COMP <GO>

TX vs CMC // EV/EBITDA & P/E VALUATION

Ternium S.A. Ternium S.A. (each representing ten shares USD1.00 par value) (NYSE) VS. Commercial Metals Company (NYSE) • 15-METRIC TALLY: TX 1 — CMC 2

■ METRIC PARITY

TX — Ternium S.A. Ternium S.A. (each representing ten shares USD1.00 par value) ROARABLE D+ • RQD 53/100

LAST: $52.77 (-2.39%) • MKT CAP: $10.36B

DES <GO> FA <GO> 10-K RED <GO>

valuation

—

CMC — Commercial Metals Company ROARABLE D • RQD 46/100

LAST: $63.98 (-2.62%) • MKT CAP: $7.04B

DES <GO> FA <GO> 10-K RED <GO>

valuation

18.4x

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

INSTITUTIONAL METRIC	TX	CMC	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	1.50%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	18.4x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	4.32%	—	TIE	/fcf-yield <GO>
Operating Margin	—	5.10%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	4.20%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	0.00%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	1.13%	-1.13	CMC	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	2.40	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	6/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	39.4	47.3	-7.90	CMC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	0.95	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	79.3x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$10.36B	$7.04B	$3.32B	TX	/market-cap <GO>

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

FISCAL YEAR	TX REV	CMC REV	TX GROSS %	CMC GROSS %	TX FCF	CMC FCF
FY 2025	—	$0	—	—	—	$312.2M
FY 2024	—	$0	—	—	—	$575.4M
FY 2023	—	$0	—	—	—	$1.34B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

TX // BETA —

CMC // BETA 0.95