| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| BOL | GLN | LUN | NEM | MIRL | | NEXAPEI1 | |
| OM:BOL | JSE:GLN | TSX:LUN | BVL:NEM | BVL:MIRL | | BVL:NEXAPEI1 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 12.3% | 1.4% | 12.6% | 13.9% | 2.4% | | 3.4% | |
| 3Y CAGR | 9.1% | 4.3% | 0.9% | 15.2% | -7.0% | | 2.1% | |
| Latest Twelve Months | 13.6% | 6.0% | 24.8% | 58.2% | 6.3% | | 19.8% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 14.4% | 3.7% | 22.0% | 18.3% | 0.8% | | 18.5% | |
| Prior Fiscal Year | 9.8% | 3.4% | 17.2% | 6.0% | -12.3% | | 15.0% | |
| Latest Fiscal Year | 11.0% | 1.4% | 22.8% | 31.6% | -16.0% | | 26.7% | |
| Latest Twelve Months | 11.0% | 1.4% | 22.8% | 31.6% | -16.0% | | 26.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.15x | 0.30x | 2.89x | 2.95x | 3.23x | | 0.24x | |
| EV / LTM EBIT | 10.4x | 20.5x | 12.7x | 9.3x | -20.2x | | 0.9x | |
| Price / LTM Sales | 1.04x | 0.20x | 2.11x | 2.90x | 0.15x | | 0.60x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.30x | 2.89x | 3.23x | | | | | |
| Historical EV / LTM Revenue | 0.24x | 0.57x | 1.90x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.44x | 0.46x | 0.49x | | | | | |
| (x) LTM Revenue | 881 | 881 | 881 | | | | | |
| (=) Implied Enterprise Value | 389 | 409 | 430 | | | | | |
| (-) Non-shareholder Claims * | 307 | 307 | 307 | | | | | |
| (=) Equity Value | 696 | 716 | 737 | | | | | |
| (/) Shares Outstanding | 1,954.9 | 1,954.9 | 1,954.9 | | | | | |
| Implied Value Range | 0.36 | 0.37 | 0.38 | | | | | |
| FX Rate: USD/PEN | 0.3 | 0.3 | 0.3 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1.30 | 1.34 | 1.38 | | 1.35 | | | |
| Upside / (Downside) | -3.6% | -0.8% | 2.1% | | | | | |