| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| ONTO | FORM | NVMI | AMAT | KLAC | | PD9 | |
| NYSE:ONTO | NasdaqGS:FORM | NasdaqGS:NVMI | NasdaqGS:AMAT | NasdaqGS:KLAC | | DB:PD9 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 26.4% | 5.3% | 24.5% | 13.2% | 16.5% | | 16.0% | |
| 3Y CAGR | 7.8% | -0.3% | 17.3% | 5.6% | 12.4% | | 17.3% | |
| Latest Twelve Months | 21.2% | 15.3% | 41.0% | 6.0% | 20.3% | | 11.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 16.6% | 8.4% | 25.4% | 29.2% | 37.0% | | -6.9% | |
| Prior Fiscal Year | 14.2% | 1.6% | 25.5% | 28.9% | 38.0% | | -0.1% | |
| Latest Fiscal Year | 19.0% | 5.8% | 27.9% | 28.9% | 37.0% | | 0.5% | |
| Latest Twelve Months | 20.5% | 6.1% | 28.9% | 29.7% | 40.2% | | -0.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 3.57x | 2.57x | 7.68x | 4.35x | 8.84x | | 3.83x | |
| EV / LTM EBIT | 17.4x | 42.4x | 26.6x | 14.7x | 22.0x | | -1078.8x | |
| Price / LTM Sales | 4.38x | 3.00x | 8.44x | 4.48x | 8.67x | | 3.73x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 2.57x | 4.35x | 8.84x | | | | | |
| Historical EV / LTM Revenue | 5.49x | 6.94x | 10.17x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 4.33x | 4.56x | 4.79x | | | | | |
| (x) LTM Revenue | 186 | 186 | 186 | | | | | |
| (=) Implied Enterprise Value | 806 | 848 | 890 | | | | | |
| (-) Non-shareholder Claims * | (19) | (19) | (19) | | | | | |
| (=) Equity Value | 786 | 829 | 871 | | | | | |
| (/) Shares Outstanding | 39.1 | 39.1 | 39.1 | | | | | |
| Implied Value Range | 20.09 | 21.18 | 22.26 | | | | | |
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 17.70 | 18.65 | 19.61 | | 16.02 | | | |
| Upside / (Downside) | 10.5% | 16.4% | 22.4% | | | | | |