| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| FUR | BAMNB | HOT | DG | POS | | HEIJM | |
| ENXTAM:FUR | ENXTAM:BAMNB | DB:HOT | ENXTPA:DG | WBAG:POS | | ENXTAM:HEIJM | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 6.9% | -2.1% | 5.2% | 8.3% | 4.9% | | 10.1% | |
| 3Y CAGR | 15.9% | -4.1% | 15.9% | 13.2% | 6.2% | | 13.9% | |
| Latest Twelve Months | 4.0% | 2.9% | 20.0% | 4.1% | 2.4% | | 22.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 5.8% | 1.2% | 1.1% | 9.7% | -0.4% | | 3.5% | |
| Prior Fiscal Year | 11.3% | 2.5% | 2.0% | 11.5% | 0.0% | | 3.2% | |
| Latest Fiscal Year | 13.6% | 2.1% | 1.7% | 11.8% | 1.5% | | 4.3% | |
| Latest Twelve Months | 13.6% | 2.1% | 1.7% | 11.8% | 1.5% | | 4.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.54x | 0.13x | 0.38x | 1.28x | 0.17x | | 0.43x | |
| EV / LTM EBIT | 3.9x | 6.0x | 22.5x | 10.8x | 11.3x | | 10.0x | |
| Price / LTM Sales | 0.52x | 0.22x | 0.38x | 0.94x | 0.18x | | 0.47x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.13x | 0.38x | 1.28x | | | | | |
| Historical EV / LTM Revenue | 0.04x | 0.10x | 0.43x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.31x | 0.33x | 0.34x | | | | | |
| (x) LTM Revenue | 2,584 | 2,584 | 2,584 | | | | | |
| (=) Implied Enterprise Value | 801 | 843 | 885 | | | | | |
| (-) Non-shareholder Claims * | 96 | 96 | 96 | | | | | |
| (=) Equity Value | 897 | 939 | 981 | | | | | |
| (/) Shares Outstanding | 27.5 | 27.5 | 27.5 | | | | | |
| Implied Value Range | 32.64 | 34.18 | 35.71 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 32.64 | 34.18 | 35.71 | | 44.48 | | | |
| Upside / (Downside) | -26.6% | -23.2% | -19.7% | | | | | |