COMP <GO>

SUZ vs RIO // FORWARD P/E MULTIPLE

Suzano S.A. American (NYSE) VS. Rio Tinto Plc (NYSE) • 15-METRIC TALLY: SUZ 5 — RIO 1

▲ FORWARD P/E MULTIPLE LEADER: SUZ

LAST: $9.24 (+0.11%) • MKT CAP: $11.67B

forward-pe

27.6x

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

forward-pe

30.5x

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

INSTITUTIONAL METRIC	SUZ	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)	16.50%	1.10%	+15.40	SUZ	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.74	3.74	0.00	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	7/9	+1.00	SUZ	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	7.00%	7.00%	0.00	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	68.2	25.2	+42.96	SUZ	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.04	1.02	+0.02	SUZ	/macro-sensitivity <GO>
Forward P/E Multiple ACTIVE	27.6x	30.5x	-2.90	SUZ	/forward-pe <GO>
Enterprise Scale & Market Cap	$11.67B	$104.57B	-$92.90B	RIO	/market-cap <GO>

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

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

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

SUZ // BETA 1.04

RIO // BETA 1.02