COMP <GO>

SHAK vs V // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Shake Shack Inc. (NYSE) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: SHAK 3 — V 10

▲ OPTIONS IMPLIED MOVE & PUT/CALL SKEW LEADER: SHAK

LAST: $70.48 (-0.04%) • MKT CAP: $3.02B

options-implied-move

6.50%

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

options-implied-move

7.10%

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

INSTITUTIONAL METRIC	SHAK	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	6.80%	32.30%	-25.50	V	/roic <GO>
EV/EBITDA & P/E Valuation	15.8x	28.9x	-13.10	SHAK	/valuation <GO>
Free Cash Flow Yield	1.87%	2.90%	-1.03	V	/fcf-yield <GO>
Operating Margin	4.30%	60.00%	-55.70	V	/operating-margins <GO>
Net Profit Margin	3.40%	50.10%	-46.70	V	/net-margins <GO>
Revenue Growth (YoY)	15.40%	11.30%	+4.10	SHAK	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.63%	-0.63	V	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	2.39	9.09	-6.70	V	/balance-sheet <GO>
Piotroski F-Score Quality	9/9	9/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	6.50%	7.10%	-0.60	SHAK	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	60.1	69.4	-9.30	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.87	1.06	-0.19	V	/macro-sensitivity <GO>
Forward P/E Multiple	51.0x	34.0x	+17.00	V	/forward-pe <GO>
Enterprise Scale & Market Cap	$3.02B	$733.53B	-$730.52B	V	/market-cap <GO>

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

FISCAL YEAR	SHAK REV	V REV	SHAK GROSS %	V GROSS %	SHAK FCF	V FCF
FY 2025	$1.45B	$40.00B	44.0%	44.0%	$56.5M	$21.26B
FY 2024	$1.25B	$35.93B	44.0%	44.0%	$35.7M	$18.33B
FY 2023	$1.09B	$32.65B	44.0%	44.0%	$83.2M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

SHAK // BETA 0.87

V // BETA 1.06