| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| SNN | H2O | EL | MRY | REHN | | TEL | |
| BVB:SNN | BVB:H2O | BVB:EL | DB:MRY | SWX:REHN | | BVB:TEL | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 28.8% | 17.3% | 11.4% | 11.3% | 9.8% | | 26.4% | |
| 3Y CAGR | 45.1% | 12.3% | 14.1% | 18.7% | 10.9% | | 27.7% | |
| Latest Twelve Months | -16.4% | -24.6% | -18.1% | 17.8% | -9.1% | | 66.8% | |
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| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 34.9% | 56.1% | 2.9% | 13.7% | 8.3% | | 6.0% | |
| Prior Fiscal Year | 46.1% | 59.1% | 9.0% | 17.8% | 9.9% | | 5.1% | |
| Latest Fiscal Year | 32.3% | 48.3% | 7.0% | 10.8% | 2.7% | | 7.4% | |
| Latest Twelve Months | 33.4% | 48.3% | 7.0% | 7.8% | 2.7% | | 7.4% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.33x | 5.41x | 0.80x | 2.83x | 0.69x | | 0.32x | |
| EV / LTM EBIT | 4.0x | 11.2x | 11.4x | 36.4x | 25.4x | | 4.3x | |
| Price / LTM Sales | 2.03x | 5.92x | 0.39x | 2.23x | 1.33x | | 0.41x | |
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| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.69x | 1.33x | 5.41x | | | | | |
| Historical EV / LTM Revenue | 0.29x | 0.33x | 0.67x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.42x | 0.45x | 0.47x | | | | | |
| (x) LTM Revenue | 7,879 | 7,879 | 7,879 | | | | | |
| (=) Implied Enterprise Value | 3,336 | 3,512 | 3,688 | | | | | |
| (-) Non-shareholder Claims * | 719 | 719 | 719 | | | | | |
| (=) Equity Value | 4,055 | 4,231 | 4,406 | | | | | |
| (/) Shares Outstanding | 73.3 | 73.3 | 73.3 | | | | | |
| Implied Value Range | 55.32 | 57.71 | 60.11 | | | | | |
| FX Rate: RON/RON | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 55.32 | 57.71 | 60.11 | | 43.60 | | | |
| Upside / (Downside) | 26.9% | 32.4% | 37.9% | | | | | |