COMP <GO>

CEPU vs SO // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Central Puerto S.A. (each represents ten ) (NYSE) VS. Southern Company (NYSE) • 15-METRIC TALLY: CEPU 0 — SO 3

■ METRIC PARITY

LAST: $11.08 (-1.95%) • MKT CAP: $1.68B

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LAST: $92.99 (+1.61%) • MKT CAP: $106.97B

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

INSTITUTIONAL METRIC	CEPU	SO	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	6.90%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	8.5x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	-2.74%	—	TIE	/fcf-yield <GO>
Operating Margin	—	24.70%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	14.70%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	10.60%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	2.82%	-2.82	SO	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	0.98	—	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	27.4	62.9	-35.55	SO	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	0.58	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	22.9x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.68B	$106.97B	-$105.29B	SO	/market-cap <GO>

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

FISCAL YEAR	CEPU REV	SO REV	CEPU GROSS %	SO GROSS %	CEPU FCF	SO FCF
FY 2025	—	$29.55B	—	—	—	-$2.94B
FY 2024	—	$26.72B	—	—	—	$833.0M
FY 2023	—	$25.25B	—	—	—	$6.42B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

CEPU // BETA —

SO // BETA 0.58