| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| DBOE.F | 8697 | 388 | ICE | B3SA3 | | SOU | |
| OTCPK:DBOE.F | TSE:8697 | SEHK:388 | NYSE:ICE | BOVESPA:B3SA3 | | DB:SOU | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 16.3% | 5.6% | 6.5% | 12.3% | 10.0% | | 5.4% | |
| 3Y CAGR | 17.2% | 6.2% | 2.4% | 9.1% | 0.9% | | 7.6% | |
| Latest Twelve Months | 6.0% | 5.2% | 34.9% | 6.5% | 4.9% | | 11.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 41.3% | 54.0% | 68.9% | 49.8% | 63.8% | | 50.4% | |
| Prior Fiscal Year | 42.2% | 56.3% | 66.8% | 49.7% | 59.0% | | 49.3% | |
| Latest Fiscal Year | 41.0% | 54.9% | 68.3% | 47.7% | 64.7% | | 54.2% | |
| Latest Twelve Months | 40.9% | 54.6% | 73.3% | 49.6% | 65.3% | | 54.2% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 6.67x | 10.22x | 7.43x | 11.06x | 7.39x | | 11.87x | |
| EV / LTM EBIT | 16.3x | 18.7x | 10.1x | 22.3x | 11.3x | | 21.9x | |
| Price / LTM Sales | 5.76x | 10.82x | 18.61x | 9.14x | 7.64x | | 12.97x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 6.67x | 7.43x | 11.06x | | | | | |
| Historical EV / LTM Revenue | 7.44x | 8.43x | 11.87x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 9.05x | 9.53x | 10.01x | | | | | |
| (x) LTM Revenue | 1,371 | 1,371 | 1,371 | | | | | |
| (=) Implied Enterprise Value | 12,410 | 13,063 | 13,716 | | | | | |
| (-) Non-shareholder Claims * | 1,499 | 1,499 | 1,499 | | | | | |
| (=) Equity Value | 13,909 | 14,562 | 15,216 | | | | | |
| (/) Shares Outstanding | 1,070.7 | 1,070.7 | 1,070.7 | | | | | |
| Implied Value Range | 12.99 | 13.60 | 14.21 | | | | | |
| FX Rate: SGD/EUR | 1.5 | 1.5 | 1.5 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 8.64 | 9.04 | 9.45 | | 10.85 | | | |
| Upside / (Downside) | -20.4% | -16.6% | -12.9% | | | | | |