| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| ARTS | QLTU | S2ED34 | NVMI | VLN | | SLRM | |
| TASE:ARTS | TASE:QLTU | BOVESPA:S2ED34 | TASE:NVMI | NYSE:VLN | | TASE:SLRM | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | NM- | 11.6% | -8.8% | 24.5% | -0.7% | | NM- | |
| 3Y CAGR | 63.1% | 16.8% | -22.9% | 17.3% | -6.5% | | NM- | |
| Latest Twelve Months | 178.6% | 12.5% | -59.0% | 41.0% | -12.1% | | 112820.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -270.0% | 25.9% | -15.9% | 25.4% | -40.9% | | -2684.5% | |
| Prior Fiscal Year | -119.8% | 33.6% | 4.4% | 25.5% | -32.0% | | 18.8% | |
| Latest Fiscal Year | -8.4% | 34.7% | -156.4% | 27.9% | -70.1% | | 20.4% | |
| Latest Twelve Months | -8.4% | 34.7% | -147.2% | 28.9% | -61.1% | | 25.1% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.68x | 7.49x | 1.17x | 7.68x | 2.06x | | 2.56x | |
| EV / LTM EBIT | -8.1x | 21.6x | -0.8x | 26.6x | -3.4x | | 10.2x | |
| Price / LTM Sales | 0.63x | 8.19x | 1.15x | 8.44x | 3.72x | | 1.98x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.68x | 2.06x | 7.68x | | | | | |
| Historical EV / LTM Revenue | -0.02x | 0.20x | 0.42x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.79x | 2.94x | 3.09x | | | | | |
| (x) LTM Revenue | 85 | 85 | 85 | | | | | |
| (=) Implied Enterprise Value | 237 | 249 | 262 | | | | | |
| (-) Non-shareholder Claims * | (49) | (49) | (49) | | | | | |
| (=) Equity Value | 188 | 200 | 213 | | | | | |
| (/) Shares Outstanding | 35.0 | 35.0 | 35.0 | | | | | |
| Implied Value Range | 5.37 | 5.73 | 6.08 | | | | | |
| FX Rate: ILS/ILS | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 5.37 | 5.73 | 6.08 | | 4.80 | | | |
| Upside / (Downside) | 11.9% | 19.4% | 26.8% | | | | | |