| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| AI | RBT | SEFER | AKE | ALGAE | | 9Z50 | |
| ENXTPA:AI | ENXTPA:RBT | ENXTPA:SEFER | ENXTPA:AKE | ENXTPA:ALGAE | | DB:9Z50 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 4.3% | 6.6% | 12.1% | 1.8% | 26.3% | | 8.5% | |
| 3Y CAGR | 5.1% | 10.2% | 18.8% | 0.1% | 32.4% | | 12.6% | |
| Latest Twelve Months | -2.0% | 5.4% | -8.8% | 0.3% | 183.3% | | 0.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 17.0% | 14.5% | 4.6% | 9.4% | -175.3% | | 2.6% | |
| Prior Fiscal Year | 17.4% | 14.6% | 7.4% | 7.6% | -299.1% | | 4.0% | |
| Latest Fiscal Year | 18.9% | 15.3% | 2.8% | 7.1% | -94.5% | | 3.3% | |
| Latest Twelve Months | 18.9% | 16.0% | -0.3% | 7.1% | -94.5% | | 3.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 4.22x | 2.20x | 0.62x | 0.89x | 2.09x | | 1.02x | |
| EV / LTM EBIT | 22.3x | 13.7x | -230.5x | 12.6x | -2.2x | | 28.3x | |
| Price / LTM Sales | 3.81x | 2.02x | 0.22x | 0.60x | 2.78x | | 0.90x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.62x | 2.09x | 4.22x | | | | | |
| Historical EV / LTM Revenue | 0.55x | 0.65x | 1.24x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.86x | 0.90x | 0.95x | | | | | |
| (x) LTM Revenue | 488 | 488 | 488 | | | | | |
| (=) Implied Enterprise Value | 417 | 439 | 461 | | | | | |
| (-) Non-shareholder Claims * | (60) | (60) | (60) | | | | | |
| (=) Equity Value | 357 | 379 | 401 | | | | | |
| (/) Shares Outstanding | 2.1 | 2.1 | 2.1 | | | | | |
| Implied Value Range | 169.92 | 180.36 | 190.79 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 169.92 | 180.36 | 190.79 | | 195.50 | | | |
| Upside / (Downside) | -13.1% | -7.7% | -2.4% | | | | | |