COMP <GO>

PAGS vs ATHM // EV/EBITDA & P/E VALUATION

PagSeguro Digital Ltd. (Class A) (NYSE) VS. Autohome Inc. each representing four . (Class A) (NYSE) • 15-METRIC TALLY: PAGS 1 — ATHM 2

■ METRIC PARITY

LAST: $8.07 (-0.98%) • MKT CAP: $2.35B

valuation

—

LAST: $20.23 (+0.55%) • MKT CAP: $2.33B

valuation

16.2x

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

INSTITUTIONAL METRIC	PAGS	ATHM	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	72.40%	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	2.90%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	16.2x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	4.73%	—	TIE	/fcf-yield <GO>
Operating Margin	—	11.90%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	22.40%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	-4.30%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	9.09%	-9.09	ATHM	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	4.33	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	5/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	30.2	36.3	-6.11	ATHM	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	10.5x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$2.35B	$2.33B	$15.9M	PAGS	/market-cap <GO>

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

FISCAL YEAR	PAGS REV	ATHM REV	PAGS GROSS %	ATHM GROSS %	PAGS FCF	ATHM FCF
FY 2025	—	$922.6M	—	72.4%	—	$110.3M
FY 2024	—	$964.4M	—	78.9%	—	$168.9M
FY 2023	—	$1.01B	—	—	—	$345.3M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

PAGS // BETA —

ATHM // BETA —