COMP <GO>

CWK vs VTMX // EV/EBITDA & P/E VALUATION

Cushman & Wakefield Ltd. (NYSE) VS. Corporacion Inmobiliaria Vesta S.A.B de C.V. each representing ten (10) (NYSE) • 15-METRIC TALLY: CWK 1 — VTMX 1

■ METRIC PARITY

CWK — Cushman & Wakefield Ltd. ROARABLE C- • RQD 60/100

LAST: $13.11 (+3.88%) • MKT CAP: $3.08B

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

valuation

10.0x

VTMX — Corporacion Inmobiliaria Vesta S.A.B de C.V. each representing ten (10) ROARABLE D • RQD 51/100

LAST: $36.29 (-0.28%) • MKT CAP: $3.21B

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

valuation

—

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

INSTITUTIONAL METRIC	CWK	VTMX	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.40%	—	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	10.0x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	9.52%	—	—	TIE	/fcf-yield <GO>
Operating Margin	4.40%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	0.90%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	8.90%	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	—	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	62.2	58.3	+3.87	CWK	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.91	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	32.5x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$3.08B	$3.21B	-$132.7M	VTMX	/market-cap <GO>

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

FISCAL YEAR	CWK REV	VTMX REV	CWK GROSS %	VTMX GROSS %	CWK FCF	VTMX FCF
FY 2025	$10.29B	—	—	—	$293.0M	—
FY 2024	$9.45B	—	—	—	$167.0M	—
FY 2023	$9.49B	—	—	—	-$275.0M	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

CWK // BETA 0.91

VTMX // BETA —