| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| VVX | TGI | CVU | VTSI | MOG.A | | KTOS | |
| NYSE:VVX | NYSE:TGI | NYSEAM:CVU | NasdaqCM:VTSI | NYSE:MOG.A | | NasdaqGS:KTOS | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 25.6% | -18.7% | 4.2% | 16.0% | 4.4% | | 9.6% | |
| 3Y CAGR | 34.3% | -13.9% | -0.4% | 25.8% | 8.2% | | 11.9% | |
| Latest Twelve Months | 9.1% | 7.2% | -4.9% | -13.1% | 7.2% | | 9.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 3.3% | 9.5% | 2.2% | 11.8% | 8.8% | | 3.1% | |
| Prior Fiscal Year | 3.1% | 10.3% | 5.9% | 9.2% | 9.1% | | 3.1% | |
| Latest Fiscal Year | 3.7% | 9.7% | 7.3% | 25.3% | 10.4% | | 2.9% | |
| Latest Twelve Months | 3.7% | 12.1% | 7.5% | 18.4% | 10.5% | | 2.9% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.58x | 2.26x | 0.78x | 1.52x | 1.87x | | 4.19x | |
| EV / LTM EBIT | 15.7x | 18.6x | 10.4x | 8.3x | 17.8x | | 144.8x | |
| Price / LTM Sales | 0.37x | 1.59x | 0.54x | 1.88x | 1.54x | | 4.23x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.58x | 1.52x | 2.26x | | | | | |
| Historical EV / LTM Revenue | 1.83x | 3.02x | 4.67x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.10x | 3.27x | 3.43x | | | | | |
| (x) LTM Revenue | 1,136 | 1,136 | 1,136 | | | | | |
| (=) Implied Enterprise Value | 3,525 | 3,711 | 3,896 | | | | | |
| (-) Non-shareholder Claims * | 37 | 37 | 37 | | | | | |
| (=) Equity Value | 3,563 | 3,748 | 3,934 | | | | | |
| (/) Shares Outstanding | 152.8 | 152.8 | 152.8 | | | | | |
| Implied Value Range | 23.31 | 24.52 | 25.74 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 23.31 | 24.52 | 25.74 | | 31.42 | | | |
| Upside / (Downside) | -25.8% | -21.9% | -18.1% | | | | | |