| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| GDYN | DXC | CTSH | IBM | DOX | | EPAM | |
| NasdaqCM:GDYN | NYSE:DXC | NasdaqGS:CTSH | NYSE:IBM | NasdaqGS:DOX | | NYSE:EPAM | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 24.3% | -8.0% | 3.3% | 1.7% | 4.1% | | 15.6% | |
| 3Y CAGR | 18.4% | -8.3% | 2.2% | 3.0% | 5.3% | | 8.0% | |
| Latest Twelve Months | 12.0% | -5.7% | 2.0% | 1.4% | -1.6% | | 0.8% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -2.0% | 2.4% | 15.3% | 10.2% | 14.6% | | 13.7% | |
| Prior Fiscal Year | -0.4% | -5.5% | 15.2% | 16.0% | 14.8% | | 12.6% | |
| Latest Fiscal Year | 1.0% | 1.3% | 15.3% | 10.6% | 15.2% | | 12.8% | |
| Latest Twelve Months | 1.0% | 1.9% | 15.3% | 10.6% | 16.0% | | 12.8% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.86x | 0.47x | 1.86x | 4.30x | 2.19x | | 1.80x | |
| EV / LTM EBIT | 300.9x | 24.3x | 12.2x | 40.5x | 13.7x | | 14.0x | |
| Price / LTM Sales | 3.78x | 0.24x | 1.90x | 3.61x | 2.09x | | 2.03x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.47x | 2.19x | 4.30x | | | | | |
| Historical EV / LTM Revenue | 1.80x | 3.72x | 10.93x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.65x | 2.79x | 2.93x | | | | | |
| (x) LTM Revenue | 4,728 | 4,728 | 4,728 | | | | | |
| (=) Implied Enterprise Value | 12,544 | 13,204 | 13,865 | | | | | |
| (-) Non-shareholder Claims * | 1,161 | 1,161 | 1,161 | | | | | |
| (=) Equity Value | 13,705 | 14,366 | 15,026 | | | | | |
| (/) Shares Outstanding | 56.9 | 56.9 | 56.9 | | | | | |
| Implied Value Range | 240.92 | 252.52 | 264.13 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 240.92 | 252.52 | 264.13 | | 168.93 | | | |
| Upside / (Downside) | 42.6% | 49.5% | 56.4% | | | | | |