| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| AYI | ABLZ.F | GNRC | ETN | VICR | | EMR | |
| NYSE:AYI | OTCPK:ABLZ.F | NYSE:GNRC | NYSE:ETN | NasdaqGS:VICR | | DB:EMR | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 0.9% | 3.3% | 14.3% | 3.1% | 6.4% | | -1.0% | |
| 3Y CAGR | 3.5% | 4.3% | 4.8% | 8.2% | 0.0% | | 10.6% | |
| Latest Twelve Months | 9.2% | 3.9% | 8.1% | 7.0% | 2.5% | | 6.5% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 12.8% | 13.3% | 14.7% | 14.5% | 9.5% | | 17.7% | |
| Prior Fiscal Year | 12.5% | 15.2% | 9.6% | 17.0% | 12.7% | | 19.1% | |
| Latest Fiscal Year | 14.4% | 16.5% | 12.5% | 18.8% | 5.3% | | 17.2% | |
| Latest Twelve Months | 14.2% | 17.7% | 12.7% | 19.2% | 4.2% | | 19.0% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.33x | 3.77x | 2.37x | 6.30x | 4.75x | | 5.44x | |
| EV / LTM EBIT | 16.5x | 21.3x | 18.6x | 32.8x | 113.8x | | 28.7x | |
| Price / LTM Sales | 2.16x | 3.62x | 2.08x | 5.95x | 5.62x | | 4.69x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 2.33x | 3.77x | 6.30x | | | | | |
| Historical EV / LTM Revenue | 2.59x | 3.96x | 4.54x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 4.09x | 4.30x | 4.52x | | | | | |
| (x) LTM Revenue | 17,607 | 17,607 | 17,607 | | | | | |
| (=) Implied Enterprise Value | 71,933 | 75,719 | 79,504 | | | | | |
| (-) Non-shareholder Claims * | (13,130) | (13,130) | (13,130) | | | | | |
| (=) Equity Value | 58,803 | 62,589 | 66,374 | | | | | |
| (/) Shares Outstanding | 562.5 | 562.5 | 562.5 | | | | | |
| Implied Value Range | 104.54 | 111.27 | 118.00 | | | | | |
| FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 89.13 | 94.87 | 100.61 | | 124.40 | | | |
| Upside / (Downside) | -28.4% | -23.7% | -19.1% | | | | | |