| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| MTX | HAG | SEJ1 | AIR | FMNB | | RHM | |
| XTRA:MTX | XTRA:HAG | XTRA:SEJ1 | XTRA:AIR | DB:FMNB | | DB:RHM | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 9.9% | 15.0% | 1.9% | -0.4% | 5.2% | | 9.0% | |
| 3Y CAGR | 21.0% | 15.0% | 21.9% | 9.9% | 7.9% | | 19.9% | |
| Latest Twelve Months | 38.2% | 21.3% | 17.2% | 5.8% | 16.2% | | 35.9% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 6.6% | 7.5% | 11.4% | 5.5% | 7.3% | | 10.6% | |
| Prior Fiscal Year | -5.1% | 8.8% | 13.4% | 6.5% | 7.1% | | 12.0% | |
| Latest Fiscal Year | 11.2% | 8.2% | 14.6% | 6.9% | 7.9% | | 14.6% | |
| Latest Twelve Months | 11.2% | 8.2% | 14.6% | 6.9% | 7.9% | | 14.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.98x | 3.41x | 3.05x | 1.31x | 1.46x | | 6.01x | |
| EV / LTM EBIT | 17.6x | 41.6x | 20.9x | 18.9x | 18.4x | | 41.3x | |
| Price / LTM Sales | 2.05x | 3.12x | 3.18x | 1.62x | 1.37x | | 5.85x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.31x | 1.98x | 3.41x | | | | | |
| Historical EV / LTM Revenue | 0.71x | 1.54x | 6.01x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.45x | 3.63x | 3.81x | | | | | |
| (x) LTM Revenue | 9,751 | 9,751 | 9,751 | | | | | |
| (=) Implied Enterprise Value | 33,653 | 35,424 | 37,195 | | | | | |
| (-) Non-shareholder Claims * | (1,169) | (1,169) | (1,169) | | | | | |
| (=) Equity Value | 32,484 | 34,255 | 36,026 | | | | | |
| (/) Shares Outstanding | 43.4 | 43.4 | 43.4 | | | | | |
| Implied Value Range | 747.84 | 788.61 | 829.39 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 747.84 | 788.61 | 829.39 | | 1,258.00 | | | |
| Upside / (Downside) | -40.6% | -37.3% | -34.1% | | | | | |