| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| FTFT | FLYW | FI | FPAY | BXLC.D | | BRK.B | |
| NasdaqCM:FTFT | NasdaqGS:FLYW | NYSE:FI | NasdaqCM:FPAY | OTCPK:BXLC.D | | NYSE:BRK.B | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 18.1% | 39.0% | 15.0% | 9.5% | -7.4% | | 7.8% | |
| 3Y CAGR | -55.8% | 34.7% | 8.0% | 3.7% | -16.2% | | 10.4% | |
| Latest Twelve Months | -89.3% | 21.0% | 6.6% | 19.5% | -47.2% | | 0.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -942.3% | -5.6% | 19.4% | 6.9% | 47.2% | | 27.1% | |
| Prior Fiscal Year | -43.5% | -4.9% | 25.4% | 13.7% | 65.9% | | 33.8% | |
| Latest Fiscal Year | -1571.3% | -1.4% | 28.7% | 18.5% | 63.0% | | 30.6% | |
| Latest Twelve Months | -3108.2% | -0.3% | 29.3% | 18.5% | 47.8% | | 27.9% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.96x | 2.14x | 5.62x | 1.50x | 0.26x | | 1.50x | |
| EV / LTM EBIT | 0.0x | -653.3x | 19.2x | 8.1x | 0.5x | | 5.4x | |
| Price / LTM Sales | 3.42x | 2.55x | 4.36x | 0.25x | 6.81x | | 2.93x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.26x | 1.50x | 5.62x | | | | | |
| Historical EV / LTM Revenue | 0.92x | 1.11x | 1.25x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.18x | 1.24x | 1.30x | | | | | |
| (x) LTM Revenue | 371,289 | 371,289 | 371,289 | | | | | |
| (=) Implied Enterprise Value | 436,745 | 459,731 | 482,718 | | | | | |
| (-) Non-shareholder Claims * | 529,397 | 529,397 | 529,397 | | | | | |
| (=) Equity Value | 966,142 | 989,128 | 1,012,115 | | | | | |
| (/) Shares Outstanding | 2,158.6 | 2,158.6 | 2,158.6 | | | | | |
| Implied Value Range | 447.59 | 458.24 | 468.89 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 447.59 | 458.24 | 468.89 | | 503.96 | | | |
| Upside / (Downside) | -11.2% | -9.1% | -7.0% | | | | | |