| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| CCRD | ACCS | RBTC | IIIV | LAW | | DLE | |
| NYSE:CCRD | NYSEAM:ACCS | PINC:RBTC | NasdaqGS:IIIV | NYSE:LAW | | ISE:DLE | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 10.8% | 7.2% | NM- | -9.4% | 24.4% | | -8.5% | |
| 3Y CAGR | 6.0% | 1.8% | 9.0% | 0.9% | 8.2% | | 1.0% | |
| Latest Twelve Months | 2.5% | -6.0% | 0.2% | 20.8% | 4.9% | | 12.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 22.9% | 10.3% | -16.8% | 4.7% | -33.5% | | -17.2% | |
| Prior Fiscal Year | 9.5% | -8.9% | -37.5% | 4.0% | -33.9% | | -45.1% | |
| Latest Fiscal Year | 11.4% | -8.6% | -7.1% | 4.1% | -31.9% | | -19.7% | |
| Latest Twelve Months | 11.4% | -8.6% | -5.6% | 5.1% | -31.9% | | -17.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.13x | 1.96x | 0.25x | 2.88x | 0.72x | | 3.08x | |
| EV / LTM EBIT | 18.7x | -22.8x | -4.5x | 56.0x | -2.2x | | -17.4x | |
| Price / LTM Sales | 2.58x | 1.40x | 0.00x | 3.55x | 1.54x | | 2.55x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.25x | 1.96x | 2.88x | | | | | |
| Historical EV / LTM Revenue | 2.04x | 3.22x | 3.98x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.36x | 2.48x | 2.61x | | | | | |
| (x) LTM Revenue | 29 | 29 | 29 | | | | | |
| (=) Implied Enterprise Value | 69 | 73 | 76 | | | | | |
| (-) Non-shareholder Claims * | (15) | (15) | (15) | | | | | |
| (=) Equity Value | 54 | 58 | 62 | | | | | |
| (/) Shares Outstanding | 188.2 | 188.2 | 188.2 | | | | | |
| Implied Value Range | 0.29 | 0.31 | 0.33 | | | | | |
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.26 | 0.27 | 0.29 | | 0.35 | | | |
| Upside / (Downside) | -27.1% | -22.2% | -17.3% | | | | | |