| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| ADUS | AGL | ACHC | PIII | RDNT | | 3AM | |
| NasdaqGS:ADUS | NYSE:AGL | NasdaqGS:ACHC | NasdaqCM:PIII | NasdaqGM:RDNT | | DB:3AM | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 12.2% | 50.1% | 9.4% | 59.5% | 9.7% | | 29.4% | |
| 3Y CAGR | 10.1% | 58.5% | 10.9% | 33.0% | 11.4% | | 38.0% | |
| Latest Twelve Months | 11.4% | 23.1% | 5.5% | 9.8% | 12.8% | | 54.8% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 8.3% | -8.2% | 17.1% | -18.3% | 5.5% | | 9.1% | |
| Prior Fiscal Year | 8.9% | -5.4% | 17.3% | -13.3% | 6.0% | | 6.1% | |
| Latest Fiscal Year | 10.3% | -4.7% | 16.6% | -21.2% | 6.2% | | 4.4% | |
| Latest Twelve Months | 10.4% | -5.0% | 14.9% | -21.1% | 4.5% | | 3.5% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.82x | 0.08x | 1.38x | 0.15x | 2.84x | | 0.55x | |
| EV / LTM EBIT | 17.4x | -1.6x | 9.2x | -0.7x | 63.8x | | 15.4x | |
| Price / LTM Sales | 1.69x | 0.15x | 0.62x | 0.01x | 2.22x | | 0.58x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.08x | 1.38x | 2.84x | | | | | |
| Historical EV / LTM Revenue | 0.83x | 1.23x | 4.23x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.88x | 0.93x | 0.97x | | | | | |
| (x) LTM Revenue | 2,251 | 2,251 | 2,251 | | | | | |
| (=) Implied Enterprise Value | 1,980 | 2,084 | 2,188 | | | | | |
| (-) Non-shareholder Claims * | 84 | 84 | 84 | | | | | |
| (=) Equity Value | 2,064 | 2,168 | 2,272 | | | | | |
| (/) Shares Outstanding | 49.9 | 49.9 | 49.9 | | | | | |
| Implied Value Range | 41.34 | 43.42 | 45.51 | | | | | |
| FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 35.80 | 37.61 | 39.42 | | 22.20 | | | |
| Upside / (Downside) | 61.3% | 69.4% | 77.6% | | | | | |