| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| ALQWA | ALNMG | EDI | DEC | ALDUX | | ALPRI | |
| ENXTPA:ALQWA | ENXTPA:ALNMG | ENXTPA:EDI | ENXTPA:DEC | ENXTPA:ALDUX | | ENXTPA:ALPRI | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 6.3% | 5.4% | 2.7% | 0.8% | -3.4% | | 1.2% | |
| 3Y CAGR | 8.1% | 33.2% | 10.2% | 12.9% | 7.2% | | 9.2% | |
| Latest Twelve Months | 0.7% | 26.7% | -10.7% | 10.2% | 3.8% | | -5.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 12.5% | -14.6% | 1.5% | 4.4% | 1.2% | | -0.7% | |
| Prior Fiscal Year | 11.8% | -14.8% | 5.7% | 11.8% | 7.5% | | -0.6% | |
| Latest Fiscal Year | 7.2% | -8.3% | 0.7% | 11.0% | 11.1% | | 2.4% | |
| Latest Twelve Months | 8.6% | 0.8% | 0.7% | 11.0% | 12.6% | | 2.2% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.12x | 0.33x | 0.41x | 1.71x | 0.72x | | 0.35x | |
| EV / LTM EBIT | 1.4x | 40.0x | 57.4x | 15.5x | 5.7x | | 16.0x | |
| Price / LTM Sales | 0.37x | 0.28x | 0.29x | 0.92x | 0.47x | | 0.16x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.12x | 0.41x | 1.71x | | | | | |
| Historical EV / LTM Revenue | 0.37x | 0.55x | 5.60x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.40x | 0.42x | 0.44x | | | | | |
| (x) LTM Revenue | 51 | 51 | 51 | | | | | |
| (=) Implied Enterprise Value | 20 | 21 | 23 | | | | | |
| (-) Non-shareholder Claims * | (10) | (10) | (10) | | | | | |
| (=) Equity Value | 11 | 12 | 13 | | | | | |
| (/) Shares Outstanding | 1.4 | 1.4 | 1.4 | | | | | |
| Implied Value Range | 7.93 | 8.72 | 9.51 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 7.93 | 8.72 | 9.51 | | 6.00 | | | |
| Upside / (Downside) | 32.1% | 45.3% | 58.5% | | | | | |