| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| UPP | RAPCO | DEYAAR | MANAZEL | ALDAR | | RAKPROP | |
| DFM:UPP | ADX:RAPCO | DFM:DEYAAR | ADX:MANAZEL | ADX:ALDAR | | ADX:RAKPROP | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 11.4% | 19.8% | 20.2% | -32.2% | 26.3% | | 48.5% | |
| 3Y CAGR | 9.9% | NM- | 44.9% | 7.4% | 38.9% | | 39.7% | |
| Latest Twelve Months | 4.1% | 392.3% | 20.6% | -61.1% | 62.4% | | 39.9% | |
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| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -77.7% | 135.9% | 14.7% | -26.5% | 24.9% | | 28.1% | |
| Prior Fiscal Year | -73.0% | 80.4% | 20.1% | -38.7% | 26.5% | | 23.0% | |
| Latest Fiscal Year | -2.8% | 93.8% | 23.3% | 4.6% | 25.7% | | 21.2% | |
| Latest Twelve Months | -2.8% | 93.8% | 23.3% | 4.6% | 25.7% | | 21.2% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 5.36x | 0.70x | 0.82x | 16.81x | 3.19x | | 3.32x | |
| EV / LTM EBIT | -192.5x | 0.7x | 3.5x | 368.0x | 12.4x | | 15.6x | |
| Price / LTM Sales | 4.54x | 2.48x | 2.63x | 6.46x | 2.88x | | 2.82x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.70x | 3.19x | 16.81x | | | | | |
| Historical EV / LTM Revenue | 3.32x | 4.61x | 6.25x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.54x | 3.73x | 3.91x | | | | | |
| (x) LTM Revenue | 1,406 | 1,406 | 1,406 | | | | | |
| (=) Implied Enterprise Value | 4,980 | 5,242 | 5,504 | | | | | |
| (-) Non-shareholder Claims * | (704) | (704) | (704) | | | | | |
| (=) Equity Value | 4,276 | 4,538 | 4,800 | | | | | |
| (/) Shares Outstanding | 2,958.9 | 2,958.9 | 2,958.9 | | | | | |
| Implied Value Range | 1.45 | 1.53 | 1.62 | | | | | |
| FX Rate: AED/AED | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1.45 | 1.53 | 1.62 | | 1.33 | | | |
| Upside / (Downside) | 8.7% | 15.3% | 22.0% | | | | | |