| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| ALUVI | ALAGP | PIG | ALO | BALYO | | ALROC | |
| ENXTPA:ALUVI | ENXTPA:ALAGP | ENXTPA:PIG | ENXTPA:ALO | ENXTPA:BALYO | | ENXTPA:ALROC | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 9.3% | -28.0% | 1.0% | 16.9% | 7.3% | | 4.5% | |
| 3Y CAGR | 6.7% | -45.0% | 8.8% | 26.1% | 10.2% | | 11.9% | |
| Latest Twelve Months | 11.0% | -0.7% | -15.7% | 6.2% | 9.2% | | -30.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 0.8% | -54.8% | 3.1% | 3.2% | -32.8% | | -18.0% | |
| Prior Fiscal Year | 0.2% | -37.9% | 3.5% | 1.6% | -30.0% | | -1.1% | |
| Latest Fiscal Year | 3.5% | -334.1% | 7.2% | 2.6% | -36.9% | | -7.9% | |
| Latest Twelve Months | 2.8% | -117.1% | 7.2% | 3.0% | -36.9% | | -39.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.53x | 0.36x | 0.48x | 0.52x | 2.76x | | 0.46x | |
| EV / LTM EBIT | 18.8x | -0.3x | 6.7x | 17.5x | -7.5x | | -1.2x | |
| Price / LTM Sales | 0.94x | 1.22x | 0.12x | 0.47x | 2.07x | | 0.37x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.36x | 0.52x | 2.76x | | | | | |
| Historical EV / LTM Revenue | 1.16x | 1.99x | 2.66x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.64x | 0.68x | 0.71x | | | | | |
| (x) LTM Revenue | 7 | 7 | 7 | | | | | |
| (=) Implied Enterprise Value | 5 | 5 | 5 | | | | | |
| (-) Non-shareholder Claims * | (1) | (1) | (1) | | | | | |
| (=) Equity Value | 4 | 4 | 4 | | | | | |
| (/) Shares Outstanding | 6.8 | 6.8 | 6.8 | | | | | |
| Implied Value Range | 0.59 | 0.62 | 0.66 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.59 | 0.62 | 0.66 | | 0.39 | | | |
| Upside / (Downside) | 50.0% | 59.3% | 68.5% | | | | | |