| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| SWM | EGG | NEC | GTN | RNT | | HO6 | |
| ASX:SWM | ASX:EGG | ASX:NEC | ASX:GTN | ASX:RNT | | DB:HO6 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -0.2% | 28.4% | 6.0% | -0.1% | 8.5% | | 84.7% | |
| 3Y CAGR | 3.6% | 26.0% | 3.9% | 8.7% | 1.6% | | 58.4% | |
| Latest Twelve Months | -5.9% | -0.4% | -0.6% | 2.6% | 5.1% | | -9.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 11.5% | 8.8% | 15.8% | -1.9% | -89.4% | | 7.5% | |
| Prior Fiscal Year | 14.5% | 9.7% | 16.4% | -0.5% | -139.8% | | 15.8% | |
| Latest Fiscal Year | 8.1% | 3.7% | 12.8% | 0.6% | -109.8% | | 0.3% | |
| Latest Twelve Months | 5.9% | 2.9% | 10.8% | 0.5% | -122.0% | | -0.1% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.37x | 0.04x | 1.24x | 0.56x | 4.24x | | 0.73x | |
| EV / LTM EBIT | 6.3x | 1.5x | 11.5x | 103.5x | -3.5x | | -749.3x | |
| Price / LTM Sales | 0.16x | 0.07x | 0.79x | 0.63x | 4.67x | | 0.33x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.04x | 0.56x | 4.24x | | | | | |
| Historical EV / LTM Revenue | 0.93x | 3.74x | 5.18x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.82x | 0.86x | 0.90x | | | | | |
| (x) LTM Revenue | 87 | 87 | 87 | | | | | |
| (=) Implied Enterprise Value | 71 | 75 | 78 | | | | | |
| (-) Non-shareholder Claims * | (35) | (35) | (35) | | | | | |
| (=) Equity Value | 36 | 40 | 44 | | | | | |
| (/) Shares Outstanding | 355.9 | 355.9 | 355.9 | | | | | |
| Implied Value Range | 0.10 | 0.11 | 0.12 | | | | | |
| FX Rate: AUD/EUR | 1.8 | 1.8 | 1.8 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.06 | 0.06 | 0.07 | | 0.04 | | | |
| Upside / (Downside) | 35.2% | 49.0% | 62.9% | | | | | |