| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| SPT | IIIV | SWI | NABL | RMNI | | CXM | |
| NasdaqCM:SPT | NasdaqGS:IIIV | NYSE:SWI | NYSE:NABL | NasdaqGM:RMNI | | NYSE:CXM | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 31.6% | -9.4% | 3.6% | 12.1% | 8.8% | | 19.7% | |
| 3Y CAGR | 29.3% | 0.9% | 3.5% | 10.4% | 4.6% | | 17.4% | |
| Latest Twelve Months | 21.7% | 20.8% | 5.0% | 10.5% | -0.6% | | 8.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -22.0% | 4.7% | 14.4% | 13.4% | 10.2% | | -5.7% | |
| Prior Fiscal Year | -19.5% | 4.0% | 19.5% | 16.8% | 12.4% | | 5.2% | |
| Latest Fiscal Year | -14.1% | 4.1% | 27.4% | 17.3% | 8.9% | | 3.4% | |
| Latest Twelve Months | -14.1% | 5.1% | 27.4% | 17.3% | 8.9% | | 3.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.76x | 2.71x | 5.21x | 3.36x | 0.71x | | 1.77x | |
| EV / LTM EBIT | -19.6x | 52.8x | 19.0x | 19.4x | 7.9x | | 52.6x | |
| Price / LTM Sales | 2.88x | 2.35x | 3.96x | 2.75x | 0.69x | | 2.31x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.71x | 2.76x | 5.21x | | | | | |
| Historical EV / LTM Revenue | 1.77x | 3.74x | 5.06x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.96x | 3.11x | 3.27x | | | | | |
| (x) LTM Revenue | 796 | 796 | 796 | | | | | |
| (=) Implied Enterprise Value | 2,355 | 2,479 | 2,603 | | | | | |
| (-) Non-shareholder Claims * | 435 | 435 | 435 | | | | | |
| (=) Equity Value | 2,790 | 2,914 | 3,038 | | | | | |
| (/) Shares Outstanding | 255.9 | 255.9 | 255.9 | | | | | |
| Implied Value Range | 10.90 | 11.39 | 11.87 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 10.90 | 11.39 | 11.87 | | 7.20 | | | |
| Upside / (Downside) | 51.4% | 58.2% | 64.9% | | | | | |