| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 0P6M | RNO | HON | SFR | 0Y5X | | SMGZ.Y | |
| LSE:0P6M | AIM:RNO | NasdaqGS:HON | LSE:SFR | LSE:0Y5X | | OTCPK:SMGZ.Y | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 5.4% | 3.9% | 1.0% | 11.0% | 6.7% | | 4.6% | |
| 3Y CAGR | 6.8% | 13.5% | 3.8% | 8.5% | 2.7% | | 9.2% | |
| Latest Twelve Months | 2.7% | -6.5% | 5.0% | 6.0% | -0.5% | | 6.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 10.7% | 7.3% | 20.8% | 6.3% | 17.7% | | 13.3% | |
| Prior Fiscal Year | 12.6% | 9.0% | 20.6% | 6.0% | 19.1% | | 14.5% | |
| Latest Fiscal Year | 12.7% | 11.1% | 21.3% | 6.0% | 22.0% | | 14.2% | |
| Latest Twelve Months | 12.3% | 11.3% | 21.3% | 6.3% | 22.0% | | 14.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.74x | 0.61x | 4.21x | 0.10x | 3.96x | | 2.15x | |
| EV / LTM EBIT | 22.2x | 5.4x | 19.7x | 1.6x | 18.0x | | 14.9x | |
| Price / LTM Sales | 2.20x | 0.35x | 3.64x | 0.12x | 3.55x | | 2.05x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.10x | 2.74x | 4.21x | | | | | |
| Historical EV / LTM Revenue | 2.15x | 2.60x | 3.02x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.11x | 2.22x | 2.33x | | | | | |
| (x) LTM Revenue | 3,233 | 3,233 | 3,233 | | | | | |
| (=) Implied Enterprise Value | 6,826 | 7,186 | 7,545 | | | | | |
| (-) Non-shareholder Claims * | (317) | (317) | (317) | | | | | |
| (=) Equity Value | 6,509 | 6,869 | 7,228 | | | | | |
| (/) Shares Outstanding | 339.1 | 339.1 | 339.1 | | | | | |
| Implied Value Range | 19.20 | 20.25 | 21.31 | | | | | |
| FX Rate: GBP/USD | 0.8 | 0.8 | 0.8 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 24.92 | 26.29 | 27.67 | | 25.79 | | | |
| Upside / (Downside) | -3.4% | 1.9% | 7.3% | | | | | |