COMP <GO>
REAL vs SBH // EV/EBITDA & P/E VALUATION
The RealReal Inc. (NASDAQ) VS. Sally Beauty Holdings Inc. (Name to be changed from Sally Holdings Inc.) (NYSE) • 15-METRIC TALLY: REAL 4
— SBH 6
■ METRIC PARITY
LAST: $11.35 (+2.62%) • MKT CAP: $1.38B
valuation
—
SBH — Sally Beauty Holdings Inc. (Name to be changed from Sally Holdings Inc.)
ROARABLE B+ • RQD 79/100
LAST: $18.23 (+4.71%) • MKT CAP: $1.71B
valuation
3.7x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (REAL VS. SBH)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | REAL | SBH | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 74.60% | 51.60% | +23.00 | REAL | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -27.40% | 38.90% | -66.30 | SBH | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 3.7x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 1.33% | 10.12% | -8.79 | SBH | /fcf-yield <GO> |
| Operating Margin | -3.50% | 8.90% | -12.40 | SBH | /operating-margins <GO> |
| Net Profit Margin | 68.00% | 5.30% | +62.70 | REAL | /net-margins <GO> |
| Revenue Growth (YoY) | 15.40% | -0.40% | +15.80 | REAL | /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 | 2.95 | -2.75 | SBH | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | 7/9 | -2.00 | SBH | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 72.0 | 63.8 | +8.22 | REAL | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 8.1x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $1.38B | $1.71B | -$325.8M | SBH | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | REAL REV | SBH REV | REAL GROSS % | SBH GROSS % | REAL FCF | SBH FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $692.8M | $3.70B | 74.6% | 51.6% | $18.4M | $172.7M |
| FY 2024 | $600.5M | $3.72B | 74.5% | 50.9% | $12.6M | $145.4M |
| FY 2023 | $549.3M | $3.73B | — | — | -$61.3M | $249.3M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
REAL // BETA —
SBH // BETA —