| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| TRAN | EDN | PAMP | ENPACIC1 | SHOUGEC1 | | EDSH | |
| BASE:TRAN | BASE:EDN | BASE:PAMP | BVL:ENPACIC1 | BVL:SHOUGEC1 | | BASE:EDSH | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 76.8% | 61.7% | 84.9% | NM- | 1.8% | | 81.9% | |
| 3Y CAGR | 116.0% | 109.8% | 123.7% | NM- | 8.0% | | 107.8% | |
| Latest Twelve Months | 19.7% | 33.8% | 237.3% | NM | -37.6% | | 48.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 23.1% | -5.8% | 27.7% | 84.2% | -0.6% | | 5.7% | |
| Prior Fiscal Year | 10.5% | -17.0% | 23.6% | 78.0% | 1.4% | | -11.4% | |
| Latest Fiscal Year | 30.5% | 2.2% | 12.3% | NA | 1.3% | | 1.3% | |
| Latest Twelve Months | 30.5% | 2.2% | 12.3% | NA | 1.3% | | 1.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.46x | 0.91x | 2.90x | 7.28x | -0.14x | | 0.23x | |
| EV / LTM EBIT | 8.1x | 41.3x | 23.6x | -1849.7x | -11.1x | | 17.4x | |
| Price / LTM Sales | 2.75x | 0.88x | 3.25x | 13.86x | 0.21x | | 0.04x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | -0.14x | 2.46x | 7.28x | | | | | |
| Historical EV / LTM Revenue | 0.14x | 0.23x | 0.31x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.23x | 0.24x | 0.25x | | | | | |
| (x) LTM Revenue | 281,097 | 281,097 | 281,097 | | | | | |
| (=) Implied Enterprise Value | 64,588 | 67,988 | 71,387 | | | | | |
| (-) Non-shareholder Claims * | (52,567) | (52,567) | (52,567) | | | | | |
| (=) Equity Value | 12,021 | 15,421 | 18,820 | | | | | |
| (/) Shares Outstanding | 22.9 | 22.9 | 22.9 | | | | | |
| Implied Value Range | 525.23 | 673.75 | 822.27 | | | | | |
| FX Rate: ARS/ARS | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 525.23 | 673.75 | 822.27 | | 490.00 | | | |
| Upside / (Downside) | 7.2% | 37.5% | 67.8% | | | | | |