

SCAN
-77.9%
BEL
49.7%

Operating Margin

SCAN
-527.3%
BEL
27.6%

Net Margin

SCAN
-554.6%
BEL
22.6%

FCF Margin

SCAN
-648.7%
BEL
3.9%

ROE

SCAN
354.7%
BEL
29%

ROA

SCAN
-182.5%
BEL
13.8%

ROIC

SCAN
-664.1%
BEL
17.3%

ROCE

SCAN
394.7%
BEL
33.4%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SCAN, BEL

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Performance Gap
SCAN, BEL

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SCAN
BEL
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
SCAN, BEL

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BEL
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