COMP <GO>

EMA vs TLN // 10Y YIELD & FRED MACRO BETA

Emera Incorporated (NYSE) VS. Talen Energy Corporation (NASDAQ) • 15-METRIC TALLY: EMA 6 — TLN 5

▲ 10Y YIELD & FRED MACRO BETA LEADER: TLN

LAST: $49.38 (+1.38%) • MKT CAP: $15.17B

macro-sensitivity

0.71

LAST: $348.85 (+0.32%) • MKT CAP: $16.71B

macro-sensitivity

0.74

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

INSTITUTIONAL METRIC	EMA	TLN	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.90%	-1.00%	+10.90	EMA	/roic <GO>
EV/EBITDA & P/E Valuation	21.0x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	2.21%	3.63%	-1.42	TLN	/fcf-yield <GO>
Operating Margin	13.90%	-3.60%	+17.50	EMA	/operating-margins <GO>
Net Profit Margin	10.90%	-8.70%	+19.60	EMA	/net-margins <GO>
Revenue Growth (YoY)	4.40%	60.00%	-55.60	TLN	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	3.40%	3.40%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.74	1.18	+2.56	EMA	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	6/9	+2.00	EMA	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	59.6	53.3	+6.30	EMA	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta ACTIVE	0.71	0.74	-0.03	TLN	/macro-sensitivity <GO>
Forward P/E Multiple	30.5x	28.0x	+2.50	TLN	/forward-pe <GO>
Enterprise Scale & Market Cap	$15.17B	$16.71B	-$1.55B	TLN	/market-cap <GO>

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

FISCAL YEAR	EMA REV	TLN REV	EMA GROSS %	TLN GROSS %	EMA FCF	TLN FCF
FY 2025	—	$2.52B	—	—	—	$606.0M
FY 2024	—	$1.57B	—	—	—	$171.0M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

EMA // BETA 0.71

TLN // BETA 0.74