| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| SGO | 94124453 | CLE | O5Q | MSQ | | ROCK B | |
| ENXTPA:SGO | ENXTBR:094124453 | DB:CLE | DB:O5Q | DB:MSQ | | CPSE:ROCKB | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 1.8% | 5.1% | 2.2% | 8.9% | 3.1% | | 6.9% | |
| 3Y CAGR | 1.8% | 8.3% | 9.3% | 8.9% | -2.2% | | 7.7% | |
| Latest Twelve Months | -2.9% | -0.8% | 9.1% | 13.4% | -1.7% | | 6.5% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 9.4% | 12.0% | 17.9% | 16.1% | 15.9% | | 13.4% | |
| Prior Fiscal Year | 10.7% | 12.2% | 21.5% | 17.1% | 17.3% | | 14.7% | |
| Latest Fiscal Year | 11.1% | 11.2% | 22.4% | 17.3% | 17.5% | | 17.5% | |
| Latest Twelve Months | 11.1% | 11.2% | 22.4% | 17.3% | 17.5% | | 17.5% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.06x | 0.57x | 3.21x | 1.52x | 2.02x | | 1.82x | |
| EV / LTM EBIT | 9.6x | 5.1x | 14.4x | 8.8x | 11.5x | | 10.4x | |
| Price / LTM Sales | 0.87x | 0.27x | 2.96x | 1.04x | 1.66x | | 1.90x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.57x | 1.52x | 3.21x | | | | | |
| Historical EV / LTM Revenue | 1.19x | 1.82x | 2.51x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.67x | 1.76x | 1.84x | | | | | |
| (x) LTM Revenue | 3,855 | 3,855 | 3,855 | | | | | |
| (=) Implied Enterprise Value | 6,427 | 6,766 | 7,104 | | | | | |
| (-) Non-shareholder Claims * | 291 | 291 | 291 | | | | | |
| (=) Equity Value | 6,718 | 7,057 | 7,395 | | | | | |
| (/) Shares Outstanding | 210.4 | 210.4 | 210.4 | | | | | |
| Implied Value Range | 31.92 | 33.53 | 35.14 | | | | | |
| FX Rate: EUR/DKK | 0.1 | 0.1 | 0.1 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 238.44 | 250.44 | 262.45 | | 257.80 | | | |
| Upside / (Downside) | -7.5% | -2.9% | 1.8% | | | | | |