COMP <GO>

PKG vs V // DIVIDEND YIELD & FCF PAYOUT SAFETY

Packaging Corporation of America (NYSE) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: PKG 5 — V 8

▲ DIVIDEND YIELD & FCF PAYOUT SAFETY LEADER: PKG

LAST: $254.53 (+2.45%) • MKT CAP: $22.68B

dividend-safety

1.98%

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

dividend-safety

0.63%

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

INSTITUTIONAL METRIC	PKG	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	21.00%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	10.90%	32.30%	-21.40	V	/roic <GO>
EV/EBITDA & P/E Valuation	14.4x	28.9x	-14.50	PKG	/valuation <GO>
Free Cash Flow Yield	3.21%	2.90%	+0.31	PKG	/fcf-yield <GO>
Operating Margin	12.30%	60.00%	-47.70	V	/operating-margins <GO>
Net Profit Margin	8.60%	50.10%	-41.50	V	/net-margins <GO>
Revenue Growth (YoY)	7.20%	11.30%	-4.10	V	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety ACTIVE	1.98%	0.63%	+1.35	PKG	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	4.58	9.09	-4.51	V	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	9/9	-2.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	65.7	65.6	+0.10	PKG	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.94	1.06	-0.12	V	/macro-sensitivity <GO>
Forward P/E Multiple	27.2x	34.0x	-6.80	PKG	/forward-pe <GO>
Enterprise Scale & Market Cap	$22.68B	$733.53B	-$710.86B	V	/market-cap <GO>

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

FISCAL YEAR	PKG REV	V REV	PKG GROSS %	V GROSS %	PKG FCF	V FCF
FY 2025	$8.99B	$40.00B	21.0%	—	$728.6M	$21.26B
FY 2024	$8.38B	$35.93B	21.3%	—	$521.5M	$18.33B
FY 2023	$7.80B	$32.65B	—	—	$964.0M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

PKG // BETA 0.94

V // BETA 1.06