| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| DD | HUN | AVNT | DOW | SQM | | ECL | |
| NYSE:DD | NYSE:HUN | NYSE:AVNT | NYSE:DOW | NYSE:SQM | | WBAG:ECL | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -4.3% | -2.3% | 2.5% | 0.0% | 18.4% | | 4.6% | |
| 3Y CAGR | -0.5% | -7.7% | -0.8% | -7.9% | 16.5% | | 7.3% | |
| Latest Twelve Months | 2.6% | -1.2% | 3.1% | -3.7% | -39.4% | | 2.7% | |
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| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 14.7% | 5.8% | 9.2% | 9.0% | 33.3% | | 14.7% | |
| Prior Fiscal Year | 14.1% | 1.7% | 9.3% | 5.9% | 38.8% | | 14.3% | |
| Latest Fiscal Year | 15.1% | 1.4% | 10.3% | 5.2% | 23.8% | | 17.0% | |
| Latest Twelve Months | 15.1% | 1.4% | 10.3% | 5.2% | 23.8% | | 17.0% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.99x | 0.75x | 1.61x | 0.83x | 3.09x | | 4.99x | |
| EV / LTM EBIT | 19.8x | 55.5x | 15.7x | 16.0x | 13.0x | | 29.4x | |
| Price / LTM Sales | 2.58x | 0.46x | 1.11x | 0.58x | 2.70x | | 4.54x | |
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| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.75x | 1.61x | 3.09x | | | | | |
| Historical EV / LTM Revenue | 3.63x | 4.99x | 5.85x | | | | | |
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| Selected EV / LTM Revenue | 4.11x | 4.32x | 4.54x | | | | | |
| (x) LTM Revenue | 15,741 | 15,741 | 15,741 | | | | | |
| (=) Implied Enterprise Value | 64,632 | 68,034 | 71,435 | | | | | |
| (-) Non-shareholder Claims * | (7,058) | (7,058) | (7,058) | | | | | |
| (=) Equity Value | 57,574 | 60,976 | 64,378 | | | | | |
| (/) Shares Outstanding | 283.6 | 283.6 | 283.6 | | | | | |
| Implied Value Range | 202.99 | 214.98 | 226.98 | | | | | |
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 187.74 | 198.84 | 209.93 | | 232.90 | | | |
| Upside / (Downside) | -19.4% | -14.6% | -9.9% | | | | | |