| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| DIBS | AMZN | GRPN | MELI | M | | 32 | |
| NasdaqGM:DIBS | NasdaqGS:AMZN | NasdaqGS:GRPN | NasdaqGS:MELI | NYSE:M | | DB:3E2 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 4.6% | 17.9% | -26.0% | 55.3% | -1.9% | | 28.0% | |
| 3Y CAGR | -4.9% | 10.7% | -20.1% | 43.2% | -3.2% | | 6.4% | |
| Latest Twelve Months | 3.2% | 10.9% | -4.7% | 35.8% | -3.8% | | 2.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -27.7% | 6.3% | -3.2% | 9.6% | 4.5% | | 17.3% | |
| Prior Fiscal Year | -34.3% | 6.4% | -2.0% | 14.6% | 5.3% | | 13.6% | |
| Latest Fiscal Year | -28.1% | 10.8% | 1.0% | 12.7% | 4.0% | | 13.5% | |
| Latest Twelve Months | -28.6% | 11.4% | 0.6% | 12.3% | 3.8% | | 14.0% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.29x | 3.74x | 1.99x | 5.35x | 0.37x | | 2.39x | |
| EV / LTM EBIT | -1.0x | 32.9x | 348.2x | 43.5x | 9.7x | | 17.1x | |
| Price / LTM Sales | 1.12x | 3.64x | 2.16x | 5.20x | 0.16x | | 1.85x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.29x | 1.99x | 5.35x | | | | | |
| Historical EV / LTM Revenue | 2.57x | 6.61x | 15.95x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.82x | 2.97x | 3.12x | | | | | |
| (x) LTM Revenue | 2,838 | 2,838 | 2,838 | | | | | |
| (=) Implied Enterprise Value | 8,012 | 8,433 | 8,855 | | | | | |
| (-) Non-shareholder Claims * | (1,537) | (1,537) | (1,537) | | | | | |
| (=) Equity Value | 6,475 | 6,897 | 7,318 | | | | | |
| (/) Shares Outstanding | 99.1 | 99.1 | 99.1 | | | | | |
| Implied Value Range | 65.33 | 69.59 | 73.84 | | | | | |
| FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 55.80 | 59.43 | 63.07 | | 45.09 | | | |
| Upside / (Downside) | 23.8% | 31.8% | 39.9% | | | | | |