| 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 | 30.3% | 5.7% | 24.4% | 17.5% | 0.8% | | 6.1% | |
| 3Y CAGR | -4.9% | 7.1% | 19.4% | 5.7% | -4.2% | | 13.3% | |
| Latest Twelve Months | 62.4% | 46.9% | 46.4% | 43.7% | 6.0% | | 39.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 26.4% | 27.6% | 11.4% | 9.1% | 44.4% | | 13.2% | |
| Prior Fiscal Year | 22.0% | 29.8% | 13.5% | 9.3% | 52.1% | | 14.8% | |
| Latest Fiscal Year | 21.5% | 33.0% | 18.0% | 16.1% | 54.4% | | 12.1% | |
| Latest Twelve Months | 21.5% | 33.0% | 18.0% | 12.4% | 54.4% | | 15.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.75x | 5.08x | 4.68x | 2.48x | 8.59x | | 1.66x | |
| EV / LTM EBIT | 12.4x | 15.4x | 26.0x | 20.0x | 15.3x | | 10.9x | |
| Price / LTM Sales | 1.63x | 3.15x | 3.27x | 0.69x | 8.21x | | 0.93x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 2.48x | 4.68x | 8.59x | | | | | |
| Historical EV / LTM Revenue | 1.56x | 1.94x | 3.02x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.93x | 2.04x | 2.14x | | | | | |
| (x) LTM Revenue | 286 | 286 | 286 | | | | | |
| (=) Implied Enterprise Value | 553 | 582 | 611 | | | | | |
| (-) Non-shareholder Claims * | (209) | (209) | (209) | | | | | |
| (=) Equity Value | 344 | 374 | 403 | | | | | |
| (/) Shares Outstanding | 22.6 | 22.6 | 22.6 | | | | | |
| Implied Value Range | 15.27 | 16.56 | 17.85 | | | | | |
| FX Rate: ILS/ILS | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 15.27 | 16.56 | 17.85 | | 11.81 | | | |
| Upside / (Downside) | 29.3% | 40.2% | 51.1% | | | | | |