| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| PDA0 | COK | ADN1 | DCIK | A1OS | | RTC | |
| XTRA:PDA0 | XTRA:COK | XTRA:ADN1 | DB:DCIK | XTRA:A1OS | | DB:RTC | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 7.7% | 2.2% | 23.6% | -3.6% | 7.3% | | -1.0% | |
| 3Y CAGR | 4.7% | 10.4% | 24.3% | -6.8% | 11.1% | | 1.1% | |
| Latest Twelve Months | -16.8% | -0.7% | 12.6% | 4.0% | 2.0% | | -2.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 3.2% | 3.7% | 4.2% | -16.7% | 4.5% | | 2.3% | |
| Prior Fiscal Year | 8.4% | 3.2% | 1.9% | -16.7% | 3.7% | | 3.0% | |
| Latest Fiscal Year | 2.0% | 2.5% | 2.4% | -33.9% | 5.3% | | 1.2% | |
| Latest Twelve Months | 2.0% | 1.1% | 2.7% | -33.9% | 4.7% | | 0.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.74x | 0.55x | 0.63x | 2.76x | 0.51x | | -0.30x | |
| EV / LTM EBIT | 37.6x | 49.9x | 23.7x | -8.1x | 10.8x | | -42.6x | |
| Price / LTM Sales | 1.01x | 0.48x | 0.43x | 6.20x | 0.38x | | 0.49x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.51x | 0.63x | 2.76x | | | | | |
| Historical EV / LTM Revenue | -0.20x | -0.08x | 0.22x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | -0.15x | -0.16x | -0.17x | | | | | |
| (x) LTM Revenue | 10 | 10 | 10 | | | | | |
| (=) Implied Enterprise Value | (2) | (2) | (2) | | | | | |
| (-) Non-shareholder Claims * | 8 | 8 | 8 | | | | | |
| (=) Equity Value | 7 | 7 | 7 | | | | | |
| (/) Shares Outstanding | 5.4 | 5.4 | 5.4 | | | | | |
| Implied Value Range | 1.24 | 1.22 | 1.21 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1.24 | 1.22 | 1.21 | | 0.90 | | | |
| Upside / (Downside) | 37.6% | 35.9% | 34.2% | | | | | |