| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| PARA | NFLX | LGF.B | FUBO | SWAG | | ECHO | |
| NasdaqGS:PARA | NasdaqGS:NFLX | NYSE:LGF.B | NYSE:FUBO | NasdaqCM:SWAG | | WBAG:ECHO | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 1.6% | 14.1% | 1.8% | 228.1% | NM- | | 53.0% | |
| 3Y CAGR | 0.7% | 9.5% | 7.1% | 36.5% | 26.3% | | -7.2% | |
| Latest Twelve Months | -1.5% | 15.6% | -2.8% | 18.6% | 11.8% | | -7.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 12.1% | 20.0% | 4.1% | -71.1% | -1.7% | | 6.9% | |
| Prior Fiscal Year | 6.3% | 20.6% | 0.7% | -21.1% | -4.2% | | 2.8% | |
| Latest Fiscal Year | 8.6% | 26.7% | 6.9% | -11.8% | -0.6% | | -1.9% | |
| Latest Twelve Months | 8.6% | 26.7% | 3.7% | -11.8% | -4.5% | | -1.9% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.75x | 10.51x | 1.71x | 0.75x | 0.03x | | 2.03x | |
| EV / LTM EBIT | 8.7x | 39.4x | 46.6x | -6.3x | -0.6x | | -105.5x | |
| Price / LTM Sales | 0.28x | 10.30x | 0.51x | 0.62x | 0.23x | | 0.46x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.03x | 0.75x | 10.51x | | | | | |
| Historical EV / LTM Revenue | 0.14x | 1.12x | 2.03x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.72x | 1.81x | 1.90x | | | | | |
| (x) LTM Revenue | 15,826 | 15,826 | 15,826 | | | | | |
| (=) Implied Enterprise Value | 27,227 | 28,660 | 30,093 | | | | | |
| (-) Non-shareholder Claims * | (24,647) | (24,647) | (24,647) | | | | | |
| (=) Equity Value | 2,579 | 4,012 | 5,445 | | | | | |
| (/) Shares Outstanding | 286.6 | 286.6 | 286.6 | | | | | |
| Implied Value Range | 9.00 | 14.00 | 19.00 | | | | | |
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 8.34 | 12.97 | 17.60 | | 23.60 | | | |
| Upside / (Downside) | -64.7% | -45.0% | -25.4% | | | | | |