| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| BASC | HRI | JII | INV | OXH | | EWIl | |
| LSE:BASC | LSE:HRI | LSE:JII | LSE:INV | LSE:OXH | | BATS-CHIXE:EWIl | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -4.6% | -10.3% | 13.7% | 16.9% | NM- | | 15.3% | |
| 3Y CAGR | -48.9% | -20.6% | -12.3% | -15.9% | NM- | | -23.9% | |
| Latest Twelve Months | 2.0% | 135.2% | 685.9% | 107.2% | 109.5% | | 145.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -107.5% | 96.5% | -21.9% | 54.4% | 104.5% | | 89.2% | |
| Prior Fiscal Year | 90.3% | 78.9% | 72.1% | 66.4% | 115.0% | | 103.0% | |
| Latest Fiscal Year | 72.7% | 90.6% | 96.2% | 84.5% | 116.7% | | 93.9% | |
| Latest Twelve Months | 85.1% | 90.6% | 96.2% | 80.3% | -74.6% | | 93.9% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 10.11x | 5.94x | 3.52x | 5.80x | 11.80x | | 7.91x | |
| EV / LTM EBIT | 11.9x | 6.6x | 3.7x | 7.2x | -15.8x | | 8.4x | |
| Price / LTM Sales | 10.71x | 6.09x | 3.61x | 6.26x | 12.35x | | 7.03x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 3.52x | 5.94x | 11.80x | | | | | |
| Historical EV / LTM Revenue | -3.70x | 3.80x | 7.91x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 5.21x | 5.48x | 5.76x | | | | | |
| (x) LTM Revenue | 79 | 79 | 79 | | | | | |
| (=) Implied Enterprise Value | 411 | 432 | 454 | | | | | |
| (-) Non-shareholder Claims * | 636 | 636 | 636 | | | | | |
| (=) Equity Value | 1,047 | 1,069 | 1,090 | | | | | |
| (/) Shares Outstanding | 366.9 | 366.9 | 366.9 | | | | | |
| Implied Value Range | 2.85 | 2.91 | 2.97 | | | | | |
| FX Rate: GBP/GBP | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 2.85 | 2.91 | 2.97 | | 1.46 | | | |
| Upside / (Downside) | 95.5% | 99.5% | 103.5% | | | | | |