| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| UI | NTCT | CALX | AUDC | SMOP.F | | CSCO34 | |
| NYSE:UI | NasdaqGS:NTCT | NYSE:CALX | NasdaqGS:AUDC | OTCPK:SMOP.F | | BOVESPA:CSCO34 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 10.7% | -1.6% | 14.4% | 3.9% | 16.1% | | 0.7% | |
| 3Y CAGR | 0.5% | -1.3% | 7.0% | -0.9% | 6.5% | | 2.6% | |
| Latest Twelve Months | 21.4% | -0.8% | -18.7% | -1.1% | 0.1% | | 0.5% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 31.1% | 6.6% | 4.6% | 11.7% | 11.1% | | 26.5% | |
| Prior Fiscal Year | 28.1% | 7.1% | 2.5% | 5.9% | 15.3% | | 27.3% | |
| Latest Fiscal Year | 25.9% | 9.7% | -5.2% | 7.1% | 5.9% | | 24.3% | |
| Latest Twelve Months | 30.7% | 9.7% | -5.7% | 7.2% | 5.9% | | 21.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 10.34x | 1.43x | 3.34x | 0.73x | 2.82x | | 4.75x | |
| EV / LTM EBIT | 33.7x | 14.8x | -58.5x | 10.1x | 47.7x | | 21.9x | |
| Price / LTM Sales | 10.24x | 1.98x | 3.67x | 1.09x | 2.98x | | 4.49x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.73x | 2.82x | 10.34x | | | | | |
| Historical EV / LTM Revenue | 3.46x | 3.70x | 4.55x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.56x | 3.74x | 3.93x | | | | | |
| (x) LTM Revenue | 55,623 | 55,623 | 55,623 | | | | | |
| (=) Implied Enterprise Value | 197,751 | 208,159 | 218,567 | | | | | |
| (-) Non-shareholder Claims * | (12,353) | (12,353) | (12,353) | | | | | |
| (=) Equity Value | 185,398 | 195,806 | 206,214 | | | | | |
| (/) Shares Outstanding | 19,893.0 | 19,893.0 | 19,893.0 | | | | | |
| Implied Value Range | 9.32 | 9.84 | 10.37 | | | | | |
| FX Rate: USD/BRL | 0.2 | 0.2 | 0.2 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 52.83 | 55.79 | 58.76 | | 71.90 | | | |
| Upside / (Downside) | -26.5% | -22.4% | -18.3% | | | | | |