| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 0QPS | IFF | ZTF | 0G6T | CRDA | | TTTR.F | |
| LSE:0QPS | NYSE:IFF | LSE:ZTF | LSE:0G6T | LSE:CRDA | | OTCPK:TTTR.F | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 3.6% | 17.4% | 12.8% | 8.0% | 3.4% | | 6.3% | |
| 3Y CAGR | 3.5% | -0.5% | 13.6% | 9.3% | -4.8% | | 7.2% | |
| Latest Twelve Months | 7.2% | 0.0% | 16.4% | 5.7% | -3.9% | | 3.8% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 16.4% | 8.6% | 10.7% | 12.7% | 19.7% | | 13.4% | |
| Prior Fiscal Year | 16.1% | 5.3% | 11.8% | 11.3% | 14.9% | | 12.5% | |
| Latest Fiscal Year | 18.9% | 6.3% | 12.2% | 14.2% | 14.2% | | 13.1% | |
| Latest Twelve Months | 18.9% | 6.3% | 12.2% | 14.2% | 14.2% | | 13.1% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 5.16x | 2.43x | 1.01x | 2.90x | 2.59x | | 0.86x | |
| EV / LTM EBIT | 27.3x | 38.6x | 8.3x | 20.4x | 18.2x | | 6.5x | |
| Price / LTM Sales | 4.62x | 1.63x | 0.78x | 2.64x | 2.26x | | 0.85x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.01x | 2.59x | 5.16x | | | | | |
| Historical EV / LTM Revenue | 0.86x | 2.77x | 5.08x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.79x | 1.88x | 1.97x | | | | | |
| (x) LTM Revenue | 153 | 153 | 153 | | | | | |
| (=) Implied Enterprise Value | 273 | 288 | 302 | | | | | |
| (-) Non-shareholder Claims * | (1) | (1) | (1) | | | | | |
| (=) Equity Value | 273 | 287 | 301 | | | | | |
| (/) Shares Outstanding | 60.8 | 60.8 | 60.8 | | | | | |
| Implied Value Range | 4.48 | 4.72 | 4.95 | | | | | |
| FX Rate: GBP/USD | 0.8 | 0.8 | 0.8 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 5.86 | 6.16 | 6.47 | | 4.84 | | | |
| Upside / (Downside) | 21.0% | 27.4% | 33.8% | | | | | |