| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| GPX | ACCON | IS | OURLIV | THUNDR | | FRWA B | |
| OM:GPX | OM:ACCON | OM:IS | NGM:OURLIV | OM:THUNDR | | NGM:FRWAB | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 21.5% | 56.3% | -1.2% | 4.0% | 20.0% | | 91.9% | |
| 3Y CAGR | 24.1% | 18.1% | 8.0% | 37.8% | -54.9% | | 124.8% | |
| Latest Twelve Months | 10.3% | 44.5% | 17.0% | -59.0% | -90.1% | | -41.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -19.8% | -285.1% | -0.5% | -183.7% | -17.2% | | -22.8% | |
| Prior Fiscal Year | -1.6% | -131.9% | -2.8% | -107.1% | -20.1% | | 0.2% | |
| Latest Fiscal Year | -5.4% | -56.2% | 4.4% | -91.4% | -313.3% | | -8.6% | |
| Latest Twelve Months | -5.4% | -56.2% | 4.4% | -91.4% | -313.3% | | -8.5% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.68x | 5.90x | 1.07x | 2.79x | 0.15x | | 0.64x | |
| EV / LTM EBIT | -30.8x | -10.5x | 24.2x | -3.1x | 0.0x | | -7.5x | |
| Price / LTM Sales | 1.81x | 6.95x | 1.03x | 2.34x | 0.18x | | 0.62x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.15x | 1.68x | 5.90x | | | | | |
| Historical EV / LTM Revenue | 0.04x | 0.43x | 11.60x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.88x | 0.93x | 0.97x | | | | | |
| (x) LTM Revenue | 63 | 63 | 63 | | | | | |
| (=) Implied Enterprise Value | 55 | 58 | 61 | | | | | |
| (-) Non-shareholder Claims * | (2) | (2) | (2) | | | | | |
| (=) Equity Value | 54 | 57 | 60 | | | | | |
| (/) Shares Outstanding | 124.9 | 124.9 | 124.9 | | | | | |
| Implied Value Range | 0.43 | 0.46 | 0.48 | | | | | |
| FX Rate: SEK/SEK | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.43 | 0.46 | 0.48 | | 0.31 | | | |
| Upside / (Downside) | 38.3% | 45.8% | 53.3% | | | | | |