| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| COHR | 2038 | 2281 | AAOI | LITE | | FITG.F | |
| NYSE:COHR | SEHK:2038 | SZSE:002281 | NasdaqGM:AAOI | NasdaqGS:LITE | | PINC:FITG.F | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 28.1% | -16.9% | 9.2% | 5.5% | -2.8% | | 0.4% | |
| 3Y CAGR | 14.9% | -12.7% | 8.4% | 5.6% | -8.0% | | -0.3% | |
| Latest Twelve Months | 14.6% | -11.5% | 51.3% | 14.6% | -1.7% | | 6.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 8.3% | -1.8% | 7.4% | -25.4% | 4.1% | | 4.5% | |
| Prior Fiscal Year | 7.2% | -3.8% | 7.5% | -19.0% | -1.7% | | 5.2% | |
| Latest Fiscal Year | 2.6% | -0.3% | 7.5% | -28.4% | -25.3% | | 7.3% | |
| Latest Twelve Months | 6.7% | -0.3% | 8.5% | -28.4% | -22.9% | | 7.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 3.00x | -0.10x | 3.39x | 3.03x | 4.14x | | 0.48x | |
| EV / LTM EBIT | 44.8x | 33.6x | 40.0x | -10.6x | -18.1x | | 6.5x | |
| Price / LTM Sales | 1.88x | 0.13x | 3.64x | 2.53x | 2.93x | | 0.40x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | -0.10x | 3.03x | 4.14x | | | | | |
| Historical EV / LTM Revenue | 0.23x | 0.44x | 0.59x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.52x | 0.54x | 0.57x | | | | | |
| (x) LTM Revenue | 4,451 | 4,451 | 4,451 | | | | | |
| (=) Implied Enterprise Value | 2,296 | 2,417 | 2,538 | | | | | |
| (-) Non-shareholder Claims * | (333) | (333) | (333) | | | | | |
| (=) Equity Value | 1,963 | 2,084 | 2,205 | | | | | |
| (/) Shares Outstanding | 7,090.0 | 7,090.0 | 7,090.0 | | | | | |
| Implied Value Range | 0.28 | 0.29 | 0.31 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.28 | 0.29 | 0.31 | | 0.26 | | | |
| Upside / (Downside) | 7.4% | 14.0% | 20.6% | | | | | |