| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| UPP | RAPCO | DEYAAR | MANAZEL | ALDAR | | RAKPROP | |
| DFM:UPP | ADX:RAPCO | DFM:DEYAAR | ADX:MANAZEL | ADX:ALDAR | | ADX:RAKPROP | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 11.4% | 19.8% | 20.2% | -32.2% | 26.3% | | 48.5% | |
| 3Y CAGR | 9.9% | NM- | 44.9% | 7.4% | 38.9% | | 39.7% | |
| Latest Twelve Months | 4.1% | 392.3% | 20.6% | -61.1% | 62.4% | | 39.9% | |
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| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -77.7% | 135.9% | 14.7% | -27.6% | 24.9% | | 28.1% | |
| Prior Fiscal Year | -73.0% | 80.4% | 20.1% | -38.7% | 26.5% | | 23.0% | |
| Latest Fiscal Year | -2.8% | 93.8% | 23.3% | -12.7% | 25.7% | | 21.2% | |
| Latest Twelve Months | -2.8% | 93.8% | 23.3% | -12.7% | 25.7% | | 21.2% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 5.51x | 1.21x | 0.80x | 16.85x | 3.12x | | 3.11x | |
| EV / LTM EBIT | -197.7x | 1.3x | 3.4x | -132.9x | 12.1x | | 14.7x | |
| Price / LTM Sales | 4.69x | 2.99x | 2.61x | 6.60x | 2.80x | | 2.61x | |
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| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.80x | 3.12x | 16.85x | | | | | |
| Historical EV / LTM Revenue | 3.11x | 4.61x | 6.25x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.65x | 3.84x | 4.04x | | | | | |
| (x) LTM Revenue | 1,406 | 1,406 | 1,406 | | | | | |
| (=) Implied Enterprise Value | 5,136 | 5,406 | 5,676 | | | | | |
| (-) Non-shareholder Claims * | (704) | (704) | (704) | | | | | |
| (=) Equity Value | 4,432 | 4,702 | 4,972 | | | | | |
| (/) Shares Outstanding | 2,958.9 | 2,958.9 | 2,958.9 | | | | | |
| Implied Value Range | 1.50 | 1.59 | 1.68 | | | | | |
| FX Rate: AED/AED | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1.50 | 1.59 | 1.68 | | 1.24 | | | |
| Upside / (Downside) | 20.8% | 28.1% | 35.5% | | | | | |