| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| ALJXR | ALCBX | GUI | AL2SI | ALMDG | | ALORD | |
| ENXTPA:ALJXR | ENXTPA:ALCBX | ENXTPA:GUI | ENXTPA:AL2SI | ENXTPA:ALMDG | | ENXTPA:ALORD | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -20.7% | -15.8% | 8.0% | NM- | -3.7% | | -7.4% | |
| 3Y CAGR | -4.6% | -31.0% | -0.4% | -7.1% | 10.2% | | -14.9% | |
| Latest Twelve Months | 57.4% | -34.9% | -8.0% | -30.4% | 8.8% | | -58.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -17.4% | -9.3% | 11.6% | -2.1% | 17.2% | | -14.8% | |
| Prior Fiscal Year | -17.7% | -13.9% | 18.2% | -11.2% | 11.1% | | 1.4% | |
| Latest Fiscal Year | -6.8% | -41.9% | 2.1% | -1.3% | 13.5% | | -31.2% | |
| Latest Twelve Months | -2.0% | -27.8% | 7.9% | -1.3% | 13.4% | | -24.8% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.53x | 1.25x | 0.45x | 0.86x | 1.13x | | 1.01x | |
| EV / LTM EBIT | -26.1x | -4.5x | 5.7x | -67.7x | 8.5x | | -4.1x | |
| Price / LTM Sales | 0.40x | 0.93x | 0.67x | 0.79x | 1.54x | | 0.81x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.45x | 0.86x | 1.25x | | | | | |
| Historical EV / LTM Revenue | -0.13x | 0.25x | 0.90x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.00x | 1.06x | 1.11x | | | | | |
| (x) LTM Revenue | 3 | 3 | 3 | | | | | |
| (=) Implied Enterprise Value | 3 | 4 | 4 | | | | | |
| (-) Non-shareholder Claims * | 0 | 0 | 0 | | | | | |
| (=) Equity Value | 3 | 4 | 4 | | | | | |
| (/) Shares Outstanding | 3.9 | 3.9 | 3.9 | | | | | |
| Implied Value Range | 0.89 | 0.94 | 0.98 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.89 | 0.94 | 0.98 | | 0.68 | | | |
| Upside / (Downside) | 30.5% | 37.4% | 44.3% | | | | | |