| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| ATR | AVY | IP | BALL | PKG | | SDA | |
| NYSE:ATR | NYSE:AVY | NYSE:IP | NYSE:BALL | NYSE:PKG | | DB:SDA | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 4.6% | 4.4% | 0.3% | 0.6% | 3.8% | | 2.4% | |
| 3Y CAGR | 3.5% | 1.4% | -1.3% | -5.1% | 2.7% | | -0.9% | |
| Latest Twelve Months | 2.7% | 4.7% | -1.6% | -2.2% | 7.4% | | -1.8% | |
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| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 12.4% | 12.2% | 7.8% | 9.9% | 15.1% | | 16.0% | |
| Prior Fiscal Year | 12.9% | 11.5% | 6.2% | 9.7% | 14.4% | | 15.0% | |
| Latest Fiscal Year | 14.3% | 13.0% | 5.2% | 10.0% | 13.8% | | 14.9% | |
| Latest Twelve Months | 14.3% | 13.0% | 5.2% | 10.0% | 13.8% | | 14.9% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.96x | 1.95x | 1.83x | 1.65x | 2.35x | | 1.56x | |
| EV / LTM EBIT | 20.7x | 14.9x | 35.3x | 16.4x | 17.0x | | 10.5x | |
| Price / LTM Sales | 2.76x | 1.60x | 1.57x | 1.23x | 2.12x | | 0.79x | |
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| Low | Mid | High | | | | | |
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| Benchmark EV / LTM Revenue | 1.65x | 1.95x | 2.96x | | | | | |
| Historical EV / LTM Revenue | 1.56x | 1.85x | 2.52x | | | | | |
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| Selected EV / LTM Revenue | 1.61x | 1.70x | 1.78x | | | | | |
| (x) LTM Revenue | 5,393 | 5,393 | 5,393 | | | | | |
| (=) Implied Enterprise Value | 8,685 | 9,142 | 9,599 | | | | | |
| (-) Non-shareholder Claims * | (4,123) | (4,123) | (4,123) | | | | | |
| (=) Equity Value | 4,562 | 5,019 | 5,476 | | | | | |
| (/) Shares Outstanding | 145.8 | 145.8 | 145.8 | | | | | |
| Implied Value Range | 31.30 | 34.43 | 37.57 | | | | | |
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 29.11 | 32.02 | 34.94 | | 27.80 | | | |
| Upside / (Downside) | 4.7% | 15.2% | 25.7% | | | | | |