COMP <GO>

NCT vs V // EV/EBITDA & P/E VALUATION

Intercont (Cayman) Limited (Class A) (NASDAQ) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: NCT 0 — V 9

■ METRIC PARITY

LAST: $1.55 (-0.64%) • MKT CAP: $4.8M

valuation

—

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

valuation

28.9x

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

INSTITUTIONAL METRIC	NCT	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	31.20%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	15.70%	32.30%	-16.60	V	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	28.9x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	2.90%	—	TIE	/fcf-yield <GO>
Operating Margin	19.50%	60.00%	-40.50	V	/operating-margins <GO>
Net Profit Margin	12.40%	50.10%	-37.70	V	/net-margins <GO>
Revenue Growth (YoY)	-1.50%	11.30%	-12.80	V	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.63%	-0.63	V	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	0.64	9.09	-8.45	V	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	9/9	-4.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	24.3	65.6	-41.28	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	1.06	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	34.0x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$4.8M	$733.53B	-$733.53B	V	/market-cap <GO>

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

FISCAL YEAR	NCT REV	V REV	NCT GROSS %	V GROSS %	NCT FCF	V FCF
FY 2025	$25.1M	$40.00B	31.2%	—	$6.3M	$21.26B
FY 2024	$25.5M	$35.93B	28.8%	—	$5.8M	$18.33B
FY 2023	$32.4M	$32.65B	—	—	$13.6M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

NCT // BETA —

V // BETA 1.06