| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| ALEMG | ALCJ | ALTHE | ALDMS | AMPLI | | G3O | |
| ENXTPA:ALEMG | ENXTPA:ALCJ | ENXTPA:ALTHE | ENXTPA:ALDMS | ENXTPA:AMPLI | | BST:G3O | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -13.2% | -3.4% | -1.2% | 9.8% | 0.7% | | NM- | |
| 3Y CAGR | -42.2% | -14.0% | 34.8% | 8.0% | 8.6% | | 65.3% | |
| Latest Twelve Months | -37.4% | 6.3% | -31.4% | 16.7% | 4.2% | | 11.8% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -0.9% | -239.5% | -341.8% | -8.6% | 5.4% | | -87.0% | |
| Prior Fiscal Year | -9.5% | -304.8% | -510.5% | -18.5% | 10.2% | | -125.2% | |
| Latest Fiscal Year | -14.8% | -315.0% | -173.0% | -3.3% | 12.1% | | 8.4% | |
| Latest Twelve Months | -3.1% | -315.0% | -230.9% | -6.6% | 12.5% | | -27.9% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.02x | 12.82x | 6.00x | 0.74x | 3.60x | | 2.36x | |
| EV / LTM EBIT | -0.6x | -4.1x | -2.6x | -11.2x | 28.7x | | -8.5x | |
| Price / LTM Sales | 0.33x | 9.41x | 5.23x | 0.37x | 2.68x | | 2.72x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.02x | 3.60x | 12.82x | | | | | |
| Historical EV / LTM Revenue | 1.50x | 2.32x | 3.13x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.23x | 2.35x | 2.46x | | | | | |
| (x) LTM Revenue | 7 | 7 | 7 | | | | | |
| (=) Implied Enterprise Value | 15 | 16 | 17 | | | | | |
| (-) Non-shareholder Claims * | 2 | 2 | 2 | | | | | |
| (=) Equity Value | 18 | 18 | 19 | | | | | |
| (/) Shares Outstanding | 5.2 | 5.2 | 5.2 | | | | | |
| Implied Value Range | 3.36 | 3.52 | 3.67 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 3.36 | 3.52 | 3.67 | | 3.29 | | | |
| Upside / (Downside) | 2.2% | 6.8% | 11.5% | | | | | |