COMP <GO>

PDD vs V // PIOTROSKI F-SCORE QUALITY

PDD Holdings Inc. (NASDAQ) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: PDD 5 — V 8

▲ PIOTROSKI F-SCORE QUALITY LEADER: V

LAST: $78.61 (-0.85%) • MKT CAP: $112.85B

piotroski-score

8/9

LAST: $413.59 (+0.74%) • MKT CAP: $733.53B

piotroski-score

9/9

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

INSTITUTIONAL METRIC	PDD	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	56.30%	41.00%	+15.30	PDD	/gross-margins <GO>
Return on Invested Capital (ROIC)	18.60%	32.30%	-13.70	V	/roic <GO>
EV/EBITDA & P/E Valuation	7.0x	28.9x	-21.90	PDD	/valuation <GO>
Free Cash Flow Yield	11.09%	2.90%	+8.19	PDD	/fcf-yield <GO>
Operating Margin	21.60%	60.00%	-38.40	V	/operating-margins <GO>
Net Profit Margin	22.70%	50.10%	-27.40	V	/net-margins <GO>
Revenue Growth (YoY)	14.50%	11.30%	+3.20	PDD	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.63%	-0.63	V	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	4.57	9.09	-4.52	V	/balance-sheet <GO>
Piotroski F-Score Quality ACTIVE	8/9	9/9	-1.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	7.10%	7.10%	0.00	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	46.1	69.4	-23.31	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.06	1.06	0.00	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	6.8x	34.0x	-27.20	PDD	/forward-pe <GO>
Enterprise Scale & Market Cap	$112.85B	$733.53B	-$620.69B	V	/market-cap <GO>

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

FISCAL YEAR	PDD REV	V REV	PDD GROSS %	V GROSS %	PDD FCF	V FCF
FY 2025	$61.75B	$40.00B	56.3%	44.0%	$12.51B	$21.26B
FY 2024	$53.96B	$35.93B	60.9%	44.0%	$14.28B	$18.33B
FY 2023	$34.88B	$32.65B	44.0%	44.0%	$11.69B	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

PDD // BETA 1.06

V // BETA 1.06