| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| ELE | VER | EDP | EVN | EBK | | IBDR.Y | |
| BME:ELE | WBAG:VER | ENXTLS:EDP | DB:EVN | DB:EBK | | OTCPK:IBDR.Y | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 1.7% | 16.2% | 0.9% | 8.1% | 14.1% | | 4.2% | |
| 3Y CAGR | 0.7% | 19.9% | 0.0% | 10.7% | 5.4% | | 4.6% | |
| Latest Twelve Months | -16.5% | -21.1% | -7.6% | -4.5% | -15.5% | | -9.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 11.2% | 29.3% | 9.3% | 10.7% | 5.6% | | 17.8% | |
| Prior Fiscal Year | 6.6% | 37.7% | 12.2% | 15.3% | 9.0% | | 18.3% | |
| Latest Fiscal Year | 13.8% | 35.1% | 10.9% | 12.1% | 7.5% | | 25.0% | |
| Latest Twelve Months | 13.8% | 35.1% | 10.9% | 11.5% | 7.5% | | 25.0% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.75x | 2.99x | 2.40x | 0.25x | 0.95x | | 3.54x | |
| EV / LTM EBIT | 12.7x | 8.5x | 21.9x | 2.2x | 12.6x | | 14.2x | |
| Price / LTM Sales | 1.25x | 2.79x | 0.87x | 1.18x | 0.52x | | 2.11x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.25x | 1.75x | 2.99x | | | | | |
| Historical EV / LTM Revenue | 2.43x | 3.01x | 3.54x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.86x | 3.01x | 3.16x | | | | | |
| (x) LTM Revenue | 44,739 | 44,739 | 44,739 | | | | | |
| (=) Implied Enterprise Value | 127,939 | 134,673 | 141,406 | | | | | |
| (-) Non-shareholder Claims * | (63,868) | (63,868) | (63,868) | | | | | |
| (=) Equity Value | 64,071 | 70,805 | 77,538 | | | | | |
| (/) Shares Outstanding | 1,560.0 | 1,560.0 | 1,560.0 | | | | | |
| Implied Value Range | 41.07 | 45.39 | 49.71 | | | | | |
| FX Rate: EUR/USD | 0.9 | 0.9 | 0.9 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 44.56 | 49.24 | 53.93 | | 65.25 | | | |
| Upside / (Downside) | -31.7% | -24.5% | -17.4% | | | | | |