COMP <GO>

CCU vs FIZZ // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Compania Cervecerias Unidas S.A. (NYSE) VS. National Beverage Corp. (NASDAQ) • 15-METRIC TALLY: CCU 0 — FIZZ 2

■ METRIC PARITY

LAST: $10.43 (-1.88%) • MKT CAP: $1.93B

options-implied-move

—

LAST: $35.02 (+2.19%) • MKT CAP: $3.28B

options-implied-move

—

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

INSTITUTIONAL METRIC	CCU	FIZZ	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	37.00%	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	65.60%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	11.8x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	4.76%	—	TIE	/fcf-yield <GO>
Operating Margin	—	19.50%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	15.60%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	-1.70%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	13.84	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	5/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	41.5	58.6	-17.10	FIZZ	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	16.6x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.93B	$3.28B	-$1.35B	FIZZ	/market-cap <GO>

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

FISCAL YEAR	CCU REV	FIZZ REV	CCU GROSS %	FIZZ GROSS %	CCU FCF	FIZZ FCF
FY 2025	—	$1.18B	—	37.0%	—	$156.1M
FY 2024	—	$1.20B	—	37.0%	—	$170.4M
FY 2023	—	$1.19B	—	—	—	$197.9M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

CCU // BETA —

FIZZ // BETA —