| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| KLIN | SCHN | INRN | Z9H | BCHN | | KARN | |
| SWX:KLIN | SWX:SCHN | SWX:INRN | DB:Z9H | SWX:BCHN | | SWX:KARN | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 1.8% | -0.1% | -1.2% | NM- | 10.4% | | 10.9% | |
| 3Y CAGR | 24.1% | 0.0% | -6.3% | 30.9% | 14.2% | | 20.2% | |
| Latest Twelve Months | 18.1% | -2.2% | -5.3% | 11.9% | 12.1% | | 12.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -3.5% | 9.9% | 15.6% | 20.8% | 10.8% | | 12.7% | |
| Prior Fiscal Year | 7.5% | 10.3% | 15.1% | 16.8% | 12.0% | | 12.8% | |
| Latest Fiscal Year | 6.6% | 11.2% | 14.8% | 22.2% | 12.6% | | 12.9% | |
| Latest Twelve Months | 7.7% | 11.2% | 14.8% | 18.4% | 12.9% | | 12.9% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.46x | 2.26x | 2.83x | 1.57x | 2.00x | | 2.10x | |
| EV / LTM EBIT | 5.9x | 20.2x | 19.1x | 8.6x | 15.5x | | 16.3x | |
| Price / LTM Sales | 0.34x | 2.58x | 3.20x | 2.66x | 1.93x | | 2.32x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.46x | 2.00x | 2.83x | | | | | |
| Historical EV / LTM Revenue | 2.03x | 2.56x | 4.95x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.03x | 2.14x | 2.25x | | | | | |
| (x) LTM Revenue | 791 | 791 | 791 | | | | | |
| (=) Implied Enterprise Value | 1,609 | 1,694 | 1,779 | | | | | |
| (-) Non-shareholder Claims * | 176 | 176 | 176 | | | | | |
| (=) Equity Value | 1,785 | 1,870 | 1,954 | | | | | |
| (/) Shares Outstanding | 7.7 | 7.7 | 7.7 | | | | | |
| Implied Value Range | 231.16 | 242.13 | 253.10 | | | | | |
| FX Rate: EUR/CHF | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 220.39 | 230.85 | 241.31 | | 233.00 | | | |
| Upside / (Downside) | -5.4% | -0.9% | 3.6% | | | | | |