| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| MOS | FTCO | STLD | RGLD | WS | | CMP | |
| NYSE:MOS | OTCPK:FTCO | NasdaqGS:STLD | NasdaqGS:RGLD | NYSE:WS | | NYSE:CMP | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 4.5% | 19.9% | 10.9% | 11.2% | NM- | | 0.6% | |
| 3Y CAGR | -3.4% | -23.1% | -1.6% | 3.4% | 17.3% | | -0.8% | |
| Latest Twelve Months | -18.8% | -48.9% | -6.7% | 19.1% | -6.8% | | -9.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 13.1% | 17.2% | 16.7% | 47.7% | 6.0% | | 7.5% | |
| Prior Fiscal Year | 9.4% | 26.0% | 16.8% | 50.7% | 3.8% | | 6.4% | |
| Latest Fiscal Year | 5.6% | -1.4% | 11.1% | 60.3% | 6.3% | | 4.7% | |
| Latest Twelve Months | 5.6% | -1.4% | 11.1% | 60.3% | 4.9% | | 2.5% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.02x | 2.44x | 1.22x | 10.57x | 0.44x | | 1.21x | |
| EV / LTM EBIT | 18.2x | -178.3x | 11.0x | 17.5x | 8.9x | | 48.1x | |
| Price / LTM Sales | 0.77x | 3.17x | 1.07x | 15.09x | 0.40x | | 0.36x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.44x | 1.22x | 10.57x | | | | | |
| Historical EV / LTM Revenue | 1.19x | 1.64x | 2.52x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.26x | 1.33x | 1.40x | | | | | |
| (x) LTM Revenue | 1,083 | 1,083 | 1,083 | | | | | |
| (=) Implied Enterprise Value | 1,369 | 1,441 | 1,513 | | | | | |
| (-) Non-shareholder Claims * | (929) | (929) | (929) | | | | | |
| (=) Equity Value | 440 | 512 | 585 | | | | | |
| (/) Shares Outstanding | 41.5 | 41.5 | 41.5 | | | | | |
| Implied Value Range | 10.61 | 12.35 | 14.08 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 10.61 | 12.35 | 14.08 | | 9.29 | | | |
| Upside / (Downside) | 14.2% | 32.9% | 51.6% | | | | | |