| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| CTEC | 0ADL | 0Y6X | ZBH | CNMD | | SNN | |
| LSE:CTEC | LSE:0ADL | LSE:0Y6X | NYSE:ZBH | NYSE:CNMD | | NYSE:SNN | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 4.6% | 3.4% | 1.2% | -0.8% | 6.5% | | 2.5% | |
| 3Y CAGR | 3.9% | 3.8% | 2.4% | 4.0% | 9.0% | | 3.7% | |
| Latest Twelve Months | 6.9% | 0.6% | 2.7% | 3.8% | 5.0% | | 4.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 12.5% | 14.5% | 19.0% | 18.0% | 9.6% | | 13.0% | |
| Prior Fiscal Year | 13.7% | 14.4% | 18.5% | 20.4% | 10.2% | | 13.4% | |
| Latest Fiscal Year | 15.3% | 15.4% | 19.8% | 20.8% | 12.2% | | 15.2% | |
| Latest Twelve Months | 15.3% | 15.4% | 20.3% | 20.8% | 12.2% | | 15.2% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 3.53x | 1.75x | 3.73x | 3.32x | 1.84x | | 2.46x | |
| EV / LTM EBIT | 23.0x | 11.4x | 18.4x | 16.0x | 15.1x | | 16.1x | |
| Price / LTM Sales | 3.00x | 1.43x | 3.16x | 2.53x | 1.14x | | 1.97x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.75x | 3.32x | 3.73x | | | | | |
| Historical EV / LTM Revenue | 2.46x | 2.72x | 4.43x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.83x | 2.98x | 3.13x | | | | | |
| (x) LTM Revenue | 5,810 | 5,810 | 5,810 | | | | | |
| (=) Implied Enterprise Value | 16,450 | 17,316 | 18,181 | | | | | |
| (-) Non-shareholder Claims * | (2,686) | (2,686) | (2,686) | | | | | |
| (=) Equity Value | 13,764 | 14,630 | 15,495 | | | | | |
| (/) Shares Outstanding | 435.1 | 435.1 | 435.1 | | | | | |
| Implied Value Range | 31.64 | 33.63 | 35.62 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 31.64 | 33.63 | 35.62 | | 26.16 | | | |
| Upside / (Downside) | 20.9% | 28.5% | 36.2% | | | | | |