| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| JET2 | 0RYA | 0H4A | ANCA | CPCA.F | | IAGE | |
| AIM:JET2 | LSE:0RYA | LSE:0H4A | DB:ANCA | OTCPK:CPCA.F | | BATS-CHIXE:IAGE | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 16.1% | 11.8% | 0.6% | 0.0% | -0.5% | | 4.7% | |
| 3Y CAGR | 151.0% | 101.8% | 30.7% | 41.3% | 31.8% | | 56.0% | |
| Latest Twelve Months | 18.0% | 5.3% | 6.1% | 11.2% | 10.5% | | 9.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -14.1% | -0.7% | -7.5% | -9.7% | 0.5% | | -15.2% | |
| Prior Fiscal Year | 7.8% | 13.4% | 6.0% | 7.0% | 13.8% | | 12.3% | |
| Latest Fiscal Year | 6.8% | 15.3% | 3.4% | 10.1% | 12.6% | | 14.1% | |
| Latest Twelve Months | 7.4% | 12.4% | 3.4% | 7.5% | 12.6% | | 14.1% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.09x | 1.61x | 0.37x | 0.60x | 1.10x | | 0.74x | |
| EV / LTM EBIT | 1.3x | 13.0x | 11.1x | 8.0x | 8.7x | | 5.2x | |
| Price / LTM Sales | 0.42x | 1.61x | 0.24x | 0.60x | 0.65x | | 0.50x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.09x | 0.60x | 1.61x | | | | | |
| Historical EV / LTM Revenue | 0.57x | 0.88x | 3.34x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.84x | 0.88x | 0.93x | | | | | |
| (x) LTM Revenue | 32,100 | 32,100 | 32,100 | | | | | |
| (=) Implied Enterprise Value | 26,925 | 28,343 | 29,760 | | | | | |
| (-) Non-shareholder Claims * | (7,318) | (7,318) | (7,318) | | | | | |
| (=) Equity Value | 19,607 | 21,025 | 22,442 | | | | | |
| (/) Shares Outstanding | 4,806.6 | 4,806.6 | 4,806.6 | | | | | |
| Implied Value Range | 4.08 | 4.37 | 4.67 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 4.08 | 4.37 | 4.67 | | 3.37 | | | |
| Upside / (Downside) | 21.2% | 29.9% | 38.7% | | | | | |