| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| OSS | DELL | HPE | NTAP | HPQ | | SMCI | |
| NasdaqCM:OSS | NYSE:DELL | NYSE:HPE | NasdaqGS:NTAP | NYSE:HPQ | | NasdaqGS:SMCI | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -1.3% | 2.4% | 0.7% | 0.4% | -1.8% | | 33.8% | |
| 3Y CAGR | -4.1% | -1.9% | 2.7% | 3.0% | -5.5% | | 61.5% | |
| Latest Twelve Months | -10.2% | 8.1% | 11.2% | 5.3% | 1.5% | | 125.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -1.9% | 5.4% | 7.9% | 18.6% | 8.0% | | 6.5% | |
| Prior Fiscal Year | -3.8% | 6.6% | 8.4% | 18.2% | 8.1% | | 10.7% | |
| Latest Fiscal Year | -24.4% | 6.5% | 8.3% | 20.2% | 7.9% | | 8.1% | |
| Latest Twelve Months | -24.4% | 6.5% | 8.2% | 21.5% | 7.6% | | 7.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.91x | 0.92x | 0.81x | 2.87x | 0.64x | | 1.18x | |
| EV / LTM EBIT | -3.7x | 14.1x | 9.9x | 13.4x | 8.4x | | 15.9x | |
| Price / LTM Sales | 1.04x | 0.71x | 0.67x | 2.87x | 0.49x | | 1.16x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.64x | 0.91x | 2.87x | | | | | |
| Historical EV / LTM Revenue | 0.37x | 0.52x | 4.04x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.22x | 1.29x | 1.35x | | | | | |
| (x) LTM Revenue | 20,820 | 20,820 | 20,820 | | | | | |
| (=) Implied Enterprise Value | 25,440 | 26,779 | 28,118 | | | | | |
| (-) Non-shareholder Claims * | (461) | (461) | (461) | | | | | |
| (=) Equity Value | 24,979 | 26,318 | 27,657 | | | | | |
| (/) Shares Outstanding | 593.5 | 593.5 | 593.5 | | | | | |
| Implied Value Range | 42.09 | 44.35 | 46.60 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 42.09 | 44.35 | 46.60 | | 39.10 | | | |
| Upside / (Downside) | 7.6% | 13.4% | 19.2% | | | | | |