| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| VVX | BA | AVAV | AIR | VTSI | | KTOS | |
| NYSE:VVX | NYSE:BA | NasdaqGS:AVAV | NYSE:AIR | NasdaqCM:VTSI | | NasdaqGS:KTOS | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 25.6% | -2.8% | 17.9% | 2.5% | 7.1% | | 9.6% | |
| 3Y CAGR | 34.3% | 2.2% | 22.0% | 12.0% | 2.5% | | 11.9% | |
| Latest Twelve Months | 7.4% | -9.2% | 5.2% | 21.1% | -27.5% | | 7.3% | |
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| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 3.3% | -5.0% | 6.9% | 5.0% | 12.6% | | 3.0% | |
| Prior Fiscal Year | 3.1% | 1.7% | 4.3% | 6.9% | 26.8% | | 3.1% | |
| Latest Fiscal Year | 3.7% | -15.1% | 10.3% | 7.0% | 7.6% | | 2.9% | |
| Latest Twelve Months | 3.8% | -13.7% | 4.7% | 6.0% | 10.4% | | 2.8% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.58x | 2.70x | 10.06x | 1.20x | 2.19x | | 4.68x | |
| EV / LTM EBIT | 15.3x | -19.6x | 214.5x | 20.0x | 21.1x | | 167.1x | |
| Price / LTM Sales | 0.35x | 2.23x | 10.04x | 0.83x | 2.55x | | 4.65x | |
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| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.58x | 2.19x | 10.06x | | | | | |
| Historical EV / LTM Revenue | 1.83x | 3.02x | 4.67x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.38x | 3.56x | 3.74x | | | | | |
| (x) LTM Revenue | 1,162 | 1,162 | 1,162 | | | | | |
| (=) Implied Enterprise Value | 3,928 | 4,135 | 4,342 | | | | | |
| (-) Non-shareholder Claims * | (30) | (30) | (30) | | | | | |
| (=) Equity Value | 3,899 | 4,106 | 4,313 | | | | | |
| (/) Shares Outstanding | 153.4 | 153.4 | 153.4 | | | | | |
| Implied Value Range | 25.41 | 26.76 | 28.10 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 25.41 | 26.76 | 28.10 | | 35.21 | | | |
| Upside / (Downside) | -27.8% | -24.0% | -20.2% | | | | | |