| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| EDI | ALNMG | ETL | ALBLD | ALDUX | | ALPRI | |
| ENXTPA:EDI | ENXTPA:ALNMG | ENXTPA:ETL | ENXTPA:ALBLD | ENXTPA:ALDUX | | ENXTPA:ALPRI | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 2.7% | 5.4% | -1.7% | 16.5% | -0.1% | | 1.2% | |
| 3Y CAGR | 10.2% | 33.2% | -0.6% | 22.5% | 0.9% | | 9.2% | |
| Latest Twelve Months | -10.7% | 26.7% | 10.3% | 3.4% | 11.3% | | -5.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 1.5% | -14.6% | 28.2% | 10.2% | 3.6% | | -0.7% | |
| Prior Fiscal Year | 5.7% | -14.8% | 61.5% | 10.1% | 11.1% | | -0.6% | |
| Latest Fiscal Year | 0.7% | -8.3% | 0.1% | 7.7% | 12.5% | | 2.4% | |
| Latest Twelve Months | 0.7% | 0.8% | -55.0% | 10.6% | 12.5% | | 2.2% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.41x | 0.34x | 3.67x | 1.40x | 0.56x | | 0.35x | |
| EV / LTM EBIT | 57.4x | 40.4x | -6.7x | 13.2x | 4.5x | | 15.9x | |
| Price / LTM Sales | 0.29x | 0.28x | 1.48x | 1.41x | 0.42x | | 0.16x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.34x | 0.56x | 3.67x | | | | | |
| Historical EV / LTM Revenue | 0.37x | 0.55x | 5.60x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.39x | 0.41x | 0.43x | | | | | |
| (x) LTM Revenue | 51 | 51 | 51 | | | | | |
| (=) Implied Enterprise Value | 20 | 21 | 22 | | | | | |
| (-) Non-shareholder Claims * | (10) | (10) | (10) | | | | | |
| (=) Equity Value | 10 | 11 | 12 | | | | | |
| (/) Shares Outstanding | 1.4 | 1.4 | 1.4 | | | | | |
| Implied Value Range | 7.55 | 8.32 | 9.10 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 7.55 | 8.32 | 9.10 | | 5.85 | | | |
| Upside / (Downside) | 29.1% | 42.3% | 55.5% | | | | | |