Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| CPX | NPI | BLX | TA | PIF | | 3IX | |
| TSX:CPX | TSX:NPI | TSX:BLX | TSX:TA | TSX:PIF | | DB:3IX | |
Historical Revenue Growth | | | | | | | | |
5Y CAGR | 16.5% | 7.3% | 8.2% | 3.9% | 1.2% | | 13.1% | |
3Y CAGR | 27.9% | 4.0% | 7.3% | 1.5% | 8.4% | | 11.3% | |
Latest Twelve Months | -10.5% | -5.4% | -16.6% | -17.3% | -4.6% | | -0.5% | |
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Historical EBIT Profit Margin | | | | | | | | |
5 Year Average Margin | 22.1% | 38.2% | 26.0% | 17.2% | 34.4% | | 32.2% | |
Prior Fiscal Year | 26.0% | 33.0% | 24.1% | 32.0% | 35.7% | | 32.5% | |
Latest Fiscal Year | 22.6% | 36.4% | 27.1% | 21.3% | 32.6% | | 29.3% | |
Latest Twelve Months | 21.1% | 32.5% | 23.8% | 14.4% | 32.3% | | 29.6% | |
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Current Trading Multiples | | | | | | | | |
EV / LTM Revenue | 3.71x | 5.38x | 8.63x | 3.82x | 4.35x | | 9.12x | |
EV / LTM EBIT | 17.6x | 16.6x | 36.2x | 26.5x | 13.5x | | 30.8x | |
Price / LTM Sales | 2.64x | 2.73x | 4.12x | 1.87x | 2.48x | | 2.63x | |
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| Low | Mid | High | | | | | |
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Benchmark EV / LTM Revenue | 3.71x | 4.35x | 8.63x | | | | | |
Historical EV / LTM Revenue | 7.98x | 9.87x | 15.44x | | | | | |
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Selected EV / LTM Revenue | 8.86x | 9.32x | 9.79x | | | | | |
(x) LTM Revenue | 1,060 | 1,060 | 1,060 | | | | | |
(=) Implied Enterprise Value | 9,387 | 9,881 | 10,375 | | | | | |
(-) Non-shareholder Claims * | (6,871) | (6,871) | (6,871) | | | | | |
(=) Equity Value | 2,515 | 3,009 | 3,503 | | | | | |
(/) Shares Outstanding | 203.1 | 203.1 | 203.1 | | | | | |
Implied Value Range | 12.38 | 14.81 | 17.25 | | | | | |
FX Rate: CAD/EUR | 1.6 | 1.6 | 1.6 | | Market Price | | | |
Implied Value Range (Trading Cur) | 7.75 | 9.27 | 10.79 | | 8.55 | | | |
Upside / (Downside) | -9.4% | 8.4% | 26.2% | | | | | |