COMP <GO>

TKC vs LUMN // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Turkcell Iletisim Hizmetleri AS (NYSE) VS. Lumen Technologies Inc. (NASDAQ) • 15-METRIC TALLY: TKC 0 — LUMN 3

■ METRIC PARITY

LAST: $4.62 (+0.87%) • MKT CAP: $4.03B

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LAST: $4.83 (-1.02%) • MKT CAP: $5.03B

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

INSTITUTIONAL METRIC	TKC	LUMN	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	41.40%	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	-13.40%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	22.00%	—	TIE	/fcf-yield <GO>
Operating Margin	—	-7.20%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	-15.30%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	-6.60%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.02%	-0.02	LUMN	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	0.45	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	6/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	32.5	44.7	-12.20	LUMN	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	1.04	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	18.0x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$4.03B	$5.03B	-$1.00B	LUMN	/market-cap <GO>

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

FISCAL YEAR	TKC REV	LUMN REV	TKC GROSS %	LUMN GROSS %	TKC FCF	LUMN FCF
FY 2025	—	$11.33B	—	41.4%	—	$4.23B
FY 2024	—	$12.13B	—	44.7%	—	$3.79B
FY 2023	—	$13.52B	—	—	—	$1.55B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

TKC // BETA —

LUMN // BETA 1.04