| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| BC | MONC | JN0 | AEF | TPR | | PRP | |
| BIT:BC | BIT:MONC | DB:JN0 | BIT:AEF | NYSE:TPR | | DB:PRP | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 16.0% | 13.8% | 9.9% | -0.1% | 2.1% | | 11.0% | |
| 3Y CAGR | 21.5% | 15.0% | 23.1% | 2.5% | 5.1% | | 17.3% | |
| Latest Twelve Months | 12.2% | 4.2% | 17.7% | 9.1% | 0.7% | | 14.9% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 12.8% | 28.5% | 9.6% | 0.2% | 16.3% | | 16.1% | |
| Prior Fiscal Year | 17.4% | 30.0% | 10.5% | -6.5% | 17.7% | | 22.4% | |
| Latest Fiscal Year | 16.8% | 29.5% | 11.8% | 13.5% | 18.8% | | 23.6% | |
| Latest Twelve Months | 16.8% | 29.5% | 9.2% | 13.5% | 19.8% | | 23.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 6.33x | 5.19x | 1.24x | 0.61x | 2.69x | | 3.42x | |
| EV / LTM EBIT | 37.7x | 17.6x | 13.5x | 4.5x | 13.6x | | 14.5x | |
| Price / LTM Sales | 5.71x | 5.27x | 0.86x | 0.18x | 2.23x | | 3.11x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.61x | 2.69x | 6.33x | | | | | |
| Historical EV / LTM Revenue | 3.28x | 3.86x | 6.55x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.38x | 3.56x | 3.74x | | | | | |
| (x) LTM Revenue | 5,432 | 5,432 | 5,432 | | | | | |
| (=) Implied Enterprise Value | 18,372 | 19,338 | 20,305 | | | | | |
| (-) Non-shareholder Claims * | (1,758) | (1,758) | (1,758) | | | | | |
| (=) Equity Value | 16,613 | 17,580 | 18,547 | | | | | |
| (/) Shares Outstanding | 2,558.8 | 2,558.8 | 2,558.8 | | | | | |
| Implied Value Range | 6.49 | 6.87 | 7.25 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 6.49 | 6.87 | 7.25 | | 6.70 | | | |
| Upside / (Downside) | -3.0% | 2.6% | 8.2% | | | | | |