| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| HUBG | FDX | UPS | CHRW | EXPD | | FA2 | |
| NasdaqGS:HUBG | NYSE:FDX | NYSE:UPS | NasdaqGS:CHRW | NYSE:EXPD | | DB:FA2 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 1.5% | 4.7% | 4.2% | 3.0% | 5.9% | | 15.3% | |
| 3Y CAGR | -2.3% | 1.5% | -2.2% | -8.5% | -13.8% | | 21.3% | |
| Latest Twelve Months | -4.6% | 0.3% | 1.3% | -0.2% | 24.1% | | 63.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 5.2% | 7.1% | 11.3% | 4.2% | 10.5% | | 8.7% | |
| Prior Fiscal Year | 4.9% | 7.1% | 10.4% | 3.0% | 10.1% | | 10.6% | |
| Latest Fiscal Year | 3.6% | 7.9% | 8.8% | 4.0% | 9.8% | | 1.9% | |
| Latest Twelve Months | 3.7% | 7.6% | 8.8% | 4.4% | 9.9% | | 2.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.64x | 0.96x | 1.13x | 0.75x | 1.33x | | 1.03x | |
| EV / LTM EBIT | 17.4x | 12.6x | 12.9x | 17.1x | 13.5x | | 37.7x | |
| Price / LTM Sales | 0.53x | 0.60x | 0.91x | 0.66x | 1.40x | | 0.20x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.64x | 0.96x | 1.33x | | | | | |
| Historical EV / LTM Revenue | 1.37x | 1.55x | 2.27x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.11x | 1.17x | 1.22x | | | | | |
| (x) LTM Revenue | 2,546 | 2,546 | 2,546 | | | | | |
| (=) Implied Enterprise Value | 2,818 | 2,967 | 3,115 | | | | | |
| (-) Non-shareholder Claims * | (2,109) | (2,109) | (2,109) | | | | | |
| (=) Equity Value | 709 | 858 | 1,006 | | | | | |
| (/) Shares Outstanding | 30.4 | 30.4 | 30.4 | | | | | |
| Implied Value Range | 23.31 | 28.19 | 33.06 | | | | | |
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 20.53 | 24.83 | 29.12 | | 14.20 | | | |
| Upside / (Downside) | 44.6% | 74.8% | 105.1% | | | | | |