| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| HLMS | FTAL | TRA | CFX | PIES | | ISRO | |
| TASE:HLMS | TASE:FTAL | TASE:TRA | TASE:CFX | TASE:PIES | | TASE:ISRO | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 5.5% | 6.9% | NM- | 1.8% | NM- | | 5.5% | |
| 3Y CAGR | 21.1% | 34.8% | -9.2% | -0.4% | 24.4% | | 6.0% | |
| Latest Twelve Months | 8.6% | 7.4% | -21.0% | -3.7% | -24.3% | | 6.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -1.2% | 4.0% | -35.1% | 0.3% | -29.3% | | 16.1% | |
| Prior Fiscal Year | 16.8% | 16.1% | -39.3% | -0.9% | -8.1% | | 18.5% | |
| Latest Fiscal Year | 16.6% | 17.7% | 23.0% | 1.0% | -49.2% | | 20.9% | |
| Latest Twelve Months | 16.6% | 17.7% | 23.0% | 1.0% | -49.2% | | 20.9% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 3.13x | 3.75x | 2.34x | 0.78x | 59.53x | | 2.77x | |
| EV / LTM EBIT | 18.9x | 21.2x | 10.2x | 79.6x | -120.9x | | 13.2x | |
| Price / LTM Sales | 1.21x | 1.14x | 3.09x | 0.49x | 24.83x | | 2.24x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.78x | 3.13x | 59.53x | | | | | |
| Historical EV / LTM Revenue | 2.42x | 3.27x | 4.97x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.03x | 3.19x | 3.35x | | | | | |
| (x) LTM Revenue | 1,915 | 1,915 | 1,915 | | | | | |
| (=) Implied Enterprise Value | 5,801 | 6,106 | 6,412 | | | | | |
| (-) Non-shareholder Claims * | (1,015) | (1,015) | (1,015) | | | | | |
| (=) Equity Value | 4,786 | 5,091 | 5,396 | | | | | |
| (/) Shares Outstanding | 56.2 | 56.2 | 56.2 | | | | | |
| Implied Value Range | 85.23 | 90.66 | 96.10 | | | | | |
| FX Rate: ILS/ILS | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 85.23 | 90.66 | 96.10 | | 79.06 | | | |
| Upside / (Downside) | 7.8% | 14.7% | 21.6% | | | | | |