COMP <GO>

KOF vs BUD // 10Y YIELD & FRED MACRO BETA

Coca Cola Femsa S.A.B. de C.V. American (NYSE) VS. Anheuser-Busch Inbev SA Sponsored ADR (Belgium) (NYSE) • 15-METRIC TALLY: KOF 3 — BUD 3

▲ 10Y YIELD & FRED MACRO BETA LEADER: BUD

LAST: $115.68 (+0.16%) • MKT CAP: $194.12B

macro-sensitivity

0.88

LAST: $80.38 (+1.08%) • MKT CAP: $156.82B

macro-sensitivity

1.05

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

INSTITUTIONAL METRIC	KOF	BUD	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.90%	9.90%	0.00	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	21.0x	21.0x	0.00	TIE	/valuation <GO>
Free Cash Flow Yield	2.21%	2.21%	0.00	TIE	/fcf-yield <GO>
Operating Margin	13.90%	13.90%	0.00	TIE	/operating-margins <GO>
Net Profit Margin	10.90%	10.90%	0.00	TIE	/net-margins <GO>
Revenue Growth (YoY)	3.30%	4.40%	-1.10	BUD	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.74	3.74	0.00	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	8/9	-1.00	BUD	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.50%	7.10%	-0.60	KOF	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	54.9	51.0	+3.80	KOF	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta ACTIVE	0.88	1.05	-0.17	BUD	/macro-sensitivity <GO>
Forward P/E Multiple	30.5x	30.5x	0.00	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$194.12B	$156.82B	$37.29B	KOF	/market-cap <GO>

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

FISCAL YEAR	KOF REV	BUD REV	KOF GROSS %	BUD GROSS %	KOF FCF	BUD FCF
INSPECT INDIVIDUAL XBRL MODELS AT KOF FA <GO> AND BUD FA <GO>.

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

KOF // BETA 0.88

BUD // BETA 1.05