COMP <GO>

CBNA vs V // EV/EBITDA & P/E VALUATION

Chain Bridge Bancorp Inc. (Class A) (NYSE) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: CBNA 2 — V 5

■ METRIC PARITY

LAST: $51.51 (+1.82%) • MKT CAP: $338.0M

valuation

—

LAST: $425.51 (+2.88%) • MKT CAP: $760.28B

valuation

28.9x

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

INSTITUTIONAL METRIC	CBNA	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	12.00%	32.30%	-20.30	V	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	28.9x	—	TIE	/valuation <GO>
Free Cash Flow Yield	3.40%	2.90%	+0.50	CBNA	/fcf-yield <GO>
Operating Margin	—	60.00%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	50.10%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	11.30%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.63%	-0.63	V	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	9.09	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	3/9	9/9	-6.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	61.0	74.2	-13.20	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	1.06	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	15.5x	34.0x	-18.50	CBNA	/forward-pe <GO>
Enterprise Scale & Market Cap	$338.0M	$760.28B	-$759.94B	V	/market-cap <GO>

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

FISCAL YEAR	CBNA REV	V REV	CBNA GROSS %	V GROSS %	CBNA FCF	V FCF
FY 2025	$735.2M	$40.00B	—	—	$11.5M	$21.26B
FY 2024	$588.5M	$35.93B	—	—	$21.6M	$18.33B
FY 2023	$59.8M	$32.65B	—	—	$12.8M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

CBNA // BETA —

V // BETA 1.06