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SND vs ABAT // EV/EBITDA & P/E VALUATION

Smart Sand Inc. (NASDAQ) VS. American Battery Technology Company (NASDAQ) • 15-METRIC TALLY: SND 8 — ABAT 3
■ METRIC PARITY
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SND VS. ABAT) EMERALD CELL = QUANTITATIVE EDGE
INSTITUTIONAL METRIC SND ABAT SPREAD (A - B) ADVANTAGE DEDICATED URL
Gross Profit Margin 11.50% -30.00% +41.50 SND /gross-margins <GO>
Return on Invested Capital (ROIC) -1.60% -35.00% +33.40 SND /roic <GO>
EV/EBITDA & P/E Valuation ACTIVE — — — TIE /valuation <GO>
Free Cash Flow Yield 15.69% -13.00% +28.69 SND /fcf-yield <GO>
Operating Margin -1.40% -60.00% +58.60 SND /operating-margins <GO>
Net Profit Margin 0.40% -60.00% +60.40 SND /net-margins <GO>
Revenue Growth (YoY) 6.00% 180.00% -174.00 ABAT /revenue-growth <GO>
Dividend Yield & FCF Payout Safety 2.87% 0.00% +2.87 SND /dividend-safety <GO>
Altman Z-Score & Debt/Equity 2.58 26.00 -23.42 ABAT /balance-sheet <GO>
Piotroski F-Score Quality 7/9 4/9 +3.00 SND /piotroski-score <GO>
Options Implied Move & Put/Call Skew — — — TIE /options-implied-move <GO>
RSI-14 & 200D SMA Momentum 40.8 33.3 +7.45 SND /rsi-technicals <GO>
10Y Yield & FRED Macro Beta — — — TIE /macro-sensitivity <GO>
Forward P/E Multiple 140.0x — — TIE /forward-pe <GO>
Enterprise Scale & Market Cap $207.3M $222.4M -$15.1M ABAT /market-cap <GO>
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
FISCAL YEAR SND REV ABAT REV SND GROSS % ABAT GROSS % SND FCF ABAT FCF
FY 2025 $330.2M $4.3M 11.5% -50.0% $32.5M -$28.9M
FY 2024 $311.4M $343.5K 14.4% -50.0% $10.9M -$16.7M
FY 2023 $296.0M $0 — — $31.0M -$13.4M
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
SND // BETA —
ABAT // BETA —