COMP <GO>

WOLF vs SHLS // EV/EBITDA & P/E VALUATION

Wolfspeed Inc. (NYSE) VS. Shoals Technologies Group Inc. (Class A) (NASDAQ) • 15-METRIC TALLY: WOLF 1 — SHLS 3

■ METRIC PARITY

LAST: $24.95 (-6.34%) • MKT CAP: $1.32B

valuation

—

LAST: $7.55 (-0.13%) • MKT CAP: $1.27B

valuation

15.0x

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

INSTITUTIONAL METRIC	WOLF	SHLS	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	35.00%	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	0.70%	7.50%	-6.80	SHLS	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	15.0x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	-1.26%	—	TIE	/fcf-yield <GO>
Operating Margin	—	11.90%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	7.10%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	19.10%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	3.62	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	3/9	6/9	-3.00	SHLS	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	39.6	41.2	-1.60	SHLS	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	31.8x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.32B	$1.27B	$50.0M	WOLF	/market-cap <GO>

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

FISCAL YEAR	WOLF REV	SHLS REV	WOLF GROSS %	SHLS GROSS %	WOLF FCF	SHLS FCF
FY 2025	$0	$475.3M	—	35.0%	—	-$16.0M
FY 2024	$757.6M	$399.2M	-16.1%	35.6%	-$1.98B	$72.0M
FY 2023	—	$488.9M	—	—	—	$92.0M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

WOLF // BETA —

SHLS // BETA —