COMP <GO>

WIT vs TSM // NET PROFIT MARGIN

Wipro Limited (NYSE) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: WIT 3 — TSM 2

■ METRIC PARITY

LAST: $2.16 (+2.37%) • MKT CAP: $20.90B

net-margins

16.40%

LAST: $406.13 (-5.95%) • MKT CAP: $2.24T

net-margins

16.40%

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

INSTITUTIONAL METRIC	WIT	TSM	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	62.00%	62.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	14.90%	14.90%	0.00	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	14.9x	14.9x	0.00	TIE	/valuation <GO>
Free Cash Flow Yield	3.99%	3.99%	0.00	TIE	/fcf-yield <GO>
Operating Margin	21.10%	21.10%	0.00	TIE	/operating-margins <GO>
Net Profit Margin ACTIVE	16.40%	16.40%	0.00	TIE	/net-margins <GO>
Revenue Growth (YoY)	5.50%	-3.30%	+8.80	WIT	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.87	3.87	0.00	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	7/9	+1.00	WIT	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	8.30%	8.30%	0.00	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	69.8	38.3	+31.43	WIT	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.40	1.42	-0.02	TSM	/macro-sensitivity <GO>
Forward P/E Multiple	20.2x	20.2x	0.00	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$20.90B	$2.24T	-$2.22T	TSM	/market-cap <GO>

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

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

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

WIT // BETA 1.40

TSM // BETA 1.42