| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| OMC | NXST | FOX | CMCSA | SIRI | | IPG | |
| NYSE:OMC | NasdaqGS:NXST | NasdaqGS:FOX | NasdaqGS:CMCSA | NasdaqGS:SIRI | | DB:IPG | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 1.0% | 12.2% | 4.2% | 2.6% | 2.2% | | 1.3% | |
| 3Y CAGR | 3.2% | 5.2% | 2.7% | 2.1% | 0.0% | | 0.3% | |
| Latest Twelve Months | 5.8% | 8.0% | 15.7% | 1.3% | -4.1% | | -4.3% | |
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| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 14.4% | 25.4% | 19.0% | 18.4% | 22.3% | | 15.1% | |
| Prior Fiscal Year | 14.4% | 16.1% | 17.9% | 19.2% | 20.9% | | 15.7% | |
| Latest Fiscal Year | 14.6% | 24.4% | 17.5% | 18.8% | 21.4% | | 15.6% | |
| Latest Twelve Months | 14.6% | 23.6% | 18.8% | 18.8% | 21.6% | | 15.7% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.24x | 2.07x | 1.64x | 1.74x | 1.98x | | 1.31x | |
| EV / LTM EBIT | 8.5x | 8.8x | 8.7x | 9.3x | 9.1x | | 8.3x | |
| Price / LTM Sales | 0.95x | 0.99x | 1.50x | 1.07x | 0.89x | | 1.03x | |
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| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.24x | 1.74x | 2.07x | | | | | |
| Historical EV / LTM Revenue | 1.42x | 1.67x | 1.99x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.21x | 1.28x | 1.34x | | | | | |
| (x) LTM Revenue | 9,001 | 9,001 | 9,001 | | | | | |
| (=) Implied Enterprise Value | 10,930 | 11,505 | 12,080 | | | | | |
| (-) Non-shareholder Claims * | (2,446) | (2,446) | (2,446) | | | | | |
| (=) Equity Value | 8,483 | 9,059 | 9,634 | | | | | |
| (/) Shares Outstanding | 369.7 | 369.7 | 369.7 | | | | | |
| Implied Value Range | 22.94 | 24.50 | 26.06 | | | | | |
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 20.58 | 21.97 | 23.37 | | 22.27 | | | |
| Upside / (Downside) | -7.6% | -1.3% | 5.0% | | | | | |