| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| STR | WBD | FGR | BAMNB | HOT | | POS | |
| WBAG:STR | BIT:WBD | WBAG:FGR | ENXTAM:BAMNB | WBAG:HOT | | WBAG:POS | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 3.0% | 19.8% | 5.1% | -2.1% | 5.2% | | 4.0% | |
| 3Y CAGR | 6.2% | 24.4% | 7.8% | -4.1% | 15.9% | | 9.1% | |
| Latest Twelve Months | -0.2% | 26.9% | 7.4% | 2.9% | 20.0% | | 2.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 3.3% | 0.8% | 9.6% | 1.2% | 1.1% | | -0.4% | |
| Prior Fiscal Year | 2.9% | 0.5% | 10.6% | 2.5% | 2.0% | | 0.0% | |
| Latest Fiscal Year | 3.2% | 4.9% | 10.0% | 2.1% | 1.7% | | 1.5% | |
| Latest Twelve Months | 3.4% | 4.9% | 10.0% | 2.1% | 1.7% | | 1.5% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.32x | 0.25x | 0.83x | 0.11x | 0.35x | | 0.14x | |
| EV / LTM EBIT | 9.4x | 5.1x | 8.2x | 5.1x | 20.5x | | 9.8x | |
| Price / LTM Sales | 0.45x | 0.25x | 0.42x | 0.21x | 0.35x | | 0.16x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.11x | 0.32x | 0.83x | | | | | |
| Historical EV / LTM Revenue | 0.11x | 0.14x | 0.16x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.20x | 0.21x | 0.22x | | | | | |
| (x) LTM Revenue | 6,204 | 6,204 | 6,204 | | | | | |
| (=) Implied Enterprise Value | 1,254 | 1,320 | 1,386 | | | | | |
| (-) Non-shareholder Claims * | 102 | 102 | 102 | | | | | |
| (=) Equity Value | 1,355 | 1,421 | 1,487 | | | | | |
| (/) Shares Outstanding | 38.1 | 38.1 | 38.1 | | | | | |
| Implied Value Range | 35.62 | 37.36 | 39.09 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 35.62 | 37.36 | 39.09 | | 26.05 | | | |
| Upside / (Downside) | 36.7% | 43.4% | 50.1% | | | | | |