| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| CGM | AJ91 | COP | ALMDT | GPI | | PHF | |
| ENXTPA:CGM | DB:AJ91 | DB:COP | ENXTPA:ALMDT | BIT:GPI | | DB:PHF | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 5.4% | 10.7% | 9.0% | 20.5% | 16.2% | | 8.2% | |
| 3Y CAGR | 7.6% | -14.5% | 3.7% | 3.7% | 16.0% | | 8.6% | |
| Latest Twelve Months | 6.3% | 0.7% | -2.6% | 0.8% | 17.7% | | -3.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 6.2% | 14.6% | 10.3% | -83.6% | 6.6% | | 25.9% | |
| Prior Fiscal Year | 4.9% | 6.3% | 10.0% | -101.5% | 6.4% | | 26.2% | |
| Latest Fiscal Year | 5.7% | 11.7% | 8.3% | -98.1% | 7.2% | | 25.2% | |
| Latest Twelve Months | 5.7% | 11.7% | 7.1% | -98.1% | 7.2% | | 22.5% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.67x | 0.70x | 1.54x | 2.92x | 1.21x | | 3.58x | |
| EV / LTM EBIT | 11.6x | 6.0x | 21.6x | -3.0x | 16.7x | | 15.9x | |
| Price / LTM Sales | 0.24x | 1.13x | 0.96x | 1.82x | 0.58x | | 3.46x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.67x | 1.21x | 2.92x | | | | | |
| Historical EV / LTM Revenue | 5.41x | 7.18x | 10.10x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 4.02x | 4.23x | 4.44x | | | | | |
| (x) LTM Revenue | 215 | 215 | 215 | | | | | |
| (=) Implied Enterprise Value | 865 | 910 | 956 | | | | | |
| (-) Non-shareholder Claims * | (27) | (27) | (27) | | | | | |
| (=) Equity Value | 837 | 883 | 929 | | | | | |
| (/) Shares Outstanding | 15.0 | 15.0 | 15.0 | | | | | |
| Implied Value Range | 55.72 | 58.74 | 61.77 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 55.72 | 58.74 | 61.77 | | 40.65 | | | |
| Upside / (Downside) | 37.1% | 44.5% | 52.0% | | | | | |