COMP <GO>

CUB vs TWIN // EV/EBITDA & P/E VALUATION

Lionheart Holdings (Class A) (NASDAQ) VS. Twin Disc Incorporated (NASDAQ) • 15-METRIC TALLY: CUB 1 — TWIN 5

■ METRIC PARITY

LAST: $10.94 (+0.09%) • MKT CAP: $347.5M

valuation

—

LAST: $25.29 (-0.71%) • MKT CAP: $367.7M

valuation

17.1x

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

INSTITUTIONAL METRIC	CUB	TWIN	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	27.60%	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-4.00%	3.90%	-7.90	TWIN	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	17.1x	—	TIE	/valuation <GO>
Free Cash Flow Yield	-0.17%	2.40%	-2.57	TWIN	/fcf-yield <GO>
Operating Margin	—	3.30%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	-0.60%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	15.50%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.62%	-0.62	TWIN	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	3.13	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	2/9	7/9	-5.00	TWIN	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	60.3	41.5	+18.85	CUB	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	36.1x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$347.5M	$367.7M	-$20.1M	TWIN	/market-cap <GO>

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

FISCAL YEAR	CUB REV	TWIN REV	CUB GROSS %	TWIN GROSS %	CUB FCF	TWIN FCF
FY 2025	$0	$340.7M	—	27.6%	-$585.5K	$8.8M
FY 2024	$0	$295.1M	—	28.2%	—	$25.0M
FY 2023	—	$0	—	—	—	$22.9M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

CUB // BETA —

TWIN // BETA —