| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| DD | HUN | AVNT | DOW | SQM | | ECL | |
| NYSE:DD | NYSE:HUN | NYSE:AVNT | NYSE:DOW | NYSE:SQM | | WBAG:ECL | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -4.3% | -2.3% | 2.5% | 0.0% | 18.4% | | 4.6% | |
| 3Y CAGR | -0.5% | -7.7% | -0.8% | -7.9% | 16.5% | | 7.3% | |
| Latest Twelve Months | 2.6% | -1.2% | 3.1% | -3.7% | -39.4% | | 2.7% | |
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| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 14.7% | 5.8% | 9.2% | 9.0% | 33.3% | | 14.7% | |
| Prior Fiscal Year | 14.1% | 1.7% | 9.3% | 5.9% | 38.8% | | 14.3% | |
| Latest Fiscal Year | 15.1% | 1.4% | 10.3% | 5.2% | 23.8% | | 17.0% | |
| Latest Twelve Months | 15.1% | 1.4% | 10.3% | 5.2% | 23.8% | | 17.0% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.95x | 0.76x | 1.58x | 0.85x | 3.16x | | 4.94x | |
| EV / LTM EBIT | 19.5x | 55.9x | 15.4x | 16.2x | 13.3x | | 29.1x | |
| Price / LTM Sales | 2.54x | 0.47x | 1.08x | 0.59x | 2.77x | | 4.49x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.76x | 1.58x | 3.16x | | | | | |
| Historical EV / LTM Revenue | 3.63x | 4.94x | 5.85x | | | | | |
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| Selected EV / LTM Revenue | 4.10x | 4.31x | 4.53x | | | | | |
| (x) LTM Revenue | 15,741 | 15,741 | 15,741 | | | | | |
| (=) Implied Enterprise Value | 64,500 | 67,894 | 71,289 | | | | | |
| (-) Non-shareholder Claims * | (7,058) | (7,058) | (7,058) | | | | | |
| (=) Equity Value | 57,442 | 60,837 | 64,231 | | | | | |
| (/) Shares Outstanding | 283.0 | 283.0 | 283.0 | | | | | |
| Implied Value Range | 202.98 | 214.97 | 226.97 | | | | | |
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 187.61 | 198.70 | 209.79 | | 230.50 | | | |
| Upside / (Downside) | -18.6% | -13.8% | -9.0% | | | | | |