| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| WPK | SEE * | SON | AMCR | CCL.A | | TCLA.F | |
| TSX:WPK | BMV:SEE* | NYSE:SON | NYSE:AMCR | TSX:CCL.A | | OTCPK:TCLA.F | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 5.3% | 2.4% | -0.3% | 7.6% | 6.4% | | -1.5% | |
| 3Y CAGR | 4.1% | -0.9% | -1.7% | 2.0% | 8.1% | | 2.1% | |
| Latest Twelve Months | 2.3% | -2.5% | 13.7% | -2.3% | 9.8% | | -2.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 15.8% | 16.0% | 7.9% | 10.1% | 14.2% | | 8.8% | |
| Prior Fiscal Year | 15.7% | 15.0% | 10.3% | 9.4% | 13.8% | | 7.1% | |
| Latest Fiscal Year | 17.1% | 14.9% | 9.8% | 9.3% | 14.5% | | 8.9% | |
| Latest Twelve Months | 17.1% | 15.0% | 10.2% | 10.1% | 14.6% | | 12.5% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.50x | 1.64x | 2.08x | 2.17x | 2.13x | | 0.91x | |
| EV / LTM EBIT | 8.8x | 10.9x | 20.3x | 21.4x | 14.5x | | 7.3x | |
| Price / LTM Sales | 1.78x | 0.85x | 0.80x | 1.63x | 1.89x | | 0.61x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.50x | 2.08x | 2.17x | | | | | |
| Historical EV / LTM Revenue | 0.69x | 0.85x | 1.04x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.90x | 0.94x | 0.99x | | | | | |
| (x) LTM Revenue | 2,776 | 2,776 | 2,776 | | | | | |
| (=) Implied Enterprise Value | 2,490 | 2,622 | 2,753 | | | | | |
| (-) Non-shareholder Claims * | (827) | (827) | (827) | | | | | |
| (=) Equity Value | 1,663 | 1,794 | 1,925 | | | | | |
| (/) Shares Outstanding | 83.6 | 83.6 | 83.6 | | | | | |
| Implied Value Range | 19.89 | 21.46 | 23.03 | | | | | |
| FX Rate: CAD/USD | 1.4 | 1.4 | 1.4 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 14.47 | 15.61 | 16.75 | | 14.72 | | | |
| Upside / (Downside) | -1.7% | 6.1% | 13.8% | | | | | |