| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| EVK | WCH | LXS | SY1 | KEM | | SDF | |
| XTRA:EVK | XTRA:WCH | XTRA:LXS | XTRA:SY1 | DB:KEM | | XTRA:SDF | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 2.9% | 3.0% | -1.3% | 8.0% | 2.1% | | 7.5% | |
| 3Y CAGR | 0.4% | -2.7% | 1.4% | 9.3% | 3.3% | | 4.4% | |
| Latest Twelve Months | -0.7% | -10.6% | -5.2% | 5.7% | -12.9% | | -5.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 6.9% | 9.3% | 3.7% | 12.7% | 9.0% | | 8.6% | |
| Prior Fiscal Year | 4.0% | 4.8% | -1.2% | 11.3% | 9.9% | | 9.3% | |
| Latest Fiscal Year | 5.5% | 4.3% | 0.4% | 14.2% | 12.3% | | -1.2% | |
| Latest Twelve Months | 5.5% | 4.3% | 0.4% | 14.2% | 12.3% | | -1.2% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.79x | 0.63x | 0.64x | 2.95x | 1.08x | | 0.61x | |
| EV / LTM EBIT | 14.4x | 14.6x | 177.9x | 20.8x | 8.7x | | -51.1x | |
| Price / LTM Sales | 0.61x | 0.65x | 0.38x | 2.70x | 1.07x | | 0.62x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.63x | 0.79x | 2.95x | | | | | |
| Historical EV / LTM Revenue | 0.46x | 0.61x | 3.57x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.84x | 0.88x | 0.92x | | | | | |
| (x) LTM Revenue | 3,653 | 3,653 | 3,653 | | | | | |
| (=) Implied Enterprise Value | 3,057 | 3,218 | 3,379 | | | | | |
| (-) Non-shareholder Claims * | 46 | 46 | 46 | | | | | |
| (=) Equity Value | 3,103 | 3,263 | 3,424 | | | | | |
| (/) Shares Outstanding | 179.1 | 179.1 | 179.1 | | | | | |
| Implied Value Range | 17.32 | 18.22 | 19.12 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 17.32 | 18.22 | 19.12 | | 12.40 | | | |
| Upside / (Downside) | 39.8% | 47.0% | 54.3% | | | | | |