| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| ARASE | AYEN | CANTE | ENJSA | PRKME | | IZENR | |
| IBSE:ARASE | IBSE:AYEN | IBSE:CANTE | IBSE:ENJSA | IBSE:PRKME | | IBSE:IZENR | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | NM- | 66.1% | 52.4% | 57.8% | 127.6% | | NM- | |
| 3Y CAGR | 86.8% | 60.3% | 72.3% | 79.4% | 100.5% | | 74.5% | |
| Latest Twelve Months | 17.7% | -15.0% | -27.5% | -21.7% | 11.3% | | -33.2% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 13.3% | 28.4% | 22.4% | 11.3% | 5.8% | | 11.9% | |
| Prior Fiscal Year | 18.2% | 15.7% | 12.3% | 8.6% | 14.7% | | 8.5% | |
| Latest Fiscal Year | 14.6% | 19.9% | 7.0% | 11.5% | 24.1% | | 3.5% | |
| Latest Twelve Months | 14.6% | 19.9% | 7.0% | 11.5% | 24.1% | | 3.5% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.31x | 2.02x | 1.81x | 0.37x | 4.12x | | 1.76x | |
| EV / LTM EBIT | 2.1x | 10.2x | 25.8x | 3.2x | 17.1x | | 50.7x | |
| Price / LTM Sales | 0.25x | 1.12x | 1.81x | 0.35x | 4.25x | | 1.78x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.31x | 1.81x | 4.12x | | | | | |
| Historical EV / LTM Revenue | 0.93x | 1.35x | 1.76x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.83x | 1.93x | 2.02x | | | | | |
| (x) LTM Revenue | 7,268 | 7,268 | 7,268 | | | | | |
| (=) Implied Enterprise Value | 13,311 | 14,012 | 14,713 | | | | | |
| (-) Non-shareholder Claims * | 160 | 160 | 160 | | | | | |
| (=) Equity Value | 13,472 | 14,172 | 14,873 | | | | | |
| (/) Shares Outstanding | 2,443.8 | 2,443.8 | 2,443.8 | | | | | |
| Implied Value Range | 5.51 | 5.80 | 6.09 | | | | | |
| FX Rate: TRY/TRY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 5.51 | 5.80 | 6.09 | | 5.29 | | | |
| Upside / (Downside) | 4.2% | 9.6% | 15.0% | | | | | |