| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| BBT | TAH | RSI | MGM | FLUT | | PBTH.F | |
| ASX:BBT | ASX:TAH | NYSE:RSI | NYSE:MGM | NYSE:FLUT | | OTCPK:PBTH.F | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 43.5% | -15.5% | 70.7% | 6.7% | 37.7% | | 57.1% | |
| 3Y CAGR | 21.7% | -1.7% | 23.7% | 22.2% | 19.1% | | 8.0% | |
| Latest Twelve Months | 76.5% | 3.0% | 33.7% | 6.7% | 19.2% | | 11.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -11.3% | 2.5% | -19.4% | -4.0% | 2.6% | | -47.8% | |
| Prior Fiscal Year | -44.2% | 4.5% | -7.5% | 9.8% | 1.5% | | -50.7% | |
| Latest Fiscal Year | -34.2% | -2.0% | 2.6% | 9.6% | 6.2% | | -12.6% | |
| Latest Twelve Months | -22.7% | 1.0% | 2.6% | 9.6% | 6.2% | | -8.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.91x | 0.83x | 1.09x | 2.18x | 3.27x | | 1.26x | |
| EV / LTM EBIT | -8.4x | 86.6x | 41.3x | 22.6x | 52.8x | | -15.1x | |
| Price / LTM Sales | 2.02x | 0.52x | 2.90x | 0.47x | 2.86x | | 1.38x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.83x | 1.91x | 3.27x | | | | | |
| Historical EV / LTM Revenue | 0.40x | 6.17x | 14.80x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.87x | 1.97x | 2.07x | | | | | |
| (x) LTM Revenue | 252 | 252 | 252 | | | | | |
| (=) Implied Enterprise Value | 472 | 496 | 521 | | | | | |
| (-) Non-shareholder Claims * | 30 | 30 | 30 | | | | | |
| (=) Equity Value | 502 | 527 | 551 | | | | | |
| (/) Shares Outstanding | 331.7 | 331.7 | 331.7 | | | | | |
| Implied Value Range | 1.51 | 1.59 | 1.66 | | | | | |
| FX Rate: AUD/USD | 1.6 | 1.6 | 1.6 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.97 | 1.02 | 1.07 | | 0.78 | | | |
| Upside / (Downside) | 24.0% | 30.1% | 36.2% | | | | | |