| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| SIGN | HUH1V | SNS | 1C9 | CWN | | MNHF.F | |
| SWX:SIGN | HLSE:HUH1V | DB:SNS | DB:1C9 | DB:CWN | | OTCPK:MNHF.F | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 13.3% | 4.0% | -0.3% | 6.4% | 4.3% | | 9.9% | |
| 3Y CAGR | 17.3% | 4.9% | -1.7% | 8.1% | 1.2% | | 9.9% | |
| Latest Twelve Months | 3.0% | -1.0% | -2.5% | 9.0% | -1.7% | | -2.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 11.1% | 8.3% | 8.0% | 14.1% | 8.4% | | 7.9% | |
| Prior Fiscal Year | 12.5% | 8.1% | 10.3% | 13.8% | 11.0% | | 4.0% | |
| Latest Fiscal Year | 11.3% | 8.5% | 9.8% | 14.5% | 12.3% | | 4.7% | |
| Latest Twelve Months | 11.3% | 8.5% | 9.8% | 14.5% | 12.3% | | 4.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.73x | 1.18x | 2.18x | 1.96x | 1.38x | | 0.74x | |
| EV / LTM EBIT | 24.2x | 13.9x | 22.2x | 13.5x | 11.3x | | 15.9x | |
| Price / LTM Sales | 2.09x | 0.86x | 0.88x | 1.73x | 0.88x | | 0.40x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.18x | 1.96x | 2.73x | | | | | |
| Historical EV / LTM Revenue | 0.74x | 1.04x | 1.68x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.87x | 0.91x | 0.96x | | | | | |
| (x) LTM Revenue | 4,080 | 4,080 | 4,080 | | | | | |
| (=) Implied Enterprise Value | 3,537 | 3,723 | 3,909 | | | | | |
| (-) Non-shareholder Claims * | (1,380) | (1,380) | (1,380) | | | | | |
| (=) Equity Value | 2,156 | 2,343 | 2,529 | | | | | |
| (/) Shares Outstanding | 20.0 | 20.0 | 20.0 | | | | | |
| Implied Value Range | 107.82 | 117.13 | 126.44 | | | | | |
| FX Rate: EUR/USD | 0.9 | 0.9 | 0.9 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 116.41 | 126.46 | 136.51 | | 72.00 | | | |
| Upside / (Downside) | 61.7% | 75.6% | 89.6% | | | | | |