| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| ZG | RMAX | HOUS | RDFN | OPEN | | COMP | |
| NasdaqGS:ZG | NYSE:RMAX | NYSE:HOUS | NasdaqGS:RDFN | NasdaqGS:OPEN | | NYSE:COMP | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -4.0% | 1.7% | -0.6% | 6.0% | 1.7% | | 18.7% | |
| 3Y CAGR | 1.6% | -2.3% | -10.7% | -0.5% | -13.7% | | -4.3% | |
| Latest Twelve Months | 15.0% | -4.6% | 2.5% | 5.1% | 2.4% | | 19.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -1.4% | 15.1% | 4.0% | -12.6% | -7.1% | | -5.3% | |
| Prior Fiscal Year | -12.7% | 12.9% | -0.1% | -21.5% | -5.2% | | -5.8% | |
| Latest Fiscal Year | -8.5% | 15.7% | 1.1% | -14.3% | -5.7% | | -2.5% | |
| Latest Twelve Months | -6.9% | 16.4% | 1.5% | -14.1% | -5.2% | | -1.9% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 6.89x | 0.15x | 0.57x | 2.07x | 0.48x | | 0.62x | |
| EV / LTM EBIT | -99.2x | 0.9x | 39.0x | -14.6x | -9.4x | | -33.2x | |
| Price / LTM Sales | 7.29x | 0.51x | 0.07x | 1.28x | 0.11x | | 0.55x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.15x | 0.57x | 6.89x | | | | | |
| Historical EV / LTM Revenue | 0.20x | 0.51x | 0.61x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.59x | 0.62x | 0.65x | | | | | |
| (x) LTM Revenue | 5,931 | 5,931 | 5,931 | | | | | |
| (=) Implied Enterprise Value | 3,514 | 3,699 | 3,884 | | | | | |
| (-) Non-shareholder Claims * | (432) | (432) | (432) | | | | | |
| (=) Equity Value | 3,082 | 3,267 | 3,452 | | | | | |
| (/) Shares Outstanding | 518.7 | 518.7 | 518.7 | | | | | |
| Implied Value Range | 5.94 | 6.30 | 6.66 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 5.94 | 6.30 | 6.66 | | 6.29 | | | |
| Upside / (Downside) | -5.5% | 0.1% | 5.8% | | | | | |