| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| ATR | AVY | IP | BALL | PKG | | SDA | |
| NYSE:ATR | NYSE:AVY | NYSE:IP | NYSE:BALL | NYSE:PKG | | DB:SDA | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 4.6% | 4.4% | 0.3% | 0.6% | 3.8% | | 2.4% | |
| 3Y CAGR | 3.5% | 1.4% | -1.3% | -5.1% | 2.7% | | -0.9% | |
| Latest Twelve Months | 2.7% | 4.7% | -1.6% | -2.2% | 7.4% | | -1.8% | |
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| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 12.4% | 12.2% | 7.8% | 9.9% | 15.1% | | 16.0% | |
| Prior Fiscal Year | 12.9% | 11.5% | 6.2% | 9.7% | 14.4% | | 15.0% | |
| Latest Fiscal Year | 14.3% | 13.0% | 5.2% | 10.0% | 13.8% | | 14.9% | |
| Latest Twelve Months | 14.3% | 13.0% | 5.2% | 10.0% | 13.8% | | 14.9% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.93x | 1.93x | 1.77x | 1.66x | 2.32x | | 1.55x | |
| EV / LTM EBIT | 20.5x | 14.8x | 34.0x | 16.6x | 16.8x | | 10.4x | |
| Price / LTM Sales | 2.72x | 1.59x | 1.51x | 1.24x | 2.09x | | 0.78x | |
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| Low | Mid | High | | | | | |
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| Benchmark EV / LTM Revenue | 1.66x | 1.93x | 2.93x | | | | | |
| Historical EV / LTM Revenue | 1.55x | 1.85x | 2.52x | | | | | |
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| Selected EV / LTM Revenue | 1.60x | 1.68x | 1.77x | | | | | |
| (x) LTM Revenue | 5,393 | 5,393 | 5,393 | | | | | |
| (=) Implied Enterprise Value | 8,618 | 9,071 | 9,525 | | | | | |
| (-) Non-shareholder Claims * | (4,123) | (4,123) | (4,123) | | | | | |
| (=) Equity Value | 4,495 | 4,948 | 5,402 | | | | | |
| (/) Shares Outstanding | 145.8 | 145.8 | 145.8 | | | | | |
| Implied Value Range | 30.84 | 33.95 | 37.06 | | | | | |
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 28.55 | 31.43 | 34.31 | | 26.80 | | | |
| Upside / (Downside) | 6.5% | 17.3% | 28.0% | | | | | |