| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 278 | ENR | SGL | HNL | CY1K | | VBX | |
| DB:278 | DB:ENR | DB:SGL | DB:HNL | DB:CY1K | | DB:VBX | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 1.6% | 3.7% | -1.1% | -1.7% | 22.8% | | -38.6% | |
| 3Y CAGR | -2.8% | 6.6% | 0.6% | -5.0% | 14.8% | | 15.1% | |
| Latest Twelve Months | 0.9% | 15.5% | -11.7% | -2.0% | 39.0% | | 206.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -373.0% | -3.5% | 5.7% | 3.2% | 4.7% | | 147.0% | |
| Prior Fiscal Year | -389.0% | -10.7% | 7.4% | 0.9% | -9.2% | | -25.9% | |
| Latest Fiscal Year | -281.2% | -0.2% | 7.0% | -0.1% | -2.2% | | -60.6% | |
| Latest Twelve Months | -281.2% | 2.9% | 6.5% | -0.6% | -2.2% | | -21.1% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 16.40x | 1.88x | 0.50x | 0.99x | 1.62x | | 13.75x | |
| EV / LTM EBIT | -5.8x | 65.5x | 7.6x | -178.1x | -74.3x | | -31.6x | |
| Price / LTM Sales | 12.03x | 1.99x | 0.43x | 0.53x | 1.57x | | 15.21x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.50x | 1.62x | 16.40x | | | | | |
| Historical EV / LTM Revenue | -190.41x | 3.12x | 4.74x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 9.00x | 9.47x | 9.95x | | | | | |
| (x) LTM Revenue | 15 | 15 | 15 | | | | | |
| (=) Implied Enterprise Value | 134 | 141 | 148 | | | | | |
| (-) Non-shareholder Claims * | 1 | 1 | 1 | | | | | |
| (=) Equity Value | 135 | 142 | 149 | | | | | |
| (/) Shares Outstanding | 21.1 | 21.1 | 21.1 | | | | | |
| Implied Value Range | 6.40 | 6.74 | 7.07 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 6.40 | 6.74 | 7.07 | | 5.26 | | | |
| Upside / (Downside) | 21.8% | 28.1% | 34.5% | | | | | |