| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| NUVR | BAND | TPTW | ATNI | VZ | | CYTH | |
| OTCPK:NUVR | NasdaqGS:BAND | OTCPK:TPTW | NasdaqGS:ATNI | NYSE:VZ | | DB:CYTH | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 1.3% | 26.3% | 28.6% | 10.7% | 0.4% | | -9.4% | |
| 3Y CAGR | 1.7% | 15.1% | -33.3% | 6.6% | 0.3% | | -12.7% | |
| Latest Twelve Months | 5.2% | 24.5% | -69.5% | -5.5% | 0.9% | | -7.9% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 18.5% | -3.0% | -91.9% | 4.1% | 23.8% | | 14.1% | |
| Prior Fiscal Year | 14.0% | -5.9% | -90.9% | 3.4% | 22.6% | | 7.9% | |
| Latest Fiscal Year | 14.3% | -2.7% | -132.9% | 4.0% | 22.9% | | 3.5% | |
| Latest Twelve Months | 14.3% | -2.7% | -350.0% | 4.3% | 23.1% | | 3.8% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.64x | 1.05x | 61.98x | 1.45x | 2.64x | | 1.57x | |
| EV / LTM EBIT | 18.5x | -39.0x | -17.7x | 34.1x | 11.4x | | 41.8x | |
| Price / LTM Sales | 0.74x | 0.49x | 0.64x | 0.35x | 1.38x | | 0.34x | |
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| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.05x | 2.64x | 61.98x | | | | | |
| Historical EV / LTM Revenue | 1.46x | 1.66x | 2.12x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.53x | 1.61x | 1.70x | | | | | |
| (x) LTM Revenue | 13,000 | 13,000 | 13,000 | | | | | |
| (=) Implied Enterprise Value | 19,942 | 20,992 | 22,041 | | | | | |
| (-) Non-shareholder Claims * | (16,027) | (16,027) | (16,027) | | | | | |
| (=) Equity Value | 3,915 | 4,965 | 6,014 | | | | | |
| (/) Shares Outstanding | 1,025.9 | 1,025.9 | 1,025.9 | | | | | |
| Implied Value Range | 3.82 | 4.84 | 5.86 | | | | | |
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 3.35 | 4.25 | 5.15 | | 3.67 | | | |
| Upside / (Downside) | -8.5% | 16.0% | 40.6% | | | | | |