COMP <GO>

HNRG vs EDN // EV/EBITDA & P/E VALUATION

Hallador Energy Company (NASDAQ) VS. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE) • 15-METRIC TALLY: HNRG 1 — EDN 1

■ METRIC PARITY

LAST: $10.60 (-5.53%) • MKT CAP: $528.9M

valuation

4.8x

LAST: $15.16 (-3.01%) • MKT CAP: $707.1M

valuation

—

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

INSTITUTIONAL METRIC	HNRG	EDN	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	26.90%	—	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	4.8x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	2.16%	—	—	TIE	/fcf-yield <GO>
Operating Margin	13.00%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	8.90%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	16.20%	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	2.75	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	—	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	37.8	25.3	+12.50	HNRG	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	11.1x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$528.9M	$707.1M	-$178.2M	EDN	/market-cap <GO>

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

FISCAL YEAR	HNRG REV	EDN REV	HNRG GROSS %	EDN GROSS %	HNRG FCF	EDN FCF
FY 2025	$469.5M	—	—	—	$11.9M	—
FY 2024	$404.2M	—	—	—	$12.6M	—
FY 2023	$634.9M	—	—	—	$59.4M	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

HNRG // BETA —

EDN // BETA —