COMP <GO>

ZNB vs EDU // RETURN ON INVESTED CAPITAL (ROIC)

Zeta Network Group (Class A) (NASDAQ) VS. New Oriental Education & Technology Group Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) (NYSE) • 15-METRIC TALLY: ZNB 2 — EDU 6

■ METRIC PARITY

ZNB — Zeta Network Group (Class A) ROARABLE E • RQD 32/100

LAST: $0.51 (-1.87%) • MKT CAP: $2.6M

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

roic

—

EDU — New Oriental Education & Technology Group Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) ROARABLE B- • RQD 70/100

LAST: $49.09 (-3.21%) • MKT CAP: $7.61B

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

roic

21.30%

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

INSTITUTIONAL METRIC	ZNB	EDU	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	-2.90%	54.60%	-57.50	EDU	/gross-margins <GO>
Return on Invested Capital (ROIC) ACTIVE	—	21.30%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	9.3x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	10.25%	—	TIE	/fcf-yield <GO>
Operating Margin	-52.20%	11.40%	-63.60	EDU	/operating-margins <GO>
Net Profit Margin	-60.00%	8.40%	-68.40	EDU	/net-margins <GO>
Revenue Growth (YoY)	180.00%	15.50%	+164.50	ZNB	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	1.27%	-1.27	EDU	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	4.92	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	2/9	9/9	-7.00	EDU	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	29.5	26.9	+2.60	ZNB	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	0.96	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	13.4x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$2.6M	$7.61B	-$7.61B	EDU	/market-cap <GO>

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

FISCAL YEAR	ZNB REV	EDU REV	ZNB GROSS %	EDU GROSS %	ZNB FCF	EDU FCF
FY 2025	$8.7M	$5.66B	-2.9%	54.6%	-$11.7M	$780.2M
FY 2024	$107.8K	$4.90B	87.0%	55.4%	-$2.8M	$654.7M
FY 2023	$0	$4.31B	—	—	-$7.9M	$928.5M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ZNB // BETA —

EDU // BETA 0.96