| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| BRNL | AAD | ADEN | CEN | MPW | | RANJ.F | |
| ENXTAM:BRNL | DB:AAD | SWX:ADEN | ENXTPA:CEN | DB:MPW | | OTCPK:RANJ.F | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 5.6% | 13.4% | -0.2% | 0.3% | -3.1% | | 0.4% | |
| 3Y CAGR | 14.9% | 5.5% | 3.4% | 13.1% | -4.8% | | -0.7% | |
| Latest Twelve Months | 2.6% | -1.2% | -3.4% | 23.2% | -5.6% | | -5.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 3.9% | 14.2% | 3.3% | 3.5% | 2.7% | | 3.4% | |
| Prior Fiscal Year | 4.2% | 15.0% | 3.1% | 3.8% | 2.4% | | 3.4% | |
| Latest Fiscal Year | 3.8% | 12.6% | 2.6% | 3.1% | 2.0% | | 2.2% | |
| Latest Twelve Months | 3.8% | 12.6% | 2.6% | 3.1% | 2.0% | | 2.2% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.33x | 1.13x | 0.33x | 0.21x | 0.19x | | 0.37x | |
| EV / LTM EBIT | 8.6x | 9.0x | 12.5x | 6.8x | 9.6x | | 17.1x | |
| Price / LTM Sales | 0.34x | 0.93x | 0.21x | 0.23x | 0.15x | | 0.28x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.19x | 0.33x | 1.13x | | | | | |
| Historical EV / LTM Revenue | 0.37x | 0.43x | 0.48x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.38x | 0.40x | 0.42x | | | | | |
| (x) LTM Revenue | 24,122 | 24,122 | 24,122 | | | | | |
| (=) Implied Enterprise Value | 9,205 | 9,690 | 10,174 | | | | | |
| (-) Non-shareholder Claims * | (2,135) | (2,135) | (2,135) | | | | | |
| (=) Equity Value | 7,071 | 7,555 | 8,040 | | | | | |
| (/) Shares Outstanding | 201.4 | 201.4 | 201.4 | | | | | |
| Implied Value Range | 35.10 | 37.51 | 39.91 | | | | | |
| FX Rate: EUR/USD | 0.9 | 0.9 | 0.9 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 38.08 | 40.69 | 43.30 | | 40.75 | | | |
| Upside / (Downside) | -6.5% | -0.1% | 6.3% | | | | | |