| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| T5Z | OYS | FVJ | 7RY | CMS | | MTSE | |
| DB:T5Z | DB:OYS | DB:FVJ | DB:7RY | DB:CMS | | BATS-CHIXE:MTSE | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 11.6% | 4.2% | 12.8% | 0.4% | 6.3% | | -2.4% | |
| 3Y CAGR | 3.1% | -5.7% | -6.5% | -6.8% | 5.6% | | -6.6% | |
| Latest Twelve Months | 0.2% | -10.0% | -11.9% | -10.0% | -7.9% | | -8.5% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 18.3% | 3.8% | 53.3% | 5.0% | 10.8% | | 9.8% | |
| Prior Fiscal Year | 21.2% | 3.9% | 47.5% | 4.5% | 13.3% | | 4.6% | |
| Latest Fiscal Year | 6.8% | 2.5% | 46.8% | 0.8% | 8.8% | | 5.5% | |
| Latest Twelve Months | 6.8% | 2.5% | 36.3% | 0.8% | 6.6% | | 5.5% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.45x | 0.34x | 1.97x | 0.34x | 0.70x | | 0.30x | |
| EV / LTM EBIT | 6.6x | 13.6x | 5.4x | 45.4x | 10.7x | | 5.4x | |
| Price / LTM Sales | 0.32x | 0.18x | 1.87x | 0.16x | 0.65x | | 0.36x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.34x | 0.45x | 1.97x | | | | | |
| Historical EV / LTM Revenue | 0.20x | 0.30x | 0.49x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.33x | 0.34x | 0.36x | | | | | |
| (x) LTM Revenue | 62,441 | 62,441 | 62,441 | | | | | |
| (=) Implied Enterprise Value | 20,396 | 21,469 | 22,543 | | | | | |
| (-) Non-shareholder Claims * | 4,493 | 4,493 | 4,493 | | | | | |
| (=) Equity Value | 24,889 | 25,962 | 27,036 | | | | | |
| (/) Shares Outstanding | 880.4 | 880.4 | 880.4 | | | | | |
| Implied Value Range | 28.27 | 29.49 | 30.71 | | | | | |
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 24.84 | 25.91 | 26.98 | | 26.59 | | | |
| Upside / (Downside) | -6.6% | -2.6% | 1.5% | | | | | |