| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| N1H | WTL | EPY | CCL | TYR | | WSOU.F | |
| ASX:N1H | ASX:WTL | ASX:EPY | ASX:CCL | ASX:TYR | | OTCPK:WSOU.F | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 35.3% | 77.1% | 2.7% | 11.9% | 21.3% | | -6.7% | |
| 3Y CAGR | 51.0% | 143.9% | 7.5% | 30.2% | 28.7% | | -3.3% | |
| Latest Twelve Months | 35.4% | 34.3% | -5.6% | NM | 11.5% | | 20.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 41.7% | 1.9% | 36.7% | 25.9% | -4.1% | | 37.3% | |
| Prior Fiscal Year | 61.4% | 3.5% | 17.0% | 27.9% | 1.3% | | 64.2% | |
| Latest Fiscal Year | 69.8% | 3.1% | 42.2% | 32.2% | 9.7% | | 41.9% | |
| Latest Twelve Months | 70.5% | 3.0% | 41.5% | 31.2% | 10.3% | | 43.2% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 4.36x | 0.21x | 4.94x | -3.41x | 0.44x | | 4.22x | |
| EV / LTM EBIT | 6.2x | 6.9x | 11.9x | -10.9x | 4.3x | | 9.8x | |
| Price / LTM Sales | 0.50x | 0.21x | 1.12x | 0.94x | 0.67x | | 9.54x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | -3.41x | 0.44x | 4.94x | | | | | |
| Historical EV / LTM Revenue | 2.09x | 3.04x | 3.98x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.16x | 3.32x | 3.49x | | | | | |
| (x) LTM Revenue | 1,347 | 1,347 | 1,347 | | | | | |
| (=) Implied Enterprise Value | 4,254 | 4,478 | 4,702 | | | | | |
| (-) Non-shareholder Claims * | 7,162 | 7,162 | 7,162 | | | | | |
| (=) Equity Value | 11,416 | 11,640 | 11,864 | | | | | |
| (/) Shares Outstanding | 367.5 | 367.5 | 367.5 | | | | | |
| Implied Value Range | 31.07 | 31.68 | 32.29 | | | | | |
| FX Rate: AUD/USD | 1.6 | 1.6 | 1.6 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 19.20 | 19.58 | 19.95 | | 22.25 | | | |
| Upside / (Downside) | -13.7% | -12.0% | -10.3% | | | | | |