| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| AQE | TCM1 | D1Y | CQB0 | HEID | | HOLNZ | |
| DB:AQE | DB:TCM1 | DB:D1Y | DB:CQB0 | BRSE:HEID | | BATS-CHIXE:HOLNZ | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -10.3% | 3.1% | -6.5% | 11.1% | 2.4% | | -0.2% | |
| 3Y CAGR | -18.5% | -1.2% | -13.0% | 8.5% | 4.2% | | -0.5% | |
| Latest Twelve Months | -35.5% | 2.3% | -13.8% | 6.0% | 0.0% | | -2.2% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 17.4% | 5.6% | 9.9% | 9.8% | 11.5% | | 13.9% | |
| Prior Fiscal Year | 8.4% | 2.3% | 6.0% | 9.8% | 12.9% | | 15.8% | |
| Latest Fiscal Year | 9.4% | 0.7% | 4.3% | 9.9% | 13.5% | | 16.4% | |
| Latest Twelve Months | 9.4% | 0.7% | 4.3% | 9.9% | 13.5% | | 16.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.82x | 0.77x | 1.27x | 1.24x | 1.54x | | 2.21x | |
| EV / LTM EBIT | 8.7x | 107.8x | 29.2x | 12.5x | 11.4x | | 13.5x | |
| Price / LTM Sales | 1.35x | 0.36x | 0.17x | 0.98x | 1.35x | | 2.00x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.77x | 1.24x | 1.54x | | | | | |
| Historical EV / LTM Revenue | 1.46x | 1.67x | 2.21x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.68x | 1.77x | 1.86x | | | | | |
| (x) LTM Revenue | 26,407 | 26,407 | 26,407 | | | | | |
| (=) Implied Enterprise Value | 44,366 | 46,701 | 49,036 | | | | | |
| (-) Non-shareholder Claims * | (5,690) | (5,690) | (5,690) | | | | | |
| (=) Equity Value | 38,676 | 41,011 | 43,346 | | | | | |
| (/) Shares Outstanding | 551.0 | 551.0 | 551.0 | | | | | |
| Implied Value Range | 70.19 | 74.43 | 78.67 | | | | | |
| FX Rate: CHF/CHF | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 70.19 | 74.43 | 78.67 | | 95.92 | | | |
| Upside / (Downside) | -26.8% | -22.4% | -18.0% | | | | | |