| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| MC | RMS | MONC | CFR | JN0 | | KER | |
| ENXTPA:MC | ENXTPA:RMS | BIT:MONC | SWX:CFR | DB:JN0 | | ENXTPA:KER | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 9.6% | 17.1% | 13.8% | 8.1% | 7.9% | | 1.6% | |
| 3Y CAGR | 9.7% | 19.1% | 15.0% | 16.2% | 14.6% | | -0.9% | |
| Latest Twelve Months | -1.7% | 13.0% | 4.2% | -0.1% | 2.2% | | -12.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 24.3% | 38.9% | 28.5% | 18.9% | 9.7% | | 25.2% | |
| Prior Fiscal Year | 26.4% | 42.9% | 30.0% | 25.5% | 11.8% | | 24.3% | |
| Latest Fiscal Year | 23.1% | 40.5% | 29.5% | 23.6% | 9.5% | | 14.9% | |
| Latest Twelve Months | 23.1% | 40.5% | 29.5% | 21.6% | 9.5% | | 14.9% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 3.81x | 16.19x | 4.88x | 4.70x | 1.33x | | 2.32x | |
| EV / LTM EBIT | 16.5x | 40.0x | 16.6x | 21.8x | 14.0x | | 15.6x | |
| Price / LTM Sales | 3.46x | 16.82x | 4.96x | 4.79x | 0.92x | | 1.42x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.33x | 4.70x | 16.19x | | | | | |
| Historical EV / LTM Revenue | 2.32x | 3.20x | 6.05x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.57x | 2.71x | 2.84x | | | | | |
| (x) LTM Revenue | 17,194 | 17,194 | 17,194 | | | | | |
| (=) Implied Enterprise Value | 44,210 | 46,536 | 48,863 | | | | | |
| (-) Non-shareholder Claims * | (15,452) | (15,452) | (15,452) | | | | | |
| (=) Equity Value | 28,758 | 31,084 | 33,411 | | | | | |
| (/) Shares Outstanding | 122.6 | 122.6 | 122.6 | | | | | |
| Implied Value Range | 234.56 | 253.54 | 272.52 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 234.56 | 253.54 | 272.52 | | 199.24 | | | |
| Upside / (Downside) | 17.7% | 27.3% | 36.8% | | | | | |