| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| ELIS | SPIE | GLO | DBG | BB | | SCB | |
| ENXTPA:ELIS | ENXTPA:SPIE | ENXTPA:GLO | ENXTPA:DBG | ENXTPA:BB | | DB:SCB | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 6.9% | 7.3% | 6.9% | 5.9% | 2.4% | | 10.9% | |
| 3Y CAGR | 14.5% | 12.3% | 30.1% | -0.1% | 6.2% | | 14.6% | |
| Latest Twelve Months | 6.1% | 13.6% | 15.1% | 1.1% | -2.9% | | 9.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 10.4% | 5.7% | 4.6% | 5.6% | 14.9% | | 8.4% | |
| Prior Fiscal Year | 12.9% | 6.1% | 10.0% | 5.2% | 14.1% | | 9.3% | |
| Latest Fiscal Year | 13.2% | 6.4% | 9.9% | 4.7% | 14.0% | | 8.5% | |
| Latest Twelve Months | 13.2% | 6.4% | 9.9% | 5.1% | 14.0% | | 8.5% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.02x | 0.97x | 1.16x | 0.35x | 0.96x | | 1.54x | |
| EV / LTM EBIT | 15.2x | 15.1x | 11.7x | 6.9x | 6.8x | | 18.1x | |
| Price / LTM Sales | 1.22x | 0.75x | 0.45x | 0.27x | 1.01x | | 0.64x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.35x | 0.97x | 2.02x | | | | | |
| Historical EV / LTM Revenue | 1.10x | 1.36x | 1.54x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.25x | 1.32x | 1.38x | | | | | |
| (x) LTM Revenue | 1,190 | 1,190 | 1,190 | | | | | |
| (=) Implied Enterprise Value | 1,489 | 1,567 | 1,646 | | | | | |
| (-) Non-shareholder Claims * | (1,069) | (1,069) | (1,069) | | | | | |
| (=) Equity Value | 420 | 499 | 577 | | | | | |
| (/) Shares Outstanding | 7.8 | 7.8 | 7.8 | | | | | |
| Implied Value Range | 54.13 | 64.23 | 74.32 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 54.13 | 64.23 | 74.32 | | 97.30 | | | |
| Upside / (Downside) | -44.4% | -34.0% | -23.6% | | | | | |