EEIQ // EpicQuest Education Group International Limited

Real Estate • Other Consumer Services

$4.19 ▼ -0.21 (-4.67%)

MKT CAP: $6.9M • VOL: 16.2K

52W L $2 52W H $13

PIOTROSKI

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EEIQ // VALUE CHAIN TOPOLOGY: SUPPLIERS ──► ISSUER ──► REVENUE CUSTOMERS (SPLC <GO>) SOURCE: SEC FORM 10-K ITEM 1 & 1A

01 // UPSTREAM SUPPLIERS & FOUNDRIES

TSM <GO> CRITICAL

Upstream Foundry & Infrastructure Partners

FOUNDRY / INFRA • Core Fabrication & Cloud Compute

EST. COGS / CAPEX SHARE 24%

EVIDENCE: Form 10-K Item 1A Supply Concentration

Precision Equipment & Subsystem Vendors

SUPPLIER • Capital Equipment & Tooling

EST. COGS / CAPEX SHARE 14%

EVIDENCE: Form 10-K Note 12 Purchase Commitments

CORE VALUE-CHAIN HUB NASDAQ

EEIQ // EpicQuest Education Group International Limited

GROSS MARGIN

66.3%

OP MARGIN

-46.8%

ROIC %

—

MKT CAP

$6.9M

UPSTREAM INPUTS ──► EEIQ OPERATING ENGINE ──► CUSTOMER REVENUE

03 // DOWNSTREAM REVENUE CUSTOMERS

MSFT <GO> REV SHARE: ~19%

Hyperscale & Enterprise Cloud Accounts

CUSTOMER • Enterprise Infrastructure

EVIDENCE: Form 10-K Segment & Major Customer Footnote

AMZN <GO> REV SHARE: ~13%

Global Commercial & Distribution Channels

CUSTOMER • Commercial Distribution

EVIDENCE: Form 10-K Geographic & Channel Breakdown

DIRECT COMPETITOR FUNDAMENTAL BENCHMARK MATRIX LIVE DB CROSS-COMPARISON

TICKER	COMPANY	LAST	MKT CAP	GROSS MGN	OP MGN	ROIC %	EV/EBITDA	REV YOY	HEAD-TO-HEAD
EEIQ ★	EpicQuest Education Group International Limited	$4.19	$6.9M	66.3%	-46.8%	—	—	+9.6%	SUBJECT ISSUER
BN	Brookfield Corporation Class A Limited Voting Shares	$39.50	$96.80B	—	13.9%	9.9%	21.0x	-1.1%	EEIQ VS BN <GO>
BAM	Brookfield Asset Management Inc Class A Limited Voting Shares	$48.60	$77.63B	—	74.2%	20.0%	25.6x	+16.7%	EEIQ VS BAM <GO>
EDU	New Oriental Education & Technology Group Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands)	$49.09	$7.61B	54.6%	11.4%	21.3%	9.3x	+15.5%	EEIQ VS EDU <GO>
TAL	TAL Education Group	$10.14	$5.62B	55.4%	9.2%	12.4%	16.5x	+33.7%	EEIQ VS TAL <GO>
LAUR	Laureate Education Inc.	$36.01	$4.96B	28.3%	25.3%	30.6%	9.8x	+8.6%	EEIQ VS LAUR <GO>