| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| E4C | 6GC | FNTN | O2D | 7YF | | NFN | |
| XTRA:E4C | DB:6GC | XTRA:FNTN | HMSE:O2D | BST:7YF | | DB:NFN | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 6.9% | 12.0% | -3.3% | 3.0% | NM- | | 8.9% | |
| 3Y CAGR | 17.5% | 9.0% | -1.0% | 3.2% | 113.5% | | 4.8% | |
| Latest Twelve Months | 8.7% | 11.1% | 3.8% | -1.0% | -7.8% | | 6.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 7.4% | 16.4% | 9.6% | 1.4% | -27.4% | | -5.8% | |
| Prior Fiscal Year | 7.2% | 16.0% | 10.7% | 3.5% | 42.7% | | 1.4% | |
| Latest Fiscal Year | 2.5% | 15.8% | 15.2% | 5.8% | 40.3% | | 5.1% | |
| Latest Twelve Months | 2.5% | 15.8% | 15.2% | 5.8% | 40.3% | | 5.1% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.42x | 1.80x | 1.88x | 1.20x | 8.34x | | 1.26x | |
| EV / LTM EBIT | 16.5x | 11.4x | 12.4x | 20.6x | 20.7x | | 24.9x | |
| Price / LTM Sales | 0.39x | 2.06x | 1.71x | 0.75x | 3.31x | | 1.25x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.42x | 1.80x | 8.34x | | | | | |
| Historical EV / LTM Revenue | 1.20x | 1.30x | 4.03x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.60x | 1.68x | 1.77x | | | | | |
| (x) LTM Revenue | 87 | 87 | 87 | | | | | |
| (=) Implied Enterprise Value | 140 | 147 | 154 | | | | | |
| (-) Non-shareholder Claims * | 0 | 0 | 0 | | | | | |
| (=) Equity Value | 140 | 147 | 155 | | | | | |
| (/) Shares Outstanding | 16.6 | 16.6 | 16.6 | | | | | |
| Implied Value Range | 8.44 | 8.89 | 9.33 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 8.44 | 8.89 | 9.33 | | 6.35 | | | |
| Upside / (Downside) | 33.0% | 40.0% | 47.0% | | | | | |