| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| CBH | LCH | LRH | PLAG | OLYMP | | LUI | |
| CSE:CBH | CSE:LCH | ZGSE:LRH | ZGSE:PLAG | ATSE:OLYMP | | CSE:LUI | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 9.5% | 4.4% | 7.4% | 8.7% | 103.9% | | -9.9% | |
| 3Y CAGR | 45.8% | 46.4% | 27.7% | 23.4% | 41.0% | | 41.8% | |
| Latest Twelve Months | 8.7% | 24.2% | 6.3% | 5.6% | 17.2% | | 12.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -23.1% | 0.0% | -25.3% | 9.9% | -564.4% | | -16.2% | |
| Prior Fiscal Year | 19.8% | 11.2% | 4.0% | 21.8% | 11.5% | | 13.9% | |
| Latest Fiscal Year | 21.0% | 15.9% | 9.7% | 25.0% | 20.2% | | 19.2% | |
| Latest Twelve Months | 21.0% | 15.9% | 11.1% | 25.0% | 20.2% | | 19.2% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.61x | 2.02x | 3.26x | 3.79x | 3.01x | | 2.82x | |
| EV / LTM EBIT | 7.6x | 12.7x | 29.4x | 15.2x | 14.9x | | 14.7x | |
| Price / LTM Sales | 0.53x | 0.63x | 2.89x | 3.02x | 5.13x | | 0.44x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.61x | 3.01x | 3.79x | | | | | |
| Historical EV / LTM Revenue | 2.82x | 3.25x | 3.86x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.78x | 2.93x | 3.07x | | | | | |
| (x) LTM Revenue | 128 | 128 | 128 | | | | | |
| (=) Implied Enterprise Value | 356 | 375 | 394 | | | | | |
| (-) Non-shareholder Claims * | (304) | (304) | (304) | | | | | |
| (=) Equity Value | 52 | 70 | 89 | | | | | |
| (/) Shares Outstanding | 460.5 | 460.5 | 460.5 | | | | | |
| Implied Value Range | 0.11 | 0.15 | 0.19 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.11 | 0.15 | 0.19 | | 0.12 | | | |
| Upside / (Downside) | -8.9% | 24.2% | 57.2% | | | | | |