| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| GREENH | ESG | NTR B | NKT | GJ | | LEDIBOND | |
| CPSE:GREENH | CPSE:ESG | CPSE:NTRB | CPSE:NKT | CPSE:GJ | | CPSE:LEDIBOND | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | NM- | NM- | NM- | 19.1% | -10.4% | | -6.5% | |
| 3Y CAGR | 64.5% | 124.9% | NM- | 20.5% | -1.5% | | -14.6% | |
| Latest Twelve Months | 142.9% | -44.5% | NM | 26.3% | -8.6% | | 70.8% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -2007.7% | -8.8% | 10.7% | 4.5% | 5.4% | | -294.3% | |
| Prior Fiscal Year | -2715.1% | -6.2% | NA | 16.6% | 6.0% | | -385.4% | |
| Latest Fiscal Year | -944.7% | -27.3% | NA | 16.9% | 7.3% | | -179.1% | |
| Latest Twelve Months | -658.6% | -24.7% | NA | 16.2% | 7.3% | | -157.2% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.23x | 4.35x | NA | 0.91x | 1.43x | | 2.93x | |
| EV / LTM EBIT | -0.3x | -17.6x | -1.3x | 5.6x | 19.5x | | -1.9x | |
| Price / LTM Sales | 1.32x | 3.92x | NA | 1.20x | 0.89x | | 1.28x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.91x | 1.83x | 4.35x | | | | | |
| Historical EV / LTM Revenue | 2.22x | 3.42x | 24.56x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.31x | 3.48x | 3.66x | | | | | |
| (x) LTM Revenue | 9 | 9 | 9 | | | | | |
| (=) Implied Enterprise Value | 30 | 32 | 33 | | | | | |
| (-) Non-shareholder Claims * | (15) | (15) | (15) | | | | | |
| (=) Equity Value | 15 | 17 | 18 | | | | | |
| (/) Shares Outstanding | 38.7 | 38.7 | 38.7 | | | | | |
| Implied Value Range | 0.39 | 0.43 | 0.47 | | | | | |
| FX Rate: DKK/DKK | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.39 | 0.43 | 0.47 | | 0.30 | | | |
| Upside / (Downside) | 30.7% | 44.4% | 58.2% | | | | | |