| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| SSNC * | EXPN | VRSK * | TRU | CLVT | | TOC | |
| BMV:SSNC* | LSE:EXPN | BMV:VRSK* | NYSE:TRU | NYSE:CLVT | | DB:TOC | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 4.9% | 7.8% | 2.0% | 11.2% | 21.3% | | 4.2% | |
| 3Y CAGR | 5.2% | 6.2% | 5.4% | 12.2% | 10.9% | | 4.6% | |
| Latest Twelve Months | 6.7% | 6.0% | 7.6% | 9.3% | -3.9% | | 4.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 22.8% | 23.8% | 45.4% | 19.1% | 6.3% | | 24.7% | |
| Prior Fiscal Year | 22.0% | 24.5% | 42.3% | 16.1% | 10.4% | | 28.3% | |
| Latest Fiscal Year | 22.8% | 25.0% | 43.8% | 17.5% | 9.2% | | 26.0% | |
| Latest Twelve Months | 22.9% | 25.0% | 44.3% | 20.0% | 8.7% | | 26.2% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 4.55x | 7.02x | 13.62x | 4.92x | 2.89x | | 11.00x | |
| EV / LTM EBIT | 19.9x | 28.1x | 30.7x | 24.6x | 33.3x | | 42.1x | |
| Price / LTM Sales | 3.55x | 6.36x | 12.68x | 3.92x | 1.19x | | 10.82x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 2.89x | 4.92x | 13.62x | | | | | |
| Historical EV / LTM Revenue | 7.25x | 9.71x | 10.26x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 8.44x | 8.89x | 9.33x | | | | | |
| (x) LTM Revenue | 7,318 | 7,318 | 7,318 | | | | | |
| (=) Implied Enterprise Value | 61,780 | 65,032 | 68,283 | | | | | |
| (-) Non-shareholder Claims * | (628) | (628) | (628) | | | | | |
| (=) Equity Value | 61,152 | 64,404 | 67,655 | | | | | |
| (/) Shares Outstanding | 450.7 | 450.7 | 450.7 | | | | | |
| Implied Value Range | 135.69 | 142.90 | 150.12 | | | | | |
| FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 116.50 | 122.70 | 128.89 | | 149.85 | | | |
| Upside / (Downside) | -22.3% | -18.1% | -14.0% | | | | | |