COMP <GO>

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

Tapestry Inc. (NYSE) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: TPR 8 — V 7

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

LAST: $116.29 (-1.32%) • MKT CAP: $23.54B

options-implied-move

7.20%

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

options-implied-move

7.10%

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

INSTITUTIONAL METRIC	TPR	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	77.80%	41.00%	+36.80	TPR	/gross-margins <GO>
Return on Invested Capital (ROIC)	79.80%	32.30%	+47.50	TPR	/roic <GO>
EV/EBITDA & P/E Valuation	12.1x	28.9x	-16.80	TPR	/valuation <GO>
Free Cash Flow Yield	7.70%	2.90%	+4.80	TPR	/fcf-yield <GO>
Operating Margin	23.90%	60.00%	-36.10	V	/operating-margins <GO>
Net Profit Margin	19.10%	50.10%	-31.00	V	/net-margins <GO>
Revenue Growth (YoY)	14.20%	11.30%	+2.90	TPR	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	1.39%	0.63%	+0.76	TPR	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	4.05	9.09	-5.04	V	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	9/9	-1.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	7.20%	7.10%	+0.10	V	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	50.4	69.4	-19.03	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.10	1.06	+0.04	TPR	/macro-sensitivity <GO>
Forward P/E Multiple	12.9x	34.0x	-21.10	TPR	/forward-pe <GO>
Enterprise Scale & Market Cap	$23.54B	$733.53B	-$710.00B	V	/market-cap <GO>

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

FISCAL YEAR	TPR REV	V REV	TPR GROSS %	V GROSS %	TPR FCF	V FCF
FY 2025	$8.00B	$40.00B	77.8%	44.0%	$1.81B	$21.26B
FY 2024	$7.01B	$35.93B	75.4%	44.0%	$1.09B	$18.33B
FY 2023	$6.66B	$32.65B	44.0%	44.0%	$675.5M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

TPR // BETA 1.10

V // BETA 1.06