COMP <GO>
NCI vs TLF // ALTMAN Z-SCORE & DEBT/EQUITY
Neo-Concept International Group Holdings Limited (Class A) (NASDAQ) VS. Tandy Leather Factory Inc. (NASDAQ) • 15-METRIC TALLY: NCI 3
— TLF 5
■ METRIC PARITY
LAST: $0.71 (-2.16%) • MKT CAP: $6.6M
balance-sheet
1.49
LAST: $2.20 (-2.65%) • MKT CAP: $18.5M
balance-sheet
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NCI VS. TLF)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | NCI | TLF | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 36.90% | 57.00% | -20.10 | TLF | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 2.60% | -2.10% | +4.70 | NCI | /roic <GO> |
| EV/EBITDA & P/E Valuation | 9.3x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | — | — | — | TIE | /fcf-yield <GO> |
| Operating Margin | 1.30% | -1.30% | +2.60 | NCI | /operating-margins <GO> |
| Net Profit Margin | 0.20% | 11.90% | -11.70 | TLF | /net-margins <GO> |
| Revenue Growth (YoY) | -41.90% | 2.60% | -44.50 | TLF | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity ACTIVE | 1.49 | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 4/9 | +2.00 | NCI | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 18.3 | 35.3 | -17.00 | TLF | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 140.0x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $6.6M | $18.5M | -$12.0M | TLF | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | NCI REV | TLF REV | NCI GROSS % | TLF GROSS % | NCI FCF | TLF FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $17.6M | $76.3M | 36.9% | 57.0% | $2.2M | -$8.1M |
| FY 2024 | $30.3M | $74.4M | 21.0% | 56.2% | -$478.4K | $1.6M |
| FY 2023 | $22.3M | $76.2M | — | — | -$6.3M | $4.5M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
NCI // BETA —
TLF // BETA —