| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| GTC | TGP | POS | 0QXF | WG. | | PRS | |
| AIM:GTC | AIM:TGP | AIM:POS | LSE:0QXF | LSE:WG. | | DB:PRS | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -5.1% | 3.2% | 28.6% | 41.4% | -10.0% | | -12.1% | |
| 3Y CAGR | 2.9% | 1.5% | 84.8% | 27.1% | -7.9% | | -16.3% | |
| Latest Twelve Months | 15.9% | -7.9% | 79.2% | 17.3% | -2.6% | | -28.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -51.5% | -7.0% | -238.9% | 5.7% | 1.9% | | -7.8% | |
| Prior Fiscal Year | -72.5% | -22.2% | -286.6% | 6.9% | 1.1% | | 5.7% | |
| Latest Fiscal Year | -29.6% | -11.7% | 28.3% | 3.5% | 1.4% | | -11.3% | |
| Latest Twelve Months | -29.6% | -11.7% | 0.6% | 2.9% | -0.4% | | -11.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.41x | 0.29x | 1.22x | 0.42x | 0.25x | | 0.88x | |
| EV / LTM EBIT | -1.4x | -2.5x | 196.7x | 14.5x | -63.6x | | -7.8x | |
| Price / LTM Sales | 0.57x | 0.20x | 1.23x | 0.40x | 0.03x | | 0.78x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.25x | 0.41x | 1.22x | | | | | |
| Historical EV / LTM Revenue | 0.50x | 0.86x | 0.90x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.85x | 0.89x | 0.94x | | | | | |
| (x) LTM Revenue | 15 | 15 | 15 | | | | | |
| (=) Implied Enterprise Value | 13 | 13 | 14 | | | | | |
| (-) Non-shareholder Claims * | (1) | (1) | (1) | | | | | |
| (=) Equity Value | 11 | 12 | 12 | | | | | |
| (/) Shares Outstanding | 38.7 | 38.7 | 38.7 | | | | | |
| Implied Value Range | 0.29 | 0.31 | 0.32 | | | | | |
| FX Rate: GBP/EUR | 0.8 | 0.8 | 0.8 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.34 | 0.36 | 0.38 | | 0.31 | | | |
| Upside / (Downside) | 10.3% | 16.8% | 23.4% | | | | | |