| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| C3RY | M3BK | OL40 | ACQ0 | GUL | | JY0 | |
| DB:C3RY | DB:M3BK | DB:OL40 | DB:ACQ0 | DB:GUL | | DB:JY0 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | NM- | NM- | 121.4% | 23.8% | 15.5% | | NM- | |
| 3Y CAGR | 51.7% | NM- | 302.1% | 30.1% | -10.9% | | NM- | |
| Latest Twelve Months | -0.8% | NM | 126.3% | 7.6% | 5.0% | | NM | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -10.7% | 15.6% | 49.4% | 5.6% | 12.2% | | 35.6% | |
| Prior Fiscal Year | -3.1% | -7.2% | 82.7% | 7.6% | 2.1% | | 47.9% | |
| Latest Fiscal Year | -50.6% | 0.2% | 87.4% | 7.4% | 3.0% | | 15.3% | |
| Latest Twelve Months | -48.6% | 47.1% | 67.9% | 7.4% | 3.0% | | 14.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.42x | 0.40x | 0.20x | 0.77x | 0.39x | | 6.58x | |
| EV / LTM EBIT | -0.9x | 0.8x | 0.3x | 10.4x | 13.1x | | 44.9x | |
| Price / LTM Sales | 0.13x | 0.27x | 0.28x | 0.53x | 0.58x | | 6.38x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.20x | 0.40x | 0.77x | | | | | |
| Historical EV / LTM Revenue | 0.00x | NM | 0.00x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 7.02x | 7.39x | 7.76x | | | | | |
| (x) LTM Revenue | 49 | 49 | 49 | | | | | |
| (=) Implied Enterprise Value | 342 | 360 | 378 | | | | | |
| (-) Non-shareholder Claims * | (10) | (10) | (10) | | | | | |
| (=) Equity Value | 332 | 350 | 368 | | | | | |
| (/) Shares Outstanding | 8.0 | 8.0 | 8.0 | | | | | |
| Implied Value Range | 41.50 | 43.75 | 46.00 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 41.50 | 43.75 | 46.00 | | 35.00 | | | |
| Upside / (Downside) | 18.6% | 25.0% | 31.4% | | | | | |