| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| ASM | BESI | STMPA | VNX | AIXA | | ASML | |
| ENXTAM:ASM | ENXTAM:BESI | ENXTPA:STMPA | DB:VNX | DB:AIXA | | ENXTAM:ASML | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 18.0% | 11.3% | 6.8% | 7.3% | 19.5% | | 19.0% | |
| 3Y CAGR | 19.2% | -6.8% | 1.3% | 4.5% | 13.9% | | 14.9% | |
| Latest Twelve Months | 19.1% | -5.8% | -17.1% | -6.8% | -3.9% | | 22.8% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 26.5% | 37.2% | 19.6% | 24.7% | 20.8% | | 32.5% | |
| Prior Fiscal Year | 24.8% | 36.9% | 26.6% | 28.2% | 24.0% | | 32.8% | |
| Latest Fiscal Year | 27.1% | 32.2% | 12.5% | 28.0% | 20.8% | | 31.9% | |
| Latest Twelve Months | 30.2% | 28.9% | 5.2% | 26.2% | 20.3% | | 34.9% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 7.24x | 18.77x | 1.61x | 4.96x | 3.04x | | 10.65x | |
| EV / LTM EBIT | 23.9x | 64.9x | 30.9x | 18.9x | 15.0x | | 30.5x | |
| Price / LTM Sales | 7.81x | 18.74x | 1.81x | 4.24x | 3.29x | | 10.72x | |
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| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.61x | 4.96x | 18.77x | | | | | |
| Historical EV / LTM Revenue | 10.06x | 10.19x | 16.05x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 9.97x | 10.50x | 11.02x | | | | | |
| (x) LTM Revenue | 32,212 | 32,212 | 32,212 | | | | | |
| (=) Implied Enterprise Value | 321,180 | 338,084 | 354,988 | | | | | |
| (-) Non-shareholder Claims * | 4,760 | 4,760 | 4,760 | | | | | |
| (=) Equity Value | 325,939 | 342,844 | 359,748 | | | | | |
| (/) Shares Outstanding | 387.3 | 387.3 | 387.3 | | | | | |
| Implied Value Range | 841.63 | 885.28 | 928.93 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 841.63 | 885.28 | 928.93 | | 891.80 | | | |
| Upside / (Downside) | -5.6% | -0.7% | 4.2% | | | | | |