COMP <GO>

SBSW vs RIO // ALTMAN Z-SCORE & DEBT/EQUITY

D/B/A Sibanye-Stillwater Limited ADS (NYSE) VS. Rio Tinto Plc (NYSE) • 15-METRIC TALLY: SBSW 4 — RIO 2

■ METRIC PARITY

LAST: $8.59 (-7.03%) • MKT CAP: $6.54B

balance-sheet

3.74

LAST: $81.89 (-1.63%) • MKT CAP: $104.57B

balance-sheet

3.74

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

INSTITUTIONAL METRIC	SBSW	RIO	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.90%	9.90%	0.00	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	21.0x	21.0x	0.00	TIE	/valuation <GO>
Free Cash Flow Yield	2.21%	2.21%	0.00	TIE	/fcf-yield <GO>
Operating Margin	13.90%	13.90%	0.00	TIE	/operating-margins <GO>
Net Profit Margin	10.90%	10.90%	0.00	TIE	/net-margins <GO>
Revenue Growth (YoY)	11.00%	1.10%	+9.90	SBSW	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity ACTIVE	3.74	3.74	0.00	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	7/9	+1.00	SBSW	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.50%	7.00%	-0.50	SBSW	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	29.0	25.2	+3.82	SBSW	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.89	1.02	-0.13	RIO	/macro-sensitivity <GO>
Forward P/E Multiple	30.5x	30.5x	0.00	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$6.54B	$104.57B	-$98.03B	RIO	/market-cap <GO>

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

FISCAL YEAR	SBSW REV	RIO REV	SBSW GROSS %	RIO GROSS %	SBSW FCF	RIO FCF
INSPECT INDIVIDUAL XBRL MODELS AT SBSW FA <GO> AND RIO FA <GO>.

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

SBSW // BETA 0.89

RIO // BETA 1.02