COMP <GO>

GHG vs V // ALTMAN Z-SCORE & DEBT/EQUITY

GreenTree Hospitality Group Ltd. each representing one Class A ordinary share (NYSE) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: GHG 3 — V 8

▲ ALTMAN Z-SCORE & DEBT/EQUITY LEADER: V

LAST: $0.99 (+2.52%) • MKT CAP: $99.9M

balance-sheet

0.49

LAST: $410.54 (+2.48%) • MKT CAP: $733.53B

balance-sheet

9.09

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

INSTITUTIONAL METRIC	GHG	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	34.90%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	85.00%	32.30%	+52.70	GHG	/roic <GO>
EV/EBITDA & P/E Valuation	—	28.9x	—	TIE	/valuation <GO>
Free Cash Flow Yield	2.88%	2.90%	-0.02	V	/fcf-yield <GO>
Operating Margin	5.20%	60.00%	-54.80	V	/operating-margins <GO>
Net Profit Margin	15.20%	50.10%	-34.90	V	/net-margins <GO>
Revenue Growth (YoY)	-14.70%	11.30%	-26.00	V	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	6.16%	0.63%	+5.53	GHG	/dividend-safety <GO>
Altman Z-Score & Debt/Equity ACTIVE	0.49	9.09	-8.60	V	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	9/9	-2.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	49.9	65.6	-15.70	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	1.06	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	3.9x	34.0x	-30.10	GHG	/forward-pe <GO>
Enterprise Scale & Market Cap	$99.9M	$733.53B	-$733.43B	V	/market-cap <GO>

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

FISCAL YEAR	GHG REV	V REV	GHG GROSS %	V GROSS %	GHG FCF	V FCF
FY 2025	$156.9M	$40.00B	34.9%	—	$2.9M	$21.26B
FY 2024	$184.1M	$35.93B	38.8%	—	$40.2M	$18.33B
FY 2023	$229.2M	$32.65B	—	—	$64.1M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

GHG // BETA —

V // BETA 1.06