| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| HLIO | SXI | MWA | FLS | LNN | | GRC | |
| NYSE:HLIO | NYSE:SXI | NYSE:MWA | NYSE:FLS | NYSE:LNN | | NYSE:GRC | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 7.8% | 2.4% | 6.3% | 3.0% | 6.5% | | 10.6% | |
| 3Y CAGR | -2.5% | 3.2% | 5.8% | 8.8% | 2.3% | | 20.4% | |
| Latest Twelve Months | -3.6% | -2.5% | 11.9% | 5.5% | 0.5% | | 0.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 14.2% | 13.6% | 12.8% | 8.8% | 12.2% | | 10.8% | |
| Prior Fiscal Year | 9.6% | 15.2% | 10.5% | 9.2% | 15.1% | | 13.0% | |
| Latest Fiscal Year | 10.8% | 15.6% | 16.0% | 11.2% | 12.5% | | 13.6% | |
| Latest Twelve Months | 10.8% | 15.0% | 16.9% | 11.2% | 13.3% | | 13.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.62x | 2.99x | 2.78x | 1.39x | 1.93x | | 1.85x | |
| EV / LTM EBIT | 15.0x | 19.9x | 16.4x | 12.4x | 14.5x | | 13.6x | |
| Price / LTM Sales | 1.09x | 2.32x | 2.67x | 1.16x | 2.01x | | 1.30x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.39x | 1.93x | 2.99x | | | | | |
| Historical EV / LTM Revenue | 1.85x | 2.09x | 2.82x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.66x | 1.74x | 1.83x | | | | | |
| (x) LTM Revenue | 660 | 660 | 660 | | | | | |
| (=) Implied Enterprise Value | 1,092 | 1,150 | 1,207 | | | | | |
| (-) Non-shareholder Claims * | (363) | (363) | (363) | | | | | |
| (=) Equity Value | 729 | 787 | 844 | | | | | |
| (/) Shares Outstanding | 26.2 | 26.2 | 26.2 | | | | | |
| Implied Value Range | 27.81 | 30.00 | 32.20 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 27.81 | 30.00 | 32.20 | | 32.58 | | | |
| Upside / (Downside) | -14.6% | -7.9% | -1.2% | | | | | |