| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| ACLS | MTSI | VECO | PLAB | UCTT | | CU3 | |
| NasdaqGS:ACLS | NasdaqGS:MTSI | NasdaqGS:VECO | NasdaqGS:PLAB | NasdaqGS:UCTT | | DB:CU3 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 24.3% | 7.9% | 11.3% | 9.5% | 14.5% | | -7.2% | |
| 3Y CAGR | 15.4% | 6.3% | 7.1% | 9.3% | -0.1% | | -23.2% | |
| Latest Twelve Months | -15.1% | 32.6% | 3.3% | -3.2% | 20.2% | | -30.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 19.4% | 12.9% | 8.7% | 21.2% | 6.6% | | 5.2% | |
| Prior Fiscal Year | 23.5% | 18.0% | 10.5% | 28.4% | 2.3% | | 7.4% | |
| Latest Fiscal Year | 20.7% | 11.2% | 10.3% | 25.6% | 4.4% | | -17.9% | |
| Latest Twelve Months | 19.1% | 11.8% | 9.3% | 25.2% | 4.1% | | -19.5% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.99x | 11.87x | 1.68x | 1.17x | 0.69x | | 1.96x | |
| EV / LTM EBIT | 10.4x | 100.4x | 18.1x | 4.6x | 16.8x | | -10.1x | |
| Price / LTM Sales | 2.52x | 12.04x | 1.78x | 1.36x | 0.51x | | 2.39x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.69x | 1.68x | 11.87x | | | | | |
| Historical EV / LTM Revenue | 1.55x | 1.96x | 3.13x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.07x | 2.18x | 2.29x | | | | | |
| (x) LTM Revenue | 391 | 391 | 391 | | | | | |
| (=) Implied Enterprise Value | 811 | 853 | 896 | | | | | |
| (-) Non-shareholder Claims * | 169 | 169 | 169 | | | | | |
| (=) Equity Value | 980 | 1,022 | 1,065 | | | | | |
| (/) Shares Outstanding | 46.5 | 46.5 | 46.5 | | | | | |
| Implied Value Range | 21.07 | 21.99 | 22.91 | | | | | |
| FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 17.93 | 18.71 | 19.49 | | 17.10 | | | |
| Upside / (Downside) | 4.9% | 9.4% | 14.0% | | | | | |