| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| TRS | GEF | IP | PKG | SON | | SDA | |
| NasdaqGS:TRS | NYSE:GEF | NYSE:IP | NYSE:PKG | NYSE:SON | | DB:SDA | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 5.0% | 3.5% | 0.3% | 3.8% | -0.3% | | 2.4% | |
| 3Y CAGR | 2.6% | -0.7% | -1.3% | 2.7% | -1.7% | | -0.9% | |
| Latest Twelve Months | 3.8% | 6.9% | 7.5% | 9.5% | 13.7% | | -2.5% | |
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| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 9.7% | 9.9% | 7.5% | 15.1% | 7.9% | | 15.9% | |
| Prior Fiscal Year | 8.7% | 11.6% | 6.2% | 14.4% | 10.3% | | 15.0% | |
| Latest Fiscal Year | 5.8% | 8.2% | 5.2% | 13.8% | 9.8% | | 14.9% | |
| Latest Twelve Months | 6.1% | 8.1% | 4.0% | 14.5% | 10.2% | | 15.0% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.59x | 1.05x | 1.73x | 2.21x | 2.07x | | 1.66x | |
| EV / LTM EBIT | 26.1x | 12.9x | 43.4x | 15.3x | 20.2x | | 11.1x | |
| Price / LTM Sales | 1.10x | 0.48x | 1.26x | 1.99x | 0.79x | | 0.88x | |
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| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.05x | 1.73x | 2.21x | | | | | |
| Historical EV / LTM Revenue | 1.70x | 1.85x | 2.52x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.58x | 1.66x | 1.75x | | | | | |
| (x) LTM Revenue | 5,336 | 5,336 | 5,336 | | | | | |
| (=) Implied Enterprise Value | 8,428 | 8,872 | 9,316 | | | | | |
| (-) Non-shareholder Claims * | (4,154) | (4,154) | (4,154) | | | | | |
| (=) Equity Value | 4,274 | 4,718 | 5,161 | | | | | |
| (/) Shares Outstanding | 147.1 | 147.1 | 147.1 | | | | | |
| Implied Value Range | 29.07 | 32.08 | 35.10 | | | | | |
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 25.59 | 28.24 | 30.90 | | 27.80 | | | |
| Upside / (Downside) | -8.0% | 1.6% | 11.1% | | | | | |