| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| JY0 | M3BK | OL40 | VNE | GUL | | C3RY | |
| XTRA:JY0 | XTRA:M3BK | DB:OL40 | BIT:VNE | DB:GUL | | XTRA:C3RY | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | NM- | NM- | 121.4% | NM- | 8.0% | | NM- | |
| 3Y CAGR | NM- | NM- | 302.1% | NM- | -0.4% | | 51.7% | |
| Latest Twelve Months | NM | NM | 126.3% | NM | -8.0% | | -0.8% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 35.6% | 15.6% | 49.4% | -1.2% | 11.6% | | -10.7% | |
| Prior Fiscal Year | 47.9% | -7.2% | 82.7% | 2.2% | 18.2% | | -3.1% | |
| Latest Fiscal Year | 15.3% | 0.2% | 87.4% | -5.3% | 2.1% | | -50.6% | |
| Latest Twelve Months | 14.7% | 47.1% | 67.9% | -1.0% | 7.9% | | -48.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 7.80x | 0.39x | 0.24x | 0.60x | 0.45x | | 0.45x | |
| EV / LTM EBIT | 53.1x | 0.8x | 0.4x | -62.1x | 5.7x | | -0.9x | |
| Price / LTM Sales | 7.59x | 0.26x | 0.31x | 0.39x | 0.67x | | 0.16x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.24x | 0.45x | 7.80x | | | | | |
| Historical EV / LTM Revenue | 0.76x | 1.06x | 3.96x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.54x | 0.56x | 0.59x | | | | | |
| (x) LTM Revenue | 122 | 122 | 122 | | | | | |
| (=) Implied Enterprise Value | 66 | 69 | 72 | | | | | |
| (-) Non-shareholder Claims * | (35) | (35) | (35) | | | | | |
| (=) Equity Value | 31 | 34 | 38 | | | | | |
| (/) Shares Outstanding | 23.2 | 23.2 | 23.2 | | | | | |
| Implied Value Range | 1.32 | 1.47 | 1.62 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1.32 | 1.47 | 1.62 | | 0.85 | | | |
| Upside / (Downside) | 55.7% | 73.2% | 90.7% | | | | | |