COMP <GO>
REAL vs RERE // EV/EBITDA & P/E VALUATION
The RealReal Inc. (NASDAQ) VS. ATRenew Inc. (every three of which representing two ) (Class A) (NYSE) • 15-METRIC TALLY: REAL 4
— RERE 1
■ METRIC PARITY
LAST: $11.35 (+2.62%) • MKT CAP: $1.38B
valuation
—
LAST: $4.12 (+4.04%) • MKT CAP: $903.4M
valuation
8.3x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (REAL VS. RERE)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | REAL | RERE | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 74.60% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -27.40% | 14.70% | -42.10 | RERE | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 8.3x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 1.33% | -8.85% | +10.18 | REAL | /fcf-yield <GO> |
| Operating Margin | -3.50% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | 68.00% | — | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | 15.40% | — | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 0.20 | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | 3/9 | +2.00 | REAL | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 72.0 | 49.1 | +22.91 | REAL | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 17.5x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $1.38B | $903.4M | $477.6M | REAL | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | REAL REV | RERE REV | REAL GROSS % | RERE GROSS % | REAL FCF | RERE FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $692.8M | $0 | 74.6% | — | $18.4M | -$79.9M |
| FY 2024 | $600.5M | $0 | 74.5% | — | $12.6M | $79.9M |
| FY 2023 | $549.3M | $0 | — | — | -$61.3M | $34.4M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
REAL // BETA —
RERE // BETA —