| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| MLP | DB1 | O4B | TITAN | YODA | | ADE | |
| XTRA:MLP | XTRA:DB1 | XTRA:O4B | HLSE:TITAN | CSE:YODA | | DB:ADE | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 8.6% | 11.9% | 9.7% | 3.5% | NM- | | -7.3% | |
| 3Y CAGR | 4.7% | 10.0% | 8.4% | -2.3% | 35.1% | | -19.8% | |
| Latest Twelve Months | 9.7% | 15.2% | 15.3% | -16.3% | 124.5% | | -24.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 9.2% | 43.3% | 5.3% | 55.8% | 13.8% | | 32.0% | |
| Prior Fiscal Year | 9.4% | 51.0% | 4.8% | 52.9% | 16.9% | | -45.2% | |
| Latest Fiscal Year | 11.9% | 49.6% | 5.0% | 41.8% | 3.3% | | 2.2% | |
| Latest Twelve Months | 11.9% | 49.6% | 5.0% | 41.8% | 61.7% | | 25.2% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | -0.21x | 9.53x | 0.49x | 2.64x | 76.48x | | 25.92x | |
| EV / LTM EBIT | -1.7x | 19.2x | 9.9x | 6.3x | 124.0x | | 102.8x | |
| Price / LTM Sales | 0.78x | 8.59x | 0.79x | 3.40x | 100.10x | | 27.42x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | -0.21x | 2.64x | 76.48x | | | | | |
| Historical EV / LTM Revenue | 6.37x | 19.37x | 27.94x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 14.86x | 15.65x | 16.43x | | | | | |
| (x) LTM Revenue | 6 | 6 | 6 | | | | | |
| (=) Implied Enterprise Value | 94 | 99 | 104 | | | | | |
| (-) Non-shareholder Claims * | 10 | 10 | 10 | | | | | |
| (=) Equity Value | 104 | 109 | 114 | | | | | |
| (/) Shares Outstanding | 5.0 | 5.0 | 5.0 | | | | | |
| Implied Value Range | 20.74 | 21.73 | 22.72 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 20.74 | 21.73 | 22.72 | | 35.10 | | | |
| Upside / (Downside) | -40.9% | -38.1% | -35.3% | | | | | |