| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| EOS | N30 | HYSG | IVDA | NSY | | CODE | |
| ENXTPA:EOS | DB:N30 | ENXTBR:HYSG | NasdaqCM:IVDA | DB:NSY | | BVB:CODE | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -1.7% | 225.9% | 22.8% | 10.6% | 11.7% | | NM- | |
| 3Y CAGR | 0.2% | 27.4% | 2.0% | 46.4% | 12.5% | | 16.8% | |
| Latest Twelve Months | -10.3% | -28.0% | 2.2% | 54.1% | 12.6% | | -6.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -1.1% | -238.8% | 3.7% | -94.1% | 16.3% | | 1.5% | |
| Prior Fiscal Year | 4.6% | -117.4% | -2.4% | -62.2% | 18.1% | | -14.0% | |
| Latest Fiscal Year | -4.9% | -143.5% | 6.3% | -67.6% | 20.0% | | 8.5% | |
| Latest Twelve Months | -4.9% | -151.1% | 6.1% | -50.0% | 20.6% | | 9.0% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.48x | 5.77x | 2.29x | 0.52x | 3.09x | | 0.60x | |
| EV / LTM EBIT | -9.9x | -3.8x | 37.9x | -1.0x | 15.0x | | 6.7x | |
| Price / LTM Sales | 0.30x | 3.85x | 2.40x | 0.71x | 3.51x | | 0.64x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.48x | 2.29x | 5.77x | | | | | |
| Historical EV / LTM Revenue | 1.26x | 1.26x | 1.26x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.98x | 1.04x | 1.09x | | | | | |
| (x) LTM Revenue | 29 | 29 | 29 | | | | | |
| (=) Implied Enterprise Value | 28 | 30 | 31 | | | | | |
| (-) Non-shareholder Claims * | 1 | 1 | 1 | | | | | |
| (=) Equity Value | 29 | 31 | 32 | | | | | |
| (/) Shares Outstanding | 21.0 | 21.0 | 21.0 | | | | | |
| Implied Value Range | 1.40 | 1.47 | 1.54 | | | | | |
| FX Rate: RON/RON | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1.40 | 1.47 | 1.54 | | 0.90 | | | |
| Upside / (Downside) | 56.1% | 64.0% | 71.9% | | | | | |