| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 4110 | 9560 | IQCD | DE | 9531 | | 1212 | |
| SASE:4110 | SASE:9560 | DSM:IQCD | TSXV:DE | SASE:9531 | | SASE:1212 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 0.8% | NM- | 19.9% | 22.0% | NM- | | 10.4% | |
| 3Y CAGR | 0.5% | 41.9% | -3.7% | 26.9% | 14.7% | | 9.5% | |
| Latest Twelve Months | 0.3% | 98.4% | 17.7% | 3.2% | -19.7% | | 4.5% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -0.4% | 20.2% | 19.9% | 7.1% | 27.5% | | 16.3% | |
| Prior Fiscal Year | 1.0% | 20.4% | 14.6% | 12.2% | 37.6% | | 18.9% | |
| Latest Fiscal Year | -10.8% | 19.9% | 15.7% | 6.6% | 20.4% | | 21.5% | |
| Latest Twelve Months | -10.8% | 15.4% | 14.7% | 7.5% | 11.1% | | 22.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 3.12x | 2.73x | 4.30x | 1.49x | 3.14x | | 3.54x | |
| EV / LTM EBIT | -28.8x | 17.7x | 29.2x | 19.8x | 28.4x | | 15.9x | |
| Price / LTM Sales | 2.76x | 2.69x | 5.51x | 0.98x | 2.96x | | 3.91x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.49x | 3.12x | 4.30x | | | | | |
| Historical EV / LTM Revenue | 1.57x | 1.67x | 4.39x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.50x | 2.63x | 2.77x | | | | | |
| (x) LTM Revenue | 3,053 | 3,053 | 3,053 | | | | | |
| (=) Implied Enterprise Value | 7,639 | 8,041 | 8,443 | | | | | |
| (-) Non-shareholder Claims * | 1,124 | 1,124 | 1,124 | | | | | |
| (=) Equity Value | 8,763 | 9,165 | 9,567 | | | | | |
| (/) Shares Outstanding | 80.0 | 80.0 | 80.0 | | | | | |
| Implied Value Range | 109.54 | 114.56 | 119.59 | | | | | |
| FX Rate: SAR/SAR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 109.54 | 114.56 | 119.59 | | 149.20 | | | |
| Upside / (Downside) | -26.6% | -23.2% | -19.8% | | | | | |