| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| PUM | DIO | MOH | HMI | PRP | | BOSS | |
| XTRA:PUM | XTRA:DIO | XTRA:MOH | XTRA:HMI | DB:PRP | | DB:BOSS | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 9.9% | 9.6% | 9.6% | 17.1% | 11.0% | | 8.4% | |
| 3Y CAGR | 9.0% | 9.7% | 9.7% | 19.1% | 17.3% | | 15.6% | |
| Latest Twelve Months | 3.2% | -1.7% | -1.7% | 13.0% | 14.9% | | 1.2% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 6.7% | 24.2% | 24.3% | 39.0% | 16.1% | | 6.2% | |
| Prior Fiscal Year | 7.0% | 26.3% | 26.4% | 42.9% | 22.4% | | 9.8% | |
| Latest Fiscal Year | 6.8% | 22.6% | 23.1% | 41.1% | 23.5% | | 8.4% | |
| Latest Twelve Months | 5.8% | 22.6% | 23.1% | 41.1% | 23.5% | | 8.2% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.62x | 1.70x | 2.97x | 14.98x | 2.77x | | 0.87x | |
| EV / LTM EBIT | 10.6x | 7.5x | 12.8x | 36.5x | 11.8x | | 10.6x | |
| Price / LTM Sales | 0.36x | 0.91x | 2.65x | 15.60x | 2.49x | | 0.60x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.62x | 2.77x | 14.98x | | | | | |
| Historical EV / LTM Revenue | 1.02x | 1.34x | 1.86x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.06x | 1.11x | 1.17x | | | | | |
| (x) LTM Revenue | 4,292 | 4,292 | 4,292 | | | | | |
| (=) Implied Enterprise Value | 4,531 | 4,770 | 5,008 | | | | | |
| (-) Non-shareholder Claims * | (1,156) | (1,156) | (1,156) | | | | | |
| (=) Equity Value | 3,375 | 3,614 | 3,852 | | | | | |
| (/) Shares Outstanding | 69.0 | 69.0 | 69.0 | | | | | |
| Implied Value Range | 48.90 | 52.36 | 55.81 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 48.90 | 52.36 | 55.81 | | 37.48 | | | |
| Upside / (Downside) | 30.5% | 39.7% | 48.9% | | | | | |