| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| GAN | PRKS | AGS | MSC | PRKA | | NGCR.F | |
| NasdaqCM:GAN | NYSE:PRKS | NYSE:AGS | NYSE:MSC | OTCPK:PRKA | | OTCPK:NGCR.F | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 35.1% | 4.3% | 5.3% | 0.4% | 9.9% | | -21.3% | |
| 3Y CAGR | 2.8% | 4.7% | 15.0% | 81.5% | -5.8% | | 35.2% | |
| Latest Twelve Months | 4.3% | -0.1% | 10.8% | 43.5% | 3.3% | | 5.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -19.9% | 15.4% | 6.6% | -310.0% | 19.3% | | 18.8% | |
| Prior Fiscal Year | -23.4% | 28.8% | 16.5% | -6.5% | 2.7% | | 39.1% | |
| Latest Fiscal Year | -2.7% | 28.2% | 18.5% | 6.1% | 7.5% | | 30.6% | |
| Latest Twelve Months | -2.7% | 28.2% | 18.5% | 6.1% | 8.3% | | 30.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.68x | 2.68x | 2.52x | 4.26x | 3.02x | | 3.38x | |
| EV / LTM EBIT | -25.3x | 9.5x | 13.6x | 70.0x | 36.4x | | 11.1x | |
| Price / LTM Sales | 0.59x | 1.37x | 1.25x | 0.97x | 2.94x | | 3.40x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.68x | 2.68x | 4.26x | | | | | |
| Historical EV / LTM Revenue | 3.38x | 5.38x | 11.46x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 4.29x | 4.52x | 4.75x | | | | | |
| (x) LTM Revenue | 528 | 528 | 528 | | | | | |
| (=) Implied Enterprise Value | 2,269 | 2,388 | 2,508 | | | | | |
| (-) Non-shareholder Claims * | 7 | 7 | 7 | | | | | |
| (=) Equity Value | 2,276 | 2,396 | 2,515 | | | | | |
| (/) Shares Outstanding | 4,423.0 | 4,423.0 | 4,423.0 | | | | | |
| Implied Value Range | 0.51 | 0.54 | 0.57 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.51 | 0.54 | 0.57 | | 0.37 | | | |
| Upside / (Downside) | 39.1% | 46.4% | 53.7% | | | | | |