| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| OFIX | SIBN | ENOV | IART | AVNS | | BVS | |
| NasdaqGS:OFIX | NasdaqGM:SIBN | NYSE:ENOV | NasdaqGS:IART | NYSE:AVNS | | NasdaqGS:BVS | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 11.7% | 20.0% | -8.7% | 1.2% | -0.3% | | 11.0% | |
| 3Y CAGR | 19.8% | 22.9% | 13.9% | 1.5% | 5.4% | | 10.0% | |
| Latest Twelve Months | 7.1% | 20.4% | 23.5% | 4.5% | 2.2% | | 11.9% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -5.2% | -46.7% | 1.6% | 15.7% | 4.8% | | 3.0% | |
| Prior Fiscal Year | -14.2% | -33.8% | -0.4% | 16.9% | 6.3% | | 0.4% | |
| Latest Fiscal Year | -8.2% | -21.1% | 2.6% | 11.3% | 6.5% | | 7.0% | |
| Latest Twelve Months | -8.2% | -21.1% | 2.6% | 11.3% | 6.5% | | 7.0% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.93x | 2.89x | 1.68x | 2.09x | 1.05x | | 1.67x | |
| EV / LTM EBIT | -11.4x | -13.7x | 65.2x | 18.5x | 16.1x | | 24.0x | |
| Price / LTM Sales | 0.80x | 3.56x | 1.03x | 1.05x | 0.96x | | 1.06x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.93x | 1.68x | 2.89x | | | | | |
| Historical EV / LTM Revenue | 1.17x | 1.61x | 2.64x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.46x | 1.54x | 1.61x | | | | | |
| (x) LTM Revenue | 573 | 573 | 573 | | | | | |
| (=) Implied Enterprise Value | 836 | 880 | 924 | | | | | |
| (-) Non-shareholder Claims * | (350) | (350) | (350) | | | | | |
| (=) Equity Value | 486 | 530 | 574 | | | | | |
| (/) Shares Outstanding | 66.2 | 66.2 | 66.2 | | | | | |
| Implied Value Range | 7.35 | 8.01 | 8.68 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 7.35 | 8.01 | 8.68 | | 9.15 | | | |
| Upside / (Downside) | -19.7% | -12.4% | -5.1% | | | | | |