| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| CFEB | DEME | ACKB | HOT | STR | | MOUR | |
| ENXTBR:CFEB | ENXTBR:DEME | ENXTBR:ACKB | DB:HOT | WBAG:STR | | ENXTBR:MOUR | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -20.1% | 9.4% | 7.2% | 5.2% | 3.0% | | 11.7% | |
| 3Y CAGR | 1.7% | 17.8% | 12.0% | 15.9% | 6.2% | | 14.7% | |
| Latest Twelve Months | -6.6% | 24.8% | 15.7% | 20.0% | -0.2% | | 16.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 8.0% | 6.4% | 8.0% | 1.1% | 3.3% | | 11.9% | |
| Prior Fiscal Year | 2.1% | 7.2% | 9.8% | 2.0% | 2.9% | | 15.0% | |
| Latest Fiscal Year | 2.4% | 9.0% | 11.8% | 1.7% | 3.2% | | 15.0% | |
| Latest Twelve Months | 2.4% | 9.0% | 11.8% | 1.7% | 3.4% | | 16.2% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.05x | 0.75x | 0.96x | 0.38x | 0.32x | | 0.53x | |
| EV / LTM EBIT | 2.2x | 8.4x | 8.2x | 22.5x | 9.6x | | 3.2x | |
| Price / LTM Sales | 0.17x | 0.82x | 1.11x | 0.38x | 0.45x | | 1.06x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.05x | 0.38x | 0.96x | | | | | |
| Historical EV / LTM Revenue | 0.18x | 0.42x | 0.57x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.42x | 0.44x | 0.46x | | | | | |
| (x) LTM Revenue | 198 | 198 | 198 | | | | | |
| (=) Implied Enterprise Value | 83 | 88 | 92 | | | | | |
| (-) Non-shareholder Claims * | 106 | 106 | 106 | | | | | |
| (=) Equity Value | 189 | 193 | 198 | | | | | |
| (/) Shares Outstanding | 0.4 | 0.4 | 0.4 | | | | | |
| Implied Value Range | 477.15 | 488.21 | 499.27 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 477.15 | 488.21 | 499.27 | | 510.00 | | | |
| Upside / (Downside) | -6.4% | -4.3% | -2.1% | | | | | |