COMP <GO>
HGBL vs TC // EV/EBITDA & P/E VALUATION
Heritage Global Inc. (NASDAQ) VS. Token Cat Limited (NASDAQ) • 15-METRIC TALLY: HGBL 7
— TC 1
■ METRIC PARITY
LAST: $1.26 (-2.33%) • MKT CAP: $43.6M
valuation
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LAST: $1.11 (0.00%) • MKT CAP: $29.3M
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (HGBL VS. TC)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | HGBL | TC | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 27.40% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 9.70% | -20.60% | +30.30 | HGBL | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -5.35% | — | — | TIE | /fcf-yield <GO> |
| Operating Margin | 11.20% | -60.00% | +71.20 | HGBL | /operating-margins <GO> |
| Net Profit Margin | 7.00% | 38.10% | -31.10 | TC | /net-margins <GO> |
| Revenue Growth (YoY) | 12.40% | -65.00% | +77.40 | HGBL | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 0.20 | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 3/9 | +3.00 | HGBL | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 43.7 | 22.4 | +21.29 | HGBL | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 10.2x | 84.4x | -74.20 | HGBL | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $43.6M | $29.3M | $14.3M | HGBL | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | HGBL REV | TC REV | HGBL GROSS % | TC GROSS % | HGBL FCF | TC FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $51.0M | $847.0K | 27.4% | 2.8% | -$2.3M | -$25.2M |
| FY 2024 | $45.4M | $6.7M | — | 68.3% | $7.6M | -$4.8M |
| FY 2023 | $60.5M | $22.9M | — | — | $13.0M | -$10.6M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
HGBL // BETA —
TC // BETA —