COMP <GO>

ATHR vs TSM // 10Y YIELD & FRED MACRO BETA

Aether Holdings Inc. (NASDAQ) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: ATHR 0 — TSM 7

■ METRIC PARITY

LAST: $2.65 (0.00%) • MKT CAP: $32.4M

macro-sensitivity

—

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

macro-sensitivity

1.42

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

INSTITUTIONAL METRIC	ATHR	TSM	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	70.80%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-35.00%	14.90%	-49.90	TSM	/roic <GO>
EV/EBITDA & P/E Valuation	—	14.9x	—	TIE	/valuation <GO>
Free Cash Flow Yield	-11.01%	3.99%	-15.00	TSM	/fcf-yield <GO>
Operating Margin	—	21.10%	—	TIE	/operating-margins <GO>
Net Profit Margin	-60.00%	16.40%	-76.40	TSM	/net-margins <GO>
Revenue Growth (YoY)	-4.10%	-3.30%	-0.80	TSM	/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	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	2/9	7/9	-5.00	TSM	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	40.3	49.4	-9.10	TSM	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta ACTIVE	—	1.42	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	20.2x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$32.4M	$2.24T	-$2.24T	TSM	/market-cap <GO>

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

FISCAL YEAR	ATHR REV	TSM REV	ATHR GROSS %	TSM GROSS %	ATHR FCF	TSM FCF
FY 2025	$1.4M	—	70.8%	—	-$3.6M	—
FY 2024	$1.4M	—	69.1%	—	-$688.7K	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ATHR // BETA —

TSM // BETA 1.42