COMP <GO>
SLM vs IOND // EV/EBITDA & P/E VALUATION
SLM Corporation (NASDAQ) VS. Ionic Digital Inc. (Class A) (NASDAQ) • 15-METRIC TALLY: SLM 2
— IOND 1
■ METRIC PARITY
LAST: $18.25 (+2.99%) • MKT CAP: $3.34B
valuation
11.2x
LAST: $69.30 (+0.06%) • MKT CAP: $3.12B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SLM VS. IOND)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | SLM | IOND | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 7.40% | — | — | TIE | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 11.2x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -13.21% | — | — | TIE | /fcf-yield <GO> |
| Operating Margin | 75.00% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | 68.00% | — | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | 23.10% | — | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 3.23% | 0.00% | +3.23 | SLM | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | — | — | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 29.1 | 40.3 | -11.18 | IOND | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.06 | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 4.2x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $3.34B | $3.12B | $218.3M | SLM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | SLM REV | IOND REV | SLM GROSS % | IOND GROSS % | SLM FCF | IOND FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $0 | $0 | — | — | -$398.6M | — |
| FY 2024 | $0 | — | — | — | -$329.4M | — |
| FY 2023 | $0 | — | — | — | -$144.6M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
SLM // BETA 1.06
IOND // BETA —