| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| ITRI | CGNX | NTGR | SCKT | TEL | | ZBRA | |
| NasdaqGS:ITRI | NasdaqGS:CGNX | NasdaqGS:NTGR | NasdaqCM:SCKT | NYSE:TEL | | NasdaqGS:ZBRA | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -0.5% | 4.7% | -7.6% | -0.5% | 3.3% | | 2.1% | |
| 3Y CAGR | 7.2% | -4.1% | -16.8% | -6.8% | 2.0% | | -4.0% | |
| Latest Twelve Months | 12.3% | 9.2% | -9.1% | 10.2% | -1.1% | | 8.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 4.7% | 22.1% | -0.6% | -3.0% | 17.2% | | 15.6% | |
| Prior Fiscal Year | 7.9% | 14.7% | -3.8% | -18.3% | 16.6% | | 12.8% | |
| Latest Fiscal Year | 10.9% | 12.6% | -10.7% | -13.1% | 18.5% | | 15.4% | |
| Latest Twelve Months | 10.9% | 12.6% | -10.7% | -13.1% | 18.7% | | 15.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.97x | 5.12x | 0.49x | 0.68x | 2.68x | | 3.26x | |
| EV / LTM EBIT | 18.2x | 40.7x | -4.6x | -5.2x | 14.4x | | 21.2x | |
| Price / LTM Sales | 1.87x | 5.68x | 1.07x | 0.45x | 2.49x | | 2.97x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.49x | 1.97x | 5.12x | | | | | |
| Historical EV / LTM Revenue | 2.70x | 3.26x | 5.97x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.57x | 3.76x | 3.94x | | | | | |
| (x) LTM Revenue | 4,981 | 4,981 | 4,981 | | | | | |
| (=) Implied Enterprise Value | 17,771 | 18,706 | 19,642 | | | | | |
| (-) Non-shareholder Claims * | (1,351) | (1,351) | (1,351) | | | | | |
| (=) Equity Value | 16,420 | 17,355 | 18,291 | | | | | |
| (/) Shares Outstanding | 51.4 | 51.4 | 51.4 | | | | | |
| Implied Value Range | 319.58 | 337.79 | 355.99 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 319.58 | 337.79 | 355.99 | | 287.57 | | | |
| Upside / (Downside) | 11.1% | 17.5% | 23.8% | | | | | |