| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| TLW | AST | SOU | 0N08 | ENW | | SAVE | |
| LSE:TLW | AIM:AST | AIM:SOU | LSE:0N08 | AIM:ENW | | AIM:SAVE | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -1.8% | -6.2% | NM- | 46.0% | 0.9% | | NM- | |
| 3Y CAGR | 6.1% | NM- | NM- | 35.8% | 12.2% | | 9.9% | |
| Latest Twelve Months | -6.1% | -97.3% | NM | 30.8% | -33.1% | | -14.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 29.2% | -3350.8% | NA | 29.9% | 51.3% | | 40.3% | |
| Prior Fiscal Year | 18.2% | -7220.0% | NA | 38.6% | 72.0% | | 29.4% | |
| Latest Fiscal Year | 37.0% | -57.5% | NA | 33.9% | 57.2% | | 64.5% | |
| Latest Twelve Months | 37.0% | -3403.8% | NA | 33.9% | 58.8% | | 110.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.65x | 76.53x | NA | 1.29x | -0.28x | | 2.57x | |
| EV / LTM EBIT | 4.5x | -2.2x | -0.4x | 3.8x | -0.5x | | 2.3x | |
| Price / LTM Sales | 0.21x | 80.07x | NA | 1.02x | 1.70x | | 0.60x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | -0.28x | 1.47x | 76.53x | | | | | |
| Historical EV / LTM Revenue | 2.98x | 4.58x | 33.89x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.73x | 2.87x | 3.01x | | | | | |
| (x) LTM Revenue | 215 | 215 | 215 | | | | | |
| (=) Implied Enterprise Value | 587 | 618 | 649 | | | | | |
| (-) Non-shareholder Claims * | (411) | (411) | (411) | | | | | |
| (=) Equity Value | 176 | 207 | 238 | | | | | |
| (/) Shares Outstanding | 1,312.2 | 1,312.2 | 1,312.2 | | | | | |
| Implied Value Range | 0.13 | 0.16 | 0.18 | | | | | |
| FX Rate: USD/GBP | 1.3 | 1.3 | 1.3 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.10 | 0.12 | 0.14 | | 0.08 | | | |
| Upside / (Downside) | 32.8% | 56.1% | 79.3% | | | | | |