| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| FAE | MOB | ORNAV | 2IVB | COPN | | E2Z | |
| BME:FAE | OM:MOB | HLSE:ORNAV | DB:2IVB | SWX:COPN | | DB:E2Z | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 5.9% | -20.6% | 8.0% | 8.6% | 33.7% | | 1.7% | |
| 3Y CAGR | 6.0% | NM- | 14.0% | 14.5% | 60.0% | | 5.8% | |
| Latest Twelve Months | 8.7% | 1468.3% | 30.2% | 4.1% | 187.5% | | 12.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 22.2% | -3935.1% | 25.2% | 19.5% | 19.6% | | 9.1% | |
| Prior Fiscal Year | 21.7% | NA | 19.9% | 23.8% | -2.0% | | 4.9% | |
| Latest Fiscal Year | 21.3% | -3311.5% | 24.2% | 24.6% | 55.8% | | 5.1% | |
| Latest Twelve Months | 20.4% | -2497.1% | 24.8% | 24.4% | 55.8% | | 6.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.60x | 9.08x | 5.65x | 1.46x | 3.16x | | 2.26x | |
| EV / LTM EBIT | 12.7x | -0.4x | 22.7x | 6.0x | 5.7x | | 35.1x | |
| Price / LTM Sales | 2.69x | 29.70x | 5.61x | 1.48x | 3.78x | | 2.29x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.46x | 3.16x | 9.08x | | | | | |
| Historical EV / LTM Revenue | 1.85x | 2.06x | 2.76x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.35x | 2.47x | 2.59x | | | | | |
| (x) LTM Revenue | 1,028 | 1,028 | 1,028 | | | | | |
| (=) Implied Enterprise Value | 2,412 | 2,539 | 2,666 | | | | | |
| (-) Non-shareholder Claims * | 52 | 52 | 52 | | | | | |
| (=) Equity Value | 2,464 | 2,591 | 2,718 | | | | | |
| (/) Shares Outstanding | 214.8 | 214.8 | 214.8 | | | | | |
| Implied Value Range | 11.47 | 12.06 | 12.65 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 11.47 | 12.06 | 12.65 | | 10.90 | | | |
| Upside / (Downside) | 5.2% | 10.7% | 16.1% | | | | | |