` Comparison: SCAN vs BEL - Alpha Spread
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SCAN
vs
BEL

Over the past 12 months, SCAN has underperformed BEL, delivering a return of -88% compared to the BEL's +52% growth.

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SCAN
BEL
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Stocks Compared:
SCAN BEL
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Valuation Comparison

SCAN Intrinsic Value
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BEL Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Liberty Defense Holdings Ltd
XTSX:SCAN
0.155 CAD
Bharat Electronics Ltd
NSE:BEL
438.3 INR
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Valuation Scenario:
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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
49.2%

Operating Margin

SCAN
-527.3%
BEL
27.8%

Net Margin

SCAN
-554.6%
BEL
22.5%

FCF Margin

SCAN
-648.7%
BEL
3.7%

ROE

SCAN
354.7%
BEL
30.4%

ROA

SCAN
-182.5%
BEL
14.4%

ROIC

SCAN
-664.1%
BEL
18.3%

ROCE

SCAN
394.7%
BEL
35.5%

Solvency Comparison

Liberty Defense Holdings Ltd
Equity Waterfall
Assets
Liabilities
Equity
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Bharat Electronics Ltd
Equity Waterfall
Assets
Liabilities
Equity
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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

Performance Gap Between SCAN and BEL
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Performance By Year
SCAN, BEL

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