COMP <GO>

AMBO vs TAL // 10Y YIELD & FRED MACRO BETA

Ambow Education Holding Ltd. American Depository Shares (each representing twenty (20) ) (Class A) (NYSE) VS. TAL Education Group (NYSE) • 15-METRIC TALLY: AMBO 1 — TAL 10

■ METRIC PARITY

AMBO — Ambow Education Holding Ltd. American Depository Shares (each representing twenty (20) ) (Class A) ROARABLE D • RQD 44/100

LAST: $1.55 (0.00%) • MKT CAP: $4.4M

DES <GO> FA <GO> 10-K RED <GO>

macro-sensitivity

—

TAL — TAL Education Group ROARABLE C • RQD 63/100

LAST: $10.14 (+0.80%) • MKT CAP: $5.62B

DES <GO> FA <GO> 10-K RED <GO>

macro-sensitivity

1.09

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (AMBO VS. TAL) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	AMBO	TAL	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	54.80%	55.40%	-0.60	TAL	/gross-margins <GO>
Return on Invested Capital (ROIC)	0.90%	12.40%	-11.50	TAL	/roic <GO>
EV/EBITDA & P/E Valuation	10.1x	16.5x	-6.40	AMBO	/valuation <GO>
Free Cash Flow Yield	-10.44%	9.04%	-19.48	TAL	/fcf-yield <GO>
Operating Margin	1.20%	9.20%	-8.00	TAL	/operating-margins <GO>
Net Profit Margin	14.40%	17.60%	-3.20	TAL	/net-margins <GO>
Revenue Growth (YoY)	0.80%	33.70%	-32.90	TAL	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	3.40%	-3.40	TAL	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	4.29	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	9/9	-3.00	TAL	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	26.9	31.7	-4.81	TAL	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta ACTIVE	—	1.09	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	8.9x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$4.4M	$5.62B	-$5.62B	TAL	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	AMBO REV	TAL REV	AMBO GROSS %	TAL GROSS %	AMBO FCF	TAL FCF
FY 2025	$9.5M	$3.01B	54.8%	55.4%	-$463.0K	$508.3M
FY 2024	$9.4M	$2.25B	53.1%	53.3%	$435.0K	$286.2M
FY 2023	$9.2M	$1.49B	—	—	—	$239.1M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

AMBO // BETA —

TAL // BETA 1.09