| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 4110 | 9560 | IQCD | HBTS5 | AHCS | | 1212 | |
| SASE:4110 | SASE:9560 | DSM:IQCD | BOVESPA:HBTS5 | DSM:AHCS | | SASE:1212 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 0.8% | NM- | 19.9% | NM- | 10.2% | | 10.4% | |
| 3Y CAGR | 0.5% | 41.9% | -3.7% | -41.7% | 9.6% | | 9.5% | |
| Latest Twelve Months | 0.3% | 98.4% | 7.7% | -83.3% | 1.1% | | 8.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -0.4% | 20.2% | 18.8% | -115.0% | 17.1% | | 15.7% | |
| Prior Fiscal Year | 1.0% | 20.4% | 14.6% | 54.6% | 16.6% | | 18.9% | |
| Latest Fiscal Year | -10.8% | 19.9% | 15.7% | -111.1% | 18.0% | | 21.5% | |
| Latest Twelve Months | -10.8% | 15.4% | 15.7% | -111.1% | 18.0% | | 21.5% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 3.42x | 2.74x | 4.54x | 3.22x | 2.40x | | 3.72x | |
| EV / LTM EBIT | -31.6x | 17.8x | 28.9x | -2.9x | 13.3x | | 17.3x | |
| Price / LTM Sales | 3.06x | 2.71x | 5.97x | 5.10x | 2.53x | | 4.04x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 2.40x | 3.22x | 4.54x | | | | | |
| Historical EV / LTM Revenue | 1.57x | 1.67x | 3.72x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.51x | 2.65x | 2.78x | | | | | |
| (x) LTM Revenue | 3,062 | 3,062 | 3,062 | | | | | |
| (=) Implied Enterprise Value | 7,696 | 8,101 | 8,506 | | | | | |
| (-) Non-shareholder Claims * | 969 | 969 | 969 | | | | | |
| (=) Equity Value | 8,665 | 9,070 | 9,476 | | | | | |
| (/) Shares Outstanding | 80.0 | 80.0 | 80.0 | | | | | |
| Implied Value Range | 108.32 | 113.38 | 118.44 | | | | | |
| FX Rate: SAR/SAR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 108.32 | 113.38 | 118.44 | | 157.80 | | | |
| Upside / (Downside) | -31.4% | -28.1% | -24.9% | | | | | |