COMP <GO>
CIFR vs HSBC // 10Y YIELD & FRED MACRO BETA
Cipher Digital Inc. (NASDAQ) VS. HSBC Holdings plc. (NYSE) • 15-METRIC TALLY: CIFR 4
— HSBC 7
■ METRIC PARITY
LAST: $7.29 (-10.00%) • MKT CAP: $3.69B
macro-sensitivity
0.92
LAST: $85.42 (-1.36%) • MKT CAP: $297.33B
macro-sensitivity
0.92
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CIFR VS. HSBC)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | CIFR | HSBC | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 63.70% | 41.00% | +22.70 | CIFR | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -11.50% | 9.90% | -21.40 | HSBC | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | 21.0x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -18.00% | 2.21% | -20.21 | HSBC | /fcf-yield <GO> |
| Operating Margin | -60.00% | 13.90% | -73.90 | HSBC | /operating-margins <GO> |
| Net Profit Margin | -60.00% | 10.90% | -70.90 | HSBC | /net-margins <GO> |
| Revenue Growth (YoY) | 48.00% | 23.10% | +24.90 | CIFR | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 0.59 | 3.74 | -3.15 | HSBC | /balance-sheet <GO> |
| Piotroski F-Score Quality | 4/9 | 8/9 | -4.00 | HSBC | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 6.60% | 6.60% | 0.00 | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 25.4 | 25.0 | +0.37 | CIFR | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | 0.92 | 0.92 | 0.00 | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 23.0x | 27.6x | -4.60 | CIFR | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $3.69B | $297.33B | -$293.64B | HSBC | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | CIFR REV | HSBC REV | CIFR GROSS % | HSBC GROSS % | CIFR FCF | HSBC FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $223.9M | — | 63.7% | — | -$695.9M | — |
| FY 2024 | $151.3M | — | 58.8% | — | -$227.0M | — |
| FY 2023 | $126.8M | — | 44.0% | — | -$99.9M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
CIFR // BETA 0.92
HSBC // BETA 0.92