COMP <GO>

VLRS vs V // EV/EBITDA & P/E VALUATION

Controladora Vuela Compania de Aviacion S.A.B. de C.V. each representing ten (10) Ordinary Participation Certificates (NYSE) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: VLRS 0 — V 3

■ METRIC PARITY

VLRS — Controladora Vuela Compania de Aviacion S.A.B. de C.V. each representing ten (10) Ordinary Participation Certificates ROARABLE C • RQD 62/100

LAST: $6.20 (+1.64%) • MKT CAP: $720.4M

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

valuation

—

V — Visa Inc. ROARABLE A • RQD 86/100

LAST: $410.54 (+2.48%) • MKT CAP: $733.53B

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

valuation

28.9x

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

INSTITUTIONAL METRIC	VLRS	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	32.30%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	28.9x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	2.90%	—	TIE	/fcf-yield <GO>
Operating Margin	—	60.00%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	50.10%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	11.30%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.63%	-0.63	V	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	9.09	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	9/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	57.7	65.6	-7.86	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	1.06	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	34.0x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$720.4M	$733.53B	-$732.81B	V	/market-cap <GO>

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

FISCAL YEAR	VLRS REV	V REV	VLRS GROSS %	V GROSS %	VLRS FCF	V FCF
FY 2025	—	$40.00B	—	—	—	$21.26B
FY 2024	—	$35.93B	—	—	—	$18.33B
FY 2023	—	$32.65B	—	—	—	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

VLRS // BETA —

V // BETA 1.06