| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| ALMIN | HLZ | ECEG | EMAG | 6Z8 | | ALAGO | |
| ENXTPA:ALMIN | BME:HLZ | LJSE:ECEG | LJSE:EMAG | DB:6Z8 | | ENXTPA:ALAGO | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 33.3% | 32.5% | NM- | -12.9% | 39.3% | | -22.6% | |
| 3Y CAGR | 11.0% | 37.6% | 5.1% | 4.3% | 43.2% | | -61.6% | |
| Latest Twelve Months | -47.2% | -18.8% | 25.2% | 7.1% | -0.2% | | -21.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 5.2% | -1.9% | 3.6% | -103.7% | 1.9% | | -58.8% | |
| Prior Fiscal Year | 4.2% | -0.7% | -10.4% | 11.1% | -0.2% | | 6.2% | |
| Latest Fiscal Year | 21.2% | -5.3% | 4.2% | 8.5% | 3.3% | | -200.6% | |
| Latest Twelve Months | 3.8% | -3.5% | 4.9% | 8.5% | 3.3% | | -159.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | -0.11x | 0.12x | 1.41x | 1.49x | 1.01x | | 3.98x | |
| EV / LTM EBIT | -2.9x | -3.5x | 28.7x | 17.5x | 30.3x | | -2.5x | |
| Price / LTM Sales | 0.36x | 0.05x | 0.75x | 0.86x | 1.07x | | 1.98x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | -0.11x | 1.01x | 1.49x | | | | | |
| Historical EV / LTM Revenue | -0.07x | 0.68x | 7.43x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.29x | 3.46x | 3.63x | | | | | |
| (x) LTM Revenue | 1 | 1 | 1 | | | | | |
| (=) Implied Enterprise Value | 3 | 3 | 3 | | | | | |
| (-) Non-shareholder Claims * | (2) | (2) | (2) | | | | | |
| (=) Equity Value | 1 | 1 | 1 | | | | | |
| (/) Shares Outstanding | 8.8 | 8.8 | 8.8 | | | | | |
| Implied Value Range | 0.11 | 0.13 | 0.14 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.11 | 0.13 | 0.14 | | 0.17 | | | |
| Upside / (Downside) | -34.8% | -26.1% | -17.4% | | | | | |