| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| SMT | MIRL | DYNR | 53G | BMN | | MINEROS | |
| BVL:SMT | BVL:MIRL | OTCPK:DYNR | DB:53G | AIM:BMN | | BVC:MINEROS | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -0.2% | 2.4% | 20.4% | NM- | -6.5% | | 5.6% | |
| 3Y CAGR | -2.4% | -7.0% | 57.8% | 261.8% | 15.2% | | 2.8% | |
| Latest Twelve Months | 21.7% | 6.3% | -4.5% | 127.6% | -15.3% | | 20.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 5.3% | 0.8% | -7.0% | -231.9% | -10.2% | | 21.7% | |
| Prior Fiscal Year | -16.9% | -12.3% | 7.0% | -28.4% | 7.1% | | 24.8% | |
| Latest Fiscal Year | 4.7% | -16.0% | -34.4% | 32.4% | -10.9% | | 26.8% | |
| Latest Twelve Months | 7.6% | -16.0% | -30.3% | 32.4% | -38.3% | | 26.8% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.90x | 3.23x | 1.26x | 2.61x | 1.25x | | 0.49x | |
| EV / LTM EBIT | 11.8x | -20.2x | -4.2x | 8.1x | -3.3x | | 1.8x | |
| Price / LTM Sales | 0.47x | 0.15x | 0.69x | 4.64x | 0.08x | | 0.66x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.90x | 1.26x | 3.23x | | | | | |
| Historical EV / LTM Revenue | 0.27x | 0.49x | 0.75x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.52x | 0.54x | 0.57x | | | | | |
| (x) LTM Revenue | 539 | 539 | 539 | | | | | |
| (=) Implied Enterprise Value | 279 | 293 | 308 | | | | | |
| (-) Non-shareholder Claims * | 88 | 88 | 88 | | | | | |
| (=) Equity Value | 367 | 381 | 396 | | | | | |
| (/) Shares Outstanding | 299.7 | 299.7 | 299.7 | | | | | |
| Implied Value Range | 1.22 | 1.27 | 1.32 | | | | | |
| FX Rate: USD/COP | 0.0 | 0.0 | 0.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 5,070.95 | 5,273.73 | 5,476.50 | | 4,900.00 | | | |
| Upside / (Downside) | 3.5% | 7.6% | 11.8% | | | | | |