| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| CAR | DHX | REA | DHG | ZIP | | SLD | |
| ASX:CAR | NYSE:DHX | ASX:REA | ASX:DHG | NYSE:ZIP | | DB:SLD | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 21.4% | 3.9% | 16.5% | 3.2% | 2.0% | | -7.0% | |
| 3Y CAGR | 37.0% | 5.8% | 10.2% | 10.6% | -13.8% | | 12.6% | |
| Latest Twelve Months | 17.0% | -8.3% | 13.1% | 11.0% | -20.9% | | -2.5% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 41.4% | 3.8% | 41.9% | 20.2% | 9.1% | | 32.9% | |
| Prior Fiscal Year | 37.5% | 5.7% | 41.9% | 20.3% | 14.6% | | 35.3% | |
| Latest Fiscal Year | 37.6% | 5.2% | 42.0% | 23.7% | 0.3% | | 27.6% | |
| Latest Twelve Months | 37.3% | 5.4% | 42.0% | 25.3% | -2.1% | | 24.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 13.27x | 1.01x | 16.76x | 7.35x | 0.96x | | 7.07x | |
| EV / LTM EBIT | 35.6x | 18.8x | 39.9x | 29.0x | -46.6x | | 28.6x | |
| Price / LTM Sales | 12.25x | 0.75x | 17.11x | 6.89x | 0.78x | | 8.23x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.96x | 7.35x | 16.76x | | | | | |
| Historical EV / LTM Revenue | 5.31x | 5.47x | 7.95x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 6.82x | 7.18x | 7.54x | | | | | |
| (x) LTM Revenue | 1,062 | 1,062 | 1,062 | | | | | |
| (=) Implied Enterprise Value | 7,250 | 7,632 | 8,013 | | | | | |
| (-) Non-shareholder Claims * | 1,236 | 1,236 | 1,236 | | | | | |
| (=) Equity Value | 8,486 | 8,868 | 9,249 | | | | | |
| (/) Shares Outstanding | 356.8 | 356.8 | 356.8 | | | | | |
| Implied Value Range | 23.78 | 24.85 | 25.92 | | | | | |
| FX Rate: AUD/EUR | 1.8 | 1.8 | 1.8 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 13.34 | 13.94 | 14.54 | | 13.50 | | | |
| Upside / (Downside) | -1.2% | 3.3% | 7.7% | | | | | |