COMP <GO>
PAYP vs HQY // EV/EBITDA & P/E VALUATION
PayPay Corporation American Depository Shares (NASDAQ) VS. HealthEquity Inc. (NASDAQ) • 15-METRIC TALLY: PAYP 1
— HQY 1
■ METRIC PARITY
LAST: $14.03 (-3.44%) • MKT CAP: $9.50B
valuation
—
LAST: $102.47 (+1.10%) • MKT CAP: $8.48B
valuation
27.8x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (PAYP VS. HQY)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | PAYP | HQY | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | 69.50% | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | — | 9.30% | — | TIE | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 27.8x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | — | 5.43% | — | TIE | /fcf-yield <GO> |
| Operating Margin | — | 24.60% | — | TIE | /operating-margins <GO> |
| Net Profit Margin | — | 16.40% | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | — | 9.50% | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | 4.86 | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | — | 9/9 | — | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 35.0 | 64.8 | -29.80 | HQY | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 0.96 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 36.3x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $9.50B | $8.48B | $1.02B | PAYP | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | PAYP REV | HQY REV | PAYP GROSS % | HQY GROSS % | PAYP FCF | HQY FCF |
|---|---|---|---|---|---|---|
| FY 2025 | — | $1.31B | — | 69.5% | — | $455.1M |
| FY 2024 | — | $1.20B | — | 64.8% | — | $337.8M |
| FY 2023 | — | $999.6M | — | — | — | $197.8M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
PAYP // BETA —
HQY // BETA 0.96