| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| IDL | DHL | MLL | BPOST | STF | | 0QWA | |
| ENXTPA:IDL | DB:DHL | DB:MLL | ENXTBR:BPOST | ENXTPA:STF | | LSE:0QWA | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 16.3% | 5.9% | 13.8% | 2.8% | 6.4% | | 5.1% | |
| 3Y CAGR | 20.3% | 1.1% | 25.0% | 0.4% | 12.2% | | 6.3% | |
| Latest Twelve Months | 19.1% | 3.0% | 21.8% | 2.0% | 4.9% | | 4.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 3.9% | 7.4% | 0.8% | 5.2% | 4.9% | | 2.2% | |
| Prior Fiscal Year | 4.4% | 6.9% | -3.0% | 3.2% | 5.4% | | 2.3% | |
| Latest Fiscal Year | 3.0% | 6.3% | -0.2% | -2.7% | 5.7% | | 2.5% | |
| Latest Twelve Months | 3.0% | 6.3% | 2.9% | -2.7% | 5.2% | | 2.5% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.15x | 0.79x | 0.55x | 0.48x | 0.59x | | 0.17x | |
| EV / LTM EBIT | 38.6x | 12.6x | 19.0x | -17.8x | 11.3x | | 6.9x | |
| Price / LTM Sales | 0.75x | 0.56x | 0.14x | 0.07x | 0.33x | | 0.29x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.48x | 0.59x | 1.15x | | | | | |
| Historical EV / LTM Revenue | -0.02x | 0.02x | 0.12x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.19x | 0.20x | 0.21x | | | | | |
| (x) LTM Revenue | 13,112 | 13,112 | 13,112 | | | | | |
| (=) Implied Enterprise Value | 2,515 | 2,647 | 2,780 | | | | | |
| (-) Non-shareholder Claims * | 1,539 | 1,539 | 1,539 | | | | | |
| (=) Equity Value | 4,054 | 4,186 | 4,319 | | | | | |
| (/) Shares Outstanding | 132.0 | 132.0 | 132.0 | | | | | |
| Implied Value Range | 30.71 | 31.71 | 32.71 | | | | | |
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 30.71 | 31.71 | 32.71 | | 28.91 | | | |
| Upside / (Downside) | 6.2% | 9.7% | 13.1% | | | | | |