COMP <GO>

MGN vs NCRA // REVENUE GROWTH (YOY)

Megan Holdings Limited (Class A) (NASDAQ) VS. Nocera Inc. (NASDAQ) • 15-METRIC TALLY: MGN 3 — NCRA 2

■ METRIC PARITY

LAST: $4.00 (+11.42%) • MKT CAP: $4.9M

revenue-growth

—

LAST: $1.50 (+3.45%) • MKT CAP: $3.6M

revenue-growth

-35.20%

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

INSTITUTIONAL METRIC	MGN	NCRA	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	1.70%	1.50%	+0.20	MGN	/gross-margins <GO>
Return on Invested Capital (ROIC)	1.00%	—	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	32.7x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	—	—	TIE	/fcf-yield <GO>
Operating Margin	0.70%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	1.00%	-26.10%	+27.10	MGN	/net-margins <GO>
Revenue Growth (YoY) ACTIVE	—	-35.20%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	2.30	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	2/9	3/9	-1.00	NCRA	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	31.5	43.8	-12.30	NCRA	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	21.2x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$4.9M	$3.6M	$1.4M	MGN	/market-cap <GO>

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

FISCAL YEAR	MGN REV	NCRA REV	MGN GROSS %	NCRA GROSS %	MGN FCF	NCRA FCF
FY 2025	$20.7M	$11.0M	1.7%	1.5%	-$2.4M	-$2.6M
FY 2024	—	$17.0M	—	1.6%	—	-$2.1M
FY 2023	—	$23.9M	—	—	—	-$1.1M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

MGN // BETA —

NCRA // BETA —