| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| AOF | NEM | OSP2 | EXL | ITU | | SAPG | |
| XTRA:AOF | XTRA:NEM | HMSE:OSP2 | XTRA:EXL | XTRA:ITU | | XTRA:SAPG | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 19.0% | 12.3% | 7.9% | 11.1% | 19.1% | | 4.4% | |
| 3Y CAGR | 20.7% | 13.5% | 7.2% | 10.1% | 19.1% | | 8.2% | |
| Latest Twelve Months | 12.8% | 16.9% | 3.0% | 12.8% | 13.7% | | 9.5% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 30.5% | 23.2% | 7.2% | -59.4% | 24.0% | | 22.0% | |
| Prior Fiscal Year | 34.2% | 23.6% | 9.0% | -23.7% | 21.9% | | 20.9% | |
| Latest Fiscal Year | 37.3% | 23.3% | 5.7% | -0.7% | 23.7% | | 23.8% | |
| Latest Twelve Months | 37.3% | 23.3% | 6.2% | -0.7% | 23.6% | | 23.8% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 11.28x | 13.19x | 1.63x | 1.85x | 10.01x | | 8.23x | |
| EV / LTM EBIT | 30.3x | 56.5x | 26.1x | -267.7x | 42.4x | | 34.5x | |
| Price / LTM Sales | 11.90x | 12.79x | 1.69x | 2.23x | 9.75x | | 8.42x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.63x | 10.01x | 13.19x | | | | | |
| Historical EV / LTM Revenue | 3.71x | 5.05x | 8.23x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 6.47x | 6.82x | 7.16x | | | | | |
| (x) LTM Revenue | 34,176 | 34,176 | 34,176 | | | | | |
| (=) Implied Enterprise Value | 221,280 | 232,926 | 244,573 | | | | | |
| (-) Non-shareholder Claims * | 6,613 | 6,613 | 6,613 | | | | | |
| (=) Equity Value | 227,893 | 239,539 | 251,186 | | | | | |
| (/) Shares Outstanding | 1,166.6 | 1,166.6 | 1,166.6 | | | | | |
| Implied Value Range | 195.35 | 205.33 | 215.32 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 195.35 | 205.33 | 215.32 | | 246.75 | | | |
| Upside / (Downside) | -20.8% | -16.8% | -12.7% | | | | | |