COMP <GO>

TD vs HSBC // RETURN ON INVESTED CAPITAL (ROIC)

Toronto Dominion Bank (The) (NYSE) VS. HSBC Holdings plc. (NYSE) • 15-METRIC TALLY: TD 2 — HSBC 3

■ METRIC PARITY

LAST: $124.50 (-2.14%) • MKT CAP: $207.77B

roic

9.90%

LAST: $85.42 (-1.36%) • MKT CAP: $297.33B

roic

9.90%

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

INSTITUTIONAL METRIC	TD	HSBC	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC) ACTIVE	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)	20.90%	23.10%	-2.20	HSBC	/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	8/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	7.30%	6.60%	+0.70	HSBC	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	58.6	25.0	+33.63	TD	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.12	0.92	+0.20	TD	/macro-sensitivity <GO>
Forward P/E Multiple	27.6x	27.6x	0.00	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$207.77B	$297.33B	-$89.56B	HSBC	/market-cap <GO>

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

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

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

TD // BETA 1.12

HSBC // BETA 0.92