| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| FUR | BAMNB | HOT | DG | POS | | HEIJM | |
| ENXTAM:FUR | ENXTAM:BAMNB | DB:HOT | ENXTPA:DG | WBAG:POS | | ENXTAM:HEIJM | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 6.9% | -2.1% | 5.2% | 8.3% | 4.0% | | 10.1% | |
| 3Y CAGR | 15.9% | -4.1% | 15.9% | 13.2% | 9.1% | | 13.9% | |
| Latest Twelve Months | 4.0% | 2.9% | 20.0% | 4.1% | 2.4% | | 22.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 5.8% | 1.2% | 1.1% | 9.7% | -0.4% | | 3.5% | |
| Prior Fiscal Year | 11.3% | 2.5% | 2.0% | 11.5% | 0.0% | | 3.2% | |
| Latest Fiscal Year | 13.6% | 2.1% | 1.7% | 11.8% | 1.5% | | 4.3% | |
| Latest Twelve Months | 13.6% | 2.1% | 1.7% | 11.8% | 1.5% | | 4.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.66x | 0.11x | 0.35x | 1.25x | 0.15x | | 0.37x | |
| EV / LTM EBIT | 4.8x | 5.3x | 21.0x | 10.5x | 10.0x | | 8.6x | |
| Price / LTM Sales | 0.64x | 0.21x | 0.35x | 0.91x | 0.16x | | 0.41x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.11x | 0.35x | 1.25x | | | | | |
| Historical EV / LTM Revenue | 0.04x | 0.10x | 0.37x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.32x | 0.34x | 0.36x | | | | | |
| (x) LTM Revenue | 2,584 | 2,584 | 2,584 | | | | | |
| (=) Implied Enterprise Value | 831 | 874 | 918 | | | | | |
| (-) Non-shareholder Claims * | 96 | 96 | 96 | | | | | |
| (=) Equity Value | 926 | 970 | 1,014 | | | | | |
| (/) Shares Outstanding | 27.5 | 27.5 | 27.5 | | | | | |
| Implied Value Range | 33.71 | 35.31 | 36.90 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 33.71 | 35.31 | 36.90 | | 38.20 | | | |
| Upside / (Downside) | -11.7% | -7.6% | -3.4% | | | | | |