| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| SRFT | DIMRI | AURA | AVIV | HRON | | MSLA | |
| TASE:SRFT | TASE:DIMRI | TASE:AURA | TASE:AVIV | TASE:HRON | | TASE:MSLA | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 12.7% | 5.7% | 24.8% | 17.5% | 0.4% | | 6.1% | |
| 3Y CAGR | 21.0% | 7.1% | -2.0% | 5.7% | -1.2% | | 13.3% | |
| Latest Twelve Months | 3.5% | 30.4% | 36.3% | 43.7% | -1.9% | | 39.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 26.4% | 26.9% | 10.7% | 9.1% | 44.4% | | 13.2% | |
| Prior Fiscal Year | 36.0% | 28.1% | 10.7% | 9.3% | 40.8% | | 14.8% | |
| Latest Fiscal Year | 22.0% | 29.8% | 13.5% | 16.1% | 52.1% | | 12.1% | |
| Latest Twelve Months | 22.2% | 35.8% | 17.9% | 12.4% | 56.3% | | 15.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.66x | 5.47x | 5.58x | 2.54x | 8.82x | | 1.72x | |
| EV / LTM EBIT | 12.0x | 15.3x | 31.2x | 20.5x | 15.7x | | 11.3x | |
| Price / LTM Sales | 1.66x | 3.61x | 3.93x | 0.75x | 8.46x | | 0.99x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 2.54x | 5.47x | 8.82x | | | | | |
| Historical EV / LTM Revenue | 1.56x | 1.94x | 3.02x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.95x | 2.06x | 2.16x | | | | | |
| (x) LTM Revenue | 286 | 286 | 286 | | | | | |
| (=) Implied Enterprise Value | 559 | 588 | 617 | | | | | |
| (-) Non-shareholder Claims * | (209) | (209) | (209) | | | | | |
| (=) Equity Value | 350 | 379 | 409 | | | | | |
| (/) Shares Outstanding | 22.6 | 22.6 | 22.6 | | | | | |
| Implied Value Range | 15.51 | 16.81 | 18.12 | | | | | |
| FX Rate: ILS/ILS | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 15.51 | 16.81 | 18.12 | | 12.59 | | | |
| Upside / (Downside) | 23.2% | 33.5% | 43.9% | | | | | |