| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| QQ. | 0R2N | RNO | VSVS | SFR | | MLSP.F | |
| LSE:QQ. | LSE:0R2N | AIM:RNO | LSE:VSVS | LSE:SFR | | OTCPK:MLSP.F | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 12.5% | 12.2% | 3.9% | 1.3% | 11.0% | | -20.6% | |
| 3Y CAGR | 13.5% | 7.8% | 13.5% | 3.5% | 8.5% | | -19.5% | |
| Latest Twelve Months | 1.0% | 15.1% | -6.5% | -5.7% | 6.0% | | 3.5% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 10.8% | 8.5% | 7.3% | 8.9% | 6.3% | | -2.5% | |
| Prior Fiscal Year | 11.3% | 8.0% | 9.0% | 9.7% | 6.0% | | 1.7% | |
| Latest Fiscal Year | 8.0% | 10.5% | 11.1% | 9.7% | 6.0% | | -0.2% | |
| Latest Twelve Months | 8.0% | 11.0% | 11.3% | 9.7% | 6.3% | | -0.2% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.52x | 2.87x | 0.96x | 0.73x | 0.21x | | 2.18x | |
| EV / LTM EBIT | 19.1x | 26.0x | 8.5x | 7.5x | 3.2x | | -944.3x | |
| Price / LTM Sales | 1.45x | 2.38x | 0.70x | 0.50x | 0.22x | | 1.75x | |
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| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.21x | 0.96x | 2.87x | | | | | |
| Historical EV / LTM Revenue | 1.04x | 1.75x | 2.49x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.94x | 2.04x | 2.14x | | | | | |
| (x) LTM Revenue | 3,468 | 3,468 | 3,468 | | | | | |
| (=) Implied Enterprise Value | 6,721 | 7,075 | 7,428 | | | | | |
| (-) Non-shareholder Claims * | (1,481) | (1,481) | (1,481) | | | | | |
| (=) Equity Value | 5,240 | 5,594 | 5,947 | | | | | |
| (/) Shares Outstanding | 1,272.8 | 1,272.8 | 1,272.8 | | | | | |
| Implied Value Range | 4.12 | 4.39 | 4.67 | | | | | |
| FX Rate: GBP/USD | 0.7 | 0.7 | 0.7 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 5.59 | 5.97 | 6.34 | | 6.28 | | | |
| Upside / (Downside) | -11.0% | -4.9% | 1.1% | | | | | |