| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| FOJE | PTR | PRSN | COTN | UPET | | FOSB | |
| BVB:FOJE | BVB:PTR | BVB:PRSN | BVB:COTN | BVB:UPET | | BVB:FOSB | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 4.7% | 2.5% | -0.7% | -6.1% | -11.4% | | 2.1% | |
| 3Y CAGR | 35.8% | 18.8% | 14.0% | -1.1% | 39.0% | | 30.8% | |
| Latest Twelve Months | 19.2% | -1.6% | -38.5% | 6.6% | -2.9% | | 91.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 7.7% | 3.0% | -2.2% | -1.9% | -15.8% | | 1.2% | |
| Prior Fiscal Year | 14.9% | 13.6% | 14.4% | 2.1% | 18.7% | | -3.8% | |
| Latest Fiscal Year | 11.8% | 7.9% | 2.4% | 2.6% | 22.7% | | 3.3% | |
| Latest Twelve Months | 11.8% | 5.6% | -4.5% | 2.6% | 22.7% | | 3.3% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.40x | 2.14x | 0.42x | 0.19x | 2.39x | | 1.92x | |
| EV / LTM EBIT | 11.8x | 38.1x | -9.2x | 7.3x | 10.6x | | 58.0x | |
| Price / LTM Sales | 1.16x | 2.34x | 0.55x | 0.14x | 3.18x | | 2.20x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.19x | 1.40x | 2.39x | | | | | |
| Historical EV / LTM Revenue | 0.64x | 1.21x | 3.10x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.54x | 1.62x | 1.70x | | | | | |
| (x) LTM Revenue | 134 | 134 | 134 | | | | | |
| (=) Implied Enterprise Value | 205 | 216 | 227 | | | | | |
| (-) Non-shareholder Claims * | 38 | 38 | 38 | | | | | |
| (=) Equity Value | 243 | 254 | 265 | | | | | |
| (/) Shares Outstanding | 654.7 | 654.7 | 654.7 | | | | | |
| Implied Value Range | 0.37 | 0.39 | 0.40 | | | | | |
| FX Rate: RON/RON | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.37 | 0.39 | 0.40 | | 0.45 | | | |
| Upside / (Downside) | -17.4% | -13.7% | -10.0% | | | | | |