| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| SPHT | TRTO | YOSH | MSC | PHTV | | GPPL | |
| CASE:SPHT | CASE:TRTO | NasdaqCM:YOSH | NYSE:MSC | CASE:PHTV | | CASE:GPPL | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | NM- | 19.4% | 25.9% | 0.4% | 44.8% | | -4.0% | |
| 3Y CAGR | NM- | 32.6% | 25.2% | 81.5% | 88.5% | | 0.1% | |
| Latest Twelve Months | NM | 286.8% | 39.3% | 43.5% | 62.9% | | -10.2% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | NA | -0.9% | -31.3% | -310.0% | 13.5% | | 35.3% | |
| Prior Fiscal Year | NA | -88.3% | -38.1% | -6.5% | 35.9% | | 45.1% | |
| Latest Fiscal Year | NA | -20.7% | -19.9% | 6.1% | 38.2% | | 41.7% | |
| Latest Twelve Months | NA | 24.3% | -19.9% | 6.1% | 38.2% | | 50.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | NA | 9.22x | 2.41x | 4.20x | 1.03x | | 12.58x | |
| EV / LTM EBIT | -100.8x | 37.9x | -12.1x | 69.0x | 2.7x | | 24.9x | |
| Price / LTM Sales | NA | 10.65x | 1.31x | 0.91x | 1.49x | | 7.07x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.03x | 3.31x | 9.22x | | | | | |
| Historical EV / LTM Revenue | 10.24x | 12.13x | 14.07x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 10.63x | 11.19x | 11.75x | | | | | |
| (x) LTM Revenue | 85 | 85 | 85 | | | | | |
| (=) Implied Enterprise Value | 904 | 952 | 999 | | | | | |
| (-) Non-shareholder Claims * | (466) | (466) | (466) | | | | | |
| (=) Equity Value | 438 | 486 | 534 | | | | | |
| (/) Shares Outstanding | 577.6 | 577.6 | 577.6 | | | | | |
| Implied Value Range | 0.76 | 0.84 | 0.92 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.76 | 0.84 | 0.92 | | 1.00 | | | |
| Upside / (Downside) | -24.1% | -15.9% | -7.6% | | | | | |