| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| LLY | JAZZ | MRK | TEVJ.F | PFE | | AXSM | |
| NYSE:LLY | NasdaqGS:JAZZ | NYSE:MRK | OTCPK:TEVJ.F | NYSE:PFE | | NasdaqGM:AXSM | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 15.1% | 13.5% | 10.4% | -0.4% | 9.2% | | NM- | |
| 3Y CAGR | 16.7% | 9.6% | 9.6% | 1.4% | -7.8% | | NM- | |
| Latest Twelve Months | 32.0% | 6.1% | 6.7% | 4.4% | 6.8% | | 42.5% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 30.6% | 23.1% | 31.2% | 18.8% | 24.8% | | -295.3% | |
| Prior Fiscal Year | 31.6% | 21.1% | 26.6% | 20.1% | 10.6% | | -67.6% | |
| Latest Fiscal Year | 38.9% | 21.2% | 38.8% | 20.4% | 25.7% | | -65.5% | |
| Latest Twelve Months | 38.9% | 21.2% | 38.8% | 20.4% | 25.7% | | -65.5% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 17.67x | 2.80x | 3.84x | 2.04x | 2.99x | | 14.90x | |
| EV / LTM EBIT | 45.5x | 13.2x | 9.9x | 10.0x | 11.6x | | -22.8x | |
| Price / LTM Sales | 16.98x | 2.02x | 3.46x | 1.12x | 2.28x | | 15.22x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 2.04x | 2.99x | 17.67x | | | | | |
| Historical EV / LTM Revenue | 14.90x | 15.82x | 125.31x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 16.28x | 17.14x | 18.00x | | | | | |
| (x) LTM Revenue | 386 | 386 | 386 | | | | | |
| (=) Implied Enterprise Value | 6,281 | 6,611 | 6,942 | | | | | |
| (-) Non-shareholder Claims * | 122 | 122 | 122 | | | | | |
| (=) Equity Value | 6,403 | 6,734 | 7,064 | | | | | |
| (/) Shares Outstanding | 48.8 | 48.8 | 48.8 | | | | | |
| Implied Value Range | 131.30 | 138.08 | 144.86 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 131.30 | 138.08 | 144.86 | | 120.36 | | | |
| Upside / (Downside) | 9.1% | 14.7% | 20.4% | | | | | |