| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| AMZ | ERME | RKT | PSAT | VERK | | CNVA.F | |
| DB:AMZ | CSE:ERME | BIT:RKT | ENXTPA:PSAT | HLSE:VERK | | OTCPK:CNVA.F | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 17.9% | -6.1% | NM- | 13.4% | -1.5% | | -13.9% | |
| 3Y CAGR | 10.7% | 1.6% | 112.4% | 20.7% | -6.6% | | -21.7% | |
| Latest Twelve Months | 10.1% | 6.2% | 4.3% | 16.5% | -3.8% | | -13.2% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 6.0% | -6.1% | -31.3% | 6.3% | 1.8% | | -0.3% | |
| Prior Fiscal Year | 6.4% | 5.3% | -48.0% | 4.0% | 0.9% | | -1.3% | |
| Latest Fiscal Year | 10.8% | 9.1% | -38.1% | 4.8% | 0.1% | | -1.7% | |
| Latest Twelve Months | 11.0% | 8.4% | -35.7% | 5.0% | 0.9% | | -1.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 3.44x | 1.18x | 1.64x | 0.09x | 0.31x | | 0.85x | |
| EV / LTM EBIT | 31.2x | 14.0x | -4.6x | 1.8x | 33.9x | | -51.1x | |
| Price / LTM Sales | 3.34x | 0.03x | 1.19x | 0.31x | 0.25x | | 0.03x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.09x | 1.18x | 3.44x | | | | | |
| Historical EV / LTM Revenue | 0.75x | 0.98x | 1.41x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.82x | 0.87x | 0.91x | | | | | |
| (x) LTM Revenue | 1,039 | 1,039 | 1,039 | | | | | |
| (=) Implied Enterprise Value | 854 | 899 | 944 | | | | | |
| (-) Non-shareholder Claims * | (842) | (842) | (842) | | | | | |
| (=) Equity Value | 13 | 58 | 103 | | | | | |
| (/) Shares Outstanding | 379.9 | 379.9 | 379.9 | | | | | |
| Implied Value Range | 0.03 | 0.15 | 0.27 | | | | | |
| FX Rate: EUR/USD | 0.9 | 0.9 | 0.9 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.04 | 0.17 | 0.31 | | 0.11 | | | |
| Upside / (Downside) | -65.3% | 56.8% | 178.9% | | | | | |