| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| WEST | STKL | BRCC | JBSS | TR | | FARM | |
| NasdaqGM:WEST | NasdaqGS:STKL | NYSE:BRCC | NasdaqGS:JBSS | NYSE:TR | | NasdaqGS:FARM | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | NM- | 0.1% | 36.7% | 4.0% | 6.5% | | -10.6% | |
| 3Y CAGR | 6.8% | 13.4% | 18.9% | 7.5% | 8.2% | | 9.2% | |
| Latest Twelve Months | 2.4% | 12.9% | -6.7% | 7.4% | -5.5% | | -0.2% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 0.4% | 3.6% | -8.3% | 8.4% | 14.7% | | -5.4% | |
| Prior Fiscal Year | -0.5% | 5.2% | -12.7% | 8.8% | 15.2% | | -8.8% | |
| Latest Fiscal Year | -3.7% | 5.6% | 2.5% | 7.6% | 16.1% | | -6.0% | |
| Latest Twelve Months | -4.1% | 5.6% | 0.1% | 6.9% | 16.5% | | -1.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.76x | 1.53x | 0.70x | 0.77x | 3.55x | | 0.27x | |
| EV / LTM EBIT | -43.2x | 27.2x | 499.4x | 11.1x | 21.6x | | -15.7x | |
| Price / LTM Sales | 0.75x | 0.99x | 1.00x | 0.66x | 4.24x | | 0.10x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.70x | 1.53x | 3.55x | | | | | |
| Historical EV / LTM Revenue | 0.31x | 0.46x | 0.89x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.28x | 0.30x | 0.31x | | | | | |
| (x) LTM Revenue | 342 | 342 | 342 | | | | | |
| (=) Implied Enterprise Value | 96 | 101 | 106 | | | | | |
| (-) Non-shareholder Claims * | (59) | (59) | (59) | | | | | |
| (=) Equity Value | 37 | 42 | 47 | | | | | |
| (/) Shares Outstanding | 21.6 | 21.6 | 21.6 | | | | | |
| Implied Value Range | 1.71 | 1.94 | 2.18 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1.71 | 1.94 | 2.18 | | 1.53 | | | |
| Upside / (Downside) | 11.6% | 26.9% | 42.2% | | | | | |