| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| CSPK.F | SKAS | SKYH | ICTS.F | SGLY | | CAAP | |
| OTCPK:CSPK.F | OTCPK:SKAS | NYSE:SKYH | OTCPK:ICTS.F | NasdaqCM:SGLY | | BASE:CAAP | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 7.9% | -4.5% | NM- | 4.6% | -40.4% | | 3.4% | |
| 3Y CAGR | 7.5% | 56.3% | 110.7% | 20.2% | -15.2% | | 37.6% | |
| Latest Twelve Months | 6.4% | 3.8% | 94.9% | 23.4% | -38.8% | | 31.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 16.5% | 4.4% | -543.1% | 4.4% | -309.0% | | 8.7% | |
| Prior Fiscal Year | 18.5% | 42.1% | -224.3% | -1.1% | -317.6% | | 29.7% | |
| Latest Fiscal Year | 15.6% | 28.7% | -138.3% | 2.5% | -186.5% | | 23.4% | |
| Latest Twelve Months | 16.1% | 28.7% | -138.3% | 1.6% | -177.2% | | 23.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.90x | -0.08x | 48.18x | 0.34x | -5.77x | | 2.21x | |
| EV / LTM EBIT | 5.6x | -0.3x | -34.8x | 22.2x | 3.3x | | 9.4x | |
| Price / LTM Sales | 1.31x | 0.89x | 26.69x | 0.29x | 2.22x | | 1.83x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | -5.77x | 0.34x | 48.18x | | | | | |
| Historical EV / LTM Revenue | 2.11x | 2.17x | 3.66x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.79x | 1.89x | 1.98x | | | | | |
| (x) LTM Revenue | 1,843 | 1,843 | 1,843 | | | | | |
| (=) Implied Enterprise Value | 3,308 | 3,482 | 3,656 | | | | | |
| (-) Non-shareholder Claims * | (691) | (691) | (691) | | | | | |
| (=) Equity Value | 2,617 | 2,791 | 2,965 | | | | | |
| (/) Shares Outstanding | 31.5 | 31.5 | 31.5 | | | | | |
| Implied Value Range | 83.04 | 88.57 | 94.09 | | | | | |
| FX Rate: USD/ARS | 0.0 | 0.0 | 0.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 93,633.19 | 99,862.55 | 106,091.91 | | 96,300.00 | | | |
| Upside / (Downside) | -2.8% | 3.7% | 10.2% | | | | | |