| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| INTEM | SNA | CILEASING | YYAPI | KLSER | | TGSAS | |
| IBSE:INTEM | CBSE:SNA | NGSE:CILEASING | IBSE:YYAPI | IBSE:KLSER | | IBSE:TGSAS | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 13.9% | 0.6% | 8.9% | 78.9% | 53.7% | | 53.0% | |
| 3Y CAGR | 81.5% | -1.3% | 28.4% | 28.4% | 56.0% | | 101.1% | |
| Latest Twelve Months | -22.1% | 123.0% | 78.2% | 137.0% | -29.1% | | 23.8% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 17.4% | -17.3% | 30.1% | -166.3% | -2.2% | | 44.7% | |
| Prior Fiscal Year | 22.0% | -56.3% | 27.1% | -168.5% | 3.9% | | 42.2% | |
| Latest Fiscal Year | 11.3% | -5.0% | 41.3% | -215.2% | -24.1% | | 66.6% | |
| Latest Twelve Months | 11.3% | -5.0% | 41.3% | -215.2% | -24.1% | | 66.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.73x | 3.58x | 1.25x | 39.75x | 5.41x | | 3.52x | |
| EV / LTM EBIT | 24.3x | -71.9x | 3.0x | -18.5x | -22.5x | | 5.3x | |
| Price / LTM Sales | 2.73x | 3.07x | 0.28x | 40.92x | 5.00x | | 3.97x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.25x | 3.58x | 39.75x | | | | | |
| Historical EV / LTM Revenue | 3.52x | 8.86x | 62.25x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 4.89x | 5.15x | 5.40x | | | | | |
| (x) LTM Revenue | 219 | 219 | 219 | | | | | |
| (=) Implied Enterprise Value | 1,069 | 1,125 | 1,182 | | | | | |
| (-) Non-shareholder Claims * | 98 | 98 | 98 | | | | | |
| (=) Equity Value | 1,167 | 1,223 | 1,280 | | | | | |
| (/) Shares Outstanding | 15.0 | 15.0 | 15.0 | | | | | |
| Implied Value Range | 77.80 | 81.55 | 85.30 | | | | | |
| FX Rate: TRY/TRY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 77.80 | 81.55 | 85.30 | | 57.90 | | | |
| Upside / (Downside) | 34.4% | 40.8% | 47.3% | | | | | |