| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 4VN | C8V | CDZ0 | DHER | TUI1 | | ACX | |
| DB:4VN | DB:C8V | XTRA:CDZ0 | XTRA:DHER | XTRA:TUI1 | | DB:ACX | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 35.1% | 32.2% | 413.1% | 71.8% | 4.1% | | -19.4% | |
| 3Y CAGR | 2.8% | 40.2% | NM- | 59.0% | 69.8% | | -5.4% | |
| Latest Twelve Months | 4.3% | -5.4% | NM | 13.3% | 11.9% | | 0.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -19.9% | 9.1% | -328.5% | -26.7% | -21.2% | | 4.5% | |
| Prior Fiscal Year | -23.4% | 7.1% | -9.5% | -16.8% | 2.9% | | 3.8% | |
| Latest Fiscal Year | -2.7% | 4.9% | -5.0% | -6.7% | 3.8% | | 0.0% | |
| Latest Twelve Months | -2.7% | 2.3% | -5.4% | -5.6% | 3.8% | | -8.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.69x | 1.07x | 0.55x | 0.97x | 0.29x | | -0.28x | |
| EV / LTM EBIT | -26.0x | 47.0x | -10.2x | -17.2x | 7.5x | | 3.3x | |
| Price / LTM Sales | 0.61x | 0.19x | 0.41x | 0.64x | 0.15x | | 0.39x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.29x | 0.69x | 1.07x | | | | | |
| Historical EV / LTM Revenue | -0.29x | 1.85x | 4.73x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | -0.04x | -0.04x | -0.04x | | | | | |
| (x) LTM Revenue | 49 | 49 | 49 | | | | | |
| (=) Implied Enterprise Value | (2) | (2) | (2) | | | | | |
| (-) Non-shareholder Claims * | 33 | 33 | 33 | | | | | |
| (=) Equity Value | 31 | 31 | 31 | | | | | |
| (/) Shares Outstanding | 7.0 | 7.0 | 7.0 | | | | | |
| Implied Value Range | 4.39 | 4.38 | 4.36 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 4.39 | 4.38 | 4.36 | | 2.63 | | | |
| Upside / (Downside) | 67.0% | 66.4% | 65.9% | | | | | |