| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| RDY | UBN | 8CO | QOR | LCFY | | XF1 | |
| ASX:RDY | ASX:UBN | ASX:8CO | ASX:QOR | NasdaqCM:LCFY | | ASX:XF1 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 28.3% | 9.3% | 18.5% | 89.4% | NM- | | 19.8% | |
| 3Y CAGR | 31.5% | 3.1% | 32.3% | 97.5% | 23.7% | | 11.2% | |
| Latest Twelve Months | 6.6% | -1.2% | -10.6% | 15.5% | -23.4% | | 0.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 10.9% | -35.3% | -33.6% | -149.8% | -82.7% | | -28.0% | |
| Prior Fiscal Year | 9.0% | -39.1% | -28.9% | -108.0% | -78.3% | | -14.0% | |
| Latest Fiscal Year | 9.1% | -22.6% | -31.2% | -48.8% | -69.6% | | -27.9% | |
| Latest Twelve Months | 8.1% | -20.7% | -16.8% | -35.5% | -55.7% | | -16.2% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.99x | 2.42x | 0.64x | 5.15x | 3.21x | | 1.57x | |
| EV / LTM EBIT | 36.9x | -11.7x | -3.8x | -14.5x | -5.8x | | -9.7x | |
| Price / LTM Sales | 2.69x | 2.63x | 0.65x | 5.11x | 3.16x | | 1.29x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.64x | 2.99x | 5.15x | | | | | |
| Historical EV / LTM Revenue | 1.27x | 2.98x | 4.44x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.22x | 2.33x | 2.45x | | | | | |
| (x) LTM Revenue | 21 | 21 | 21 | | | | | |
| (=) Implied Enterprise Value | 46 | 49 | 51 | | | | | |
| (-) Non-shareholder Claims * | (6) | (6) | (6) | | | | | |
| (=) Equity Value | 40 | 43 | 45 | | | | | |
| (/) Shares Outstanding | 192.0 | 192.0 | 192.0 | | | | | |
| Implied Value Range | 0.21 | 0.22 | 0.24 | | | | | |
| FX Rate: AUD/AUD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.21 | 0.22 | 0.24 | | 0.14 | | | |
| Upside / (Downside) | 50.1% | 59.1% | 68.2% | | | | | |