| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| AIR_KZ | ASB | DRO | GD | RTX | | EOS | |
| KAS:AIR_KZ | ASX:ASB | ASX:DRO | NYSE:GD | NYSE:RTX | | ASX:EOS | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -0.4% | -4.5% | 75.1% | 3.9% | 12.2% | | 1.3% | |
| 3Y CAGR | 9.9% | -2.2% | 76.2% | 7.4% | 7.8% | | -6.0% | |
| Latest Twelve Months | 5.8% | 3.2% | 7.0% | 12.9% | 17.1% | | -19.5% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 5.5% | 3.4% | -59.2% | 10.7% | 8.6% | | -9.0% | |
| Prior Fiscal Year | 6.5% | -1.8% | 5.0% | 8.8% | 8.0% | | -3.5% | |
| Latest Fiscal Year | 6.9% | -1.6% | -22.4% | 10.0% | 10.5% | | -15.3% | |
| Latest Twelve Months | 6.9% | -1.3% | -22.4% | 10.0% | 10.5% | | -15.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.23x | 1.19x | 9.75x | 1.74x | 2.61x | | 1.31x | |
| EV / LTM EBIT | 17.8x | -93.2x | -43.5x | 17.4x | 24.9x | | -8.6x | |
| Price / LTM Sales | 1.53x | 1.23x | 13.38x | 1.55x | 2.12x | | 1.20x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.19x | 1.74x | 9.75x | | | | | |
| Historical EV / LTM Revenue | 1.29x | 1.45x | 4.26x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.64x | 1.73x | 1.81x | | | | | |
| (x) LTM Revenue | 177 | 177 | 177 | | | | | |
| (=) Implied Enterprise Value | 290 | 305 | 320 | | | | | |
| (-) Non-shareholder Claims * | 75 | 75 | 75 | | | | | |
| (=) Equity Value | 365 | 380 | 396 | | | | | |
| (/) Shares Outstanding | 193.0 | 193.0 | 193.0 | | | | | |
| Implied Value Range | 1.89 | 1.97 | 2.05 | | | | | |
| FX Rate: AUD/AUD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1.89 | 1.97 | 2.05 | | 1.10 | | | |
| Upside / (Downside) | 72.8% | 80.0% | 87.3% | | | | | |