COMP <GO>

CRS vs TX // EV/EBITDA & P/E VALUATION

Carpenter Technology Corporation (NYSE) VS. Ternium S.A. Ternium S.A. (each representing ten shares USD1.00 par value) (NYSE) • 15-METRIC TALLY: CRS 2 — TX 1

■ METRIC PARITY

CRS — Carpenter Technology Corporation ROARABLE C • RQD 62/100

LAST: $298.72 (+6.69%) • MKT CAP: $14.80B

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

valuation

24.1x

TX — Ternium S.A. Ternium S.A. (each representing ten shares USD1.00 par value) ROARABLE C- • RQD 60/100

LAST: $54.06 (+0.26%) • MKT CAP: $10.61B

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

valuation

—

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

INSTITUTIONAL METRIC	CRS	TX	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	26.70%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	16.90%	—	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	24.1x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	2.10%	—	—	TIE	/fcf-yield <GO>
Operating Margin	18.10%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	13.10%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	4.30%	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.27%	0.00%	+0.27	CRS	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	8.38	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	—	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	31.0	37.6	-6.61	TX	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.08	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	36.6x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$14.80B	$10.61B	$4.19B	CRS	/market-cap <GO>

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

FISCAL YEAR	CRS REV	TX REV	CRS GROSS %	TX GROSS %	CRS FCF	TX FCF
FY 2025	$2.88B	—	26.7%	—	$310.9M	—
FY 2024	$2.76B	—	21.2%	—	$150.7M	—
FY 2023	$2.55B	—	—	—	-$100.1M	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

CRS // BETA 1.08

TX // BETA —